Shares of Tata Technologies Ltd surged as much as 12 per cent in early trade following its March quarter results, rising to ₹659.80 on the NSE from the previous close of ₹591.05. The stock was trading about 8 per cent higher at ₹638.80 around 10.20 am, as investors reacted to steady revenue growth and expectations of a recovery in demand, particularly in the automotive engineering segment.
Tata Tech shares rally
The company reported an 8 per cent y-o-y rise in consolidated net profit at ₹204.17 crore for Q4FY26, compared with ₹188.87 crore in the corresponding quarter last year. Revenue from operations grew strongly, increasing to ₹1,572.22 crore from ₹1,285.65 crore a year ago, reflecting healthy business momentum. However, higher costs weighed on margins, with total expenses rising to ₹1,382.62 crore from ₹1,088.2 crore in the year-ago period.
On a full-year basis, performance was mixed. Consolidated net profit for FY26 declined to ₹546.59 crore from ₹676.95 crore in FY25, indicating pressure on profitability despite topline growth during the year.
Brokerage firm Goldman Sachs maintained a sell rating on the stock with a target price of ₹470. The brokerage said the Q4 performance was largely in line with expectations and sees growth recovery in FY27, supported by a revival in automotive development programmes. It also expects margins to recover to FY25 levels, although current valuations may limit upside in the near term.