Tata Technologies544028Quarterly results
Board approves Sept 2026 quarter and half year results; auditor gives unmodified review conclusion
Board meeting outcome: directors approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,698.80 | 1,323.33 | +28.4% | 1,664.63 | +2.1% |
| Total income | 1,729.95 | 1,371.53 | +26.1% | 1,701.55 | +1.7% |
| Profit before tax | 241.72 | 225.87 | +7% | 251.70 | −4% |
| Profit after tax | 171.44 | 165.50 | +3.6% | 180.75 | −5.2% |
| Total comprehensive income | 200.13 | 218.22 | −8.3% | 178.78 | +11.9% |
| Basic EPS | 4.22 | 4.08 | +3.4% | 4.45 | −5.2% |
- Total income YoY growth
- +26.1%
- Period
- Quarter ended September 30, 2026
Auditor's review
Conclusion: Unmodified
Notes to the results
- Es-Tec GmbH acquisition provisional amounts adjusted in Q2: Earnout consideration reduced by INR 28.98 crore, intangibles by INR 10.35 crore, goodwill by INR 18.63 crore; March 31, 2026 balance sheet restated.
- New Labour Codes (effective November 21, 2025): incremental employee benefit impact presented as exceptional item in previous year (₹ 107.73 crore consolidated for year ended March 31, 2026).
- Dividend of ₹ 11.70 per share for FY ended March 31, 2026 paid during the half year, resulting in cash outflow of ₹ 475.08 crore.
What the Board approved
The Board of Tata Technologies met on October 14, 2026 and approved the unaudited standalone and consolidated financial results, along with the limited review report, for the quarter and half year ended September 30, 2026. The meeting commenced at 9:30 a.m. and concluded at 3:46 p.m. The results are also being made available on the company's website.
Auditor's review conclusion
- Statutory auditor: B S R & Co. LLP, Chartered Accountants.
- The conclusion is unmodified. The auditor states that nothing came to its attention that causes it to believe the statement has not disclosed the required information, or that it contains any material misstatement.
- This is a limited review, which is narrower in scope than a full audit, so no audit opinion is expressed.
Consolidated results, quarter on quarter (₹ in crore)
- Revenue from operations: 1,698.80 for the quarter ended September 30, 2026, against 1,664.63 for the quarter ended June 30, 2026 and 1,323.33 for the quarter ended September 30, 2025.
- Total income: 1,729.95, against 1,701.58 and 1,371.53 respectively.
- Profit before tax: 241.72, against 251.70 and 225.87.
- Profit after tax: 171.44, against 180.75 and 165.50.
- Basic and diluted EPS: 4.22 each, against 4.45 and 4.08.
Consolidated results, half year (₹ in crore)
- Revenue from operations: 3,363.43, against 2,567.62 for the half year ended September 30, 2025.
- Total income: 3,431.50, against 2,679.39.
- Profit after tax: 352.19, against 335.78.
- Basic and diluted EPS: 8.67 each, against 8.27.
Segments (consolidated, ₹ in crore)
- Services revenue: 1,355.65 for the September 2026 quarter, against 1,296.92 in the June 2026 quarter.
- Technology solutions revenue: 343.15, against 367.71.
- Segment results before other income, finance costs and tax: 473.78 in total, against 459.99 in the June 2026 quarter.
Balance sheet and cash flow (consolidated, ₹ in crore)
- Total assets: 8,570.63 as at September 30, 2026, against 8,924.48 as at March 31, 2026.
- Cash and cash equivalents: 539.65, against 682.34.
- Net cash used in operating activities for the half year: 316.00, against net cash generated of 38.03 in the half year ended September 30, 2025.
- Net cash used in financing activities for the half year: 496.67, against 507.62.
Other decisions and disclosures
- Dividend: a dividend of 11.70 per share for the year ended March 31, 2026 was proposed by the Board on May 4, 2026, approved by shareholders at the Annual General Meeting on June 26, 2026, and paid during the half year, resulting in a cash outflow of 475.08 crore.
- Es-Tec GmbH: the company completed 100 per cent acquisition of Es-Tec GmbH through its wholly owned subsidiary Tata Technologies Pte. Limited. Following additional information received in the quarter, the provisional amounts were adjusted, resulting in a reduction in the Earnout consideration by INR 28.98 crore, a reduction in fair value of intangible assets by INR 10.35 crore and a reduction in goodwill by INR 18.63 crore. The balance sheet as at March 31, 2026 has been restated accordingly.
- Group structure: the consolidated results include 19 wholly-owned subsidiaries and one associate as on September 30, 2026.
- Employee benefit obligations: the Government of India notified four new Labour Codes effective November 21, 2025, and the Group presented the incremental impact on Employee Benefit Obligations under 'Exceptional item' in the previous year. The note to the segment table records exceptional items of nil for the quarter ended September 30, 2026 and 107.73 crore for the year ended March 31, 2026.
352.19 croreProfit after tax, consolidated, half year ended September 30
Profit after tax, quarter180.75 (₹ in crore)
Profit after tax, consolidated, quarter ended September 30171.44 crore
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More numbers
- Revenue from operations, consolidated, half year ended September 30, 20263,363.43 crore
- Profit after tax, consolidated, half year ended September 30, 2026352.19 crore
- Dividend per share for year ended March 31, 2026₹ 11.70 per share
- Dividend cash outflow during the half year₹ 475.08 crore
- Reduction in Earnout consideration, Es-Tec GmbHINR 28.98 crore
- Total income, latest quarter1,729.95 (₹ in crore)
- Total income, year-ago quarter1,371.53 (₹ in crore)
- Total income, previous quarter1,701.55 (₹ in crore)
- Total comprehensive income, latest quarter200.13 (₹ in crore)
- Total comprehensive income, year-ago quarter218.22 (₹ in crore)
- Total comprehensive income, previous quarter178.78 (₹ in crore)
- Profit after tax, latest quarter171.44 (₹ in crore)
- Profit after tax, year-ago quarter165.50 (₹ in crore)
- Profit after tax, previous quarter180.75 (₹ in crore)
- Revenue from operations, latest quarter1,698.80 (₹ in crore)
- Revenue from operations, year-ago quarter1,323.33 (₹ in crore)
- Revenue from operations, previous quarter1,664.63 (₹ in crore)
- Profit before tax, latest quarter241.72 (₹ in crore)
- Profit before tax, year-ago quarter225.87 (₹ in crore)
- Profit before tax, previous quarter251.70 (₹ in crore)
Source: BSE · 14 Oct 2026
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