Tata Technologies Q4 Results: Revenue Falls Marginally, Profit Misses Estimates

Tata Technologies Ltd. has reported a marginal decline in revenue for the fiscal fourth quarter.

Consolidated top line of the Pune-based ER&D firm fell 1% during the quarter-ended March on a sequential basis to Rs 1,301 crore , according to an exchange filing on Friday. That compares with the Rs 1,287.4-crore consensus estimate of analysts tracked by Bloomberg.

• Revenue down 1% at Rs 1,301 crore (Estimate: Rs 1,287.4 crore).

• EBIT up 0.8% at Rs 211 crore (Estimate: Rs 213.4 crore).

• EBIT margin unchanged at 16.2% (Estimate: 16.58%).

• Net profit down 7.6% at Rs 157 crore (Estimate: Rs 177.3 crore).