Tata Tech Q1 Results: Profit Falls 10% But Beats Street Expectations
Tata Tech's bottomline came in at Rs 170 crore in the first quarter, compared to Rs 189 crore in the previous quarter.
Tata Technologies Ltd. reported a 10% sequential fall in consolidated net profit in the June quarter of the financial year 2025.
The bottomline came in at Rs 170 crore in the first quarter, compared to Rs 189 crore in the previous quarter, according to a stock exchange filing on Monday. Analysts' consensus estimates compiled by Bloomberg projected a net profit of Rs 157 crore.
The company's revenue from operations increased 3.3% to Rs 1,244 crore.
Tata Tech Q1 Results (Consolidated, QoQ)
Revenue down 3.3% at Rs 1,244 crore versus Rs 1,286 crore (Bloomberg estimate: Rs 1,208 crore).
EBIT down 17% at Rs 169 crore versus Rs 203 crore (Bloomberg estimate: Rs 171 crore).
Net Profit down 9.8% at Rs 170 crore versus Rs 189 crore (Bloomberg estimate: Rs 157 crore).
Margin at 13.6% versus 15.8% (Bloomberg estimate: 14.15%).
The shares of Tata Technologies ended 0.72% higher, compared to a 0.27% decline in the benchmark Nifty 50.
(This is a developing story. More updates to follow)
