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How are Tata Tech's strong-profit results? Pump stock delivered 671% profit growth | IEX
Original: మంచి లాభాలు ఇచ్చిన Tata Tech Results ఎలా ఉన్నాయి? 671% Profit Growth Deliver చేసిన Pump Stock| IEX
Takeaway
Tata Technologies is benefitting from the global EV/auto engineering transition, while a niche pump stock posted a stand-out 671% profit surge.
Summary
- Tata Technologies (recent IPO) delivered YoY growth in operating revenue, EBITDA +15% YoY and +10.4% QoQ, net income +14.7% YoY
- Tata Tech attrition rate declined this quarter and the count of $1-5 million clients increased - management positive on auto vertical pipeline
- Management commentary points to OEMs pivoting to electrification and alternate propulsion systems driving demand
- A pump-segment stock delivered 671% profit growth this quarter
- IEX (Indian Energy Exchange) results also covered in the recap
Tata TechnologiesIEXPump StocksEVResults
Original description
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