Tata Tech Q4 net profit falls 28% to Rs 157 cr, declares total dividend of Rs 10.05

Tata Technologies on May 3 reported 28% decline in consolidated net profit at Rs 157 crore for the quarter ended March 31, 2024. It reported consolidated net profit of Rs 217 crore in the year-ago period. The firm said its board approved a final dividend of Rs 8.40 and special dividend of Rs 1.65 per equity share of Rs 2 face value for the financial year ended March 31, 2024. On May 3, the Tata group firm's shares closed trading 0.5% lower at Rs 1,085 apiece. The firm's revenue from operations declined 7% to Rs 1,301 crore in Q4FY24 as against Rs 1,402 crore in Q4FY23