Financial Performance Summary
Revenue Performance:
- Total Company Operating Revenue: ₹16,646 million
- Quarter-over-Quarter (QoQ) growth: +5.9%
- Year-over-Year (YoY) growth: +33.8%
Segment Performance:
- Services Segment Revenue: ₹12,969 million
- QoQ growth: +6.3%
- YoY growth: +34.6%
- In USD terms, Services Segment Revenues: $136.6 million
- QoQ growth in constant currency (cc): +4.3%
Profitability Metrics:
- Operating EBITDA: ₹2,674 million
- QoQ growth: +6.1%
- YoY growth: +33.6%
- EBITDA Margin: 16.1% (vs 16.0% QoQ)
- Net Income: ₹1,808 million
- QoQ growth: +11.3% (after excluding one-time exceptional reversal due to new labor code in Q4'26)
- Net Income Margin: 10.9% (up 50 bps QoQ)
Operational Metrics:
- Workforce strength: 12,579 employees
- Last Twelve Months (LTM) attrition: 16.0%
Management Commentary
Warren Harris, Chief Executive Officer and Managing Director:
- Expressed encouragement by continued business momentum with strong execution carrying from H2 FY26 into Q1 FY27
- Noted constructive demand environment reflected in healthy activity across strategic growth areas
- Cited robust pipeline of large opportunities, improving deal conversion, and greater visibility across key customer programs
- Highlighted ongoing investments in AI, disciplined focus on operational efficiency, and continued portfolio diversification
- Stated the company is well positioned to deliver strong double-digit organic revenue growth in FY27
Uttam Gujrati, Chief Financial Officer:
- Noted constructive demand environment supporting strategic investments in engineering, digital transformation, and next-generation mobility
- Expressed mindfulness of evolving macroeconomic backdrop
- Emphasized focus on disciplined execution, operational excellence, and prudent capital allocation
- Highlighted diversified business mix and resilient margins as positioning strengths
- Stated these priorities position the company to capture emerging opportunities while investing in long-term competitiveness
Key Business Highlights and Contracts
Major Partnerships and Contracts:
1. $100 million strategic partnership with Tenneco covering engineering, digital, and business process transformation
- Leveraging AI and automation to drive efficiency, scalability, and business outcomes
2. Full vehicle engineering program with leading Japanese automotive OEM
- Reinforces end-to-end vehicle engineering credentials
- Marks scaled entry into Japanese market
- Strengthens Asia footprint
3. Multi-year engagement with leading European luxury automotive OEM
- Covers engineering, manufacturing, supply chain, purchasing, and IDT domains
4. Digital engineering transformation engagement with North American Industrial equipment manufacturer
- Focus on advancing next-generation software-defined platform initiatives
- Underscores growing demand for integrated engineering and digital capabilities
5. Significant engineering engagement with leading European automotive OEM
- Spans critical vehicle engineering and propulsion programs
- Covers body electronics, steering systems, and propulsion & energy engineering
- Supports development of next-generation vehicle platforms
- Advances customer's electrification roadmap
6. Strategic PLM and Engineering Data Platform transformation with leading European automotive OEM
- Focused on modernizing enterprise engineering systems
- Enhancing digital product lifecycle capabilities
Company Background
Tata Technologies is a global product engineering and digital services company helping manufacturers design, develop, and deliver better products. The company partners with global OEMs and enterprises across automotive, aerospace, industrial heavy machinery, and other manufacturing sectors.
Core Capabilities:
- Embedded Systems and Software Solutions
- Engineering Research & Development (ER&D) Services
- Digital Enterprise Solutions
Strategic Focus:
- Accelerating time-to-market
- Optimizing product development costs
- Improving operational efficiency
- Building smarter, safer, and more sustainable products