India's Tata Technologies reported a bigger-than-expected third-quarter profit, aided by improved demand in its services and technology segments. Tata Technologies provides engineering and technology services to automobile,

Tata Technologies is anticipated to report subdued Q3 results, with a decline in both revenue and net profit. The EBIT margin is also expected to narrow, primarily due to the impact of wage hikes.

Tata Technologies reports steady profit growth and new deal wins, focusing on sustainable value creation and innovation.

Tata Technologies net profit for Q3 of the October-December 2024 period is expected to decline by approximately 8% year-on-year, reaching Rs 157 crore, as per Kotak estimates.

The EBITDA margin stood at 17.8% in the reporting quarter versus 18.4% in Q3 FY24. Shares of Tata Technologies Ltd ended at ₹816.75, up by ₹4.30 or 0.53% on the BSE.

The Tata Group stock ended 0.53% higher at Rs 816.75 on Tuesday against the previous close of Rs 812.45 on BSE.

Tata Technologies reported a 1% YoY decline in consolidated net profit for Q3FY25, earning ₹168.64 crore compared to ₹170.22 crore in the same quarter last year.