Tata Tech released its financials for Q4 FY24

Tata tech released its financials for Q4 FY24. the revenue of the company increased by 2.8% year-on-year (y-o-y) from Rs 696 Cr inQ4 FY23 to Rs 716 Cr in Q4 FY24. The operating margins slightly declined by 0.6% from 27.1% in Q4 FY23 to 26.7% Q4 FY24 and the net profit of the company declined by 14.9% from Rs 94 Cr. to Rs 80 Cr. The y-o-y results are not good as the stock is trading at a premium P/E multiple of 70.6 vs the industry average industry P/E of 55.2