Tata Technologies Limited – Investor Presentation Summary
Key Operational Highlights
- Total headcount at 12,579 employees including FTEs and contractors
- Voluntary attrition LTM at 16.0%
- Days Sales Outstanding (billed + unbilled) at 97 days
- Key drivers: Strong execution momentum from H2 FY26, healthy activity across strategic growth areas, robust pipeline of large opportunities
Segment-wise Performance
Services Segment: Revenue ₹12,969 million, up 6.3% QoQ, up 34.6% YoY, up 25.7% YoY organically; Gross margin 30.5%
Technology Solutions Segment: Revenue ₹3,677 million, up 4.3% QoQ, up 31.0% YoY; Gross margin 17.5%
Explanation of significant changes: Services segment growth driven by strong demand environment and improved deal conversion; Technology Solutions margin decline due to specific segment dynamics
Financial Highlights
Revenue: ₹16,646 million
EBITDA: ₹2,674 million
PAT: ₹1,808 million
EPS: ₹4.45 (diluted)
Margins: Gross Margin 27.6%, EBITDA Margin 16.1%, EBIT Margin 14.3%, Net Income Margin 10.9%
YoY comparison: Revenue up 33.8% YoY, EBITDA up 33.6% YoY, PAT up 6.1% YoY
QoQ comparison: Revenue up 5.9% QoQ, EBITDA up 6.1% QoQ, PAT up 11.3% QoQ (excluding one-time exceptional reversal in Q4'26)
Drivers of financial performance: Higher revenue growth, operational efficiencies, disciplined execution
Key Risks: Evolving macroeconomic backdrop mentioned as consideration
Geographical Revenue Split
USD Revenue Performance: Total Operating Revenue $175.4 million, up 4.3% QoQ in constant currency, up 19.1% YoY organic constant currency
Services Segment USD Revenue: $136.6 million, up 4.3% QoQ in constant currency, up 16.6% organic constant currency
Balance Sheet Snapshot
Cash and Cash Equivalents: $118.7 million (as of June 30, 2026)
Free Cash Flow: ₹2,479 million (computed as Adj. EBITDA minus Net Capital Expenditure)
Financial Health Insights: Strong cash flow generation with improving operational performance
Capex & Cash Flow Health
Free Cash Flow: ₹2,479 million
Operating Cash Flow: Not specified
Net Debt Movement: Not disclosed
Investment Rationale: Focus on AI capabilities, operational efficiency, and portfolio diversification
Strategic & R&D Initiatives
Investments in Innovation: AI and automation integration across delivery model, digital engineering transformation, software-defined platform initiatives
Expected impact: Driving greater efficiency, scalability, and business outcomes across delivery model
Strategic Rationale: Expanding into high-growth markets (Japan entry), strengthening Asia footprint, supporting customer electrification roadmaps
Industry Trends & Business Environment
Macro/Industry Trends: Shifting geopolitical dynamics making India central to global automotive industry, software-defined vehicles driving transformation, customers committing to new product cycles after paused investments
Impact on Company: Constructive demand environment supporting strategic investments in engineering and digital transformation, enabling strong double-digit organic revenue growth
Management Commentary & Growth Outlook
Strategic Outlook: "We are well positioned to deliver strong double-digit organic revenue growth in FY27" - Warren Harris, CEO and MD
FY Guidance: Strong double-digit organic revenue growth projected for FY27
Risks and Opportunities: Evolving macroeconomic backdrop requires mindful approach while maintaining focus on disciplined execution and operational excellence
Award Recognition
- Received 2026 JLR Global Supplier Excellence Award – The Visionary
- Recognized by Frost & Sullivan as 2026 Asia-Pacific Company of the Year in End-to-End Solutions for Autonomous Vehicles
- Secured SAP PartnerEdge Sell authorization across India and United States
Strategic Partnerships
- $100 million strategic partnership with Tenneco covering engineering, digital, and business process transformation
- Full vehicle engineering program with leading Japanese automotive OEM
- Multi-year engagement with European luxury automotive OEM across engineering, manufacturing, supply chain, purchasing, and IDT domains
- Digital engineering transformation with North American industrial equipment manufacturer
- Significant engineering engagement with European automotive OEM for next-generation vehicle platforms
- PLM and Engineering Data Platform transformation with leading European automotive OEM