Conference Call with Tata Technologies Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
IT Software Products company Tata Technologies announced Q3FY25 results Total operating revenue at Rs 13,174 million, up 2.2% YoY and 1.6% QoQ. Services segment revenue of Rs 10,127 million, an increase of 1.2% YoY and 0.8% QoQ. Services segment revenue in constant currency up by 1.1% QoQ. Operating EBITDA at Rs 2,350 million; EBITDA margin at 17.8%. EBIT up 3.1% QoQ to Rs 2,119 million; EBIT Margin up 20 bps QoQ to 16.1%. Net income at Rs 1,686 million; up 7.1% QoQ. Net margin at 12.8%, an increase of 70 bps QoQ. 20 bps sequential improvement in [LTM] attrition to 12.9%. Workforce strength of 12,659. Warren Harris, Chief Executive Officer and Managing Director, said: “I am encouraged by the resilience our business has demonstrated in uncertain economic conditions with revenue growth across both our business segments. We secured four large deals this quarter, and our pipeline remains healthy. We are seeing opportunities across Digital Engineering, Smart Manufacturing, Gen AI, and Embedded Software Solutions, fostering measured optimism for Q4 and FY26. We are also investing in advanced tools and capabilities to position ourselves for accelerated growth as policy clarity improves and investments in new product development rebounds.” Savitha Balachandran, Chief Financial Officer, said: “I am pleased with our Q3 performance, marked by 1.7% top-line growth and a 7% sequential increase in PAT. This performance underscores the strength and adaptability of our diversified service offerings, which enabled us to navigate the complexities of the quarter effectively. Our disciplined execution drove strong cash conversion in the first nine months, with free cash flow exceeding 100% of net income. This further strengthened our balance sheet, with a net cash position of $154 million at the end of December. We remain dedicated to delivering sustainable, long-term value for all stakeholders.” Result PDF
Conference Call with Tata Technologies Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.