Tata Electronics sees massive growth—what's driving this ninefold increase in just one year? Find out the surprising details next!
Tata Electronics' sales skyrocketed from ₹401 crore to ₹3,802 crore in FY24, thanks to the acquisition of Wistron's iPhone plant.
The Wistron plant acquisition made Tata Electronics India’s only homegrown iPhone assembler, boosting its global footprint.
Tata Electronics’ revenue in FY24 is nearly a quarter of Dixon Technologies', and more than double that of Optiemus Infracom.
Despite posting an EBITDA of ₹257 crore, Tata Electronics reported a net loss of ₹825 crore due to high depreciation and interest costs.
On a standalone basis, Tata Electronics' income jumped fourfold to ₹1,332 crore in FY24 from ₹341 crore in FY23, showcasing strong growth.