Tata Technologies Q2 Results: Profit Dips, Revenue Up 2.2%

Tata Technologies Ltd.'s earnings dipped sequentially in the July–September quarter even as income rose.

Consolidated revenue of the Tata Group firm rose 2.16% to Rs 1,296.5 crore in the quarter ended Sept. 30, while net profit fell 2.85% to Rs 157.4 crore, according to an exchange filing on Monday.

• Revenue up 2.16% to Rs 1,296.5 crore.

• EBIT up 2.1% to Rs 206 crore.

• EBIT margin flat at 15.9%

• Net profit down 2.9% to Rs 157.4 crore.

Shares of Tata Technologies closed 1.23% lower at Rs 999.80 apiece on the BSE, compared to a 0.76% advance in the benchmark Sensex. The results were declared after market hours.