Tech Mahindra's Q2FY24 Financial Performance Review

In this financial performance review, we delve into the results of Tech Mahindra for the second quarter of fiscal year 2024 and analyze key metrics, including revenue, expenses, net profit, and margin.


ParticularsQ2FY23(Y-o-Y) % changeQ1FY24(Q-o-Q) % changeQ2FY24
Total Income (₹crs.)13,419-2.1713,350-1.6613,128
Expenses (₹crs.)11,7406.5112,3870.9412,504
Net Profit (₹crs.)1,299.20-61.11703.6-28.18505.3
Margin (%)9.68-5.835.27-1.423.85


The company reported a total income of ₹13,128 crores for Q2FY24, with a slight decrease of -1.66% quarter-on-quarter and -2.17% year-on-year.


They also recorded expenses amounting to ₹12,504 crores in Q2FY24, representing a moderate 0.94% increase compared to previous quarter. The expenses showed a further increase when compared year-on-year.


The net profit of the Company for Q2FY24 was ₹505.3 crores, signifying a significant decline of -28.18% compared to the preceding quarter. Year-on-year, this decrease was even more pronounced, with a substantial -61.11% drop.


MARGINS: Tech Mahindra's margin in Q2FY24 was 3.85%. This figure indicates a 1.42% reduction compared to the previous quarter. Year-on-year, the margin experienced a notable decline of -5.83% from the margin of 9.68% in the corresponding quarter of the previous fiscal year.


In conclusion, Tech Mahindra's financial performance in Q2FY24 reflects a challenging quarter with a significant decrease in net profit and margin. This decline may be attributed to various factors, such as poor deal wins and high attrition rates. Further analysis is required to address and potentially reverse these trends.


Stay tuned for more detailed updates on Tech Mahindra's financial performance in the coming quarters.

Related Blogs

Share Market


8 mins read . 19 Jul 2024

Stock Market Trading Time in India

  • 0 people read

Share Market


11 mins read . 19 Jul 2024

How To Trade in T2T Stocks

  • 0 people read
Kickstart your equities journey today You've got this
By submitting this I agree to the terms & conditions