Tata Technologies Q3 PAT rises 14.72 per cent to 170.22 crore
The company had posted a consolidated profit after tax (PAT) of Rs 148.38 crore in the same quarter last fiscal, Tata Technologies said in a regulatory filing26-01-2024
26-01-2024
Tata Technologies Results Earnings Call for Q3FY24
Conference Call with Tata Technologies Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.26-01-2024
Tata Technologies Ltd - 544028 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Advertisement - Audited Financial results for quarter ended December 31, 202326-01-2024
Tata Technologies Ltd - 544028 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
The audio call recording of Company's Analyst Call/Investor presentation held on January 25, 2024, to discuss the financial results for the quarter ended December 31, 2023 is available on the Company's website25-01-2024
Tata Technologies Q3 Results: Profit Rises Over 6% In First Earnings Since Listing
Tata Technologies' net profit rose 6.1% sequentially to Rs 170.2 crore in Q3 FY24 on the back of revenue that increased 1.6% to Rs 1,289.45 crore.25-01-2024
Tata Technologies Ltd - 544028 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor/analyst presentation on financial results for the quarter ended December 31, 202325-01-2024
Tata Technologies Ltd - 544028 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release - Agratas partners with Tata Technologies to fast-track the development and industrialisation of best-in-class battery solutions25-01-2024
Q3FY24 Quarterly Result Announced for Tata Technologies Ltd.
IT Software Products company Tata Technologies announced Q3FY24 results: Total operating revenue up 14.7% YoY and up 1.6% QoQ to Rs 12,895 million. In USD terms, total operating revenues were up 0.9% QoQ and up 13.4% YoY to USD 154.8 million. Services segment revenues were up 8.3% YoY to USD 120.2 million. In constant currency, Services revenues were up 5.8% YoY. Continued improvement in the customer ramp-up activity, with 39 customers now in the million-dollar-plus revenue bucket compared with 34 at the end of Q3FY23. Operating EBITDA at Rs 2,366 million. Operating EBITDA margin at 18.3%, a 140-bps increase QoQ driven by improved Services gross margins. Net income at Rs 1,702 million; Net margin at 13.2%. Net headcount addition of 172; Workforce strength of 12,623 180 bps sequential improvement in attrition to 15.4%. Warren Harris, Chief Executive Officer and Managing Director, said: “We delivered sequential growth and a healthy operating EBITDA margin at 18.3% in Q3FY24 while making strategic investments in relationships to enable future growth. Our deal win momentum has stayed robust, with 5 large deals won in the quarter, including one deal with over USD 50 million in TCV and another one with USD 25 million in TCV. We remain positive on customer spending in the Automotive vertical as OEMs continue to pivot towards electrification and other alternative propulsion systems. The Aerospace industry is looking upbeat, with a good pickup in demand there. We are investing in building capabilities at scale and remain confident about the long-term fundamentals of our business. We have seen our employee engagement initiatives yield success with a steady reduction in attrition levels over the last few quarters. We continue to focus on engineering a better world for our customers, employees, partners, and the community.” Savitha Balachandran, Chief Financial Officer, said: “We continue to maintain a sharp focus on profitability and cash flow generation in our business. Despite the seasonally soft quarter, our margins have remained resilient reflecting strong operational rigor and execution. Our long-term levers of margin growth include increased offshoring, further improvement of our people pyramid, and operating leverage as our business scales. The free cash flow to net income conversion in the first nine months of the year has also remained robust.” Result PDF25-01-2024
Tata Technologies Ltd - 544028 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release - Financial results for the quarter ended December 31, 202325-01-2024
Tata Technologies Ltd - 544028 - Board Meeting Outcome for Intimation Of Outcome Of Board Meeting Under Regulations 30 And 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 ('SEBI Listing Regulations')
Outcome of Board Meeting under Regulations 30 and 33 of the SEBI LODR 2015 for approving the Audited Standalone and Consolidated Financial Results along with Auditor's Report thereon for the quarter ended December 31, 202325-01-2024