Tata Technologies Ltd on Thursday announced its financial results for the first quarter (Q1) ended June 30 of the fiscal year 2025 (FY25).
The company said its net profit fell 15% to ₹162 crore in the first quarter on declining revenue from its services segment and higher expenses.
In the same quarter last fiscal year, its profit was at ₹192 crore..
Tata Technologies said its total operating revenue rose 0.9% to ₹1,269 crore year-on-year (YoY) and fell 2.5% quarter-on-quarter (QoQ).
Its services segment revenue stood at ₹985.5 crore, down 1.0% QoQ.
In a statement, Warren Harris, Tata Technologies’ chief executive officer and managing director said: “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.”
“The VinFast transition is now largely behind us, and we fully expect the sequential revenue growth of our services business to accelerate from the current quarter,” he added.
Harris also said: “Confidence in our full-year prospects is fuelled by our order book, continued positive momentum within our Anchor accounts, and tailwinds that we expect to continue to intersect with across automotive, aerospace, and industrial heavy machinery.”
The company said its operating Ebitda (earnings before interest, taxes, depreciation, and amortization) stood at ₹231.1 crore and Ebitda margin at 18.2% in the first quarter.
Tata Technologies’ operations include providing engineering and technology services to auto, aero and heavy machinery makers.
Savitha Balachandran, Tata Technologies’ chief financial officer said: “Our margins have remained resilient during the quarter, reflecting our strong operating discipline. We are committed to strategically investing in key growth areas while optimising costs and improving efficiency across the organisation.”
“Our robust cash flow management and efficient collections process remain priorities. By focusing on sustainable growth and value creation, we are confident in our ability to stay competitive and achieve long-term success,” Balachandran added.
