Tata Technologies Posts Rs 169 Crore Profit in Q3 FY25
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Synopsis
Tata Technologies reported a net profit of Rs 169 crore for Q3 FY25, marking a slight decrease from the previous year. Despite this, the company showed a 7% increase from Q2 FY25, with revenues rising by 2% YoY. The company remains optimistic about future growth prospects.
Key Takeaways
- Tata Technologies achieved a net profit of Rs 169 crore in Q3 FY25.
- Revenue rose by 2 per cent YoY, totaling Rs 1,317 crore.
- Operating EBITDA was Rs 235 crore with a margin of 17.8 per cent.
- Employee count reached 12,569, with improved attrition at 12.9 per cent.
- Shares closed at Rs 817, up 0.53 per cent.
New Delhi, Jan 21 (NationPress) Tata Technologies has announced a net profit of Rs 169 crore for the third quarter of the financial year 25 on Tuesday.
The company’s net profit for the period from October to December saw a slight decline compared to Rs 170 crore reported during the same timeframe last year. Nevertheless, profits increased by 7 per cent in Q3, up from Rs 157 crore in the prior quarter (Q2 FY25).
Revenue from operations experienced a 2 per cent year-on-year (YoY) growth, reaching Rs 1,317 crore, compared to Rs 1,289 crore recorded in the same period last year. Sequentially, revenue also rose by 1.6 per cent from Rs 1,296 crore in the previous quarter.
Tata Technologies’ expenses increased by 3 per cent YoY, totaling Rs 1,119 crore, in comparison to Rs 1,085 crore in Q3 FY24.
The company’s earnings per share (EPS) slightly decreased to Rs 4.16, down from Rs 4.17 in the same period last year; however, it was an improvement from Rs 3.88 in Q2 FY25.
Operating EBITDA for the quarter was Rs 235 crore, with an EBITDA margin of 17.8 per cent. The net profit margin improved by 70 basis points sequentially to 12.8 per cent.
The workforce of Tata Technologies stood at 12,569 employees by the end of the quarter, with a slight improvement in the attrition rate, which dropped by 20 basis points to 12.9 per cent.
Warren Harris, Chief Executive Officer and Managing Director, expressed optimism about the company’s performance, stating, “I am encouraged by the resilience the 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.”
Savitha Balachandran, Chief Financial Officer, commented on the Q3 results, stating, “I am pleased with our performance, marked by 1.7 per cent top-line growth and a 7 per cent sequential increase in PAT. This performance underscores the strength and adaptability of our diversified service offerings, which enabled us to navigate the complexities of the quarter effectively.”
The shares of Tata Technologies ended the trading day at Rs 817, a rise of 0.53 per cent on January 21. The company released its Q3 results after market hours, and the stock is anticipated to attract attention on January 22.
It is noteworthy that Tata Technologies’ shares have declined by approximately 31 per cent from their listing price of Rs 1,200 in November 2023 after making a strong debut at a premium of 140 per cent over its IPO price.
