A bite of Apple brings 9X gains to Tata Electronics' revenue muscle

In the first full year of operations, Tata Electronics saw a ninefold increase in sales, driven by the acquisition of Wistron's iPhone assembly plant. The company posted a consolidated income of ₹3,802 crore in FY24, up from ₹401 crore in the previous year. However, it reported a net loss of ₹825 crore due to high expenses.