Tata Technologies will announce its Q3 results today. Here's what to expect
Tata Technologies will report its third quarter later on Tuesday. The company likely had a subdued quarter with flattish revenues and expected decline in the bottomline.
JM Financial estimates the revenues to rise by a marginal 0.3% year-on-year (YoY) to Rs 1,301 crore, while another brokerage Kotak Equities sees the same to grow by 0.2% YoY to Rs 1,292 crore.
Net profit for the quarter is likely to fall nearly 8% YoY in the October-December 2024 period to Rs 157 crore, according to Kotak estimates.
The company had earlier expressed confidence that the second half of the current fiscal will be better than the first half on the back of a healthy order book and pipeline combined with the positive momentum within anchor accounts.
The brokerage sees constant currency revenue growth of 0.1% quarter-on-quarter (QoQ) for the services segment. Services segment revenue growth would be impacted by general weakness in auto and moderation in spends at anchor clients.
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