NEW DELHI: IT software program main Tech Mahindra on Thursday reported its consolidated revenue after tax (PAT) at Rs 2,358 crore for FY24, down 51.2 per cent (year-on-year).
The income for the final fiscal yr was Rs 51,996 crore, down 2.4 per cent (YoY), whereas EBITDA was at Rs 4,965 crore, down 38.2 per cent (YoY).
On a quarterly foundation, the corporate noticed a 29 per cent improve in PAT at Rs 661 crore, for the quarter ended March 31.
“As we step into FY25, we sit up for enchancment in purchasers’ spending, which fuels our optimism for a greater income efficiency forward,” stated Mohit Joshi, CEO and Managing Director, Tech Mahindra.
“FY24 posed its fair proportion of challenges for the IT providers sector; but, amid the worldwide financial uncertainties, we proceed to look at a notable push in the direction of digital adoption,” he added.
The corporate had a complete headcount of 145,455 in FY24, down 795 (on-quarter).
“We’re assured that our actions will result in regular earnings development within the coming years. We’ll proceed to deal with operational excellence and value financial savings to ship superior shareholder returns,” stated Rohit Anand, Chief Monetary Officer, Tech Mahindra.
