BENGALURU, July 17 (Reuters) – Indian engineering research and development firm Tata Technologies reported a 6.1% rise in first-quarter profit on Friday, on a boost from its services segment.
• Tata Technologies, which provides engineering, product design and manufacturing digitalisation services to automotive, aerospace and industrial machinery clients, counts JLR and Tata Motors among its largest clients
• The Tata group company’s profit rose to 1.81 billion rupees ($18.8 million) for the quarter ended June 30, from 1.70 billion rupees a year earlier
• Revenue jumped 34% to 16.65 billion rupees
• The company retained its double-digit organic revenue growth for fiscal year 2027 on the back of investments in AI, operational efficiency, and continued portfolio diversification, CEO Warren Harris said in a statement
• Engineering research and development firms, which largely depend on orders from the U.S. and Europe, have been under pressure due to slowing adoption of EVs and clients cutting back on spending amid geopolitical tensions
($1 = 96.37 Indian rupees)
(Reporting by Sai Ishwarbharath B in Bengaluru; Editing by Mrigank Dhaniwala)
