Tech Mahindra’s Q2 FY-19 Results Beat Estimates

The Q2F19 profits for Tech Mahindra have taken a massive leap with large new deals and high EBITDA margins.

From providing end-to-end IT outsourcing services as digital transformation partners to providing omni-channel experience, and robotic process automation — Q2 new deal wins have surpassed USD 550 million in Q2 FY19 to record a 13.5% YoY growth in consolidated revenue.

Manoj Bhat, CFO, Tech Mahindra, said, “This has been a strong quarter with improving operating metrics across most of our business lines. Our focus on optimizing our

operations has led us to the highest EBITDA level and margin improvement in excess of 2% sequentially and 4% on a YoY basis.

Adding to this, C P Gurnani, Managing Director & Chief Executive Officer, Tech Mahindra, said, “It’s been a satisfying quarter where our focus on digital transformation has helped deliver a robust performance. Our strong deal wins especially in the Communication vertical coupled with our 10% plus sequential growth in digital revenues are a validation of our Run, Change and Grow strategy. We will endeavor to maintain this momentum as we continue our journey.”

Mahindra Blazo X is all set to Blaze the Trail

Making heads turn this year will be Mahindra’s new range of HCV truck Blazo X that promises low operating cost and fuel economy. It also offers an unmatched mileage guarantee, with the tag line -- ‘GET MORE MILEAGE OR RETURN THE TRUCK’.

Rajan Wadhera, President, Automotive Sector, Mahindra & Mahindra Ltd. said, “With our new BLAZO X series of HCV trucks, we have further enhanced our customer value proposition of ‘Har Cheez Guarantee Ke Saath’ and

will create higher benchmarks in performance and earnings.”

Mahindra truck and Bus Division has strengthened its sales network with the addition of Kashmir to Kanyakumari service corridor. This coupled with Mahindra’s assured servicing, mPOWER engine with Fuel Smart Technology and low maintenance cost, is slated to make Blazo X the best choice in the heavy vehicle segment.

Creating a Landmark in Aviation Architecture

Mahindra and Mahindra is proud to be associated with the new Air Traffic Control Tower (ATC) for the Istanbul Airport (INA) in Turkey. The ATC, a landmark in aviation architecture, is the collaboration between Pininfarina and AECOM’s architectural and engineering teams.

The inspiration for the beautiful and highly-functional ATC, is drawn from the Tulip, an important cultural reference in Turkish history. In fact, it won the prestigious International Architecture Award in 2016. The concept of the tower blends influences from aerospace and automotive sectors with elements evocative of Turkish culture.

The new Istanbul Airport will offer millions of passengers a 360° view of this iconic ATC, which is designed to

handle 90 million travelers, the largest in terms of annual passenger capacity.

Paolo Pininfarina, Chairman, Pininfarina Group, said, “By leveraging the unique combination of our 85 years of design experience, we have been able to create a technologically advanced structure of distinctive character.”

The aim of the project was to create a contemporary and strong technological component, a work that converges art and functionality. And, the ATC tower does just that. The structure is equipped with lounge areas, outdoor terraces, sports arena, conference halls and an education center with classrooms, language and electronics laboratories for the staff.

The design of the tower takes into account the strong climatic changes in Istanbul and hence focuses on sustainability. High-efficiency glass has been used to maintain efficient insulation. The tower supplies hot water through solar collectors and generates electricity on site using photovoltaic panels. Also, a rainwater collection system has been developed to reduce the building's water footprint.

Women Farmers -- the Unknown Faces of Indian Agriculture

There are 100 million women farmers in India who toil every day in the country’s fields; although a leading force, they are the unknown face of Indian agriculture. Many of them work with tools and equipment not suited for them and are usually paid less than their male counterparts.

To address this disparity and bridge the gap, Mahindra and Mahindra in collaboration with Central Institution for Women in Agriculture (CIWA) and Pradan

(Professional Assistance for Development Action) has launched ‘Prerna’, an initiative for women farmers in India.

The first phase of this project will be launched in Odisha, and will impact the lives of over 2000 women across 40 plus villages.

To acknowledge and encourage such women, Prerna also celebrated Mahila Kisan Diwas across various dealerships and manufacturing plants of Mahindra and Mahindra.

Together, M&M, PRADAN and CIWA are working towards transforming the lives of millions of women working in our fields. We are also providing them access to better education, evolved farming techniques and women-friendly, ergonomic farm equipment.

Click here to take a closer look at the women farmers in India.

 Tweet of the Week

Artists are the threads that weave together art and culture, helping us bring communities closer. This #InternationalArtistsDay, we pay tribute to all the artists helping us #RiseForGood.

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