Profit before tax (PBT) stood at Rs.1,716.40 in Q3 of the fiscal year that ended in December 2020. This is 21.79% more than Q2 that ended in September 2020.
The earnings before interest, taxes, depreciation and amorisation (EBITDA) of the company grew by 11.3% in Q3 as compared to Q2 and the margins saw a quarter-on-quarter (QoQ) growth of 140 bps i.e. 19.6%.
The CFO (Chief Financial Officer) of Mahindra Tech, Manoj Bhat said in a statement that this is because they are structurally changing their model in terms of delivery. “We are seeing consistent improvement in our operating metrics and we are confident of continuing on this transformation journey in the coming quarters”, he said.
