Tata Technologies Share Price Touches 52-Week Low; Posts Q3 FY25 Net Income Up 7.1% QoQ

Tata Technologies Limited announced financial results for the quarter ended December 31, 2024.

Key Financial Highlights

The company reported a total operating revenue of ₹13,174 million, reflecting a 2.2% YoY and 1.6% QoQ growth. The services segment revenue stood at ₹10,127 million, marking a 1.2% YoY and 0.8% QoQ increase. In constant currency, services revenue grew by 1.1% QoQ.

Operating EBITDA for the quarter was ₹2,340 million, with an EBITDA margin of 17.8%. Net income rose to ₹1,686 million, registering a 7.1% QoQ growth, while the net margin improved by 70 basis points QoQ to 12.8%.

Commenting on the performance, the Chief Executive Officer and Managing Director, 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 rebound.”

The Chief Financial Officer, Savitha Balachandran, stated, “I am pleased with our Q3 performance, marked by 1.7% top-line growth and a 7% 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. Our disciplined execution drove strong cash conversion in the first nine months, with free cash flow exceeding 100% of net income. This further strengthened our balance sheet, with a net cash position of $154 million at the end of December. We remain dedicated to delivering sustainable, long-term value for all stakeholders.”

Conclusion

These results highlight steady growth across key financial metrics for the quarter. On January 22, 2025, Tata Technologies share price (NSE: TATATECH) opened at ₹808.05, down from its previous close of ₹816.85. At 9:37 AM, the share price of Tata Technologies was trading at ₹797.10, down by 2.42% on the NSE. Notably, the stock price touched its 52-week low today at ₹788.65.

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