India's Tata Technologies jumps to 3-month high on quarterly profit rise

Tata Technologies

05/05/2026 05:08

** Shares of Tata Technologies up 8.5% to 641.5 rupees; highest since February 6

** Engineering research and development firm posts 8.1% rise in Q4 profit to 2.04 billion rupees ($21.39 million)

** Co's revenue rises 22.29% to 15.72 billion rupees

** Profit was helped by a one-time gain of 561.3 million rupees from partial reversal of charges related to India's labour codes

** Co expects double-digit organic growth in fiscal year 2027, chief executive officer Warren Harris said

** BofA ("Neutral"; PO: 595 rupees) notes growth was well-distributed across anchor customers and other segments, with aerospace and industrial heavy machinery showing strong momentum

** Stock rated as "Sell" on average by 13 analysts; median PT at 550 rupees per data compiled by LSEG

** YTD, stock down 2.9%

($1 = 95.3675 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))