Page 2 - Tata Technologies News Today

However, JM Financial sees more growth engines now for Tata Tech than a few years ago, largely backed by its diverse portfolio

Tata Tech Share Price: Tata Tech reported its quarterly earnings for the second time on 3rd May wherein their net profit stood at Rs 157.24 crore for the quarter ended March 2024, which was down 27% on a year-on-year basis while the consolidated revenue from operations for the reported quarter stood at Rs 1,301.05 crore, lower by 7.22% YoY.

Following the fourth-quarter results, JPMorgan upgraded Kotak Mahindra Bank and Avenue Supermarts. It maintains a neutral rating on Britannia Industries and an underweight rating on Tata Technologies.

Paytm parent One97 Communications president and chief operating officer Bhavesh Gupta resigned from the company. 

Tata Technologies reported a 27.39 per cent year-on-year (YoY) fall in the consolidated net profit at Rs 157.24 crore for the quarter that ended on March 31, 2024.

The companys EBITDA stood at Rs 240 crore, up 1.4 percent from Rs 236.6 crore while its EBIT stood at 18.4 per cent versus 18.3 per cent.

IBM: AWS Marketplace is an online store that allows customers to find, test, buy, and use software and services that run on Amazon Web Services (AWS).

Top Events of the Day: PM Narendra Modi arrived in Kolkata on May 2 night ahead of his three rallies in the state scheduled for May 3. Tata Technologies., Britannia Industries Ltd., Adani Green Energy Ltd. and MRF Ltd. will be among the major firms to report their fourth quarter earnings on Friday.

Indian shares are set to open higher on Friday, tracking a rise in global stocks after the U.S. Federal Reserve signalled that further rate hikes were unlikely, while Bajaj Finance will be in...

Markets rebounded on Thursday. Coal India reports 26% net profit growth. YES Bank may see Carlyle Group stake sale. Coforge approves Cigniti Technologies acquisition. Titan, Adani Green, Britannia, MRF, Tata Tech, Godrej Properties in focus ahead of earnings.