Tech Mahindra Q4 Review - Margins Steady, Healthy Order Book: ICICI Direct
Tech Mahindra campus in Hyderabad. (Photographer: Dhiraj Singh/Bloomberg)

Tech Mahindra Q4 Review - Margins Steady, Healthy Order Book: ICICI Direct


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Tech Mahindra Ltd.’s revenues increased 0.7% QoQ in constant currency terms mainly led by 1.1% QoQ growth in enterprise revenues.

The company also reported Ebitda margins improvement of 45 basis points QoQ to 20%.

The order book increased from $455 million to $1043 million, mainly led by robust growth in enterprise and communication segment.

The company aspires to have double digit revenue growth in FY22E based on deal wins and Ebit margins at 15%.

Click on the attachment to read the full report:

ICICI Direct Tech Mahindra Q4FY21 Result Review.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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