Tata Technologies on Monday saw an 8 per cent year-on-year (YoY) rise in consolidated net profit for the March quarter, helped by strong revenue growth and margin expansion, and announced both a final and special dividend.
The engineering services firm posted a net profit of Rs 204 crore for the quarter ended March, compared with Rs 189 crore a year earlier. Operating revenue rose 15.1 per cent quarter-on-quarter (QoQ) to Rs 1,572.2 crore.
Revenue from the services segment climbed 15.0 per cent sequentially to Rs 1,219.6 crore. In dollar terms, services revenue stood at USD 132.6 million, up 11.9 per cent QoQ in constant currency.
Operating earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 30.7 per cent from the previous quarter to Rs 252.1 crore, lifting the EBITDA margin to 16.0 per cent from 14.1 per cent. Adjusted net income rose 20.3 per cent sequentially to Rs 162.5 crore, with the adjusted net income margin improving by 45 basis points to 10.3 per cent.
The company’s workforce stood at 12,646 at the end of the quarter, while last-twelve-month attrition was 16.2 per cent.
The board recommended a final dividend of Rs 8.35 per equity share and a special dividend of Rs 3.35 per share, subject to shareholder approval at the annual general meeting.
Chief Executive Officer and Managing Director Warren Harris said the momentum built in the previous quarter carried into the March period, delivering 12 per cent revenue growth in constant currency and a 190-basis-point margin expansion.
“This marks a clear inflection for the business, with growth broad-based rather than concentrated in any single customer or programme,” Harris said, adding that improving order-book visibility and higher wins in full-vehicle programmes underpin confidence in achieving double-digit organic growth with sustainable margin expansion in fiscal 2027.
Chief Financial Officer Uttam Gujrati said the company delivered a strong quarter with robust free cash flow generation, aided by operating leverage and a sustained focus on efficiency, as it enters the new fiscal year with solid momentum. |
