Mumbai, July 10 (IANS). The results of the first quarter of FY 26 were announced by Tata Alexi on Thursday. In the April-June period of the current financial year, the company’s profit fell by 21.57 percent to Rs 144.36 crore, which was Rs 184.07 crore in the same period of FY 25.
The company’s profits have also declined by 16 percent on a quarterly basis. The company made a profit of Rs 172.41 crore in the January-March quarter of FY 25.
In the first quarter of FY 26, the income from the company’s operations was Rs 892.09 crore, which is a slightly lower income from the previous quarter operations than Rs 908.33 crore. At the same time, on an annual basis, income from the company’s operations has fallen by Rs 34 crore.
The income from the company’s operations in the June quarter of FY 25 was Rs 926.45 crore.
Manoj Raghavan, CEO and MD of Tata Alexi, said, “This quarterly was challenging in major markets, with comprehensive economic uncertainties, industry and customer-specific issues affecting the cycle of research and development expenses and decision-making in various geographical areas.”
Raghavan said, “The company has demonstrated the strength to protect business in the largest vertical, to achieve big deals in major verticals, constant revenue flows and increase our relationship with customers.”
Tata Alexi’s stock fell 0.26 percent to close at Rs 6,136.
Tata Alexi provides design and technology services in various industries including automotive, broadcasting, communication, healthcare and transportation.
More than 50 percent of the company’s total revenue comes from the transport business, with a quarter-by-quarter of 3.7 percent in the constant currency.
Ahead of Raghavan said, “This quarter has achieved two strategic deals. We hope that in the remaining year, our transport business will continuously improve and grow, which will be possible with us with deals, a good range of big deals and the cooperation of new customer logo.”
-IANS
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