The IT company of the Mahindra Group Tech Mahindra’s attrition rate rises to 11.2% in Q3 FY25, up 90 basis points year-on-year.
The company’s headcount was 150,488 in Q3 FY25 Vs 146,250 in Q3 FY24, up 4,238 on year. In the previous quarter of FY25, the headcount was 154,273.
The utilisation rate stands at 85.6% in Q3 FY25 compared to 86.3% in Q2 FY25.
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The company’s revenue grew by 1.3% on year in constant currency terms. Sequentially, it grew 1.2%.
Tech Mahindra reported a net profit of Rs 983.2 crore in Q3 FY25, recording a jump of 92.63% in comparison to Rs 510.4 crore during the correspondent quarter of the previous financial year. It posted a revenue from operations of Rs 13,285.60 crore, up 1.41% as against Rs 13,101.30 crore during the third quarter of FY24. The company’s EBIT stood at Rs 1350 crore.
“We see an improved rate of deal wins in our key verticals and prioritised markets. This coupled with consistent expansion in operating margins, despite cross-currency headwinds during the quarter, reaffirms that we are on track to achieve our long-term goals,” said Mohit Joshi, Chief Executive Officer at Tech Mahindra.
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