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Tata Technologies Set to Unveil Q2 Results Today, After Blockbuster IPO Last Year; Explore Details!

Tata Technologies is announcing its Q2 results today. The company had a stellar IPO debut in 2023 with a 140% premium, marking the first Tata Group IPO since 2004.
Tata Technologies Set to Unveil Q2 Results Today, After Blockbuster IPO Last Year; Explore Details!

Tata Technologies, a subsidiary of Tata Motors, is set to declare its Q2 results today. The company enjoyed a remarkable debut on November 30, 2023, starting with a 140% premium over its IPO price of ₹500. This marked the first Tata Group IPO in nearly two decades since Tata Consultancy Services went public in 2004.

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Tata Technologies specialises in engineering and product development digital services, reaching a record high stock price of ₹1,400 shortly after listing. The initial public offering was priced between ₹475 and ₹500 per share and was entirely an offer for sale of 6.08 crore equity shares.

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In the first quarter of FY25, the company reported a 15.4% decrease in consolidated profit after tax, which stood at ₹162.03 crore, affected by rising expenses. However, the consolidated revenue slightly increased to ₹1,268.97 crore from ₹1,257.53 crore in the same quarter the previous year.

The company operates within the engineering research & development (ER&D) sector. According to Nasscom, India is projected to contribute 22% to the global ER&D sourcing market by FY30, with significant contributions from the software, automotive, and semiconductor sectors.

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Tata Technologies’ CEO, Warren Harris, noted the positive market conditions and ongoing investments in alternative propulsion systems, software-defined products, and smart manufacturing. He also expressed optimism for accelerated revenue growth in the services sector starting this quarter.

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Among its prominent clients are Tata Motors and JLR, as well as VinFast, a Southeast Asian electric vehicle OEM, placing the company at the forefront of innovation and market adaptation in its field.

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