<p>New Delhi: Global engineering and product development digital services firm Tata Technologies Ltd on Thursday reported a 14.72 per cent rise in consolidated profit after tax at Rs 170.22 crore for the third quarter ended December 2023.</p>.<p>The company had posted a consolidated profit after tax (PAT) of Rs 148.38 crore in the same quarter last fiscal, Tata Technologies said in a regulatory filing.</p>.<p>Its consolidated revenue from operations in the quarter under review stood at Rs 1,289.45 crore against Rs 1,123.89 crore in the year-ago period, it added.</p>.Tata Steel back in black; posts Rs 522 cr profit in Q3.<p>The total expenses were higher at Rs 1,085.14 crore compared to Rs 947.42 crore in the same period last fiscal, the company said.</p>.<p>'Our deal win momentum has stayed robust, with five large deals won in the quarter, including one deal with over $50 million in TCV (total contract value) and another one with $25 million in TCV,' Tata Technologies CEO and Managing Director Warren Harris said.</p>.<p>"We remain positive on customer spending in the automotive vertical as OEMs continue to pivot towards electrification and other alternative propulsion systems." </p><p>The aerospace industry is looking upbeat, with a good pickup in demand there, Harris said, adding that "we are investing in building capabilities at scale and remain confident about the long-term fundamentals of our business".</p>.<p>On employee count, he said, "We have seen our employee engagement initiatives yield success with a steady reduction in attrition levels over the last few quarters".</p>.<p>The company said in the third quarter it had a net headcount addition of 172 and the total workforce strength was at 12,623. </p>
<p>New Delhi: Global engineering and product development digital services firm Tata Technologies Ltd on Thursday reported a 14.72 per cent rise in consolidated profit after tax at Rs 170.22 crore for the third quarter ended December 2023.</p>.<p>The company had posted a consolidated profit after tax (PAT) of Rs 148.38 crore in the same quarter last fiscal, Tata Technologies said in a regulatory filing.</p>.<p>Its consolidated revenue from operations in the quarter under review stood at Rs 1,289.45 crore against Rs 1,123.89 crore in the year-ago period, it added.</p>.Tata Steel back in black; posts Rs 522 cr profit in Q3.<p>The total expenses were higher at Rs 1,085.14 crore compared to Rs 947.42 crore in the same period last fiscal, the company said.</p>.<p>'Our deal win momentum has stayed robust, with five large deals won in the quarter, including one deal with over $50 million in TCV (total contract value) and another one with $25 million in TCV,' Tata Technologies CEO and Managing Director Warren Harris said.</p>.<p>"We remain positive on customer spending in the automotive vertical as OEMs continue to pivot towards electrification and other alternative propulsion systems." </p><p>The aerospace industry is looking upbeat, with a good pickup in demand there, Harris said, adding that "we are investing in building capabilities at scale and remain confident about the long-term fundamentals of our business".</p>.<p>On employee count, he said, "We have seen our employee engagement initiatives yield success with a steady reduction in attrition levels over the last few quarters".</p>.<p>The company said in the third quarter it had a net headcount addition of 172 and the total workforce strength was at 12,623. </p>