Profits of this Tata company fall by 27%; Markets react

Tata Technologies Ltd.'s stock experienced a 5% decline following a decrease in its fourth-quarter net profit and revenue. Despite a 1% quarterly revenue increase to Rs. 1,301 crore, year-over-year revenue dropped by 7%. Net profit also declined, falling by 8% quarterly and 27% annually to Rs. 157 crore. The company completed 12 major agreements in FY24, expanding its clientele.