Tech Mahindra — Earnings Release 2021

Apr 27, 2021

Tech B . aMahindra oe NES LS

Pune 411004, Maharashtra, India

Tel. +97 20 6601 8100 Fax. +91 20 254e 4466

techmahindra.com connect@techmahindra.com

Registered Office: Gateway Building, Apollo Bunder Mumbai 400 001, India

CIN L64200MH1 S86PLC041370

27" April, 2021

To, Phiroze Jeejeebhoy Towers, Exchange Plaza, 5" floor, Dalal Street, Plot No. — C/1, G Block, Scrip Code : 532755 Mumbai — 400 051

BSE Limited National Stock Exchange of India Limited Mumbai — 400 001 Bandra-Kurla Complex, Bandra (E) NSE Symbol : TECHM

Subject: Newspaper Advertisement - Disclosure under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")

Dear Sir/Madam,

In terms of Regulation 47 of SEBI Listing Regulations, please find enclosed copies of newspaper advertisement published today, ie. 27" April, 2021 in Business Standard (in English) and Maharashtra Times (in Marathi), regarding Extract of Consolidated Audited Financial Results of the Company and its subsidiaries for the quarter and year ended 31% March, 2021.

The above information is also available on the website of the Company www.techmahindra.com

This is for your information and records.

Thanking you,

For Tech Mahindra Limited

; ak Anil hatri Company Secretary

Encl: as above

Tech Mahindra Limited Extract of Consolidated Audited Financial Results of

Tech Mahindra Limited and its subsidiaries for the quarter and year ended March 31, 2021

Tech Mahindra

Profit after tax for the quarter at Rs. 10814 Million up 34.5% over previous year

	Business Standard		tuespay,13
		mumeai	27 aprit202
Tech	MahindraLimited		Tech
Extract of	ConsolidatedAudited Financial Results of			Mahindra
	Tech Mahindra Limited and its subsidiariesfor the quarterand year ended March 31, 2021		Registered Office: Gateway Building, Apollo Bunder, Mumbai 400 001.
		Website: www.techmahindra.com, Email: investor.relations@techmahindra.com,		CIN : L64200MH1986PLC041370
	Profit after tax for the quarter at Rs. 10814 Million up 34.5% over previous year
			Rs. in Million except Earnings per share
	Particulars	Quarter endedMarch 31, 2021	Year endedMarch 31, 2021	Quarter endedMarch 31, 2020
1	Total Revenue from Operations (Net)	97299	378551	94902
	Net Profit before Tax	15441	§9529	9656
23	Net Profit for the period after Tax(Share of the Owners of the Company)	10814	44280	8039
	Total Comprehensive Income for the Period(comprising Profit for the period after Tax and	12066	47767	6592
	Other Comprehensive Income after Tax)Equity Share Capital	4370	4370	4359
5	Total Reserves		244280
	Earnings Per Equity Share (Rs)
	- Basic	12.37	50.64	9.21
	- Diluted	12.26	50.19	9.14
Sr.No467	Additional information on standalone financial results Is as follows:			Rs. in Million

Particulars	Quarter endedMarch 31, 2021	Year endedMarch 31, 2021	Quarter endedMarch 31, 2020
Revenue from Operations	75068	296409	75719
Profit before Tax	15273	55266	15175
Profit after Tax	11678	42391	13918
Notes :1 The above is an extract of the detailed format of the Standalone and Consolidated Financial Results for the quarter and yearended March 31, 2021, filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015. The full format of the Standalone and Consolidated Financial Results for the quarter andyear ended March 31, 2021 are available on the Stockthe Company's website at the web-link: https://www,techmahindra.com/en-in/investors/2 These results have been prepared on the basis of the consolidated audited financial statements for the year ended March 31,		websites. (www.nseindia,com/www.bseindia.com) and
2021 and the consolidated audited condensed interim financial results upto the end of the third quarter, which are prepared inaccordance with the Ind AS notified under the Companies (indian Accounting Standards) Rules 2015. The quarterly andBoardyearly financial results have been reviewed by the Audit Committee and have been approved and taken on record by theheldof Directors in its meetingon April 26, 2021.3 The Board of Directors has recommended a final dividend of Rs. 15 per equity share on face value of Rs. 5 each (300%) &special dividend of Rs. 15 per equity share on face value of Rs. 5 each (300%). The Company has paid special dividend ofrecognizedRs. 15 per equity share on face value of Rs. 5 each as interim dividend during the quarter ended December 31, 2020. The
amount wasas distribution to equity shareholders.4 The Company based on its annual impairment assessment of the goodwill outstanding in the books of accounts and theunderlying cash generating unit ('CGU'') to which the goodwill is allocated, assessed the recoverableto be lower than their carrying value. Consequently, the Company has recognized an impairment of Rs 507 Millionn thestatement of profit and loss for the year ended March 31, 2021 (year ended March 31, 2020: Rs. 2175 Million).			amountof certain CGUs
5 The Auditors have issued an unqualified opinion on the Standalone and Consolidated Financial Results and have invitedattention to certain matters (Emphasis of Matters), The Emphasis of Matters are on account of the financial irregularitiescommitted by the promoters of erstwhile Satyam Computer Services Limited (SCSL) before it was acquired by the CompanyManagementand certain other related matters. SCSL was amalgamated with the Company in June 2013. The Emphasis of Matters andtheResponse on the same are available as part of the detailed Regulation 33 formats posted on the StockExchange websites (www.nseindia.com/www.bseindia.com) and the Company's website (www.techmahindra.com).
Date : April 26, 2021Place : Mumbai			Cc. P. GurnaniManaging Director & CEO _

Notes :

• 1 The above is an extract of the detailed format of the Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2021, filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2021 are available on the Stock websites. (www.nseindia,com/www.bseindia.com) and the Company's website at the web-link: https://www,techmahindra.com/en-in/investors/
• 2 These results have been prepared on the basis of the consolidated audited financial statements for the year ended March 31, 2021 and the consolidated audited condensed interim financial results upto the end of the third quarter, which are prepared in accordance with the Ind AS notified under the Companies (indian Accounting Standards) Rules 2015. The quarterly and yearly financial results have been reviewed by the Audit Committee and have been approved and taken on record by the Board of Directors in its meeting held on April 26, 2021.
• 3 The Board of Directors has recommended a final dividend of Rs. 15 per equity share on face value of Rs. 5 each (300%) & special dividend of Rs. 15 per equity share on face value of Rs. 5 each (300%). The Company has paid special dividend of Rs. 15 per equity share on face value of Rs. 5 each as interim dividend during the quarter ended December 31, 2020. The amount was recognized as distribution to equity shareholders.
• 4 The Company based on its annual impairment assessment of the goodwill outstanding in the books of accounts and the underlying cash generating unit ('CGU'') to which the goodwill is allocated, assessed the recoverable amount of certain CGUs to be lower than their carrying value. Consequently, the Company has recognized an impairment of Rs 507 Millionn the statement of profit and loss for the year ended March 31, 2021 (year ended March 31, 2020: Rs. 2175 Million).
• 5 The Auditors have issued an unqualified opinion on the Standalone and Consolidated Financial Results and have invited attention to certain matters (Emphasis of Matters), The Emphasis of Matters are on account of the financial irregularities committed by the promoters of erstwhile Satyam Computer Services Limited (SCSL) before it was acquired by the Company and certain other related matters. SCSL was amalgamated with the Company in June 2013. The Emphasis of Matters and the Management Response on the same are available as part of the detailed Regulation 33 formats posted on the Stock Exchange websites (www.nseindia.com/www.bseindia.com) and the Company's website (www.techmahindra.com).

Tech Mahindra Limited Tech Extract of Consolidated Audited Financial Results of m hi cl

Tech Mahindra Limited and its subsidiaries for the quarter | in ro

Profit after tax for the quarter at Rs. 10814 Million up 34.5% over previous year

Tech	Mahindra Limited		Techm	hi
	Extract of Consolidated Audited Financial Results ofTech Mahindra Limited and its subsidiariesfor the quarter			clroin
	and year ended March 31, 2021		Registered Office: Gateway Building, Apollo Bunder, Mumbai 400 001.
		Website: www.techmahindra.com, Email: investor.relations@techmahindra.com,		CIN : L64200MH1986PLC041370
	Profit after tax for the quarter at Rs. 10814 Million up 34.5% over previous year
Sr.No	Particulars	Quarter endedMarch 31, 2021	Year endedMarch 31, 2021	Rs. in Million except Earnings per shareQuarter endedMarch 31, 2020
1	Total Revenue from Operations (Net)	97299	378551	94902
2	Net Profit before Tax	15441	59529	9656
3	Net Profit for the period after Tax	10814	44280	8039
4	(Share of the Owners of the Company)Total Comprehensive Income for the Period(comprising Profit for the period after Tax and	12066	47767	6592
	Other Comprehensive Income after Tax)
5	Equity Share Capital	4370	4370	4359
6	Total Reserves		244280
7	Earnings Per Equity Share (Rs)- Basic	12.37	50.64	9.21
	- Diluted	12.26	50.19	9.14
	Additional information on standalone financial results Is as follows:			Rs. in Million
	Particulars	Quarter ended March 31,2021	Year endedMarch 31, 2021	Quarter endedMarch 31, 2020
	Revenue from Operations	75068	296409	75719
	Profit before Tax	15273	55266	15175

Particulars	Quarter ended March 31,2021	Year endedMarch 31, 2021	Quarter endedMarch 31, 2020
Revenue from Operations	75068	296409	75719
Profit before Tax	15273	55266	15175
Profit after Tax	11678	42391	13918
Notes :1 The above is an extract of the detailed format of the Standalone and Consolidated Financial Results for the quarter and yearRequirements) Regulations, 2015. The full format of he Standaloneended March 31, 2021, filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosureyear ended March 31, 2021 are available on the Stock Exchange websites. (www.nseindia.,com/www.bseindia.com) andthe Company's website at the web-link: https:/Awww.techmahindra.com/en-in/investors/2 These results have been prepared on the basis of the consolidated audited financial statements for the year ended March 31,2021 and the consolidated audited condensed interim financial results upto the end of the third quarter, which are prepared inaccordance with the ind AS notified under the Companies (indian Accounting Standards) Rules 2015. The quarterly and		and Consolidated Financial	Resultsfor the quarter and
yearly financial results have been reviewed by the Audit Committee and have been approved and taken on record by theBoard of Directors in its meeting held on April 26, 2021.3 The Board of Directors has recommended a final dividend of Rs. 15 per equity share on face value of Rs. 5 each (300%) &special dividend of Rs. 15 per equity share on face value of Rs, 5 each (300%), The Company has paid special dividend ofRs. 15 per equity share on face value of Rs. 5 each as interim dividend during the quarter ended December 31, 2020. Theamount was recognized as distribution to equity shareholders.4 The Company based on its annual impairment assessment of the goodwill outstanding in the books of accounts and theunderlying cash generating unit ('CGU') to which the goodwill is allocated, assessed the recoverable amount of certain CGUs
to be lower than their carrying value. Consequently, the Company has recognized an impairment of Rs 507 Million in thestatement of profit and loss for the year ended March 31, 2021 (year ended March 31, 2020: Rs. 2175 Million).5 The Auditors have issued an unqualified opinion on the Standalone and Consolidated Financial Results and have invitedattention to certain matters (Emphasis of Matters). The Emphasis of Matters are on account of the financial irregularitiescertaincommitted by the promoters of erstwhile Satyam Computer Services Limited (SCSL) before it was acquired by the CompanyManagementother related matters. SCSL wasandResponse on the same are available as part of the detailed Regulation 33 formats posted on the StocktheExchange websites (www.nseindia.com/www.bseindia.com) and the Company's website (www.techmahindra.com).	amalgamated	with the Company in June 2013. The Emphasis of Matters and
Date : April 26, 2021Place : Mumbai			Cc. P. GurnaniManaging Director & CEO

Notes :

• 1 The above is an extract of the detailed format of the Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2021, filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of he Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2021 are available on the Stock Exchange websites. (www.nseindia.,com/www.bseindia.com) and the Company's website at the web-link: https:/Awww.techmahindra.com/en-in/investors/
• 2 These results have been prepared on the basis of the consolidated audited financial statements for the year ended March 31, 2021 and the consolidated audited condensed interim financial results upto the end of the third quarter, which are prepared in accordance with the ind AS notified under the Companies (indian Accounting Standards) Rules 2015. The quarterly and yearly financial results have been reviewed by the Audit Committee and have been approved and taken on record by the Board of Directors in its meeting held on April 26, 2021.
• 3 The Board of Directors has recommended a final dividend of Rs. 15 per equity share on face value of Rs. 5 each (300%) & special dividend of Rs. 15 per equity share on face value of Rs, 5 each (300%), The Company has paid special dividend of Rs. 15 per equity share on face value of Rs. 5 each as interim dividend during the quarter ended December 31, 2020. The amount was recognized as distribution to equity shareholders.
• 4 The Company based on its annual impairment assessment of the goodwill outstanding in the books of accounts and the underlying cash generating unit ('CGU') to which the goodwill is allocated, assessed the recoverable amount of certain CGUs to be lower than their carrying value. Consequently, the Company has recognized an impairment of Rs 507 Million in the statement of profit and loss for the year ended March 31, 2021 (year ended March 31, 2020: Rs. 2175 Million).
• 5 The Auditors have issued an unqualified opinion on the Standalone and Consolidated Financial Results and have invited attention to certain matters (Emphasis of Matters). The Emphasis of Matters are on account of the financial irregularities committed by the promoters of erstwhile Satyam Computer Services Limited (SCSL) before it was acquired by the Company and certain other related matters. SCSL was amalgamated with the Company in June 2013. The Emphasis of Matters and the Management Response on the same are available as part of the detailed Regulation 33 formats posted on the Stock Exchange websites (www.nseindia.com/www.bseindia.com) and the Company's website (www.techmahindra.com).