Mumbai, July 17 (IANS) Tata Technologies Limited on Friday reported an 11.5 per cent sequential decline in consolidated net profit for the first quarter of FY27.
The Tata Motors subsidiary posted a consolidated net profit of Rs 181 crore for the April-June quarter, compared with Rs 204 crore in the January-March quarter, according to its stock exchange filing.
Revenue from operations increased 5.9 per cent quarter-on-quarter to Rs 1,665 crore from Rs 1,572 crore in the preceding quarter.
The company’s operating performance also improved during the quarter. Earnings before interest and taxes (EBIT) rose 7.5 per cent sequentially to Rs 221 crore from Rs 205 crore, while the EBIT margin expanded to 13.25 per cent from 13.06 per cent.
The services business remained the key growth driver, with revenue rising 6.3 per cent sequentially and 34.6 per cent year-on-year to Rs 1,296.9 crore, as per its exchange filing.
In US dollar terms, services revenue stood at $136.6 million, registering a 4.3 per cent quarter-on-quarter increase in constant currency.
At the end of the June quarter, Tata Technologies had a workforce of 12,579 employees, while its trailing 12-month attrition rate stood at 16 per cent.
Commenting on the performance, Warren Harris, Chief Executive Officer and Managing Director of Tata Technologies, said the strong execution achieved during the second half of FY26 had continued into the June quarter, resulting in robust year-on-year growth in the services business.
He said the demand environment remains encouraging, supported by healthy activity across the company’s strategic growth areas, a strong pipeline of large opportunities, improving deal conversions and better visibility across key customer programmes.
“The demand environment remains constructive, reflected in healthy activity across our strategic growth areas, a robust pipeline of large opportunities, improving deal conversion, and greater visibility across key customer programmes,” he stated.
“Combined with our ongoing investments in AI, disciplined focus on operational efficiency, and continued portfolio diversification, we believe we are well positioned to deliver strong double-digit organic revenue growth in FY27,” Harris mentioned.
–IANS
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