Tata Technologies Limited — Updates, 21-01-2025: Press Release (Revised)

Tata Technologies Limited posted total operating revenue of ₹13,174 million for the quarter ended December 31, 2024, reflecting a 2.2% year-over-year increase and a 1.6% sequential growth. The services segment contributed ₹10,127 million, up by 1.2% YoY and 0.8% QoQ. Operating EBITDA stood at ₹2,340 million with a margin of 17.8%. Net income reached ₹1,686 million, increasing 7.1% QoQ, marking a net margin of 12.8%. The workforce expanded to 12,659, with a slight decrease in attrition to 12.9%.

CEO Warren Harris highlighted four significant deals secured in the quarter, indicating a healthy project pipeline, especially in Digital Engineering and Smart Manufacturing. CFO Savitha Balachandran reported strong cash conversion, exceeding 100% of net income, and a robust net cash position of $154 million.

Tata Technologies secured key multi-year contracts with various automotive clients, aiming to innovate sustainable vehicle solutions and streamline engineering processes. The recent agreement with the Government of Tripura for upgrading 19 Industrial Training Institutes further underscores its commitment to impactful projects. This performance positions Tata Technologies for a positive outlook as new opportunities arise.