Introduction:
The Tata Group, a major player in various sectors, has seen diverse stock movements in Q3. The group’s companies continue to impact key industries, with performance trends shaping investor sentiment.
Below are the details of how Tata Group companies performed during the third quarter. The results show a mix of positive and negative trends shaped by each company’s market conditions.
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Tata Consultancy Services Ltd
On January 17, Tata Consultancy Services Ltd (BSE: TCS) opened at ₹4165.00, reached a high of ₹4165.00, and a low of ₹4100.50, closing at ₹4125.70, down by 1.96%. The company’s market capitalisation is ₹14,92,714.37 crore.
Tata Consultancy Services reported Q3 revenue of ₹63,973 crores, reflecting a 5.6% year-over-year growth. The operating margin stood at 24.5%, while the net margin was 18.6%. EPS also grew by 6.4% year-over-year.
Tata Consultancy stock reported a modest 0.03% return in Q3, reflecting stable performance. The company is a leader in the IT services sector, driving digital transformation for global clients. TCS is a key player in India’s tech industry.
Tata Elxsi Ltd
On January 17, Tata Elxsi (BSE: TATAELXSI) opened at ₹6199.70, reached a high of ₹6250.00, and a low of ₹6144.70, closing at ₹6211.35, up by 0.37%. The company’s market capitalisation is ₹38,686.36 crore.
Tata Elxsi reported Q3 FY25 revenue of ₹939.17 crore, a 3% increase from ₹914.23 crore in Q3 FY24. Net profit fell 3.5% to ₹199 crore, compared to ₹206.43 crore last year. EPS for the quarter stood at ₹33.15, reflecting a 3.2% QoQ and 6% YoY growth.
Tata Elxsi saw a decline of 13.44% in stock returns for Q3, reflecting challenges in the market. Known for its innovation in the design and technology space, the company serves industries like automotive, healthcare, and media. Tata Elxsi excels in cutting-edge technology solutions.
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Nelco Ltd
On January 17, Nelco Ltd (BSE: NELCO) opened at ₹1179.95, reached a high of ₹1179.95, and a low of ₹1119.70, closing at ₹1127.00, down by 1.37%. The company’s market capitalisation is ₹2,571.63 crore.
Nelco Ltd reported Q3 FY24 net revenue of ₹80.72 crore, a 3.03% decline from ₹83.24 crore in Q3 FY23. Quarterly net profit decreased by 19.51% to ₹4.95 crore, and EBITDA fell 20.16% to ₹13.70 crore. EPS for the quarter stood at ₹2.17, down 19.33% YoY.
Nelco Ltd stock posted a positive return of 16.20% in Q3, showing strong growth. The company is a prominent player in satellite communication and is expanding its service offerings. Nelco strengthens its position in India’s telecom and satellite industry.
Please Note: Other Tata Group companies have yet to announce their Q3 results.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.