The consolidated revenue from operations fell 7.2% YoY to Rs 1,301 crore from Rs 1,402.40 crore.
Tata Technologies Q4 results:
Profit drops by 27.4% to Rs 157.20 crore; here’s what management says
Tata Technologies Ltd reported a 27.4% year-on-year (YoY) reduction in consolidated net profit for the March quarter, to Rs 157.20 crore, compared to Rs 216.60 crore in the same period previous year.
The consolidated revenue from operations fell 7.2% YoY to Rs 1,301 crore from Rs 1,402.40 crore.
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The Ebit margin for the quarter was 16.2 percent, the same as in the December quarter but higher than the 15.5 percent in the same period the previous year Tata Technologies Q4 results.
In financial terms, the Services segment’s revenues were $120.20 million, which was flat sequentially. Revenue in constant currency terms fell 1% sequentially.
Savitha Balachandran, CFO, said: “We will continue to follow a balanced approach of exercising operational discipline while strategically investing in capacity and capabilities to seize the opportunity presented by the industry’s structural transformation.”
Balachandran expressed satisfaction with Tata Technologies’ execution in FY24, which delivered 18% margins regularly over the last three years, in line with his company’s stated goal.”We are excited about the future in FY25 and remain focused towards creating long-term investor value.”
