Q2 FY27: Operating revenue up 28.4% YoY, EBITDA margin at 16.1%
Tata Technologies Q2 FY27: Operating revenue ₹16,988 million, up 28.4% YoY; Services revenue ₹13,557 million, up 33.9%.
By ScoutQuest · · 2 min read
- Operating Revenue
- ₹16,988 million, up 28.4% YoY
- Operating EBITDA / Margin
- ₹2,733 million, up 31.5%; EBITDA margin 16.1%, up 40 bps
- Net Income
- ₹1,714 million, margin 10.1%
Quarter at a glance
The company announced unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with a press release summarising the numbers.
- Total Company Operating Revenue stood at ₹16,988 million, up 28.4% YoY
- Services Segment Revenue was ₹13,557 million, up 33.9% YoY
- In USD terms, Services Segment Revenue came in at $141.9 million, up 4.3% QoQ in constant currency
- Operating EBITDA was ₹2,733 million, up 31.5% YoY
- EBITDA margin was 16.1%, up 40 bps YoY and flat QoQ
- Net Income was ₹1,714 million, against ₹1,655 million in Q2 FY26
- Net income margin was 10.1%
- Workforce strength was 12,895; [LTM] attrition came in at 15.6%
Profit and margin picture
EBITDA margin expanded 40 bps year-on-year to 16.1%, and net income margin stood at 10.1%. Net income moved from ₹1,655 million in Q2 FY26 to ₹1,714 million.
What management said
Chief Executive Officer and Managing Director Warren Harris said he was pleased with the strong performance in Q2, with revenues growing 28% year-on-year, and that the company remains confident of delivering strong double-digit growth for the full year, supported by robust demand, ongoing program ramp-ups and healthy pipeline conversion.
Chief Financial Officer Uttam Gujrati said the Q2 performance, highlighted by 28% revenue and 32% EBITDA growth, reflects a diversified portfolio, improving deal momentum and disciplined execution, while noting near-term challenges within certain customer segments and geographies.
Order wins and customer selections
- A $138 million full vehicle program with a leading luxury European automotive OEM, covering product development, manufacturing engineering, technical leadership and program management for two vehicle platforms
- Selection by a leading North American commercial vehicle manufacturer to lead end-to-end development of a new vehicle platform and support its digital ecosystem
- A strategic engagement with a Global Automotive OEM for development and virtual validation of next-generation vehicle software platforms
- Selection as a strategic digital transformation partner for a European Tier 1, supporting modernisation of manufacturing operations across its global plants
- Selection by a North American Tier 1 to assume responsibility for a strategic engineering centre
How to read this
The press release pairs the quarter's reported results with the customer selections described above and management commentary on the demand environment. The numbers to track here are the revenue growth, the EBITDA margin, the net income and the workforce strength, each of which is reported as improving or holding versus the year-ago period.
Also from Tata Technologies
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23 Oct 2026
Tata Technologies sets October 22, 2026 in-person Non-Deal Roadshow in Mumbai for analyst/institutional investor meets
19 Oct 2026
Q2 FY27 earnings call: revenue up 22.2% YoY in constant currency, operating EBITDA margin 16.1%
19 Oct 2026
More numbers
- Total Company Operating Revenue, up 28.4% YoY₹16,988 million
- Services Segment Revenue, up 33.9% YoY₹13,557 million
- Operating EBITDA, up 31.5% YoY₹2,733 million
- Net Income₹1,714 million
- Operating Revenue growth YoY+28.4%
- EBITDA margin, up 40 bps YoY16.1%
- Net income margin10.1%
- Workforce strength12,895
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