The board of the company also proposed a final dividend of ₹8.35, along with a one-time special dividend of ₹3.35, totaling ₹11.70 per equity share for the financial year ending March 31, 2025. This will result in an estimated cash outflow of around ₹474.63 crore.

JM Financial maintains ‘BUY’ call post Q4

Post Q4 results, JM Financial maintained ‘BUY’ call on Tata Tech with a target price of ₹850 per share. The brokerage has lowered growth expectations due to uncertain macro, challenging demand environment and caution among auto clients. “Our YoY cc growth expectations have been lowered by 174-112 bps over FY26-27E. As a result, our revenue expectations for FY26FY27E have been lowered by 2.0%-2.9%.”

“Our PAT estimate for FY26 has been revised higher by 1.6%. Higher margin estimates and higher contribution from BMW JV lead to increase in PAT estimates despite slower growth. FY27 PAT estimates have been revised lower by 3%,” the brokerage said in a report.

Tata Tech has indicated continued caution among auto clients, but outlook in aerospace remains strong, as it expands footprint beyond Airbus to its supply-chain providers. The joint venture with BMW is progressing ahead of expectations, which could help in making further in-roads in other German OEMs, as they look to offshore more – a prospect looking increasingly probable, JM Financial said in its report. It would also help in navigating twin challenges of Chinese competition and U.S. tariffs.

Overall, the brokerage expects sequential growth to progressively improve through the quarters. In tech solutions, the company believes growth to gradually recover (likely Q2) and build momentum through the second half of the current fiscal. Margin outlook remains stable.

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Tata Tech shares plunge 6% post Q4 results; here’s why