Reported 3 days ago
Tata Technologies, an Indian engineering firm, reported a 5% increase in its second-quarter profit, driven by growth in its non-automotive sectors, despite a decline in its core automotive business. The company's overall revenue rose by 2% to 13.23 billion rupees, with a significant contribution from its technology solutions segment. Although short-term demand may remain weak, CEO Warren Harris expressed optimism for a rebound in the fourth quarter backed by a strong pipeline and improving demand trends.
Source: YAHOO