Stock Market Arrival
Tata Technologies, having recently joined the stock market, is set to reveal its performance for the first quarter on January 25. This marks its debut announcement since getting listed.
Outstanding Results!
Over the past six months, the company witnessed a remarkable 35% increase in total income, reaching Rs 2,587 crore. Meanwhile, the net profit surged by 36%, reaching Rs 352 crore. It’s worth noting that a significant chunk of the company’s revenue is attributed to its top 5 customers, among them Tata Motors.
financial development
In the past three years, Tata Technologies has seen impressive growth in revenue, EBITDA, and net profit, with a consistent annual growth rate of 36.2%, 45.9%, and 61.5% respectively.
Investors Intrest
Investors showed a lot of excitement for this IPO. On its debut day, the share price shot up by 180%, marking one of the most impressive listings in the past two years.
Concentration on Engineering Research & Development (ER&D)
Tata Technologies is a dedicated ER&D company, with a strong emphasis on manufacturing, particularly in the automotive sector.
Upcoming Challenges
The company’s leadership has advised caution as we step into 2024, highlighting the automotive industry’s shift from internal combustion engines to alternative propulsion systems and electrification
Share Market Update
On Tuesday, Tata Technologies shares concluded 0.75% lower, settling at Rs 1,163.
Disclaimer: This article is based on estimates and information, and we are not financial advisors. If you choose to invest in the Stock Market, Mutual Funds, or Cryptocurrency after reading this article, any profit or loss is your responsibility. Please invest wisely, relying on your understanding, and seek advice from a financial advisor before making any investment decisions.