Tata Technologies Ltd.Revenue US$178 Mn +22.2%, EBITDA margin 16.1%

Tata Technologies reported Q2 FY27 revenue from operations of US$178 million, up 22.2% year-on-year in constant currency, or ₹1,699 crore, up 2.1% sequentially.

Services revenue grew 4.3% sequentially and 26.2% year-on-year to ₹1,356 crore, while Technology Solutions fell 6.6% sequentially to ₹343 crore on a revenue-recognition change and education timing. Operating EBITDA margin held at 16.1% despite a wage-hike headwind of about 100 basis points, with EBITDA at ₹273 crore, up 31.5% year-on-year. Profit before tax rose 7% to ₹242 crore, and net income was ₹171 crore against ₹166 crore.

The company secured five large deals, including a US$138 million full vehicle program with a European luxury OEM, and its BMW joint venture contributed ₹11.4 crore of profit share. Net cash fell to ₹330 crore after a dividend of about ₹475 crore. Management reiterated strong double-digit growth for FY27 and expects sequential margin improvement in the second half, while flagging softness at ES-Tec in Germany through Q3 and near-term pressure in education.