Slide 1: Earnings Presentation Q4 FY'25
+ > + > Earnings + + + + + + + + + + + + + + + + + + + + + + + + + + + > + > + > + + + + + + + + Presentation + + + + + + + + + + + + + + + + + + + Q4 FY’25 March 2025 Copyright © 2025 Tech Mahindra. All rights reserved. 1
Slide 2: Q4 FY25 Snapshot
Q4 FY25 Snapshot $ 1,549 Mn 8.7% $ 150 Mn Revenue PAT Margin Free Cash flow 10.5% $ 798 Mn EBIT Margin Net New Deal Wins + + + + + + > > + + + + Copyright © 2025 Tech Mahindra. All rights reserved. 2
Slide 3: Q4 FY25 Snapshot (YoY)
Q4 FY25 Snapshot All trends are YoY, except where specified FINANCIAL OPERATIONAL SEGMENT GEOGRAPHY Revenue Headcount Americas IT 0.0% 148,731 1.1% -4.7% ( up 3,276) (up 0.3% cc) EBIT % IT LTM attrition BPS Europe 10.5% 11.8% -5.5% 5.1% (up 310 bps) (up 180 bps) Utilisation PAT % ROW (incl. trainees
Slide 4: Q4 FY25 Snapshot (QoQ)
Q4 FY25 Snapshot All trends are QoQ, except where specified FINANCIAL OPERATIONAL SEGMENT GEOGRAPHY Revenue Headcount Americas IT -1.2% 148,731 -0.3% -5.9% (down 1,757) (-1.5% cc) EBIT % IT LTM attrition BPS Europe 10.5% 11.8% -5.8% 6.3% (up 40 bps) (up 60 bps) PAT % Utilisation ROW 8.7% (incl. trai
Slide 5: FY25 Snapshot
FY25 Snapshot $ 6,264 Mn 8.0% $ 613 Mn Revenue PAT Margin Free Cash flow 9.7% $ 2.7 Bn EBIT Margin Net New Deal Wins + + + + + + > > + + + + Copyright © 2025 Tech Mahindra. All rights reserved. 5
Slide 6: FY25 Snapshot
FY25 Snapshot All trends are YoY FINANCIAL OPERATIONAL SEGMENT GEOGRAPHY Revenue Headcount Americas IT -0.2% 148,731 -0.3% -2.4% (up 3,276) (up 0.3% cc) EBIT % IT LTM attrition BPS Europe 9.7% 11.8% 0.2% 0.1% (up 360 bps) (up 180 bps) Utilisation PAT % ROW (incl. trainees) 8.0% 86.1% 4.1% (up 350 bp
Slide 7: Vertical Performance Q4 FY25 and FY25
Vertical Performance Q4 FY25 Banking, Financial Technology, Retail, Healthcare & VERTICALS Communications Manufacturing Services & Media & Transport Others Lifesciences Insurance Entertainment & Logistics % SHARE 33.2% 17.0% 16.7% 13.2% 8.1% 7.3% 4.5% % YoY -2.2% -5.5% 6.0% -4.1% 10.3% 2.3% 12.3% %Q
Slide 8: Management Commentary
Management Commentary This year, we laid a strong foundation for our transformation journey. Through strategic investments in our people, leadership, and capabilities, we have positioned ourselves to accelerate our strategic roadmap. Our deal wins at $2.7 billion, reflect a 42% year-on-year increase
Slide 9: Deal-Win Performance
Deal-Win Performance Total TCV Q4 FY25: $ 798 Mn Signed a lab asset takeover deal with a Secured a milestone deal in the Compute Selected by a global leader in enterprise Tier-1 Telco in US. Deal positions us as one Infrastructure space with a leading US- apps to provide managed TechOps services of
Slide 10: Strategic Highlights: AI
Strategic Highlights: AI Solution Launches and Updates Strategic Collaboration Tech Mahindra and NVIDIA Drive Enterprise AI Innovation Tech Mahindra Bridges India's NVIDIA & Tech Mahindra: Collaborate to Advance Drug Tech Mahindra Integrates IndusQ Language Gap with AI - Pioneering the Future of Saf
Slide 11: Strategic Highlights: Brand Awareness & Perception
Strategic Highlights: Brand Awareness & Perception The 2025 World Economic Forum is Opening of Inauguration of Inauguration of Inauguration of historic in Americas new APJ BPS’s newest Manufacturing Tech Mahindra's story as Headquarters in corporate office office in Mumbai Xperience Center we unveil
Slide 12: Other Highlights
Other Highlights NEW LAUNCHES, PARTNERSHIPS & COLLABORATIONS Tech Mahindra announced the launch of Tech Mahindra inaugurated an advanced Tech Mahindra built a pharmacovigilance its ‘TechM Consulting’ service line. The Manufacturing Xperience Centre at its (PV) autonomous solution with NVIDIA AI serv
Slide 13: Other Highlights
Other Highlights NEW LAUNCHES, PARTNERSHIPS & COLLABORATIONS Rakuten Symphony signed MoUs with Tech Tech Mahindra secured the first-ever Tech Mahindra, Optus, Microsoft and Mahindra, Cisco Systems and Airspan licensing agreement for Cricket Wireless, an Databricks partnered to implement a Networks,
Slide 14: Awards & People Highlights
Awards & People Highlights STRENGTH & ATTRITION AWARDS – Received the Guidewire PartnerConnect Cloud Ready - AMER specialisation and the PartnerConnect BillingCenter, ClaimCenter, and PolicyCenter - APAC specialisations. – Achieved formal validation for Net-Zero targets by the Science Based Targets
Slide 15: Analyst Recognitions
Analyst Recognitions – Leader in SAP Ecosystem Partners 2025 -SAP S4HANA System Transformation - Large Accounts - (Germany & APAC), Managed Cloud Services for SAP ERP (APAC), SAP Application Managed Services (US, UK and Brazil), RISE with SAP Implementation Partners (Global), SAP SuccessFactors HXM
Slide 16: Management Commentary
Management Commentary This year, we delivered operational excellence by achieving a 60% increase in operating profit through strong execution, operational leverage and cost management. We raised our dividend per share by 12.5% and returned 85% of our free cash flow to shareholders, reflecting our co
Slide 17: Financial Snapshot Q4 FY25
Financial Snapshot Q4 FY25 REVENUE ($ Mn) GROSS PROFIT ($ Mn) EBIT ($ Mn) PAT ($ Mn) 1,567 452 452 136 1,548 1,549 418 159 163 116 114 79 Q4'24 Q3'25 Q4'25 Q4'24 Q3'25 Q4'25 Q4'24 Q3'25 Q4'25 Q4'24 Q3'25 Q4'25 DILUTED EPS (Rs) FCF ($ Mn) CASH & EQUIVALENTS ROCE % ($ Mn) 22.6% 13.2 20.2% 11.1 199 949
Slide 18: Operational Snapshot Q4 FY25
Operational Snapshot Q4 FY25 HEADCOUNT UTILISATION IT ATTRITION (LTM) HEADCOUNT MIX (including trainees) (Onsite) 151,358 148,731 145,455 86.4% 85.6% 86.3% 11.2% 11.8% 10.0% 25.2% 22.7% 22.1% Q4'24 Q3'25 Q4'25 Q4'24 Q3'25 Q4'25 Q4'24 Q3'25 Q4'25 Q4'24 Q3'25 Q4'25 ACTIVE CLIENTS TOP 10 CLIENTS 50 Mn+
Slide 19: Financial Snapshot FY25
Financial Snapshot FY25 REVENUE ($ Mn) GROSS PROFIT ($ Mn) EBIT ($ Mn) PAT ($ Mn) 6,277 6,264 1,761 502 1,555 607 380 284 FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25 DILUTED EPS (Rs) FCF ($ Mn) CASH & EQUIVALENTS ROCE % ($ Mn) 47.9 676 21.3% 613 949 896 26.6 12.5% FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25
Slide 20: Operational Snapshot FY25
Operational Snapshot FY25 HEADCOUNT UTILISATION IT ATTRITION (LTM) HEADCOUNT MIX (including trainees) (Onsite) 145,455 148,731 86.4% 26.2% 86.1% 11.8% 10.0% 23.3% FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25 ACTIVE CLIENTS TOP 10 CLIENTS 50 Mn+ CLIENTS DSO 26.6% 1,172 1,162 24.5% 25 92 88 23 FY24 FY25 FY
Slide 21: Other Financial Highlights
Other Financial Highlights CASH CONVERSION TREASURY OTHERS Q4’25 Free cash flow $150 M Hedge book $ 2.0 Bn Q4’25 Tax rate 22.0% FY25 Free cash flow $613 M FY25 Tax rate 24.8% Final Dividend @ Rs. 30 per share Q4’25 USD/INR average exchange rate 86.53 Dividend for the year @ Rs. 45 per share + + + +
Slide 22: Financial Summary Q4 FY25
Financial Summary Q4 FY25 in $ Mn Q4FY25 QoQ YoY Revenue 1,549 -1.2% 0.0% EBIT 163 2.8% 43.6% EBIT % 10.5% Other Income 20 940.8% -55.5% + + Miscellaneous + Interest Income 24 > > Exchange Gain / (Loss) (4) + + Profit Before Tax 170 11.4% 47.6% Provision for tax 37 Profit After Tax 136 17.3% 70.8% P
Slide 23: Financial Summary FY25
Financial Summary FY25 in $ Mn FY25 YoY Revenue 6,264 -0.2% EBIT 607 60.0% EBIT % 9.7% Other Income 101 -8.2% + + Miscellaneous + Interest Income 130 > > Exchange Gain / (Loss) (28) + + Profit Before Tax 668 71.8% Provision for tax 166 Profit After Tax 502 76.7% PAT % 8.0% EPS (Basic) in Rs 48.00 EP
Slide 24: Company Confidential Copyright © 2025 Tech | Mahindra.
Company Confidential Copyright © 2025 Tech|Mahindra. CopyrightAll © 2024 rightsTech reserved. Mahindra. All rights reserved. 24 24