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PremiumTata Technologies Q3 Results Highlights: Tata Technologies announced its Q3 results today. Tata Technologies reported a small 1% drop in its net profit for the December quarter of the current financial year (Q3FY25). The company made a profit of ₹168.64 crore, compared to ₹170.22 crore in the same quarter last year. However, the company’s revenue from operations grew by 2.2% year-on-year, reaching ₹1,317.38 crore in Q3FY25, up from ₹1,289.45 crore in the same quarter last year.
Tata Technologies Q3 Results Live: “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," said CFO Savitha Balachandran.
Tata Technologies Q3 Results Live: “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 rebounds," Warren Harris, Chief Executive Officer and Managing Director said.
Tata Technologies Q3 Results Live:The company witnessed a 20 bps sequential improvement in (LTM) attrition to 12.9%. The workforce strength as of December 2024 was 12,659.
Tata Technologies Q3 Results Live: Operating EBITDA came in at ₹235 crore in Q3, with EBITDA margin at 17.8%. Meanwhile, EBIT was up 3.1% QoQ at ₹211.9 crore and EBIT margin up 20 bps QoQ to 16.1%.
• Total operating revenue at ₹13,174 million, up 2.2% YoY and 1.6% QoQ
• Services segment revenue of ₹10,127 million, an increase of 1.2% YoY and 0.8% QoQ
• Services segment revenue in constant currency up by 1.1% QoQ
Tata Technologies Q3 Results Live: Total expenses witnessed a 3.15% year over year rise to ₹1,119.31 crore from ₹1,085.14 crore in the same quarter last year.
Tata Technologies Q3 Results Live: On a standalone basis, profit after tax stood at ₹103 crore, up 9.7% year-on-year from ₹94 crore. On a sequential basis, the profit dipped 15.57%.
Meanwhile, revenue from operations witnessed a 7.5% increase YoY but a 5.7% drop QoQ to ₹748 crore in the December 2024 quarter.
Tata Technologies Q3 Results Live: On a QoQ basis, Tata Technologies revenue rose 1.61% from ₹1,296.45 crore. Meanwhile, PAT was up 7.13% on a sequential basis as against ₹157.41 crore.
Tata Technologies Q3 Results Live: Tata Tech posted a 2.16% year-on-year (YoY) increase in revenue to ₹1,317.38 crore. It stood at ₹1,289.45 crore in the same period last year.
Tata Technologies Q3 Results Live: Tata Technologies posted a 0.92% decline in net profit to ₹168.64 crore in the December 2024 quarter from ₹170.22 crore in the year-ago period.
Tata Technologies Q3 Results Live: Tata Motors and Tata Motors Finance are the promoters of the company, holding a 55.22% stake in Tata Technologies as of the December 2024 quarter. Tata Motors holds a 53.39% stake and Tata Motors Finance 1.84%.
Tata Technologies Q3 Results Live: Key things to focus on in Tata Tech earnings
Tata Technologies Q3 Results Live: Shares of Tata Technologies ended 0.55% higher at ₹816.90 on the BSE ahead of the quarterly earnings show for the December 2024 quarter.
Tata Technologies Q3 Results Live: JM Financial estimates Tata Technologies’ Q3 EBIT may fall 5% to ₹195.3 crore from ₹205.6 crore, QoQ. EBIT margin is expected to narrow by 80 bps to 15.0% from 15.9%, QoQ.
Tata Technologies Q3 Results Live: Tata Technologies is expected to post net profit of ₹167.7 crore in Q3FY25, up 6.5% QoQ, and down 1.5% YoY, according to JM Financial.
Tata Technologies Q3 Results Live: Tata Technologies is expected to report revenue of ₹1,301 crore in Q3FY25, up 0.3% from ₹1,296.5 crore QoQ, and up 0.9% from ₹1,289.5 crore, YoY, according to estimates by JM Financial. Revenue in dollar terms is expected to fall to $154 million, down 0.3% QoQ, and down 0.5% YoY.
Tata Technologies Q3 Results Live: After a steep 30% correction over 72 days without any meaningful pullback, Tata Technologies stock is showing signs of stabilization. The past five sessions indicate a base-building pattern, suggesting potential for a deeper pullback. The 50-day moving average at ₹910 serves as a key target, aligning with renewed buying interest. Traders should watch for sustained momentum above recent levels, which could spark a technical recovery. Risk management remains crucial in this volatile setup, said Anshul Jain, Head of Research at Lakshmishree Investment and Securities.
Tata Technologies shares had made a strong stock market debut on November 30, 2023. The Tata Group stock was listed at ₹1,200 apiece on the BSE and NSE, a staggering premium of 140% to the IPO price of ₹500. Tata Technologies shares are down 32% from its listing price, but are still up by around 65% from their issue price.
Tata Technologies Q3 Results Live: Tata Technologies share price has fallen 8% in one month, while the Tata Group stock has declined 22% in three months. Over the past one year, Tata Technologies shares have dropped 29%.
Tata Technologies Q3 Results Live: JM Financial is building 0.3% QoQ CC revenue growth, 60 basis points (bps) cross currency headwind translating into -0.3% QoQ USD revenue growth. It expects -0.1 and -0.3% QoQ growth in the Services and Technology Solutions segments. The brokerage firm expects 80 bps QoQ decline in margins, driven largely by wage hike.
Tata Technologies Q3 Results Live: In the Tata Technologies Q3 results, focus will remain on medium-term outlook on spends by anchor clients and Tata group entities; ramp-up in Airbus engagements and any impact of lower aircraft deliveries at airbus; details on BMW JV; and outlook of the technology solutions segment, Kotak Equities said.
Tata Technologies Q3 Results Live: At the operational level, the earnings before interest and taxes (EBIT) of Tata Technologies in Q3FY25 is projected to decrease 7.3% to ₹194.2 crore from ₹209.4 crore in the year-ago period. On a sequential basis, EBIT is likely to fall 5.6% from ₹205.6 crore in the September quarter. EBIT margin is estimated to decline by 80 bps QoQ due to the wage hike impact, as per Kotak Equities.
Tata Technologies Q3 Results Live: Kotak Institutional Equities expects Constant Currency (CC) revenue growth of 0.1% QoQ for Services segment and 0.3% QoQ overall. Services segment revenue growth would be impacted by general weakness in auto and moderation in spends at anchor clients. Technology solutions segment is estimated to remain stable QoQ with sharp uptick in products, offset by decline in education businesses.
Tata Technologies Q3 Results Live: The Tata Group company’s revenue in the third quarter of FY25 is expected to record a sequential fall of 0.4% to ₹1,291.6 crore as against ₹1,296.5 crore in the previous quarter, according to Kotak Institutional Equities. However, Tata Technologies may report a minor revenue growth of 0.2% on a year-on-year (YoY) basis in Q3FY25.
Tata Technologies Q3 Results Live: Tata Technologies is expected to post a net profit of ₹157.2 crore in the quarter ended December 2024, registering a fall of 7.7% from ₹170.2 crore in the same quarter last year. The net profit is expected to drop 0.1 from ₹157.4 crore in the September quarter, according to estimates by Kotak Institutional Equities.
Tata Technologies Q3 Results Live: The meeting of the board of directors of Tata Technologies is scheduled to be held today, January 21, to consider and approve the financial results for the fiscal third quarter ended December 2024.
Tata Technologies Q3 Results Live: Tata Technologies will announce its Q3 results today. The board of director of the Tata Group company is set to declare its earnings for the third quarter of FY25 today, January 21.
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