- Tech Mahindra reported a 4th quarter net income of 11.67 billion rupees, surpassing the estimated 10.88 billion rupees.
- The company’s revenue reached 133.84 billion rupees, slightly below the expected 134.59 billion rupees.
- Employee attrition rate stood at 12%.
- Total number of employees was 148,731, lower than the estimated 152,879.
- IT utilization rate, excluding trainees, was 86%, higher than the anticipated 85.3%.
- A dividend of 30 rupees per share was declared.
- Analyst ratings included 22 buy recommendations, 11 holds, and 13 sells.
A look at Tech Mahindra Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Tech Mahindra shows a positive long-term outlook. The company scores high in Dividend with a rating of 5, indicating a strong dividend performance. Additionally, Tech Mahindra demonstrates resilience with a score of 4, suggesting its ability to withstand market challenges. While the company’s Value and Growth scores stand at 3 each, indicating moderate performance in these areas, its Momentum score also sits at 3, showing steady movement in the market.
Tech Mahindra Ltd., specializing in computer software development and marketing, caters to a diverse client base including telecommunications equipment manufacturers, service providers, and software vendors. The company’s focus on providing software solutions for the telecom industry positions it as a key player in the technology sector. With strong dividend performance and demonstrated resilience, Tech Mahindra presents itself as a company with potential for long-term growth and stability.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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