Tata Technologies reported a net profit of Rs 162.03 crore for the June quarter of FY25, marking a 15.4 percent decline from the same period last year.
However, this profit represents a slight increase from the Rs 157.24 crore reported in the March quarter, according to the Tata group company’s after-market filing on July 18.
Revenue for the quarter stood at Rs 1,268.97 crore, an improvement from Rs 1,257.53 crore in the corresponding period last year, but a 2.46 percent decline from the March quarter.
“The overall market conditions remain favourable as the manufacturing sector continues to future-proof itself through ongoing investments in alternative propulsion systems, software-defined products and services, and smart manufacturing,” said Warren Harris, chief executive officer and managing director.
Harris expressed confidence in the company’s full-year prospects, citing a robust order book, positive momentum within key accounts, and anticipated tailwinds in the automotive, aerospace, and industrial heavy machinery sectors.
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