Latest news with #TataTechnologies'
Business Upturn
5 days ago
- Business
- Business Upturn
Tata Tech shares lower after large block deal of 2.1% equity today
By Aditya Bhagchandani Published on June 4, 2025, 09:27 IST Shares of Tata Technologies Ltd traded lower on Tuesday after a large block deal involving a 2.1% equity stake, valued at approximately ₹634 crore, hit the markets. The deal was executed at a floor price of ₹744.5 per share, representing a 3% discount to Tata Technologies' closing price of ₹767.5 on June 3. As per media reports, the stake was sold by US-based private equity firm TPG through its arm TPG Rise Climate SF Pte Ltd. The transaction is being facilitated by BofA Securities and is reportedly structured as a 'clean-up trade,' indicating a strategic exit by the investor. Tata Technologies' stock opened on a weaker note and was trading at ₹762.80, down 0.61% from the previous close. The day's trading range was ₹754.20 to ₹765.50. The company's market cap stood at ₹308.26 billion, with a trailing P/E ratio of 45.67 and dividend yield of 1.10%. TPG's partial exit comes after a strong performance by Tata Tech stock, which has gained over 15% in the past month. Neither TPG nor BofA Securities has issued an official statement on the deal as of now. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
29-04-2025
- Business
- Mint
Tata Technologies share price tanks 6% as TPG likely sells 3.95% stake via block deal; stock down 50% from listing price
Tata Technologies share price today: Tata Technologies, part of the Tata Group, saw its shares slump 6% in early trade on Tuesday, April 29, to ₹ 662 apiece, after 16 million shares, or 3.95% of the company's total equity, changed hands in a block deal window today. The buyers and sellers, however, were not immediately known. On Monday, April 28, NDTV Profit reported that TPG Rise Climate, an entity linked to US private equity firm TPG Inc., was looking to sell 15.86 million shares, or a 3.89% stake, in the company. Sources told NDTV Profit that the private equity firm planned to sell shares in a price range of ₹ 670 to ₹ 699, with a discount of as much as 5% to Monday's closing price. The climate-focused investor held a 6.01% stake, with nearly 2.43 crore shares in Tata Technologies as of March 2025. Tata Technologies' primary business line is services, including providing outsourced engineering services and digital transformation services to global manufacturing clients, helping them conceive, design, develop, and deliver better products. Tata Technology's shares debuted on the Indian stock market on November 30, 2023, listing at ₹ 1,200 apiece against the IPO price of ₹ 500. Despite a strong entry on Dalal Street, the stock couldn't sustain the momentum in the following months and has closed in the red in 13 out of the last 18 months (including April), losing 50% of its value. However, it is currently trading 32% above its IPO price. On April 25, the company reported a net profit of ₹ 188.87 crore for the January–March quarter of FY25, marking a 20% improvement compared to a net profit of ₹ 157.24 crore reported in the corresponding quarter of the previous financial year. While net profit rose, Tata Technologies' revenue from operations declined by 1.18% year-on-year (YoY) to ₹ 1,285.65 crore. Its operating EBITDA stood at ₹ 233 crore, with operating profit margins remaining flat at 18%. Tata Technologies also announced a final dividend of ₹ 8.35 per share and a one-time special dividend of ₹ 3.35 per share. While announcing its Q4 results, Tata Tech said it closed a total of 17 large deals in FY25, which included one marquee deal exceeding $500 million, two $50-million-plus deals, and one $20-million-plus deal. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions. First Published: 29 Apr 2025, 10:07 AM IST
Business Standard
25-04-2025
- Business
- Business Standard
Tata Technologies Q4 PAT climbs 12% QoQ to Rs 189 cr
Tata Technologies' consolidated net profit jumped 12% to Rs 188.87 crore, despite a 2.41% decline in revenue from operations to Rs 1,285.65 crore in Q4 FY25 over Q3 FY25. On a year-over-year (YoY) basis, the companys net profit jumped 20.12% while revenue declined 1.18%. Profit before tax (PBT) stood at Rs 258.09 crore during the quarter, up 14.1% QoQ and 11.83% YoY Operating EBITDA shed 0.3% to Rs 233.4 crore in Q4 FY25 as compared with Rs 234 crore in Q3 FY25. Operating EBITDA margin improved to 18.2% in Q4 FY25 as against 17.8% in Q3 FY25. Revenue from services segment was up 1.1% QoQ and 2.9% YoY to Rs 1,024.1 crore. During the quarter, LTM stood at 13.2% as against 12.9% in Q3 FY25. In dollar terms, total operating revenue stood at $ 148.3 million, down 4.7% QoQ. Services segment revenues came in at $118.1 million. In constant currency services, revenue remained flat sequentially. On financial year basis, the companys consolidated net profit declined 0.36% to Rs 676.95 crore in FY25 as compared with Rs 679.37 crore in FY24. Revenue from operations rose 1% to Rs 5168.45 crore in FY25 as against Rs 5,117.20 crore in FY24. Warren Harris, chief executive officer and managing director, said: I am pleased with the way our business performed in fiscal year 25. Over the year, we closed a total of 17 large deals which included one marquee deal exceeding $500 million, two $50 million plus deals, and one $20 millionplus deal. We continued strengthening our customer base, with 44 customers now in the milliondollar-plus category. We remain optimistic about medium-to-long-term automotive ER&D spending, driven by sustained innovation in electric, autonomous, and sustainable mobility. Our deep domain expertise, expanded SDV offerings and AI solutions across the product value chain position us well as the sector resets. Savitha Balachandran, chief financial officer, said: This quarter, we achieved strong profitability and solid cash flow performance despite operating in a demanding environment, through our unwavering and rigorous execution. FY25 represents the fourth consecutive year of margins exceeding 18%; we also achieved the highest cash flows in the company's history. Moving forward, we remain committed to maintaining operational discipline while making thoughtful investments in talent and capabilities to drive long-term value for our stakeholders. Meanwhile, the companys board recommended a final dividend of Rs 8.35 per share and one time special dividend of Rs 3.35 per share for approved at the annual general meeting (AGM), shall be paid/dispatched within the statutory time limit of 30 days from the conclusion of the AGM. Tata Technologies is a global product engineering and digital services company. Shares of Tata Technologies declined 3.34% to end at Rs 693.25 on the BSE.
