Headline: Tech Mahindra Q1 Results Soar: Profit Jumps 59%, Revenue Beats Expectations
Tech Mahindra announced stellar first-quarter results, exceeding expectations on multiple fronts. Revenue growth surged 16% year-on-year (YoY) in Indian Rupees and 13% YoY in US Dollars.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) saw an impressive 36% YoY increase. This also showed a 5% improvement quarter-on-quarter (QoQ).
Profit after tax (PAT) registered a remarkable 59% YoY jump, with a more modest 3% QoQ growth. The robust numbers reflect strong performance across key sectors.
These positive results underscore Tech Mahindra’s resilience in a challenging global economic climate. The company’s strong performance bodes well for India’s IT sector and its potential for continued growth in the coming quarters. The findings will be closely watched by investors and industry analysts alike.
