Latest news with #SavithaBalachandran
Yahoo
14-07-2025
- Automotive
- Yahoo
India's Tata Technologies posts smaller-than-expected quarterly revenue drop on deal wins
(Reuters) -India's Tata Technologies reported a smaller-than-expected revenue decline for the first quarter on Monday, as strong deal wins and execution of contracts helped it in a challenging macroeconomic environment. The firm, which provides engineering and technology services to automobile, aero and heavy machinery makers, is optimistic about a sequential recovery in the second quarter and a stronger second half of fiscal year 2026, it said in a statement. The company won six "strategic deals" during the quarter, including a partnership with Volvo Cars for product engineering and embedded software, and an engagement with an unnamed European luxury automaker for multi-domain technical services. Its consolidated revenue dipped 1.9% year on year to 12.44 billion rupees ($144.69 million) in the April-June quarter. Analysts, on average, had expected a revenue of 12.04 billion rupees, as per data compiled by LSEG. The engineering, research and development segment of India's IT industry, which relies heavily on outsourced work from U.S. and European clients, is seeing a broad slowdown as the global auto sector has been beset by concerns over U.S. tariffs, weak growth in China, sluggish EV adoption, and China's export curbs on rare earths. "We achieved strong cash flow performance this quarter through consistent execution and disciplined working capital management, despite operating in a challenging environment," Tata Technologies CFO Savitha Balachandran said in a release. Revenue from the firm's services segment, which is 77% of the overall pie, dropped 2.2%, while technology solutions' revenue dipped 1%. Its profit rose 5% to 1.7 billion rupees, above analysts' expectations of 1.52 billion rupees, helped by a higher other income. Peer Tata Elxsi missed quarterly earnings estimates last week, hurt by slowing research and development spend by customers across geographies. ($1 = 85.9790 Indian rupees) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
14-07-2025
- Business
- Business Standard
Tata Tech Q1 FY26 result: Profit rises 5.1%, revenue down marginally
Tata Technologies on Monday reported a 5.1 per cent year-on-year (Y-O-Y) rise in net profit to ₹170.28 crore for the quarter ended June 2025 (Q1 FY26), compared with ₹162.03 crore in the same period last year. However, the net profit declined 9.9 per cent sequentially from ₹188.87 crore reported in the March quarter (Q4 FY25), according to a BSE filing by the company. Revenue from operations fell 1.9 per cent Y-O-Y to ₹1,244.29 crore in Q1 FY26, down from ₹1,268.97 crore in Q1 FY25. On a sequential basis, revenue declined 3.2 per cent from ₹1,285.65 crore in the previous quarter. 'While the quarter began on a cautious note, client confidence strengthened steadily as the period progressed, reaffirming long-term commitments to product innovation and digital transformation," said Warren Harris, Chief Executive Officer and Managing Director of Tata Technologies. He further added that the firm remains optimistic about a sequential recovery in Q2 and a stronger second half of FY26. 'We achieved strong cash flow performance this quarter through consistent execution and disciplined working capital management, despite operating in a challenging environment. We continued to invest in priority areas, maintained financial strength, and drove efficiency across the value chain. As we progress through the year, our focus remains on executing with agility, strengthening strategic relationships, and delivering sustainable value to our stakeholders,' said Chief Financial Officer Savitha Balachandran. Shares of Tata Technologies closed at ₹716.75 apiece on the BSE on Monday. Tata Tech Q1 result highlights Net profit for the period: ₹170.28 crore Earnings per share (EPS): ₹4.19 (basic and diluted)
Business Standard
28-04-2025
- Automotive
- Business Standard
Tata Technologies gains after Q4 PAT climbs 12% QoQ to Rs 189 cr
Tata Technologies added 2.43% to Rs 710.10 after the company's consolidated net profit jumped 12% to Rs 188.87 crore, despite a 2.41% decline in revenue from operations to Rs 1,285.65 crore in Q4 FY25 over Q3 FY25. On a year-over-year (YoY) basis, the companys net profit jumped 20.12% while revenue declined 1.18%. Profit before tax (PBT) stood at Rs 258.09 crore during the quarter, up 14.1% QoQ and 11.83% YoY Operating EBITDA shed 0.3% to Rs 233.4 crore in Q4 FY25 as compared with Rs 234 crore in Q3 FY25. Operating EBITDA margin improved to 18.2% in Q4 FY25 as against 17.8% in Q3 FY25. Revenue from services segment was up 1.1% QoQ and 2.9% YoY to Rs 1,024.1 crore. During the quarter, LTM stood at 13.2% as against 12.9% in Q3 FY25. In dollar terms, total operating revenue stood at $ 148.3 million, down 4.7% QoQ. Services segment revenues came in at $118.1 million. In constant currency services, revenue remained flat sequentially. On financial year basis, the companys consolidated net profit declined 0.36% to Rs 676.95 crore in FY25 as compared with Rs 679.37 crore in FY24. Revenue from operations rose 1% to Rs 5168.45 crore in FY25 as against Rs 5,117.20 crore in FY24. Warren Harris, chief executive officer and managing director, said: I am pleased with the way our business performed in fiscal year 25. Over the year, we closed a total of 17 large deals which included one marquee deal exceeding $500 million, two $50 million plus deals, and one $20 millionplus deal. We continued strengthening our customer base, with 44 customers now in the milliondollar-plus category. We remain optimistic about medium-to-long-term automotive ER&D spending, driven by sustained innovation in electric, autonomous, and sustainable mobility. Our deep domain expertise, expanded SDV offerings and AI solutions across the product value chain position us well as the sector resets. Savitha Balachandran, chief financial officer, said: This quarter, we achieved strong profitability and solid cash flow performance despite operating in a demanding environment, through our unwavering and rigorous execution. FY25 represents the fourth consecutive year of margins exceeding 18%; we also achieved the highest cash flows in the company's history. Moving forward, we remain committed to maintaining operational discipline while making thoughtful investments in talent and capabilities to drive long-term value for our stakeholders. Meanwhile, the companys board recommended a final dividend of Rs 8.35 per share and one time special dividend of Rs 3.35 per share for FY25. If approved at the annual general meeting (AGM), shall be paid/dispatched within the statutory time limit of 30 days from the conclusion of the AGM. Tata Technologies is a global product engineering and digital services company.
Business Standard
25-04-2025
- Business
- Business Standard
Tata Technologies Q4 PAT climbs 12% QoQ to Rs 189 cr
Tata Technologies' consolidated net profit jumped 12% to Rs 188.87 crore, despite a 2.41% decline in revenue from operations to Rs 1,285.65 crore in Q4 FY25 over Q3 FY25. On a year-over-year (YoY) basis, the companys net profit jumped 20.12% while revenue declined 1.18%. Profit before tax (PBT) stood at Rs 258.09 crore during the quarter, up 14.1% QoQ and 11.83% YoY Operating EBITDA shed 0.3% to Rs 233.4 crore in Q4 FY25 as compared with Rs 234 crore in Q3 FY25. Operating EBITDA margin improved to 18.2% in Q4 FY25 as against 17.8% in Q3 FY25. Revenue from services segment was up 1.1% QoQ and 2.9% YoY to Rs 1,024.1 crore. During the quarter, LTM stood at 13.2% as against 12.9% in Q3 FY25. In dollar terms, total operating revenue stood at $ 148.3 million, down 4.7% QoQ. Services segment revenues came in at $118.1 million. In constant currency services, revenue remained flat sequentially. On financial year basis, the companys consolidated net profit declined 0.36% to Rs 676.95 crore in FY25 as compared with Rs 679.37 crore in FY24. Revenue from operations rose 1% to Rs 5168.45 crore in FY25 as against Rs 5,117.20 crore in FY24. Warren Harris, chief executive officer and managing director, said: I am pleased with the way our business performed in fiscal year 25. Over the year, we closed a total of 17 large deals which included one marquee deal exceeding $500 million, two $50 million plus deals, and one $20 millionplus deal. We continued strengthening our customer base, with 44 customers now in the milliondollar-plus category. We remain optimistic about medium-to-long-term automotive ER&D spending, driven by sustained innovation in electric, autonomous, and sustainable mobility. Our deep domain expertise, expanded SDV offerings and AI solutions across the product value chain position us well as the sector resets. Savitha Balachandran, chief financial officer, said: This quarter, we achieved strong profitability and solid cash flow performance despite operating in a demanding environment, through our unwavering and rigorous execution. FY25 represents the fourth consecutive year of margins exceeding 18%; we also achieved the highest cash flows in the company's history. Moving forward, we remain committed to maintaining operational discipline while making thoughtful investments in talent and capabilities to drive long-term value for our stakeholders. Meanwhile, the companys board recommended a final dividend of Rs 8.35 per share and one time special dividend of Rs 3.35 per share for approved at the annual general meeting (AGM), shall be paid/dispatched within the statutory time limit of 30 days from the conclusion of the AGM. Tata Technologies is a global product engineering and digital services company. Shares of Tata Technologies declined 3.34% to end at Rs 693.25 on the BSE.
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Business Standard
25-04-2025
- Business
- Business Standard
Tata Technologies Q4 results: Profit up 20% at Rs 189 cr on higher income
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 deals which included one marquee deal exceeding USD 500 million, two USD 50 million plus deals, and one USD 20 million-plus deal. We continued strengthening our customer base, with 44 customers now in the million-dollar-plus category," Tata Technologies CEO and Managing Director Warren Harris said. Tata Technologies Chief Financial Officer Savitha Balachandran said, "This quarter, we achieved strong profitability and solid cash flow performance despite operating in a demanding environment, through our unwavering and rigorous execution." FY25 represents the fourth consecutive year of margins exceeding 18 per cent, Balachandran said, adding, "we also achieved the highest cash flows in the company's history.
