Tech Mahindra Full Year 2024 Earnings: EPS Misses Expectations

Simply Wall St

April 27, 2024

Tech Mahindra (NSE:TECHM) Full Year 2024 Results

Key Financial Results

Revenue: ₹520.0b (down 2.4% from FY 2023).
Net income: ₹23.6b (down 51% from FY 2023).
Profit margin: 4.5% (down from 9.1% in FY 2023). The decrease in margin was primarily driven by higher expenses.
EPS: ₹26.66 (down from ₹54.76 in FY 2023).

earnings-and-revenue-growth — NSEI:TECHM Earnings and Revenue Growth April 27th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tech Mahindra EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.7%.

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in India.

Performance of the Indian IT industry.

The company's shares are up 7.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Tech Mahindra that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.