Home / Business and Economy / Tata Tech Profit Dips 5.2%, Revenue Surges 22.2%
Tata Tech Profit Dips 5.2%, Revenue Surges 22.2%
14 Oct
Summary
- Net profit declined 5.2% YoY to ₹171.4 crore for the September quarter.
- Revenue in US dollar terms grew 22.2% year-on-year in constant-currency.
- Secured a $138 million program with a luxury European automaker.
Tata Technologies announced a 5.2% year-on-year decrease in consolidated net profit for the September quarter, reaching ₹171.4 crore. This occurred even as the company's revenue saw a substantial increase of 22.2% in constant-currency terms. Revenue from operations grew by 28.4% YoY to ₹1,698.8 crore.
The company's services segment revenue climbed 33.9% YoY to ₹1,355.7 crore. During the quarter, Tata Technologies secured significant new business, including a $138 million program with a luxury European automotive OEM for product development and manufacturing engineering across two vehicle platforms.
Further bolstering its order book, the company was selected by a North American commercial vehicle manufacturer to lead a new vehicle platform's end-to-end development. Additionally, a global automotive OEM partnered with Tata Technologies for next-generation vehicle software platform development and virtual validation.
Despite near-term challenges in specific segments, Tata Technologies' leadership expressed confidence in sustained double-digit growth for the fiscal year 2027, supported by robust demand and ongoing program ramp-ups. The company's workforce grew to 12,895 employees.
