URL copied to clipboard

Trending News

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.

Alice Blue Image

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.

Also Read: Usha Financial Services IPO Allotment – Get More Details!

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.

Also Read: Waaree Energies Limited IPO Listed with 66.33% – Key Details Inside

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.

Alice Blue Image

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.

Loading
Submit the form, and get to know how you scored!!!
Read More News

ऑटो एंसिलरी स्टॉक में उछाल, इंडस्ट्रियल और ऑटोमोटिव कारोबार को स्टॉक एक्सचेंज पर लिस्ट करने की घोषणा के बाद।

ऑटो एंसिलरी स्टॉक का डिमर्जर इंडस्ट्रियल और ऑटोमोटिव बिजनेस को अलग करता है, जिससे संचालन को सरल बनाया जा सके