Categories AlphaGraphs, Earnings, LATEST, Technology, Trending Stocks

Tech Mahindra Limited Q1FY23 Earnings Snapshot

Revenue for Q1 FY23 has increased by 25% YoY to ₹127,079 millions. Profits fell by 16% YoY to ₹11,316 millions for Q1 FY 2023. Total Expenses rose by 36% ₹113,448 millions.

Cash Flow went down by 35% YoY and Free Cash Flow to PAT% went down by 44% YoY. While Capex has decreased 9% YoY to 20 million dollars. In this quarter’s board meeting, the management has shared that strong supply side headwinds in the market are the reasons for decreasing profitability and they are working towards cost optimization solutions to minimize it.

To further compare this quarter’s results to the past, check out this link.

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