Tata Technologies Q4FY24 results: Net profit down 27% at Rs 157.24 crore

Tata Technologies, on Friday, reported a 27.39 per cent year-on-year decrease in consolidated net profit at Rs 157.24 crore for the quarter that ended on March 31 in the financial year 2023-24 (Q4FY24). The company had reported a net profit of Rs 216.56 crore during the same period last year (Q4FY23).

Sequentially, the net profit went down 7.62 per cent from Rs 170.22 crore in the December quarter (Q3FY24).

The company’s revenue from operations decreased by 7.22 per cent to Rs 1,301.05 crore in Q4, compared to Rs 1,402.39 crore reported in the year before. On a quarter-on-quarter basis, the revenue for operations stood at Rs 1,289.45 crore.