<ul data-eligibleForWebStory="false"><li>Tata Technologies Ltd. CEO Warren Harris ruled out a V-shaped recovery due to US tariff policies and trade tensions affecting the June quarter performance.</li><li>The company reported a 10% sequential fall in consolidated net profit to Rs 170 crore in the first quarter of FY 2025, with operating margin contracting to 13.6%.</li><li>Despite challenges, Tata Technologies closed deals worth over $5 million each, leading to a higher order book compared to the previous year. Business signals from customers improved by June, hinting at a better performance in the coming quarters.</li><li>Analysts at JPMorgan and Citi revised down Tata Tech's target price, as the company's stock traded higher on the NSE amidst improving deal closures and client R&D spends restarting.</li></ul>

Tata Technologies CEO Rules Out V-Shaped Recovery After Trade Tensions Dent Q1

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