Latest news with #TataTechnologiesLtd
News18
5 days ago
- Business
- News18
Tata Technologies Shares Down 2.5% As TPG Likely Offloads 2.1% Stake Via Block Deal
Tata Technologies Share Price: Shares of Tata Technologies Ltd. opened lower on Wednesday, June 4, following a significant block deal in the Tata Group company. Tata Technologies Share Price: Shares of Tata Technologies Ltd. opened lower on Wednesday, June 4, following a significant block deal in the Tata Group company. Around 86 lakh shares, representing 2.10% of the company's overall equity, changed hands in the transaction, as per exchange data. On Tuesday, CNBC-TV18 reported that US-based private equity firm TPG planned to sell up to a 2.1% stake in the company through block deals. The offer price was reportedly set at Rs 744.5 per share, marking a discount of up to 3% from Tuesday's closing price. The buyers and sellers in this transaction have not been officially disclosed. As of the March quarter, TPG Rise Climate held a 6.01% stake in Tata Technologies. The company recently announced its March quarter results. Revenue declined slightly from the previous year to Rs 1,286 crore, while EBITDA slipped 2% year-on-year to Rs 233.5 crore, with the margin narrowing to 18.2%. advetisement Despite this, Tata Technologies reported a 20% year-on-year rise in consolidated profit after tax (PAT) to Rs 189 crore in Q4FY25, up from Rs 157 crore a year earlier. The company maintained tight control over its expenses, which stood at Rs 1,088 crore for the quarter—lower than Rs 1,119 crore in Q3FY25 and Rs 1,094 crore in the same period last year. This cost discipline supported double-digit profit growth on both a YoY and QoQ basis. Additionally, the board approved a final dividend of Rs 8.35 per equity share, along with a one-time special dividend of Rs 3.35, totaling Rs 11.70 per share for the financial year ended March 31, 2025. Tata Technologies shares ended Tuesday's session at Rs 768 on the NSE, down Rs 6.30 or 0.81%. The stock has underperformed the broader market, falling 26% over the last year and declining 13% so far in 2025. In contrast, the Nifty index has gained 5.5% and 3.4% over the same periods, respectively. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. About the Author Aparna Deb Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: June 04, 2025, 10:26 IST
Time of India
20-05-2025
- Business
- Time of India
ITI drive to boost skill devpt, make UP youth job ready
1 2 Lucknow: The UP govt has rolled out the 'ITI Chalo Abhiyan' in a bid to enhance skill development and expand employment opportunities for the youth. Aligned with national flagship initiatives such as 'Make in India', 'Start-up India', 'Stand-Up India' and 'Digital India', the campaign aims to encourage admissions for the academic session 2025 in govt and private ITIs across the state. Emphasising vocational and technical education as the foundation of inclusive growth, the initiative focuses on equipping both rural and urban youth with industry-relevant skills to prepare them for gainful employment, officials said. Calling upon all district magistrates to support the campaign, principal secretary, department of vocational education , skill development and entrepreneurship, Hariom said, "The campaign will aid in a secure future for the youth and will position UP as a frontrunner in skill development." He added, "It's a golden opportunity for the state's youth to become self-reliant and contribute meaningfully to the nation's progress." To make the campaign a success, an extensive publicity drive is being carried out in all districts. Promotional materials, including posters and brochures, have been distributed to all ITIs. District inspector of schools and basic education officers have been directed to promote the campaign in schools to raise awareness among students and parents. Similarly, district panchayat raj officers have been instructed to publicise the initiative during gram sabha meetings. Block development officers will also hold sessions with gram pradhans and school authorities to mobilise participation at the grassroots level. Weekly review meetings, chaired by the chief development officers at the district level, will monitor the campaign's progress and ensure timely interventions, said a govt spokesperson. In collaboration with Tata Technologies Ltd, 149 govt ITIs in the state are offering 11 long-term training courses tailored to the demands of modern technologies and industries. These courses are designed to bridge the gap between education and employment, enhancing job readiness among students. Further, the department of vocational education recently signed MoUs with 22 industrial partners, paving the way for employment opportunities for 27,000 youth.
Mint
19-05-2025
- Business
- Mint
Tata Technologies sets record date for ₹11.70 dividend: Check details
Stock Market Today: Tata Technologies has set record date for finding list of legible share holders to receive dividend of ₹ 11.70 per equity share. Check here for details As previously mentioned, at its meeting on April 25, 2025, the Board of Directors of Tata Technologies Ltd recommended that the shareholders at the AGM approve a final dividend of Rs. 8.35 and a one-time special dividend of Rs. 3.35 per share. The same totals Rs. 11.70 per equity share dividend by Tata Technologies on equity share of face value of Rs. 2 each for the fiscal year ending March 31, 2025. Tata Technologies thereby on Monday 19 May 2025 announced that the Thirty First (31 st) Annual General Meeting ('AGM') of the Company will be held on Monday, June 23, 2025, at 02:30 pm (IST) through Video Conferencing ('VC') or Other Audio-Visual Means , in accordance, with the relevant circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India ('SEBI'). Tata Technologies on 19 May 2025 Monday also announced that it has fixed Monday, June 16, 2025, as the 'Record Date' for the purpose of determining the entitlement of Members to receive the aforesaid dividend for the financial year ended March 31, 2025 Record date implies that shareholders who wish to beenfit and receive dividend from a company need to buy shares of the company a day prior to the record sdate for their names to appear in the ist of eligible shareholders to receive dividend, as per T+1 settlement procedure. Tata Technologies share price opened at ₹ 757.25, higher than the previous days closing price of ₹ 751.15. The Tata Technologies share price surged further to intraday highs of ₹ 776.80 which translated into gains of almsot 3.5% Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
Economic Times
18-05-2025
- Business
- Economic Times
Expect return to healthy growth by Q2 FY26: Tata Tech CEO & MD Warren Harris
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 the tariff shock which has really prompted everybody once again to revisit their plans." On the positive side, he said the tariff threats are not going to be realised and trade agreements are likely to be reached. "What we anticipate is that as soon as there is clarity, given the build-up of demand for new product investments, we think we will see a return to healthy growth as early as the second quarter. The first quarter is going to be impacted by the announcement and the fact that negotiations will continue between the US and its different partners," he noted. Stating that the company anticipates some breakthroughs in May and June in the US trade negotiations, he said, "That will prepare the way for our customers to return to product investment decisions." He noted that over the last 12 months, the company had grappled with the softness in the market. "A lot of customers had not made product investment decisions because they were not quite sure where the elections were going to go in the United States and they were not quite sure what propulsion system of choice was going to be adopted in Europe," Harris said. In the fourth quarter FY25, he said there were tough economic conditions due to headwinds associated with tariff uncertainty and also the lack of regulatory clarity in Europe. "We were up against a lot of customers that were delaying decision-making and were in some respect not ramping up in the way that we wanted," Harris noted. When asked about the company's order books, he said, "Last year, we had the mega deal with BMW. We have had USD 50 million dollar deal and we had several USD 20-plus million dollar deals." He further said, "Our order book is relatively healthy and that was one of the reasons we were confident coming into this fiscal year and we were looking to put FY25 behind us but unfortunately we have had this shock of tariffs and that is going to play out in the next couple of months." Yet, he said, "We do really believe that given the order book that we have got, given the fact that our customers have to start investing in new products soon, we anticipate that Q2 will certainly be better than the first quarter and we will see growth from there."
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Business Standard
18-05-2025
- Business
- Business Standard
Tata Tech expects return to healthy growth by Q2 FY26: CEO Warren Harris
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 the tariff shock which has really prompted everybody once again to revisit their plans." On the positive side, he said the tariff threats are not going to be realised and trade agreements are likely to be reached. "What we anticipate is that as soon as there is clarity, given the build-up of demand for new product investments, we think we will see a return to healthy growth as early as the second quarter. The first quarter is going to be impacted by the announcement and the fact that negotiations will continue between the US and its different partners," he noted. Stating that the company anticipates some breakthroughs in May and June in the US trade negotiations, he said, "That will prepare the way for our customers to return to product investment decisions." He noted that over the last 12 months, the company had grappled with the softness in the market. "A lot of customers had not made product investment decisions because they were not quite sure where the elections were going to go in the United States and they were not quite sure what propulsion system of choice was going to be adopted in Europe," Harris said. In the fourth quarter FY25, he said there were tough economic conditions due to headwinds associated with tariff uncertainty and also the lack of regulatory clarity in Europe. "We were up against a lot of customers that were delaying decision-making and were in some respect not ramping up in the way that we wanted," Harris noted. When asked about the company's order books, he said, "Last year, we had the mega deal with BMW. We have had USD 50 million dollar deal and we had several USD 20-plus million dollar deals." He further said, "Our order book is relatively healthy and that was one of the reasons we were confident coming into this fiscal year and we were looking to put FY25 behind us but unfortunately we have had this shock of tariffs and that is going to play out in the next couple of months." Yet, he said, "We do really believe that given the order book that we have got, given the fact that our customers have to start investing in new products soon, we anticipate that Q2 will certainly be better than the first quarter and we will see growth from there.
