Tata Technologies shares hit 52-week low as Q3 profit declines, revenue sees modest growth

Shares of Tata Technologies hit a 52-week low following disappointing Q3 results. The stock closed at ₹798.95 on the NSE, on Wednesday, down by 2.

19 per cent coinciding with the company’s Q3 results showing a decline in net profit. Tata Technologies ’ net profit dipped by 3.75 per cent y-o-y to ₹226.



19 crore from ₹235 crore in the same quarter last year.. Its revenue increased 2.

17 per cent to ₹1,317.38 crore (₹1,320.14 crore).

The profits, however, took a hit as the company’s expenses rose to ₹1,119.31 crore, up by 3.14 per cent from ₹1,085.

14 crore in the previous year. Tata Technologies is a global engineering and product development digital services company, offering solutions in the automotive, aerospace, and industrial sectors. Comments.