Tata Tech posts Rs 170 crore net profit in Q3 FY2024

Tata Technologies, a leading global engineering services company has announced its financial results for the Q3 FY2024 with revenue of Rs 1,289 crore, up 14.7 percent YoY, the net profit came at Rs 170 crore, up 6.1 percent respectively.

The company attributes the growth to improvement in the services segment, and customer ramp-up activity, with 39 customers now in the million-dollar plus revenue bucket compared with 34 at the end of Q3 FY2023.

Warren Harris, CEO and MD, Tata Technologies said: “We delivered sequential growth and a healthy operating EBITDA margin at 18.3% in Q3FY24 while making strategic investments in relationships to enable future growth.