{"id":123660,"date":"2024-05-06T11:40:12","date_gmt":"2024-05-06T06:10:12","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=123660"},"modified":"2024-05-06T11:40:17","modified_gmt":"2024-05-06T06:10:17","slug":"tata-group-stock-falls-5-after-companys-net-profit-decreased-by-27-in-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tata-group-stock-falls-5-after-companys-net-profit-decreased-by-27-in-yoy\/","title":{"rendered":"Tata Group stock falls 5% after company\u2019s net profit decreased by 27% in YoY"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2158520245\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of the engineering and digital services provider fell up to 5 percent after the company\u2019s net profit and revenue decreased respectively in the fourth quarter.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-843597760\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 42,406.56 crore, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TATATECH\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Tata Technologies Ltd<\/a><\/strong> were trading at Rs 1,044.75 per share, decreasing around 4 percent as compared to the previous closing price of Rs 1,085.90 apiece.\u00a0<\/p><p>Looking into the company&#8217;s performance, Tata Technologies Ltd&#8217;s revenue increased by 1 percent on a quarter-on-quarter basis from Rs. 1,289 crore in Q3FY24 to Rs.1,301 crore in Q4FY24. Further, revenue decreased by 7 percent year on year, from Rs. 1,402 crore in Q4FY23 to Rs. 1,301 crore in Q4FY24.&nbsp;<\/p><p>Tata Technologies Ltd&#8217;s net profit decreased by 8 percent on a quarter-on-quarter basis, from Rs. 170 crore in Q3FY24 to Rs. 157 crore in Q4FY24. Further, net profit decreased by 27 percent year on year from Rs. 217 crore in Q4FY23 to Rs. 157 crore in Q4FY24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-792196087\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In FY24, the business closed 12 significant agreements, including one for more than $50 million and five for $15 to $25 million. Its client pyramid continues to improve, with two new additions in the $10-50 million area, two in the $5-10 million category, and three in the $1-5 million category.&nbsp;<\/p><p>In terms of Tata Tech&#8217;s strategic expansion, the company and BMW entered into a strategic joint venture agreement to create Automotive Software and Business IT solutions. Tata Technologies has also signed a five-year Memorandum of Understanding (MoU) with the Telangana government to build &#8220;Advanced Technical Skill Training Centers&#8221; at 65 industrial training institutes across the state.&nbsp;<\/p><p>The company&#8217;s profitability measures show an incline in return on equity (RoE) from 24.48 percent in FY 21-22 to 57.04 percent in FY 22-23, while, during the same period return on capital employed (RoCE) increased from 30.93 percent to 64.28 percent. In contrast, the net profit margin (NPM) was 25.15 percent in fiscal year 22-23.&nbsp;<\/p><p>Tata Technologies Limited is an Indian multinational product engineering business that offers engineering and design, product lifecycle management, manufacturing, product development, and IT service management to automotive and aerospace OEMs.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-82897379\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of the engineering and digital services provider fell up to 5 percent after the company\u2019s net profit and revenue decreased respectively in the fourth quarter.&nbsp; With a market capitalization of Rs 42,406.56 crore, the shares of Tata Technologies Ltd were trading at Rs 1,044.75 per share, decreasing around 4 percent as compared to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":32602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,3153,3157,2597,8474,16045,17298],"class_list":["post-123660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-tata-technologies-latest-news","tag-tata-technologies-share-price","tag-why-is-tata-technologies-share-falling"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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