Q2 Results: Tata Group company's profit fell, keep an eye on the stock

Tata Group company Tata Technologies has announced its quarterly results. The company said that the company's profit has come down to Rs 157 crore in the quarter ended September 2024, from Rs 162 crore in the quarter ended June 2024. This quarter-on-quarter decline in the company's profit is 3 per cent. The company said in the filing that in the same quarter of the previous financial year, Tata Technologies had registered a profit of Rs 160.4 crore.

Tata Tech has said in an exchange filing that the company's income has increased to Rs 1296 crore in the quarter ended September 2024, from Rs 1269 crore in the previous quarter. The company's EBITDA has increased by 10 per cent from Rs 214.4 crore in the second quarter of the last financial year to Rs 235.6 crore in the second quarter of this financial year. Stock performance The company's stock closed 0.95 per cent down at Rs 1,001.80 on Monday. The company's stock has seen a decline of 23.70 per cent in the last one year. The 52-week high of the stock is Rs 1,400. 

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