Tata Technologies Q2 FY27 Revenue Up 28.4% YoY to ₹16,988 Million
Tata Technologies reported Q2 FY27 revenue of ₹16,988 million, up 28.4% YoY. Services Segment Revenue grew 33.9% YoY to ₹13,557 million. Operating EBITDA increased 31.5% YoY to ₹2,733 million. Net income was ₹1,714 million. The company secured a $138 million vehicle program with a European OEM.
The announcement details significant financial growth and substantial new business wins, including a major $138 million contract, which are expected to have a material positive impact on the company's future performance and market position.
The company reported strong year-on-year growth in revenue, EBITDA, and net income, along with securing significant new programs, indicating positive business momentum and future prospects.
Tata Technologies Limited announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The company reported a total operating revenue of ₹16,988 million for the quarter, marking a significant year-on-year increase of 28.4%. The Services Segment Revenue also saw substantial growth, reaching ₹13,557 million, up 33.9% year-on-year. In USD terms, this translated to $141.9 million, a 4.3% increase quarter-on-quarter on a constant currency basis.
Operating EBITDA for the period stood at ₹2,733 million, a year-on-year increase of 31.5%, with the EBITDA margin improving by 40 basis points year-on-year to 16.1%, remaining flat quarter-on-quarter. Net income for the quarter was ₹1,714 million, compared to ₹1,655 million in the second quarter of FY26, with a net income margin of 10.1%. The company's workforce strength was reported at 12,895, with a trailing twelve months (LTM) attrition rate of 15.6%.
Warren Harris, CEO and Managing Director, expressed satisfaction with the strong performance, reinforcing a positive outlook for FY27 and confidence in delivering double-digit growth. He highlighted the company's leadership in product realization, full-vehicle development capabilities, expanding Aerospace presence, and AI-native transformation as key drivers for sustainable long-term growth.
Uttam Gujrati, CFO, attributed the strong Q2 performance to a diversified portfolio, improving deal momentum, and disciplined execution. He acknowledged near-term challenges in specific customer segments and geographies but noted an encouraging underlying demand environment and successful scaling of strategic programs. The company remains well-positioned to capitalize on future opportunities with a strong order pipeline and a healthy balance sheet.
Key achievements during the quarter include winning a $138 million full vehicle program with a leading luxury European Automotive OEM. Tata Technologies was also selected by a North American commercial vehicle manufacturer for the end-to-end development of a new vehicle platform and its associated digital ecosystem. Furthermore, the company secured a strategic engagement with a Global Automotive OEM for next-generation vehicle software platforms and was chosen as a strategic digital transformation partner for a European Tier 1. A North American Tier 1 selected Tata Technologies to manage a strategic engineering center, underscoring customer confidence.
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