Time period given by analyst is one year when Tech Mahindra Ltd. price can reach defined target.
Tech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 135697.18 Crore) operating in IT Software sector.
Tech Mahindra Ltd. key Products/Revenue Segments include Software Services for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 10484.90 Crore, up 7.40 % from last quarter Total Income of Rs 9762.50 Crore and up 10.11 % from last year same quarter Total Income of Rs 9522.40 Crore. Company reported net profit after tax of Rs 1365.70 Crore in latest quarter.
Investment Rationale
Tech Mahindra is expected to witness 4.8% QoQ growth in CC revenues. In addition, due to rupee depreciation, rupee revenues are expected to grow 5.1% QoQ. The brokerage expects EBIT margin to be flattish QoQ to 15.2% despite higher employee cost due to operational efficiencies. PAT is expected to improve 3.3% QoQ due to lower tax and higher other income. Investor interest: Outlook on margin, large deals and incremental order flow from 5G services
Promoter/FII Holdings
Promoters held 35.7 per cent stake in the company as of June 30, 2021, while FIIs held 36.2 per cent, DIIs 16.7 per cent and public and others 11.4 per cent.
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