Conference Call with Tata Technologies Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
IT Software Products company Tata Technologies announced Q2FY25 results Total operating revenue at Rs 12,965 million, up 2.1% YoY and 2.2% QoQ. Services segment revenue of Rs 10,051 million, an increase of 1% YoY and 2.0% QoQ. Operating EBITDA at Rs 2,355 million, up 9.9% YoY and 1.9% QoQ. EBITDA margin at 18.2%, vs. 16.9% YoY and 18.2% QoQ. Net income at Rs 1,574 million; Net margin at 12.1%. 60 bps improvement in [LTM] attrition to 13.1%. Net headcount addition of 175; Workforce strength of 12,680. Warren Harris, Chief Executive Officer and Managing Director, said: “Our Services business has returned to sequential growth this quarter with a 2% increase in revenue. Our order book and pipeline remain healthy and combined with the continued positive momentum within our anchor accounts, we are confident that the second half of the fiscal year will show a stronger performance compared to the first half. The long-term fundamentals of our business remain sound. I would like to express my sincere gratitude to all our employees for their unwavering dedication and commitment to delivering exceptional service to our clients.” Savitha Balachandran, Chief Financial Officer, said: “We remain focussed on maintaining a balanced approach of upholding operating discipline while strategically investing in capabilities to capitalize on the emerging opportunities in the industries of our key customer segments. Our EBITDA margin for the quarter stood at 18.2%, supported by improvements in utilization and increased offshoring. Additionally, our disciplined execution led to strong cash conversion in the first half of the year, with free cash flow to net income conversion exceeding 100%. We are committed to delivering long-term value for all our stakeholders.” Result PDF
Conference Call with Tata Technologies Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.