Tata Technologies Posts Q2 Profit
Tata Technologies reported a rise in second quarter profit supported by its engineering services segment. The company expects strong double digit revenue growth for the full fiscal year.
Insights:
Tata Technologies posted a 3.6% rise in second-quarter profit on Wednesday morning, reaching 1.71 billion rupees ($17.97 million) on higher engineering demand. The India-based engineering services firm reported revenue up 28.4% to 16.99 billion rupees for the period ending September 30. CEO and MD Warren Harris said the company expects to deliver strong double-digit revenue growth for the full year.
