May 19, 2024 05:27 (IST)
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Tata Technologies consolidated PAT down 28% YoY to Rs 157 cr

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

India Blooms News Service | @indiablooms | 03 May 2024, 08:55 pm

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

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.

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