{"id":135317,"date":"2022-11-01T09:06:18","date_gmt":"2022-11-01T13:06:18","guid":{"rendered":"https:\/\/44.250.171.167\/?p=135317"},"modified":"2022-11-01T09:06:19","modified_gmt":"2022-11-01T13:06:19","slug":"tech-mahindra-q2fy23-profit-drops-by-3-declares-special-dividend-of-%e2%82%b918","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/tech-mahindra-q2fy23-profit-drops-by-3-declares-special-dividend-of-%e2%82%b918\/","title":{"rendered":"Tech Mahindra Q2FY23 profit drops by 3%, declares special dividend of \u20b918"},"content":{"rendered":"\n<p class=\"has-text-align-justify\">On Tuesday, Tech Mahindra, country&#8217;s fifth largest IT services exporter reported a 4% year-on-year decline in  consolidated profit after tax (PAT) to \u20b91,285.4 crore in the second quarter of FY23 (July-September), as higher expenses offset the rise in revenue. The firm had posted a profit of \u20b91,338.7 crore in the year-ago period. On a sequential basis, the IT services exporter&#8217;s PAT rose 13.6% from \u20b91,131.6 crore in the April to June quarter. The company board also announced a special dividend of \u20b918 per share.<\/p>\n\n\n\n<p class=\"has-text-align-justify\">Revenue for the quarter came in at \u20b913,129.50 crore, up 20.6% YoY over \u20b910,881.30 crore in the corresponding quarter last year. Sequentially, the revenue was up 3.3%. In constant currency (CC) terms, the dollar revenue grew by nearly 3% sequentially. Tech Mahindra added 5,877 new hires in Q2, taking its total headcount to 163,912, up 3.7% QoQ, the company said in a regulatory filing.<\/p>\n\n\n\n<p>The attrition rate inclined to 22% for the quarter from 20% reported in the first quarter ended 30 June, 2022.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"748\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/c7a3fe6c-123c-4a26-80c3-7feb2b605f04-748x1024.png\" alt=\"\" class=\"wp-image-135318\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/c7a3fe6c-123c-4a26-80c3-7feb2b605f04-748x1024.png 748w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/c7a3fe6c-123c-4a26-80c3-7feb2b605f04-219x300.png 219w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/c7a3fe6c-123c-4a26-80c3-7feb2b605f04-768x1051.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/c7a3fe6c-123c-4a26-80c3-7feb2b605f04-1122x1536.png 1122w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/c7a3fe6c-123c-4a26-80c3-7feb2b605f04-1496x2048.png 1496w\" sizes=\"auto, (max-width: 748px) 100vw, 748px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday, Tech Mahindra, country&#8217;s fifth largest IT services exporter reported a 4% year-on-year decline in consolidated profit after tax (PAT) to \u20b91,285.4 crore in the second quarter of FY23 (July-September), as higher expenses offset the rise in revenue. The firm had posted a profit of \u20b91,338.7 crore in the year-ago period. On a sequential [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":49407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,8],"tags":[10525,8588,9050],"class_list":["post-135317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-technology-stocks","tag-bpo","tag-consulting","tag-technology-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":139463,"url":"https:\/\/alphastreet.com\/india\/tech-mahindra-q3fy23-results-out-net-profit-down-by-5\/","url_meta":{"origin":135317,"position":0},"title":"Tech Mahindra Q3FY23 results out; Net profit down by 5%","author":"Chirag Gupta","date":"January 30, 2023","format":false,"excerpt":"Tech Mahindra reported a consolidated net profit of INR 1,297 crore for the December quarter of the financial year 2022-23, down 5.3 percent. Profit after tax (PAT) stood at INR 1,368 crore in the year-ago period. The revenue from operations came in at INR 13,735 crore, rising 19.9 percent from\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c7a3fe6c-123c-4a26-80c3-7feb2b605f04.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c7a3fe6c-123c-4a26-80c3-7feb2b605f04.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c7a3fe6c-123c-4a26-80c3-7feb2b605f04.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c7a3fe6c-123c-4a26-80c3-7feb2b605f04.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c7a3fe6c-123c-4a26-80c3-7feb2b605f04.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/c7a3fe6c-123c-4a26-80c3-7feb2b605f04.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":144333,"url":"https:\/\/alphastreet.com\/india\/tech-mahindra-q4-fy23-results-out-revenue-rises-by-13-percent\/","url_meta":{"origin":135317,"position":1},"title":"Tech Mahindra Q4 FY23 results out; Revenue rises by 13 percent","author":"Chirag Gupta","date":"April 27, 2023","format":false,"excerpt":"Tech Mahindra reported Total revenue for Q4 FY23 of \u20b913,718 Crore up from \u20b912.116 Crore year on year, a growth of 13%. The consolidated Net Profit of \u20b91,125 Crore, down 27% from \u20b91,545 Crore in the same quarter of the previous year. The Earnings per Share is \u20b911.47 for this\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/f9a5d470-de5a-41e1-bfb0-49feb4d2b421.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/f9a5d470-de5a-41e1-bfb0-49feb4d2b421.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/f9a5d470-de5a-41e1-bfb0-49feb4d2b421.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/f9a5d470-de5a-41e1-bfb0-49feb4d2b421.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/f9a5d470-de5a-41e1-bfb0-49feb4d2b421.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/04\/f9a5d470-de5a-41e1-bfb0-49feb4d2b421.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":169618,"url":"https:\/\/alphastreet.com\/india\/mahindra-mahindra-ltd-q1-fy26-earnings-results-23-rise-in-profits\/","url_meta":{"origin":135317,"position":2},"title":"Mahindra &#038; Mahindra Ltd Q1 FY26 Earnings Results &#8211; 23% rise in Profits","author":"Chirag Gupta","date":"July 31, 2025","format":false,"excerpt":"Mahindra & Mahindra Ltd is one of the most diversified automobile company in India with presence across 2-wheelers, 3-wheelers, PVs, CVs, tractors & earthmovers. Presenting below are its latest Q1 FY26 earnings. Q1 FY26 Earnings Summary (Apr\u2013Jun 2025) Consolidated Revenue:\u00a0\u20b945,529 crore, up 22% year-over-year (YoY) from \u20b937,218 crore in Q1\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Mahindra & Mahindra Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/5-4.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/5-4.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/5-4.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/5-4.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/5-4.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/5-4.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":171499,"url":"https:\/\/alphastreet.com\/india\/tech-mahindra-q2-fy26-earnings-results\/","url_meta":{"origin":135317,"position":3},"title":"Tech Mahindra Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"October 14, 2025","format":false,"excerpt":"Tech Mahindra Ltd provides comprehensive range of IT services, including IT enabled service, application development and maintenance, consulting and enterprise business solutions, etc. to a diversified base of corporate customers in a wide range of industries. Presenting below are its Q2 FY26 earnings results. \u00a0 Q2 FY26 Earnings Results Revenue\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Tech Mahindra Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Tech-Mahindra-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Tech-Mahindra-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Tech-Mahindra-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Tech-Mahindra-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Tech-Mahindra-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Tech-Mahindra-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":173174,"url":"https:\/\/alphastreet.com\/india\/tech-mahindra-q3-fy26-earnings-results\/","url_meta":{"origin":135317,"position":4},"title":"Tech Mahindra Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 16, 2026","format":false,"excerpt":"Tech Mahindra Ltd provides comprehensive range of IT services, including IT enabled service, application development and maintenance, consulting and enterprise business solutions, etc. to a diversified base of corporate customers in a wide range of industries. Q3 FY26 Earnings Results Revenue from Operations: \u20b914,393 crore, up 2.8% QoQ from \u20b913,995\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Tech Mahindra Q3 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tech-Mahindra-Q3-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tech-Mahindra-Q3-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tech-Mahindra-Q3-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tech-Mahindra-Q3-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tech-Mahindra-Q3-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tech-Mahindra-Q3-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":180423,"url":"https:\/\/alphastreet.com\/india\/mahindra-mahindra-posts-54-pat-surge-in-q3-fy26-on-robust-auto-farm-performance\/","url_meta":{"origin":135317,"position":5},"title":"Mahindra &amp; Mahindra Posts 54% PAT Surge in Q3 FY26 on Robust Auto, Farm Performance","author":"Staff Correspondent","date":"February 11, 2026","format":false,"excerpt":"Mahindra & Mahindra Limited (NSE: M&M)\u00a0 reported strong Q3 FY26 results ended December 31, 2025, with consolidated profit after tax (PAT) at Rs 4,675 crore, up 54% year-over-year. Consolidated revenue grew 26% to Rs 52,100 crore, reflecting solid execution across core segments and growth gems. Consolidated Highlights Return on equity\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=135317"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/49407"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=135317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=135317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=135317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}