Motilal Oswal added that several Asian OEMs are 'pivoting' toward hybrids and more localised strategies, and global players are betting on software as the next 'competitive frontier'.
Tata Tech Q1 results: The Tata Group company’s net profit however declined nearly 10% sequentially from Rs 189 crore in Q4 FY25.
Investors will be able to participate in F&O contracts of the two securities as the March series begins, following the expiry of the ongoing February series on February 27.
Tata Technologies reported a ransomware incident affecting a few of its IT assets. As a precautionary measure, some services were temporarily suspended but have now been fully restored. The company reassured stakeholders that its client delivery services remained fully functional and unaffected throughout the incident.
In order to achieve India's ambitious goals outlined in the roadmap for a USD 5 trillion economy, the budget should prioritise innovation-driven policies, investments in emerging technologies, and the development of products in India, for India and the world, Tata Technologies CEO & MD Warren Harris said in a statement
After huge fanfare at its market debut, shares of Tata Tech have slumped 33 percent from its post-listing peak.
Tata Technologies Q3 profit falls 0.9% YoY to Rs 168.6 crore, revenue grows 2%. IndiaMART InterMESH Q3 profit soars 48% YoY to Rs 121 crore on strong operating numbers. Revenue up 16%. Cyient DLM Q3 profit tanks 40% YoY to Rs 11 crore but revenue grows sharply by 38%. India Cements Q3 net loss widens to Rs 429 crore, revenue declines 16.5% YoY.. Dalmia Bharat Q3 earnings miss estimates, profit sinks 75% YoY to Rs 66 crore. Revenue down 12%
Tata Tech Q3 results: Net profit rises 7% on a sequential basis
Stocks On Radar: Key Q2 updates from Bharti Airtel, Federal Bank, JSW Infrastructure, and Tata Technologies on October 29. Bharti Airtel’s profit dips 13.6% QoQ, while Federal Bank’s profit rises 11% YoY. JSW Infra posts a 46% profit surge YoY, and Tata Tech sees slight profit decline with improved margins. Tune in for insights on market impact!
Around 1.30 crore shares, making up a 3.3 percent stake of Tata Technologies changed hands at a floor price of Rs 1,027 apiece.
In the 2023 IPO of Tata Tech, Tata Motors divested 11.4 percent of its stake while Alpha TC Holdings offloaded 2.4 percent stake.
Despite the soft performance, the management has not indicated any industry-wide issues. The company expects to return to sequential revenue growth from Q2 onwards