Mumbai: Tata Technologies Limited reported a net income of ₹171.4 crore for the quarter ended 30 September 2026. The company's operating revenue increased by 28.4% year-on-year to ₹1,698.8 crore.
Financial Performance
Operating EBITDA for the quarter stood at ₹273.3 crore, marking a 31.5% increase year-on-year. The EBITDA margin was 16.1%, up 40 basis points year-on-year and flat quarter-on-quarter.
Segmental Revenue
Services Segment Revenue was ₹1,355.7 crore, up 33.9% year-on-year. In USD terms, Services Segment Revenue was $141.9 million, an increase of 4.3% quarter-on-quarter on a constant currency basis.
Management Commentary
Warren Harris, Chief Executive Officer and Managing Director, said the company's strong performance in Q2, with revenues growing 28% year-on-year, supports its positive outlook for FY27. He added that Tata Technologies expects strong double-digit growth for the full year, supported by demand, programme ramp-ups, and pipeline conversion.
Operational Metrics
Net income margin for the quarter was 10.1%. The workforce strength was 12,895, and the last twelve months (LTM) attrition rate was 15.6%.
Key Deals
Tata Technologies secured a $138 million full vehicle programme with a European Automotive OEM. This deal involves end-to-end engineering for product development, manufacturing engineering, technical leadership, and programme management for two vehicle platforms.
Strategic Engagements
The company was also selected by a North American commercial vehicle manufacturer to lead the end-to-end development of a new vehicle platform and its digital ecosystem. Additionally, a Global Automotive OEM engaged Tata Technologies for the development and virtual validation of next-generation vehicle software platforms.
Disclaimer: This story is based on company exchange filings and is for informational purposes only. Investors should evaluate risks before making decisions.
