Tata Group stock engaged in providing outsourced engineering services and digital transformation services to global automobile and other manufacturing clients in focus upon collaborating with Air India to modernise aircrafts.
Price Action
With a market capitalization of Rs. 40,326 Crores, the shares of Tata Technologies Limited were trading at Rs. 994.10 per equity share, down 0.57 percent from its previous day’s close price of Rs. 999.80 Crores.
What Happened
Tata Technologies Limited has collaborated with Air India to significantly enhance the overall travel experience by tailoring modifications and upgrades to meet specific customer needs with futuristic, functional interiors.
This collaboration aligns with Air India’s achievement of the Directorate General of Civil Aviation’s (DGCA) Design Organization Approval (DOA) under CAR 21, which allows the airline to make aircraft modifications in-house.
Tata Technologies will provide end-to-end solutions, from design and validation to weight optimization and ergonomic considerations. Its expertise in lightweight materials, advanced design, and validation techniques will help Air India optimize the performance, safety, and efficiency of its fleet, ensuring that each aircraft operates at peak performance while delivering a superior travel experience.
Recent JV with BMW
Tata Technologies and BMW Group establish has formed a new joint venture named BMW TechWorks India to drive automotive software and business IT innovations including software-defined vehicles (SDV) and digital transformation solution.
Q2FY25 Results
Its Revenue from operations grew by 2.14 percent YoY from Rs. 1,269.17 Crores in Q2FY24 to Rs. 1,296.45 Crores in Q2FY25 and it grew by 2.16 percent QoQ from Rs. 1,268.97 Crores in Q1FY25 to Rs. 1,296.45 Crores in Q2FY25.
Its Net Profit declined by 1.85 percent YoY from Rs. 160.38 Crores in Q2FY24 to Rs. 157.41 Crores in Q2FY25 and it declined by 2.85 percent QoQ from Rs. 162.03 Crores in Q1FY25 to Rs. 157.41Crores in Q2FY25. Its Net Profit Margin decreased from 12.34 percent in Q2FY24 to 11.98 percent in Q2FY25.
About the Company
Tata Technologies Limited is a global product engineering and digital services company offering Product Development and Digital Solutions. It primary business line is services, includes providing outsourced engineering services and digital transformation services to global manufacturing clients helping them design better products for their customers.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
