Tata Technologies Q4FY24 results: Net profit down 27% at Rs 157.24 crore
Sequentially, the net profit went down 7.62 per cent from Rs 170.22 crore in the December quarter (Q3FY24)
Tata Technologies, on Friday, reported a 27.39 per cent year-on-year rise in consolidated net profit at Rs 157.24 crore for the quarter that ended on March 31 in the financial year 2023-24 (Q4FY24). The company had reported a net profit of Rs 216.56 crore during the same period last year (Q4FY23).
Sequentially, the net profit went down 7.62 per cent from Rs 170.22 crore in the December quarter (Q3FY24).
Tata Technologies announced an interim dividend of Rs 10.05 per share.
The company’s revenue from operations decreased by 7.22 per cent to Rs 1,301.05 crore in Q4, compared to Rs 1,402.39 crore reported in the year before. On a quarter-on-quarter basis, the revenue for operations stood at Rs 1,289.45 crore.
The company reported a total income of Rs 1,325.19 crore for Q4FY24. This was a decrease of 8.58 per cent from Rs 1,449.62 crore reported during the year-ago period. On a quarter-on-quarter basis, the total income was up 0.38 per cent. It was Rs 1,320.14 crore in Q3FY24.
First Published: May 03 2024 | 4:21 PM IST