Tata Technologies shares tumble 3% following weak Q3 results
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Tata Technologies shares tumbled 3% to their day’s low of Rs 792 on the BSE on Wednesday, January 22, after the company reported a 1% fall in its consolidated net profit for the quarter ended December 31, 2024, to Rs 169 crore versus Rs 170 crore posted in the year-ago period. The Q3FY25 revenue from operations stood at Rs 1,317 crore, which grew by 2% versus Rs 1,289 crore in the corresponding quarter of the previous financial year. On a sequential basis, the profit after tax (PAT) grew 7% as against Rs 157 crore posted in Q2FY25. Meanwhile, the topline increased 1.6% versus 1,296 crore in the July-September quarter. The earnings were announced after market hours and Tata Technologies shares ended at Rs 816.75 on the BSE, gaining by Rs 4.30 or 0.53% over Monday's closing price. Tata Technologies reported the total operating revenue at Rs 1,317.4 crore, up 2.2% YoY and 1.6% QoQ. The services segment revenue stood at Rs 1,013 crore, an...