Tata Technologies consolidated PAT down 28% YoY to Rs 157 cr

Mumbai: Tata Technologies reported a 28% decrease in its consolidated net profit, amounting to Rs 157 crore for the quarter ending March 31, 2024.

IBNS • 3 May 2024, 10:26 am

Tata Technologies consolidated PAT down 28% YoY to Rs 157 cr

Share this article

This marks a decline from the consolidated net profit of Rs 217 crore recorded in the corresponding period of the previous year.

The company's board sanctioned a final dividend of Rs 8.40 and a special dividend of Rs 1.65 per equity share with a face value of Rs 2 for the fiscal year ending March 31, 2024.

The firm's revenue from operations also experienced a downturn, decreasing by 7% to Rs 1,301 crore in Q4FY24 compared to Rs 1,402 crore in Q4FY23.

Furthermore, the company announced the re-appointment of Warren Kevin Harris as CEO and Managing Director for a term of 3 years and 6 months, effective from September 9, 2024, to March 8, 2028.