Tech Mahindra (TECHM) Q4 FY24 Results Preview: Pune-headquartered Tech Mahindra, the country's sixth largest IT firm by market value, is all set to report its financial results for the quarter as well as the year ended March 31 on Thursday, April 25. Analysts expect the IT company to stage an operationally strong financial performance for the fourth and final quarter of FY24. 

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According to Zee Business research, Tech Mahindra is likely to register a consolidated net profit of Rs 690 crore for the January-March period, which translates into a quarter-on-quarter increase of 35.3 per cent. The analysts estimate the IT firm's fourth-quarter revenue at Rs 12,900 crore or $1,552 million, down 1.5 per cent and 1.3 per cent sequentially, respectively. 

Tech Mahindra is estimated to register March-quarter earnings before interest and taxes (EBIT) of Rs 940 crore as against Rs 703 crore for the October-December period, marking an increase of 33.7 per cent, according to the research. 

Zee Business analysts peg Tech Mahindra's margin for the March quarter at 7.3 per cent as against 5.4 per cent for the previous three months.

Tech Mahindra Q4 earnings: What to track

Analysts say the following aspects will be closely watched in Tech Mahindra's upcoming earnings report: 

  • Margin and growth outlook for the communications, media & entertainment (CME) vertical 
  • New strategic initiatives

(This story will be updated shortly)

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