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Tech Mahindra Q2 2023 Earnings: EPS beats expectations | Jobs Vox

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Tech Mahindra (NSE:TECHM) Q2 2023 Results

Key financial results

  • Revenue: INR 131.3 billion (up 21% from Q2 2022).
  • Net income: INR 12.9 billion (down 4.0% from Q2 2022).
  • Profit margin: 9.8% (down from 12% in Q2 2022). The decrease in margins was caused by higher costs.
  • EPS: INR 14.58 (down from INR 15.25 in Q2 2022).
earnings-and-income-growth
NSEI:TECHM Earnings and Revenue Growth Nov 4, 2022

All figures shown in the table above are for a period of 12 months (TTM).

Tech Mahindra EPS exceeds expectations

Revenues were in line with analysts’ estimates. Earnings per share (EPS) beat analysts’ estimates by 8.9%.

Looking ahead, revenues are forecast to grow at an average of 9.3% annually over the next 3 years, compared to a 10.0% growth forecast for the IT industry in India.

Performance of the Indian IT Industry.

The company’s shares fell 2.1% compared to a week ago.

Risk analysis

However, it is worth noting that we found 1 warning sign for Tech Mahindra which you should consider.

Valuation is complex, but we help make it simple.

Find out if Tech Mahindra is potentially overstated or understated by checking our comprehensive analysis, which includes fair value estimates, risks and caveats, dividends, insider transactions and financial condition.

Check out the free analysis

This Simply Wall St article 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 into account your goals or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simpli Wall St has no position in any of the stocks mentioned.

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