Tata Technologies shares hit 52-week low as Q3 profit declines, revenue sees modest growth 

Shares of Tata Technologies hit a 52-week low following disappointing Q3 results. The stock closed at ₹798.95 on the NSE, on Wednesday, down by 2.19 per cent coinciding with the company’s Q3 results showing a decline in net profit. 

Tata Technologies’ net profit dipped by 3.75 per cent y-o-y  to ₹226.19 crore from ₹235 crore in the same quarter last year.. Its revenue increased 2.17 per cent to ₹1,317.38 crore (₹1,320.14 crore). The profits, however, took a hit as the company’s expenses rose to ₹1,119.31 crore, up by 3.14 per cent from ₹1,085.14 crore in the previous year. 

Tata Technologies is a global engineering and product development digital services company, offering solutions in the automotive, aerospace, and industrial sectors.