Tech Mahindra Limited · NSE:TECHM
Tech Mahindra — Q3 FY25 Earnings Presentation
18 slides from Tech Mahindra's earnings presentation, December 2024
Slide 1: Earnings Presentation Q3 FY'25
+ > + > Earnings + + + + + + + + + + + + + + + + + + + + + + + + + + + > + > + > + + + + + + + + Presentation + + + + + + + + + + + + + + + + + + + Q3 FY’25 December 2024 Copyright © 2025 Tech Mahindra. All rights reserved. 1
Slide 2: Q3 FY25 Snapshot
Q3 FY25 Snapshot $ 1,567 Mn 7.4% $ 199 Mn Revenue PAT Margin Free Cash flow 10.2% $ 745 Mn EBIT Margin Net New Deal Wins + + + + + + > > + + + + Copyright © 2025 Tech Mahindra. All rights reserved. 2
Slide 3: Q3 FY25 Snapshot (YoY)
Q3 FY25 Snapshot All trends are YoY, except where specified FINANCIAL OPERATIONAL SEGMENT GEOGRAPHY Revenue Headcount Americas IT -0.4% 150,488 -1.0% -2.3% ( up 4,238) ( down 1.8% cc) (up 1.3% cc) (up 0.8% cc) EBIT % IT LTM attrition BPS Europe 10.2% 11.2% 2.9% -1.0% (up 480 bps) (up 90 bps) (up 3.7
Slide 4: Q3 FY25 Snapshot (QoQ)
Q3 FY25 Snapshot All trends are QoQ, except where specified FINANCIAL OPERATIONAL SEGMENT GEOGRAPHY Revenue Headcount Americas IT -1.3% 150,488 -1.0% -1.8% (down 3,785) ( down 1.3% cc) (1.2% cc) (up 1.6% cc) EBIT % IT LTM attrition BPS Europe 10.2% 11.2% -3.3% -3.0% (up 60 bps) (up 60 bps) (down 1.2
Slide 5: Vertical Performance Q3 FY25
Vertical Performance Q3 FY25 Banking, Financial Technology, Retail, Healthcare & VERTICALS Communications Manufacturing Services & Media & Transport Others Lifesciences Insurance Entertainment & Logistics % SHARE 32.5% 16.8% 16.1% 14.3% 8.0% 7.7% 4.6% % YoY -5.6% -7.2% 8.3% 3.5% -1.6% 2.0% 32.5% %Yo
Slide 6: Management Commentary
Management Commentary “We see an improved rate of deal wins in our key verticals and priortised markets. This coupled with consistent expansion in operating margins, despite cross-currency headwinds during the quarter, reaffirms that we are on track to achieve our long-term goals.” + + + + + + > > M
Slide 7: Deal-Win Performance
Deal-Win Performance Total TCV Q3 FY25: $ 745 Mn Won a new logo with one of the Selected by a large German Telco to Selected by a global leading Hi-Tech largest telecom operator in Europe, support their technology domains and Mobile company for end-to-end being a strategic partner, focused across Ne
Slide 8: Strategic Highlights: AI
Strategic Highlights: AI Solution Launches and Updates Launch of agentX Established Gen AI COE Launch of Indus 2.0 at Tech Mahindra launched Partnered with a global leader NVIDIA AI Summit agentX, a in industrial manufacturing to TechM announced AI Center Comprehensive Suite of establish a Gen AI CO
Slide 9: Strategic Highlights: Brand Awareness & Perception
Strategic Highlights: Brand Awareness & Perception Born’s banana Sahabat AI Makers Lab’s art to Indus 2.0 journey kicked off in Pininfarina’s partnership with NVIDIA & design, making Indosat waves around For the 9th consecutive year, Tech Mahindra was the the world presenting council at the CEO Coun
Slide 10: Other Highlights
Other Highlights NEW LAUNCHES, PARTNERSHIPS & COLLABORATIONS Tech Mahindra announced launch of Tech Mahindra announced the Tech Mahindra signed a multi-year TechM agentX—a comprehensive suite establishment of a Center of Excellence Strategic Collaboration Agreement of GenAI-powered solutions designe
Slide 11: ESG & People Highlights
ESG & People Highlights STRENGTH & ATTRITION AWARDS – Received Bombardier’s Diamond Supplier certification for the third time, recognising TechM’s outstanding operational performance, dedication to upholding high-quality standards, and innovative aerospace engineering services offered to Bombardier
Slide 12: Analyst Recognitions
Analyst Recognitions – Positioned as a Leader in Everest Group Quality Engineering (QE) Services for AI Applications and Systems PEAK Matrix® Assessment 2024. – Positioned as a Leader in Multi Public Cloud Services 2024-Consulting and Transformation Services — Midmarket-Nordics, Multi Public Cloud S
Slide 13: Management Commentary
Management Commentary “We delivered growth in EBIT margin and operating PAT, both on a sequential and year-on-year basis, resulting from our targeted actions under Project Fortius, along with steady increase in new deal wins, across prioritised verticals and markets. Our continued focus on optimisin
Slide 14: Financial Snapshot Q3 FY25
Financial Snapshot Q3 FY25 REVENUE ($ Mn) GROSS PROFIT ($ Mn) EBIT ($ Mn) PAT ($ Mn) 149 / 105* 1,573 1,589 1,567 444 451 153 159 116 377 84 61 Q3'24 Q2'25 Q3'25 Q3'24 Q2'25 Q3'25 Q3'24 Q2'25 Q3'25 Q3'24 Q2'25 Q3'25 DILUTED EPS (Rs) FCF ($ Mn) CASH & EQUIVALENTS ROCE % ($ Mn) 14.1 25.8% / 19.4%* 228
Slide 15: Operational Snapshot Q3 FY25
Operational Snapshot Q3 FY25 HEADCOUNT UTILIZATION IT ATTRITION (LTM) HEADCOUNT MIX (including trainees) (Onsite) 154,273 150,488 146,250 87.6% 86.3% 85.6% 26.1% 10.3% 10.6% 11.2% 23.7% 22.7% Q3'24 Q2'25 Q3'25 Q3'24 Q2'25 Q3'25 Q3'24 Q2'25 Q3'25 Q3'24 Q2'25 Q3'25 ACTIVE CLIENTS TOP 10 CLIENTS 50 Mn+
Slide 16: Other Financial Highlights
Other Financial Highlights CASH CONVERSION TREASURY OTHERS Hedge book $ 2.1 Bn Tax rate 23.8% Free cash flow $199 M DSO 88 days USD/INR average exchange rate 84.73 + + + + + + > > + + + + Copyright © 2025 Tech Mahindra. All rights reserved. 16
Slide 17: Financial Summary Q3 FY25
Financial Summary Q3 FY25 in $ Mn Q3FY’25 QoQ YoY Revenue 1,567 -1.3% -0.4% EBIT 159 4.0% 88.1% EBIT % 10.2% Other Income 2 -96.9% -81.8% + + Miscellaneous + Interest Income 13 > > Exchange Gain / (Loss) (11) + + Operational Profit Before Tax 153 1.4% 87.2% Provision for tax 36 Operational Profit Af
Slide 18: Company Confidential Copyright © 2025 Tech | Mahindra.
Company Confidential Copyright © 2025 Tech|Mahindra. CopyrightAll © 2024 rightsTech reserved. Mahindra. All rights reserved. 18 18