Tech Mahindra Financials - Balance Sheet, Income Statment, Cash Flow

Quarterly Statement	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	13,309	13,557	13,570	14,035	14,372
Expenses	11,477	11,545	11,416	11,830	12,300
Operating Profit	1,809	1,839	1,935	2,165	2,093
Operating Profit Margin %	14%	14%	14%	15%	15%
Other Income	23	173	219	40	-21
EBITDA	1,832	2,012	2,154	2,205	2,072
Interest	76	85	78	77	94
Depreciation	459	462	458	469	474
Profit Before Tax	1,297	1,464	1,618	1,659	1,505
Tax %	24%	22%	30%	28%	26%
Net Profit	989	1,142	1,129	1,202	1,119
EPS	11	13	13	13	13

Yearly Balance Sheet	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Share Capital	437	439	440	441	442
Reserve & Surplus	24,423	26,446	27,483	26,227	26,919
Minority Interest	380	495	470	477	430
Non Current Liabilities	4,156	4,985	4,438	3,660	4,029
Current Liabilities	10,278	12,505	13,321	12,617	12,674
Total Liabilities	39,678	44,871	46,153	43,424	44,495
Fixed Assets	9,019	14,784	14,932	13,903	13,982
Capital Work in Progress	118	165	120	133	21
Investments	10,238	4,884	3,388	3,238	3,182
Other Assets	20,304	25,038	27,714	26,150	27,310
Total Assets	39,678	44,871	46,153	43,424	44,495

Yearly Cash Flow	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Operating Activities	8,094	5,285	5,572	6,376	5,786
Investing Activities	-5,433	480	-227	-1,318	20
Financing Activities	-2,987	-4,667	-5,078	-4,767	-5,834
Net Cash Flow	-326	1,099	267	291	-29

Financial Year	Revenue	Revenue Growth	Net Profit	Profit Growth
FY 2024-25	45,950	4.49%	3,506	69.89%
FY 2023-24	43,769	0.1%	2,064	-45.37%
FY 2022-23	43,786	19.28%	3,778	-24.8%
FY 2021-22	37,208	20.65%	5,023	18.5%
FY 2020-21	30,563	1.42%	4,239	-6.51%

*All securities mentioned on this website are exemplary and not recommendatory.

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We are bullish on India, we are bullish on India's prospects to be one of the largest economies in the world. We believe that the stock market provides a unique opportunity for all of India's traders and investors to participate in the growth story of the country.

Yet, most investing & trading platforms in India have remained more or less the same over the past decade. Times have changed and retail traders and investors have become smarter about managing their trades and money. Modern traders & investors require an online trading platform that helps them keep up with the technological advancements of our time.

That's why we're building Dhan - to help you trade, to help you invest, and to help you participate in India's growth stock via the stock market with awesome features and an incredible experience.

We are doing so by giving you access to not just one but 6 products within the Dhan ecosystem:

Dhan App: The only online trading app you need for buying and selling equity, futures, options, commodity, and currency.
Dhan Web: Trade on the big screen across segments with our web trading platform.
Options Trader App: A dedicated option trading app built for India's F&O traders.
Options Trader Web: Love big screens and F&O trading? Use our web option trading platform.
Dhan + TradingView: The magic of Tradingview charts for free with the Lightning-Fast experience of Dhan on tv.dhan.co.
Connect to TradingView: Our Tradingview broker integration allows you to trade in Stocks, Futures, and Commodities directly from tradingview.com via Dhan.

This means that with Dhan, you'll be able to start:

Lakhs of users already trust Dhan for their online stock trading and investing needs. Dhan is growing rapidly because of the love we receive from SuperTraders and Long-Term Investors who acknowledge that the platform is innovating for them, building super useful features that help them do everything from investing in stock market to trading F&O like a pro on the Tradingview charts and much more.

While we are growing, we will always remember why we started building in the first place - you. Our user-first approach will always be at the heart of our philosophy. Come join us on this incredible journey!

Try it out, you can close your account at anytime using this link.

SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016 | SEBI Research Analyst Registration No: INH000023357
Exchange Membership No. : NSE: 90133 | BSE: 6593 | MCX: 56320
Registered & Corporate Office: Unit No. 2201, 22nd Floor, Gold Medal Avenue, S.V. Road, Beside Patel Petrol Pump, Piramal Nagar, Goregaon West, Mumbai – 400104, Customer Care: 9987761000.

Details of client bank account

For any query / feedback / clarifications, email at help@dhan.co.

In case of grievances for any of the services rendered by Raise Securities Private Limited, please write to grievance@dhan.co (for NSE, BSE and MCX) or grievancedp@dhan.co (for Depository Participant). Please ensure that you carefully read the Risk Disclosure Document as prescribed by SEBI, our Terms of Use and Privacy Policy. Compliance Officer: Mr. Manish Garg and Mobile: 8655740961 Email: complianceofficer@dhan.co To lodge your complaints using SEBI SCORES, click here.

Disclaimer: All communications with the client via chat, phone, or email are for support purposes only. Any commitments or statements made by the agent (human or virtual) shall not be binding on the company.

DHAN is a brand owned by Raise Securities Private Limited. All DHAN clients are registered under Raise Securities Private Limited. Clients are advised to refer to our company as Raise Securities Private Limited when communicating with regulatory authorities.

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Attention investors:

Stock brokers can accept securities as margins from clients only by way of pledge in the depository system w.e.f September 01, 2020.
Update your e-mail and phone number with your stock broker / depository participant and receive OTP directly from depository on your e-mail and/or mobile number to create pledge.
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Raise Securities Private Limited also known as Dhan is only an order collection platform that collects orders on behalf of clients and places them on BSE StarMF for execution. Client expressly agrees that Dhan is not liable or responsible and does not represent or warrant any damages regarding non- execution of orders or any incorrect execution of orders with regard to the funds chosen by the client or due to, but not being limited to, any link/system failure, delay in transfer of the funds on account of any unforeseen circumstances/issues in the banking system/payment aggregators or any other problems that may result in a delay in crediting the funds into the BSE Star MF's bank account. Raise Securities Private Limited (Dhan) does not engage in proprietary trading on its own account.

Mutual fund investments are subject to market risks, read all scheme related documents carefully before investing. Dhan is not a distributor or agent of any mutual fund. Mutual Funds are not exchange-traded products. Any related disputes will not have access to the Exchange-investor redressal forum or arbitration mechanism. For other disclaimers please refer https://dhan.co/advertisement-disclaimer/

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Tech Mahindra

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