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Tata Technologies Ltd. increased its total revenue by 37.6% in Q4FY22 over Q4FY21, profit before tax by 16.7% quarter over year (q-o-y) and profit after tax by 8.6% q-o-y. The company increased its total revenue by 47.5% year-on-year (y-o-y), profit before tax increased by 86.1% y-o-y and profit after tax increased by 82.7% y-o-y.
|Tata Technologies Ltd.|
|Particulars||Quarter Ending||Growth%||Year Ended||Growth%|
|Profit Before Tax||141.3||121.1||16.7%||586.8||315.3||86.1%|
|Profit After Tax||106.4||98.0||8.6%||436.9||239.2||82.7%|
Tata Technologies, a global engineering and product development digital services firm, will hire at least 1,000 more people in FY23 than its planned recruitment of over 3,000 innovators over a 12-month period to fulfil the requirements of customers as its business growth accelerates, according to top company official.
Tata Technologies is collaborating with the Government of Karnataka, Karnataka Skill Development Corporation, and the Chief Minister of Karnataka to transform 150 Industrial Training Institutes (ITIs) into technology hubs by leveraging its manufacturing domain knowledge & product engineering expertise. Advanced technology labs have been established in these ITIs in additive manufacturing, automotive manufacturing, electric vehicles, industrial robotics with arc welding, product design and verification, advanced manufacturing systems, internet of things, industrial automation, and advanced plumbing.