{"id":135626,"date":"2022-11-04T08:40:25","date_gmt":"2022-11-04T12:40:25","guid":{"rendered":"https:\/\/44.250.171.167\/?p=135626"},"modified":"2022-11-04T08:40:27","modified_gmt":"2022-11-04T12:40:27","slug":"tech-mahindra-limited-q2-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/tech-mahindra-limited-q2-fy23-earnings-conference-call-insights\/","title":{"rendered":"Tech Mahindra Limited Q2 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Tech Mahindra Limited Q2 FY23 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/ExdHuwLP7EM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Tech Mahindra Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/TECHM\/\">TECHM<\/a>) Q2 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:10:04] Chira Pacharia from Ashika Institutional Equities asked about the bifurcation of enterprise and communication vertical in net new deal wins in 2Q23. Rohit Anand CFO replied that split cannot be given, but added that communication continues to benefit from the 5G tailwind.<\/li>\n<\/ul>\n<ul>\n<li>[00:10:14] Chira Pacharia from Ashika Institutional Equities enquired that geography wise, which territory was highly impacted due to the slowdown. Rohit Anand CFO answered that from a revenue growth perspective, geography growth is broad based. US grew 2.5%, while Europe 3.5% and RoW adjusted for currency grew 3.4%.<\/li>\n<\/ul>\n<ul>\n<li>[00:14:54] Ravi Menon of Macquarie asked about Hi-tech growth being strong for TECHM contrary to its peers and if it\u2019s due to any new accounts. Rohit Anand CFO answered that it\u2019s an area which is a growth driver. TECHM has invested both inorganically and organically in competencies that\u2019s driving growth.<\/li>\n<\/ul>\n<ul>\n<li>[00:17:09] Ravi Menon with Macquarie enquired that given good deal wins and high utilization why TECHM has allowed its software headcount to decline QonQ. Rohit Anand CFO answered that it\u2019s to improve operational efficiency and performance.<\/li>\n<\/ul>\n<ul>\n<li>[00:22:10] Rishi Jhunjhunwala from IIFL asked about the reason for the big gap between standalone and consolidated impairment charge taken in 2Q23. C P Gurnani MD replied that on the consol level it\u2019s due to the small investment made a year ago that didn\u2019t get the right anticipated value. At a standalone level, from a main impact perspective, it\u2019s Target, where TECHM has taken the big impact.<\/li>\n<\/ul>\n<ul>\n<li>[00:23:39] Ruchi Burde with Elara Capital asked about portfolio pruning as a lever for margin, how it\u2019s progressing and will be concluded. C P Gurnani MD replied that the actions are targeted around $100-120 million annualized revenue impact. TECHM has executed almost $60 million on an annualized basis and is close to executing the rest in the next two quarters.<\/li>\n<\/ul>\n<ul>\n<li>[00:24:03] Ruchi Burde Mukhija of Elara Capital asked about furloughs in December. Rohit Anand CFO replied that it\u2019s not substantially different from what\u2019s seen last time on furloughs, it might be marginally higher than what\u2019s seen in the past.<\/li>\n<\/ul>\n<ul>\n<li>[00:27:04] Vibhor Singhal from Phillip Capital enquired if the company\u2019s EBIT margin guidance remains with an exit rate of 14% in 4Q23. \u00a0Rohit Anand CFO answered that the headroom is still there and all operating levers will continue to drive that.<\/li>\n<\/ul>\n<ul>\n<li>[00:31:27] Mukul Garg of Motilal Oswal asked about the reason why BPO growth is strong while IT Services trails it. Rohit Anand CFO replied that BPO does have seasonality impact. And from an overall perspective BPO continues to drive better performance.<\/li>\n<\/ul>\n<ul>\n<li>[00:46:48] Girish Pai from Nirmal Bang asked if the guidance of $700 million to $1 billion of PCB still remains. Rohit Anand CFO replied that currently there is no reason to change.<\/li>\n<\/ul>\n<ul>\n<li>[00:47:29] Venkat Samala from DSP Investment \u00a0asked if the company expects a more sharper ramp up in margins vs. 30-40 bps seen in 2Q23. Rohit Anand CFO answered that TECHM\u2019s actions still have headroom and will continue to drive that. Compared to first half there is little bit more uncertainty. So growth will have an impact going forward.<\/li>\n<\/ul>\n<ul>\n<li>[00:52:08] Viraj Kacharia from SiMPL asked that in terms of margins which geographies or verticals were impacted. Rohit Anand CFO said that in 2Q23 the impact is more on BFSI and the geography is RoW.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Tech Mahindra Limited (TECHM) Q2 FY23 Earnings Concall Q&amp;A Highlights: [00:10:04] Chira Pacharia from Ashika Institutional Equities asked about the bifurcation of enterprise and communication vertical in net new deal wins in 2Q23. Rohit Anand CFO replied that split cannot be given, but added that communication continues to benefit from the 5G [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Tech Mahindra Limited Q2 FY23 Earnings Conference Call Insights #TECHM #Q2 #FY23 #Earnings #Stocks","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":[9825,392,8],"tags":[10169,8532,9050],"class_list":["post-135626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-technology-stocks","tag-earnings","tag-technology","tag-technology-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":139738,"url":"https:\/\/alphastreet.com\/india\/tech-mahindra-limited-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":135626,"position":0},"title":"Tech Mahindra Limited Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"February 1, 2023","format":false,"excerpt":"Key highlights from Tech Mahindra Limited (TECHM) Q3 FY23 Earnings Concall Management Update: [00:00:58] TECHM said that its enterprise verticals reported a milestone revenue of $1 billion for 3Q23. Q&A Highlights: [00:13:25] Abhishek Bhandari of Nomura enquired about the additional levers the company has to improve margins further. Rohit Anand\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"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":[]},{"id":127011,"url":"https:\/\/alphastreet.com\/india\/tech-mahindra-limited-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":135626,"position":1},"title":"Tech Mahindra Limited Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 2, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=gly6WO1GB9k Key highlights from Tech Mahindra Limited (TECHM) Q3 FY22 Earnings Concall Management Update: The company reported the fourth quarter of $700 million plus deal wins. TECHM plans to invest either to acquire or fill gaps in its engineering capability or in the domain capability going forward. Q&A Highlights: Mukul\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"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":[]},{"id":137087,"url":"https:\/\/alphastreet.com\/india\/tech-mahindra-limited-techm-q2-fy23-earnings-concall-transcript\/","url_meta":{"origin":135626,"position":2},"title":"Tech Mahindra Limited (TECHM) Q2 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"November 1, 2022","format":false,"excerpt":"Tech Mahindra Limited (NSE: TECHM) Q2 FY23 Earnings Concall dated Nov. 01, 2022 Corporate Participants: C P Gurnani\u00a0--\u00a0Managing Director and Chief Executive Officer Anand G. Mahindra\u00a0--\u00a0Chairman Anish Shah\u00a0--\u00a0Managing Director and Chief Executive Officer Manish Vyas\u00a0--\u00a0President, Communications, Media and Entertainment Business, and CEO, Network Services Jagdish Mitra\u00a0--\u00a0Chief Strategy Officer and Head\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":134649,"url":"https:\/\/alphastreet.com\/india\/hcl-technologies-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":135626,"position":3},"title":"HCL Technologies Ltd Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"October 13, 2022","format":false,"excerpt":"https:\/\/youtu.be\/DPvD6lOE6kc Key highlights from HCL Technologies Ltd (HCLTECH) Q2 FY23 Earnings Concall Management Update: [00:14:25] HCL remains positive of its near term growth, driven by strong bookings and pipeline numbers across segments. Q&A Highlights: [00:32:10] Sandip Agarwal of Edelweiss asked is HCL seeing any kind of caution within its clients\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"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":[]},{"id":143211,"url":"https:\/\/alphastreet.com\/india\/nucleus-software-exports-limited-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":135626,"position":4},"title":"Nucleus Software Exports Limited Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"March 8, 2023","format":false,"excerpt":"Key highlights from Nucleus Software Exports Limited (NUCLEUS) Q3 FY23 Earnings Concall Management Update: [00:04:49] NUCLEUS said the quarter went by its expectation, both in terms of financials and the key area of attrition. The attrition significantly came down and the company expects that to stays that way. Q&A Highlights:\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"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":[]},{"id":171499,"url":"https:\/\/alphastreet.com\/india\/tech-mahindra-q2-fy26-earnings-results\/","url_meta":{"origin":135626,"position":5},"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":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135626","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\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=135626"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=135626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=135626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=135626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}