Tata Technologies profit dips 0.9% YoY, rises 7% sequentially

Tata Technologies, product engineering and digital services company of the Tata group, has reported a drop of 0.9% year-on-year (YoY) in net profit at Rs 168.6 crore for the third quarter ending December 2024. Profit was helped by improvement in its services business in a seasonally weak environment and global challenges in the electric vehicle (EV) market.The profit stood at Rs 170.2 crore in December quarter 2023 helped by growth in services revenue. Sequentially, the profit rose 7.1% from Rs 157.4 crore in the September quarter of the ongoing…