Income Statement

528.4B

Revenue

37.3B

Operating Income

28.1B

Net Income

Revenue	528.4B INR
Cost of Revenue	-68.8B INR
Gross Profit	459.6B INR
Operating Expenses	-422.3B INR
Operating Income	37.3B INR
Other Expenses	-9.2B INR
Net Income	28.1B INR

Currency: INR

	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023
Revenue
Revenue	156 805 N/A	188 314 +20%	198 497 +5%	207 095 +4%	215 626 +4%	226 213 +5%	237 936 +5%	247 778 +4%	257 272 +4%	264 942 +3%	271 212 +2%	276 731 +2%	285 295 +3%	291 408 +2%	295 560 +1%	299 950 +1%	302 135 +1%	307 729 +2%	317 132 +3%	327 367 +3%	339 044 +4%	347 421 +2%	351 189 +1%	355 589 +1%	362 698 +2%	368 677 +2%	373 210 +1%	376 229 +1%	376 154 0%	378 551 +1%	389 464 +3%	404 559 +4%	422 596 +4%	446 460 +6%	471 563 +6%	494 045 +5%	516 883 +5%	532 902 +3%	537 413 +1%	534 757 0%	528 424 -1%
Gross Profit
Cost of Revenue	(13 852)	(18 602)	(19 902)	(23 105)	(25 647)	(29 852)	(31 593)	(33 662)	(35 194)	(37 415)	(35 310)	(35 002)	(34 804)	(37 991)	(36 482)	(37 110)	(37 943)	(40 827)	(39 494)	(41 276)	(42 397)	(45 489)	(45 990)	(48 523)	(53 389)	(56 461)	(55 372)	(53 903)	(50 134)	(51 147)	(51 674)	(56 128)	(62 873)	(70 970)	(75 136)	(78 710)	(79 709)	(81 755)	(77 770)	(73 445)	(68 798)
Gross Profit	142 953 N/A	169 712 +19%	178 595 +5%	183 990 +3%	189 980 +3%	196 361 +3%	206 345 +5%	214 118 +4%	222 080 +4%	227 527 +2%	235 902 +4%	241 730 +2%	250 492 +4%	253 417 +1%	259 079 +2%	262 840 +1%	264 191 +1%	266 902 +1%	277 636 +4%	286 088 +3%	296 645 +4%	301 932 +2%	305 198 +1%	307 066 +1%	309 309 +1%	312 216 +1%	317 838 +2%	322 326 +1%	326 020 +1%	327 404 +0%	337 790 +3%	348 431 +3%	359 723 +3%	375 490 +4%	396 427 +6%	415 335 +5%	437 174 +5%	451 147 +3%	459 643 +2%	461 312 +0%	459 626 0%
Operating Income
Operating Expenses	(112 421)	(132 966)	(140 458)	(145 631)	(152 528)	(160 396)	(171 002)	(179 985)	(188 653)	(192 341)	(199 840)	(206 314)	(215 244)	(221 003)	(228 409)	(232 021)	(232 854)	(229 991)	(237 509)	(241 122)	(247 192)	(249 368)	(253 954)	(257 471)	(262 319)	(268 831)	(275 790)	(278 559)	(278 667)	(272 971)	(277 617)	(285 049)	(295 240)	(309 985)	(332 850)	(353 356)	(375 715)	(390 073)	(404 042)	(414 569)	(422 312)
Selling, General & Administrative	(87 819)	(127 518)	(111 354)	(116 741)	(121 500)	(154 096)	(134 771)	(134 861)	(138 269)	(184 422)	(139 194)	(146 422)	(150 846)	(210 721)	(158 873)	(161 901)	(164 710)	(218 763)	(169 427)	(170 408)	(173 461)	(237 352)	(176 293)	(180 319)	(183 042)	(253 484)	(191 142)	(192 364)	(194 147)	(255 773)	(196 538)	(202 424)	(209 338)	(293 601)	(236 746)	(251 532)	(265 476)	(367 675)	(283 092)	(287 163)	(290 711)
Depreciation & Amortization	(4 386)	(5 222)	(5 540)	(5 777)	(5 822)	(6 038)	(6 345)	(6 851)	(7 137)	(7 498)	(7 884)	(8 367)	(9 120)	(9 668)	(10 231)	(10 436)	(10 698)	(10 639)	(11 190)	(11 481)	(11 575)	(11 097)	(11 697)	(12 168)	(13 180)	(14 268)	(15 077)	(15 379)	(15 115)	(14 444)	(14 056)	(13 769)	(13 806)	(15 110)	(16 660)	(18 147)	(19 507)	(19 518)	(19 266)	(19 006)	(18 459)
Other Operating Expenses	(20 215)	(226)	(23 564)	(23 113)	(25 205)	(262)	(29 884)	(38 272)	(43 247)	(421)	(52 762)	(51 526)	(55 279)	(614)	(59 305)	(59 683)	(57 444)	(589)	(56 891)	(59 232)	(62 156)	(919)	(65 964)	(64 984)	(66 097)	(1 079)	(69 571)	(70 816)	(69 405)	(2 754)	(67 023)	(68 856)	(72 096)	(1 274)	(79 444)	(83 677)	(90 732)	(2 880)	(101 684)	(108 400)	(113 142)
Operating Income	30 533 N/A	36 746 +20%	38 138 +4%	38 360 +1%	37 452 -2%	35 965 -4%	35 341 -2%	34 132 -3%	33 426 -2%	35 186 +5%	36 064 +2%	35 416 -2%	35 248 0%	32 414 -8%	30 669 -5%	30 819 +0%	31 338 +2%	36 911 +18%	40 128 +9%	44 967 +12%	49 453 +10%	52 564 +6%	51 244 -3%	49 595 -3%	46 990 -5%	43 385 -8%	42 048 -3%	43 767 +4%	47 353 +8%	54 433 +15%	60 173 +11%	63 382 +5%	64 483 +2%	65 505 +2%	63 577 -3%	61 979 -3%	61 459 -1%	61 074 -1%	55 601 -9%	46 743 -16%	37 314 -20%
Pre-Tax Income
Interest Income Expense	(1 710)	(281)	(3 843)	(4 050)	(2 893)	(602)	(2 407)	(2 074)	(1 964)	2 398	(827)	65	1 006	5 134	2 016	1 113	215	9 975	(1 679)	(1 813)	(1 962)	2 835	(2 096)	(1 955)	(2 010)	6 078	(1 944)	(1 959)	(1 830)	4 237	(1 609)	(1 576)	(1 506)	7 734	(1 615)	(2 196)	(3 069)	1 883	(4 265)	(4 382)	(4 280)
Non-Reccuring Items	1 200	957	0	0	0	0	0	0	0	0	0	0	0	(99)	0	0	0	(98)	0	0	0	0	0	0	0	(687)	(2 175)	(2 175)	(2 175)	223	(507)	(507)	0	0	0	(244)	(244)	(2 370)	(2 370)	(3 621)	(3 621)
Gain/Loss on Disposition of Assets	0	113	0	0	0	(9)	0	0	0	109	0	0	0	36	0	0	0	1 564	0	0	0	154	0	0	0	80	0	0	0	14	0	0	0	63	0	0	0	42	0	0	0
Total Other Income	2 471	612	3 175	3 624	3 213	827	2 970	3 062	3 272	874	5 398	4 740	4 632	1 045	6 028	8 726	10 328	436	11 175	9 704	8 257	(121)	7 641	8 053	10 743	1 722	12 672	11 684	10 397	622	6 583	8 229	8 251	1 219	9 471	9 552	9 793	3 826	10 346	10 086	8 489
Pre-Tax Income	32 496 N/A	38 147 +17%	37 470 -2%	37 934 +1%	37 771 0%	36 181 -4%	35 903 -1%	35 119 -2%	34 733 -1%	38 567 +11%	40 633 +5%	40 219 -1%	40 884 +2%	38 530 -6%	38 713 +0%	40 659 +5%	41 883 +3%	48 788 +16%	49 624 +2%	52 858 +7%	55 750 +5%	55 432 -1%	56 790 +2%	55 693 -2%	55 723 +0%	50 578 -9%	50 601 +0%	51 317 +1%	53 745 +5%	59 529 +11%	64 640 +9%	69 528 +8%	71 228 +2%	74 521 +5%	71 433 -4%	69 091 -3%	67 939 -2%	64 455 -5%	59 312 -8%	48 826 -18%	37 902 -22%
Net Income
Tax Provision	(6 144)	(7 523)	(7 504)	(7 595)	(9 842)	(9 595)	(9 429)	(8 403)	(8 221)	(8 301)	(8 627)	(9 582)	(9 393)	(10 021)	(10 251)	(10 238)	(10 667)	(10 926)	(10 684)	(11 751)	(11 819)	(12 544)	(13 405)	(11 756)	(12 747)	(11 604)	(11 562)	(12 759)	(13 393)	(15 999)	(17 009)	(19 119)	(19 938)	(18 220)	(17 314)	(15 389)	(15 166)	(15 885)	(15 181)	(12 634)	(9 326)
Income from Continuing Operations	26 352	30 624	29 967	30 340	27 930	26 586	26 474	26 716	26 512	30 266	32 006	30 637	31 491	28 509	28 462	30 421	31 216	37 862	38 940	41 106	43 930	42 888	43 384	43 937	42 976	38 974	39 039	38 558	40 352	43 530	47 631	50 409	51 290	56 301	54 119	53 702	52 773	48 570	44 131	36 192	28 576
Income to Minority Interest	(370)	(336)	(236)	(312)	(232)	(310)	(280)	(242)	(294)	(337)	(810)	(755)	(561)	(380)	152	108	184	136	52	167	(59)	88	206	249	640	1 356	1 421	1 309	1 154	750	458	421	127	(640)	(674)	(790)	(580)	(257)	(209)	(185)	(431)
Equity Earnings Affiliates	1 365	0	0	0	0	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income (Common)	27 918 N/A	30 288 +8%	29 731 -2%	29 743 +0%	27 698 -7%	26 277 -5%	26 195 0%	26 761 +2%	26 220 -2%	29 929 +14%	31 197 +4%	29 882 -4%	30 930 +4%	28 129 -9%	28 614 +2%	30 529 +7%	31 400 +3%	37 998 +21%	38 992 +3%	41 273 +6%	43 871 +6%	42 976 -2%	43 590 +1%	44 186 +1%	43 616 -1%	40 330 -8%	40 460 +0%	39 867 -1%	41 506 +4%	44 280 +7%	48 089 +9%	50 830 +6%	51 417 +1%	55 661 +8%	53 445 -4%	52 912 -1%	52 193 -1%	48 313 -7%	43 922 -9%	36 007 -18%	28 145 -22%
EPS (Diluted)	29.32 N/A	31.7 +8%	30.84 -3%	29.36 -5%	28.17 -4%	26.74 -5%	29.53 +10%	29.76 +1%	29.52 -1%	33.71 +14%	35.12 +4%	33.61 -4%	34.81 +4%	31.65 -9%	32.18 +2%	34.3 +7%	35.31 +3%	42.66 +21%	43.71 +2%	46.27 +6%	49.08 +6%	47.69 -3%	50.1 +5%	50.26 +0%	49.62 -1%	45.82 -8%	46.08 +1%	45.34 -2%	47.11 +4%	50.19 +7%	54.46 +9%	57.5 +6%	58.09 +1%	62.81 +8%	60.38 -4%	59.78 -1%	58.9 -1%	54.54 -7%	49.58 -9%	40.6 -18%	31.75 -22%

Income Statement Balance Sheet Cash Flow Statement

Tech Mahindra Ltd
NSE:TECHM

Income Statement

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Tech Mahindra Ltd

Income Statement
Tech Mahindra Ltd

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