Tata Technologies Ltd
P&L
Quarterly Consolidated
vs Q2 FY25
Tata Technologies Reports 7.1% QoQ Growth in Net Income; Q3 Revenue Up 1.6% QoQ to 13,174 Million
21 Jan 2025 · 21 Jan 2025, 10:43 pm
Summary
Tata Technologies Limited, a leading global engineering services company, announced financial results for the quarter ended December 31, 2024. The company reported a 1.6% QoQ growth in revenue, which stood at 13,174 million. The Services segment revenue increased by 0.8% QoQ to 10,127 million. The company's net income stood at 1,686 million, up 7.1% QoQ. The net margin improved from 12.1% to 12.8% QoQ. The company secured four large deals in the quarter and saw a 20 bps sequential improvement in attrition to 12.9%.
Key Highlights
- 1
Tata Technologies reports 7.1% QoQ growth in Net Income
- 2
Q3 Revenue up 1.6% QoQ to 13,174 million
- 3
Q3 EBITDA margin at 17.8%
- 4
Secured four large deals in Q3
- 5
20 bps sequential improvement in attrition to 12.9%
Management Comments
Warren Harris
Chief Executive Officer and Managing Director
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 Al, and Embedded Software Solutions, fostering measured optimism for Q4 and FY26.
Savitha Balachandran
Chief Financial Officer
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.
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