Tata Tech Q4 PAT falls 27%, FY24 net rises to „679 crore
Brake linings and disc pads manufacturer Rane Brake Lining Ltd. has recorded a 28% rise in prot after tax for the January-March quarter at 15.4 crore.
Total revenue grew by 12.6% to 186.7 crore.
For the nancial year ended March 31, prot after tax rose by 20.4% to 40.3 crore. Total revenue grew 9.2% to 663 crore.
The board has recommended a dividend of 30 per equity share on the paid-up capital of 77,29,871 shares of 10 each. The company, in a statement, said it achieved the highest sales for the quarter and the nancial year 2023-24.
Tata Technologies Ltd. (TTL) reported Q4 consolidated net prot declined 27% to 157.2 crore from 216.56 crore in the yearearlier period. Net margin was at 12.1%.
For the quarter ended March, the rm reported lower revenue from operations at 1,301 crore against 1,402 crore a year earlier.
For FY24, TTL’s net rose to 679 crore from 624 crore in FY23. Revenue from operations rose by 15.9% YoY to 5,117 crore.
The board recommended a nal dividend of 8.40 per equity share, and a special dividend of 1.65 per equity share.
Warren Harris, CEO, TTL said, “In the last 3 years, our revenue from operations grew at 29% CAGR while operating EBITDA grew at a 35% CAGR. We closed a total of 12 large deals in FY24 which included one $50 million plus deal, and ve deals in the $15 to $25 million range.”
“Our large deal pipeline remains healthy and continues to grow. We are engaged in several large deal discussions with existing and new customers and anticipate an uptick in deal conversions in the current quarter. We continue to lead our industry in Gen AI and Software Dened Devices (SDx) services – as evidenced by the endorsement that we have received from BMW,” he added.
Savitha Balachandran, CFO, said, “We will continue to follow a balanced approach of exercising operational discipline while strategically investing in capacity and capabilities to seize the opportunity presented by the industry’s structural transformation.”
“Overall, I am pleased with our execution in FY24 and, also with having delivered over 18% margins consistently over the last three consecutive years, Ms. Balachandran said.