Tata Tech Q4 results: Net profit falls 28% YoY to ₹157 crore, declares dividend
Tata Tech Q4 results: Tata Technologies released their January to March quarter results on Friday and posted a 28% decline in their year-on-year net profit which plunged from ₹216.5 crore in Q4FY23 to ₹157.2 crore during the quarter ending March 2024. During the period under review, the revenue from operations of Tata Technologies declined 7% from ₹1,402.3 crore to ₹1,301 crore.
The board of the Tata Technologies has recommended a final dividend of ₹8.40 and special dividend of ₹1.65 per equity share of ₹2 each. “Recommend a final dividend of Rs. 8.40 and special dividend of Rs. 1.65 per Equity share of Rs. 2 each of the Company for the financial year ended March 31, 2024. The dividend, if approved at the Annual General Meeting (‘AGM’), shall be paid/dispatched on or after the third day from the conclusion of the 30th AGM,” the company said in a regulatory filing.
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Published: 03 May 2024, 04:16 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.