Tata Technologies shares tumble 3% following weak Q3 results

Tata Technologies shares tumbled 3% to their day’s low of Rs 792 on the BSE on Wednesday, January 22, after the company reported a 1% fall in its consolidated net profit for the quarter ended December 31, 2024, to Rs 169 crore versus Rs 170 crore posted in the year-ago period. The Q3FY25 revenue from operations stood at Rs 1,317 crore, which grew by 2% versus Rs 1,289 crore in the corresponding quarter of the previous financial year. On a sequential basis, the profit after tax (PAT) grew 7% as against Rs 157 crore posted in Q2FY25. Meanwhile, the topline increased 1.6% versus 1,296 crore in the July-September quarter. The earnings were announced after market hours and Tata Technologies shares ended at Rs 816.75 on the BSE, gaining by Rs 4.30 or 0.53% over Monday's closing price. Tata Technologies reported the total operating revenue at Rs 1,317.4 crore, up 2.2% YoY and 1.6% QoQ. The services segment revenue stood at Rs 1,013 crore, an increase of 1.2% YoY and 0.8% QoQ. Stock Trading Maximise Returns by Investing in the Right Companies By - The Economic Times, Get Certified By India's Top Business News Brand View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Dow Theory Made Easy By - Vishal Mehta, Independent Systematic Trader View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Heikin Ashi Trading Tactics: Master the Art of Trading By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Introduction to Technical Analysis & Candlestick Theory By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program The operating EBITDA (earnings before interest, taxes, depreciation and amortisation) was reported at Rs 234 crore while the EBITDA margin stood 17.8%. Also Read: Stocks in news: HDFC Bank, HUL, Tata Technologies, JSW Steel, PNB Housing Commenting on the company's earnings, Warren Harris, Chief Executive Officer and Managing Director, said the resilience of the business was encouraging. The company has performed in uncertain economic conditions with revenue growth across both its 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,” Harris said. Also Read: Sebi plans pre-listing trade to trip grey market moves Tata Tech shares target price As per Trendlyne data, the average target price of the stock is Rs 927, which shows an upside potential of 13% from the current market prices. The consensus recommendation from 10 analysts for the stock is a 'Sell'. Tata Tech shares performance On Tuesday, Tata Tech shares closed at Rs 816.7, up 0.5% on the BSE, while the benchmark Sensex declined 1.6%. The stock has declined 22% over the past three months and 29% in the last 12 months. The company’s market capitalization stands at Rs 33,132 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel )