Tech Mahindra shares decline 2% after Q4 results; check key numbers, management commentary

Tech Mahindra’s consolidated net profit increased 76.51% year-on-year to ₹1,166.7 crore in the March quarter of FY25, compared to the ₹661 crore reported in the same quarter year-ago period.

During the quarter, the company’s revenue from operations stood at ₹13,384 crore, jumping 3.98% YoY from ₹12,871.3 crore in the corresponding period last year.

Tech Mahindra derived ₹11,327.6 crore in revenue from its IT segment in Q4FY25, growing 3.40% YoY from ₹10,954.8 crore in the fourth quarter of the 2023-24 fiscal year (Q4 FY24). The company clocked ₹2,056.4 crore from the business process services (BPS) segment, rising 7.30% YoY from ₹1,916.5 crore.

On Friday, shares of the firm were trading 1.92% lower at ₹1,417.50 apiece on the National Stock Exchange.

“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 and are a clear validation of the depth of our client partnerships," Tech Mahindra CEO and Managing Director Mohit Joshi said in a statement.

The company's board of directors also recommended a dividend of ₹30 per equity share with a face value of ₹5 each, i.e., 600% for Q4 FY25. This is subject to shareholder approval at the ensuing Annual General Meeting (AGM).

If the final dividend is approved, Tech Mahindra will make the dividend payment before August 15, 2025, to those shareholders whose names "appear as Members in the Register of Members" at the end of the business hours on Friday, July 4, 2025.

The final dividend recommended is in addition to the interim dividend of ₹15 per equity share on a face value of ₹5 each (300%) in November 2024. With this, the total dividend for FY25 will be ₹45 per equity share on a par value of ₹5 each at 900%.

The new deal wins were about 60% higher than those in the March 2024 quarter.

The company's board of directors also approved a merger by absorbing Zen3 Infosolutions Private Limited, Tech Mahindra Enterprise Services Limited and Begig Private Limited, a wholly owned subsidiary of Tech Mahindra, it said.

The appointed date for the scheme of merger is set as April 1, 2025.

“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 commitment to capital allocation policy," Tech Mahindra, Chief Financial Officer, Rohit Anand said.

Over the last five trading sessions, Tech Mahindra’s shares have gained over 6.5%, while since last month, it has declined 1.2%.

For a six-month period, since October 25, 2025, the stock has fallen over 16%. Year-to-date it has lost 15.5%.

Its market capitalisation stands at ₹1.41 lakh crore.

According to NSE data, shares of Tech Mahindra had touched a 52-week high on December 12, 2024, at ₹1,807.70 apiece, while it had hit its one-year low of ₹1,172.80 per share on April 25, 2024.