Tata Technologies Ltd. – Q2 FY27 Earnings & Operational

Financial Performance Revenue Growth: Consolidated revenue from operations increased by 28.4% year-over-year (YoY) to ₹1,698.8 crore, outperforming the consensus estimate of ₹1,664.6 crore. In constant-currency terms, US dollar revenue rose 22.2% YoY. Segmental Execution: The core services segment served as the primary growth driver, surging 33.9% YoY to ₹1,355.7 crore. Revenue from the technology solutions segment increased by 10.5% to ₹343.1 crore. Profitability Metrics: Earnings Before Interest and Tax (EBIT) grew 25.3% to ₹238.7 crore, beating street estimates of ₹230 crore, though the EBIT margin compressed slightly to 14.1% from 14.4%. EBITDA expanded 31.5% YoY to ₹273.3 crore, with the margin improving by 40 basis points to 16.1%. Net Income: Consolidated net profit declined by 5.2% YoY to ₹171.4 crore, falling short of the ₹200 crore market estimate. Strategic Deal Wins & Pipeline Secured a $138 million full-vehicle program with a leading luxury European automotive OEM, encompassing product development, manufacturing engineering, technical leadership, and program management across two vehicle platforms. Awarded an end-to-end vehicle platform development and digital ecosystem support contract by a prominent North American commercial vehicle manufacturer. Engaged by a global automotive OEM for the virtual validation and development of next-generation vehicle software platforms. Selected as the digital transformation partner by a European Tier 1 supplier to modernize global manufacturing operations. Operational & Liquidity Metrics Cash Position: Free cash flow for the quarter was ₹223.5 crore. Cash and cash equivalents stood at $107.8 million at the end of September, following approximately $50 million in dividend distributions. Workforce: Total headcount increased to 12,895, up from 12,402 a year prior. Trailing twelve-month voluntary attrition edged up slightly to 15.6% from 15.1%.