The profit of this Tata company is decreasing

Business Business: Tata Technologies, part of the Tata Group, on Tuesday announced its financial results for the quarter ended December 31, 2024. The company’s net profit fell in the December quarter. Tata Technologies’ net profit fell 1 per cent to Rs 169 billion in the October-December period from Rs 170 billion in the same period last year. At the same time, the company’s revenue grew 2% to Rs 1,317 crore, from Rs 1,289 crore in the same period last year. On a quarterly basis, the company’s profit after tax (PAT) grew 7% to Rs 157 crore in the second quarter of FY25. Meanwhile, revenue grew 1.6 per cent to Rs 1,296 crore in the July-September period. It said the quarterly results were announced after market close. Shares of Tata Technologies closed at Rs 816.75 on the BSE, up Rs 4.30 (0.53 per cent) from Monday’s close.

Tata Tech shares have been in the negative zone since the beginning of the year. The company’s shares fell 9% in about 15 trading days in January. It fell 28% in a year and 20% in 6 months. The company’s share price is at its highest level in the last 52 weeks at Rs 1179 and the lowest price in the last 52 weeks is Rs 791. The market capitalization is Rs 33,132.98 billion. Tell them that the company’s share price is down more than 30% from its all-time high.