Tata Technologies on January 21 reported marginal decline in net profit in December quarter at Rs 169 crore as against Rs 170 crore in the year-ago period. This, however, marks a sequential rise of around 7 percent from the Rs 157 crore net profit recorded in Q2FY 25.
The company's revenue from operations stood at Rs 1,317 crore in Q3, a rise of 2 percent from the Rs 1,289 crore revenue reported in Q3 of previous financial year. Sequentially, the revenue rose 1.6% from Rs 1,296 crore reported in the previous quarter (Q2).
Tata Technologies reported a 3 percent year-over-year rise in total expense to Rs 1,119 crore. It had reported total expense of Rs 1,085 crore in Q3 of the previous financial year. The company's basic earnings per share (EPS) fell on a yearly basis to Rs 4.16. It however marked a sharp rise from the Rs 3.88 EPS reported for the previous quarter.
The company said its operating EBITDA stood at ₹235 crore and EBITDA margin at 17.8% in Q3. It also reported a net profit margin of 12.8 percent for the quarter, marking an increase of 70 basis points on a sequential basis.
Tata Tech CEO & MD Warren Harris said: "I am encouraged by the resilience our business has demonstrated in uncertain economic conditions with revenue growth across both our business segments. We secured four large deals this quarter, and our pipeline remains healthy. We are seeing opportunities across Digital Engineering, Smart Manufacturing, Gen AI, and Embedded Software Solutions, fostering measured optimism for Q4 and FY26. We are also investing in advanced tools and capabilities to position ourselves for accelerated growth as policy clarity improves and investments in new product development rebounds."
The company's workforce strength stood at 12,659 at the end of the quarter. Its attrition rate improved by 20 bps from previous quarter to 12.9%.
Read about Q3 Results LIVE
Tata Technologies shares closed 0.53 percent higher at Rs 817 on January 21. Notably, the Q3 results were declared in the post market hours. The stock will be under active watch on January 22. The stock has so far fallen around 31% from its listing price. The shares of the company had debuted on stock exchanges at Rs 1,200 in November 2023, marking a whopping premium of 140% over its IPO price.
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