Latest news with #WarrenHarris
Business Standard
5 days ago
- Business
- Business Standard
Tata Technologies posts 5% YoY rise in Q1 PAT; Operating EBITDA margin at 16.1%
Tata Technologies has reported 5.1% increase in consolidated net profit to Rs 170.3 crore despite a 1.9% fall in revenue from operations to Rs 1,244.3 crore in Q1 FY26 as compared with Q1 FY25. For the period under review, Services segment revenue was Rs 963.7 crore (down 2.2% YoY) and that of the Technology Solutions segment was Rs 280.6 crore (down 1% YoY). Operating EBITDA declined by 13.4% to Rs 200.1 crore in Q1 FY26 from Rs 231.1 crore in Q1 FY25. Operating EBITDA margin for the first quarter was 16.1%, down 210 basis points on YoY basis. Profit before tax in Q1 FY26 stood at Rs 232.6 crore, up by 5.9% from Rs 219.6 crore in Q1 FY25. In dollar terms, the companys revenue for Q1 FY26 was $145.3 million (down 5.1% YoY). In constant currency terms, revenue declined by 5.3% YoY. Warren Harris, chief executive officer and managing director, said: While the quarter began on a cautious note, client confidence strengthened steadily as the period progressed, reaffirming long-term commitments to product innovation and digital transformation. This renewed belief in building the future supported strong deal momentum, resulting in six strategic wins. As we look ahead, we remain optimistic about a sequential recovery in Q2 and a stronger second half of FY26. Our deal pipeline today is more robust than a year ago, and the early momentum we are seeing provides greater visibility and conviction in improved conversion through the year. Tata Technologies is a global product engineering and digital services company. The scrip rose 0.89% to currently trade at Rs 723.10 on the BSE.
Economic Times
5 days ago
- Business
- Economic Times
Tata Technologies shares in focus after Q1 profit rises 5% YoY to Rs 170 crore; revenue slips 2%
Tata Technologies shares will be in focus on Tuesday after the company reported a 5% year-on-year (YoY) rise in consolidated net profit for Q1FY26 at Rs 170 crore, up from Rs 162 crore in the same period last year. ADVERTISEMENT Revenue from operations declined 2% YoY to Rs 1,244 crore, compared with Rs 1,269 crore in Q1FY25. Sequentially, profit after tax (PAT) dropped 10% from Rs 189 crore in Q4FY25, while revenue fell nearly 3% from Rs 1,288.7 crore in the previous quarter. Operating EBITDA for the quarter stood at Rs 200 crore, with an EBITDA margin of 16.1%. EBIT for the period came in at Rs 182 crore. The net profit margin improved to 13.7% from 12.8% a year from the services segment in Q1FY26 was Rs 964 crore. In dollar terms, total operating revenue was $145.3 million, while services segment revenue stood at $112.5 million. Also Read: SBI, HDFC Bank among 10 banking stocks in Antique's top picks that may rally up to 50% ADVERTISEMENT Commenting on the company's earnings, CEO & MD Warren Harris said that client confidence strengthened steadily even as the quarter began on a cautious note. This was a testimony to the company's long-term commitments to product innovation and digital transformation, he added."This renewed belief in building the future supported strong deal momentum, resulting in six strategic wins. As we look ahead, we remain optimistic about a sequential recovery in Q2 and a stronger second half of FY26. Our deal pipeline today is more robust than a year ago, and the early momentum we're seeing provides greater visibility and conviction in improved conversion through the year," Harris said. ADVERTISEMENT As per Trendlyne, the average target price for Tata Technologies is Rs 686, implying a marginal downside of around 4% from current levels. Among the 14 analysts tracking the stock, the consensus rating is 'Sell'. ADVERTISEMENT Also Read: Brokerages initiate coverage on Delhivery, 7 other stocks; up to 33% upside seen (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
6 days ago
- Business
- Mint
Tata Technologies Q1 Results: Net profit up 5% YoY to ₹170 crore, revenue slips
Tata Technologies Q1FY26 Results today: Tata Technologies, a leading global product engineering and digital services company, released its June quarter performance today, post market hours. The company reported a 5.1 per cent year-on-year rise in its consolidated net profit to ₹ 170 crore, while sequentially, net profit declined by 9.8%. The consolidated revenue from operations declined both sequentially and year-on-year, falling 3.2 per cent QoQ and 1.9 per cent YoY to ₹ 1,244 crore, as the company reported weak performance across its core segments. Revenue from the Services segment fell 5.9% QoQ and 2.2% YoY to ₹ 963 crore, while the Technology Solutions segment reported a 3.2% QoQ and 1.9% YoY decline to ₹ 280 crore In US Dollar terms, the company reported a revenue of USD 145.3 million, down 2.1 per cent QoQ and 5.1 per cent YoY; on a constant‑currency basis, revenue slipped 4.6 per cent QoQ and 5.3 per cent YoY. Within that, the services segment contributed USD 112.5 million, a decline of 4.7 per cent QoQ and 6.8 per cent YoY (‑7.6 percent QoQ and ‑6.3 percent YoY in constant currency). On the operating front, the EBITDA came in at ₹ 201 crore in Q1FY26, marking a decline of 14.3% quarter-on-quarter (QoQ) and 13.4% year-on-year (YoY). The operating EBITDA margin contracted to 16.1% from 18.2% in the previous quarter. Warren Harris, Chief Executive Officer and Managing Director, said, 'While the quarter began on a cautious note, client confidence strengthened steadily as the period progressed, reaffirming long-term commitments to product innovation and digital transformation. This renewed belief in building the future supported strong deal momentum, resulting in six strategic wins." "As we look ahead, we remain optimistic about a sequential recovery in Q2 and a stronger second half of FY26. Our deal pipeline today is more robust than a year ago, and the early momentum we are seeing provides greater visibility and conviction in improved conversion through the year," he further added.
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Business Standard
6 days ago
- Business
- Business Standard
Tata Tech Q1 FY26 result: Profit rises 5.1%, revenue down marginally
Tata Technologies on Monday reported a 5.1 per cent year-on-year (Y-O-Y) rise in net profit to ₹170.28 crore for the quarter ended June 2025 (Q1 FY26), compared with ₹162.03 crore in the same period last year. However, the net profit declined 9.9 per cent sequentially from ₹188.87 crore reported in the March quarter (Q4 FY25), according to a BSE filing by the company. Revenue from operations fell 1.9 per cent Y-O-Y to ₹1,244.29 crore in Q1 FY26, down from ₹1,268.97 crore in Q1 FY25. On a sequential basis, revenue declined 3.2 per cent from ₹1,285.65 crore in the previous quarter. 'While the quarter began on a cautious note, client confidence strengthened steadily as the period progressed, reaffirming long-term commitments to product innovation and digital transformation," said Warren Harris, Chief Executive Officer and Managing Director of Tata Technologies. He further added that the firm remains optimistic about a sequential recovery in Q2 and a stronger second half of FY26. 'We achieved strong cash flow performance this quarter through consistent execution and disciplined working capital management, despite operating in a challenging environment. We continued to invest in priority areas, maintained financial strength, and drove efficiency across the value chain. As we progress through the year, our focus remains on executing with agility, strengthening strategic relationships, and delivering sustainable value to our stakeholders,' said Chief Financial Officer Savitha Balachandran. Shares of Tata Technologies closed at ₹716.75 apiece on the BSE on Monday. Tata Tech Q1 result highlights Net profit for the period: ₹170.28 crore Earnings per share (EPS): ₹4.19 (basic and diluted)
Time of India
25-06-2025
- Automotive
- Time of India
Tata Technologies and Amazon Web Services launch third edition of InnoVent hackathon
Tata Technologies , in collaboration with Amazon Web Services ( AWS ), has launched the third edition of its engineering innovation hackathon, InnoVent. The initiative aims to provide third- and fourth-year engineering students across India with a platform to develop solutions for challenges in the mobility sector using emerging technologies . This year's theme focuses on "Innovating the Future of Smart Mobility". Participants are expected to apply technologies such as AI , Generative AI, Agentic AI, IoT , Embedded Software, Cloud Computing, Digital Twins, and AR/VR. Project areas include software-defined vehicles, embedded intelligence, AI decision-making frameworks, sustainable mobility, connected systems, and immersive driving experiences. Access to mentorship, cloud tools, and internship opportunities The hackathon will be conducted in three phases: initial evaluations, virtual proof-of-concept (PoC) presentations, and final demonstrations. Tata Technologies will support selected teams with tools and mentoring from its Subject Matter Experts, while AWS will provide access to its cloud platform and conduct workshops to train teams on its use. Project submissions will be assessed based on diversity, novelty, feasibility, and potential impact, with specific recognition for creative projects and physical prototypes. Teams demonstrating real-time decision-making and adaptive learning through agentic systems will receive special attention. Participants will compete for cash prizes totalling ₹4.5 lakh and internship opportunities at Tata Technologies. Entries are open to women engineers and differently-abled team members, and the deadline for submission is July 30, 2025. Warren Harris, MD and CEO of Tata Technologies, said, "Tata Technologies InnoVent underscores our continued commitment to engineering a brighter, smarter, and sustainable future. Through this collaboration with AWS, we are fostering an ecosystem where young engineers can innovate for smarter, cleaner, and more connected mobility. I am looking forward to the extraordinary ideas that this year's edition will bring to life.' Satinder Pal Singh, Head of Solution Architecture, AWS India and South Asia, said, 'We are pleased to collaborate with Tata Technologies on the third edition of InnoVent, a hackathon that provides young innovators in India with the opportunity to address real-world mobility challenges. By providing access to AWS cloud technologies and expert guidance, we aim to empower students to build transformative, scalable solutions, as well as develop technical skills—from IoT to artificial intelligence—to prepare them for the evolving demands of the industry.' Santosh Singh, President and Global Head of Marketing and Business Excellence at Tata Technologies, added, 'InnoVent offers young engineering students a platform to upskill on modern technologies and empower them with skills needed to innovate solutions that address the biggest challenges being faced by the mobility industry. This year's focus on innovations that will shape the future of smart mobility highlights the importance of nurturing fresh ideas from young minds. We are excited to see how students leverage technologies like Agentic AI to innovate autonomous and intelligent solutions that redefine the boundaries of smart mobility.'
