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Tata Technologies
Global product engineering and digital services firm Tata Technologies Ltd on Monday reported an 8 per cent increase in consolidated net profit to Rs 204.17 crore during the March quarter. The company had posted a consolidated net profit of Rs 188.87 crore in the corresponding quarter of the previous fiscal year, Tata Technologies Ltd said in a regulatory filing. Consolidated revenue from operations in the fourth quarter was at Rs 1,572.22 crore as compared to Rs 1,285.65 crore in the year-ago period, it added. Total expenses in the fourth quarter were higher at Rs 1,382.62 crore as compared to Rs 1,088.2 crore in the year-ago period, it added. For FY26, consolidated net profit was at Rs 546.59 crore as compared to Rs 676.95 crore in FY25. Consolidated revenue from operations in FY26 stood at Rs 5,505.57 crore as against Rs 5,168.45 crore in FY25, the company said. Commenting on the performance, Tata Technologies Ltd CEO & MD Warren Harris said the company has been able carry ...
Global product engineering and digital services firm Tata Technologies on Saturday said it will acquire 100 per cent stake in Germany-based ES-Tec Group and its subsidiaries for a total cash consideration of 75 million euros (over Rs 775 crore). The company has entered into a definitive agreement to acquire 100 per cent equity shares of ES-Tech GmbH and its subsidiaries (collectively, ES-Tec Group), Tata Technologies said in a statement. The consideration will be paid over the next two years and includes performance-based earn-outs, it added. "The acquisition of ES-Tec Group is a strategic leap that enhances our ability to deliver end-to-end product engineering solutions across the automotive value chain and represents our commitment to expand our global footprint in accessing innovative engineering capabilities," Tata Technologies MD & CEO Warren Harris said. Founded in 2006 and headquartered in Wolfsburg, Germany, ES-Tec Group is a premium automotive engineering services ...
Global product engineering and digital services firm Tata Technologies Ltd expects its return to healthy growth by the second quarter of this fiscal anticipating bilateral trade pacts between the US and its trade partners and the emergence of clarity after President Donald Trump's tariff shock, its CEO and Managing Director Warren Harris said. Having grappled with softness in the market over the last 12 months, he told PTI that the company was entering the new fiscal year "relatively bullish" before Trump's "tariff shock" prompted its customers to once again revisit their plans. "A lot of those customers towards the end of the (last) fiscal year were starting to get clarity, were starting to put programme decisions and we were very much encouraged by the interactions we had with many of our customers. We were relatively bullish coming into April," he said. Harris further said, "But unfortunately, almost within the first week of the new fiscal year the new (US) president announced th
Private equity firm TPG on Tuesday divested a 3.9 per cent stake in Tata Technologies for Rs 1,068 crore through an open market transaction. According to the bulk deal data available, TPG through its arm TPG Rise Climate SF offloaded more than 1.58 crore shares of Tata Technologies, which provides engineering and product development digital services. The shares were disposed of at an average price of Rs 673.26 apiece on the National Stock Exchange (NSE), taking the aggregate deal value to Rs 1,068.05 crore. After the latest transaction, TPG's arm holding in Tata Technologies declined to 2.1 per cent from 6 per cent. Details of the buyers of Tata Technologies' shares could not be ascertained on the National Stock Exchange (NSE). On Tuesday, shares of Tata Technologies declined 6.11 per cent to close at Rs 662.50 apiece on the NSE. In a separate block deal on the NSE, seven entities, including Citigroup Global Markets, BofA Securities Europe, and Tata Mutual Fund, bought 87.21 lakh
Global product engineering and digital services firm Tata Technologies Ltd on Friday reported a 20.12 per cent rise in consolidated profit after tax at Rs 188.87 crore in the fourth quarter ended March 2025 on the back of higher income and lesser expenses. The company had posted a consolidated profit after tax (PAT) of Rs 157.24 crore in the same quarter of the year-ago fiscal, Tata Technologies said in a regulatory filing. Consolidated total income in the fourth quarter of FY25 stood at Rs 1,342.73 crore as compared to Rs 1,325.19 crore in the year-ago period, it added. Total expenses in the fourth quarter were at Rs 1,088.20 crore as against Rs 1,094.4 crore in the year-ago period. For the fiscal ended March 2025, PAT was at Rs 676.95 crore as compared to Rs 679.37 crore in the preceding financial year, the company said. Consolidated total income in FY25 was at Rs 5,292.58 crore as against Rs 5,232.75 crore a year ago, it added. "Over the year, we closed a total of 17 large dea