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

Tata Technologies Limited reported total operating revenue of ₹13,174 million for the quarter ended December 31, 2024, reflecting a year-over-year increase of 2.2% and a quarter-over-quarter rise of 1.6%. The services segment contributed ₹10,127 million, a 1.2% YoY increase. Operating EBITDA stood at ₹2,350 million, with an EBITDA margin of 17.8%. Net income reached ₹1,686 million, up 7.1% QoQ, translating to a net margin of 12.8%.

CEO Warren Harris noted the resilient performance amid economic uncertainties, highlighting four large deals secured this quarter, with optimistic prospects in Digital Engineering, Smart Manufacturing, and Gen AI. CFO Savitha Balachandran emphasized strong cash conversion, with free cash flow exceeding 100% of net income and a robust net cash position of $154 million.

Significant new contracts include a partnership with a European Luxury Automotive OEM for electric vehicle development and a multi-year engagement to streamline engineering processes for a North American Automotive OEM. This positions Tata Technologies for continued growth and solidifies its market standing.