Shares of Tata Technologies Ltd. were trading with losses of over 5% on Tuesday, April 29, after a large block deal in which 1.6 crore shares of the company changed hands at a per-unit price of ₹683.
The deal, which involved a 3.95% equity in Tata Tech, is said to be worth around ₹1,094 crore, and private equity firm TPG Rise Climate was looking to sell its stake in it.
BofA Securities is the sole banker of the deal.
Tata Tech reported its March quarter results on April 25, where profit growth rose 20%, compared to the same period last year. Net profit for the quarter stood at ₹189 crore.
Revenue came in at ₹1,286 crore, which is marginally higher than ₹1,301 crore reported in the same quarter last year.
Tata Tech's EBITDA stood at ₹233.5 crore, while margin for the quarter narrowed to 18.2% from 18.5% last year.
The company has also recommended a final dividend of Rs 8.35 and one-time special dividend of Rs 3.35, aggregating to Rs 11.70 per equity share for the financial year ended March 31, 2025.
In an interaction with CNBC-TV18, Tata Technologies Managing Director and CEO Warren Harris said that the macroeconomic environment remains uncertain, but he is hopeful that the tariff situation will gain some clarity over the next month.
Harris added that the company's performance in FY26 will depend on the broader macroeconomic conditions and the extent of clarity achieved.
"At the start of the year, we were planning for double-digit growth in FY26, but we are cognizant of the macro headwinds. Our priority is to protect margins," he said.
Out of the 15 analysts that have coverage on Tata Tech, 11 of them have a 'Sell' recommendation, while four of them have a 'Buy' rating.
Shares of Tata Technologies Ltd. ended 1.54% higher on Monday at Rs 703.85. The stock is down 21% so far this year.
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