Tata Technologies Q2 FY27: Revenue up 28%, PAT ₹171 cr

Q2 snapshot: revenue growth outpaces profit

Tata Technologies reported its results for the quarter ended September 30, 2026, showing a sharp rise in operating revenue alongside a smaller change in profit. Operating revenue increased 28% year-on-year (YoY) to ₹1,699 crore, supported by momentum in the services business and demand from automotive and manufacturing clients. Net income for the quarter was reported at ₹171 crore.

Different reports cited different YoY comparisons for profit, even though the reported Q2 net income number is the same at ₹171 crore. One comparison put Q2 FY27 net income at ₹171 crore versus ₹166 crore in the year-ago quarter, indicating a 4% YoY increase. Another comparison cited Q2 profit at ₹171 crore versus ₹180.8 crore, implying a 5.2% YoY decline. Separately, sequential data showed net profit down 5.19% from ₹181 crore in Q1 FY27.

What drove the quarter: services strength

A key feature of the quarter was the company’s services segment performance. Services segment revenue grew 34% YoY to ₹1,356 crore. In US dollar terms, services revenue was reported at about $142 million, up 4.3% quarter-on-quarter (QoQ) in constant currency.

The company attributed the revenue growth to strong momentum in its services business and continued demand from automotive and manufacturing clients. The results commentary also pointed to ongoing programme ramp-ups and pipeline conversion as supportive factors for the fiscal year.

Profitability: EBITDA rises, EBIT slips sequentially

Operating EBITDA increased 32% YoY to ₹273 crore. EBITDA margin stood at 16.1%, up 40 basis points from a year earlier and flat sequentially. Net income margin was reported at 10.1%.

On an operating profit measure, another reported data set showed EBIT fell 1.2% QoQ to ₹219 crore from ₹222 crore, and EBIT margin contracted to 12.9% from 13.3% QoQ. This presents a split picture where EBITDA grew strongly YoY, while EBIT and EBIT margin saw a modest sequential decline in the same reporting set.

Workforce and attrition: stable headcount metrics disclosed

Tata Technologies reported a workforce of 12,895 employees. Last-twelve-month attrition was stated at 15.6%. These operational metrics are often watched in engineering and IT services-linked businesses as a proxy for capacity, delivery stability, and cost pressures.

Deal win: $138 million luxury European OEM programme

During the quarter, Tata Technologies said it won a $138 million full-vehicle programme from a leading luxury European automotive OEM. The company described the win as strengthening its role as an end-to-end engineering partner across product development, manufacturing engineering, technical leadership, and programme management for two vehicle platforms.

Management commentary: outlook maintained for FY27

CEO and Managing Director Warren Harris said the strong second-quarter performance reinforced the company’s positive outlook for FY27. He added that the company remained confident of delivering strong double-digit growth for the full year, supported by robust demand, ongoing programme ramp-ups, and healthy pipeline conversion.

CFO Uttam Gujrati said the 28% revenue growth and 32% EBITDA growth reflected the strength of the company’s diversified portfolio, improving deal momentum, and disciplined execution.

Market context: stock move ahead of results

Ahead of the earnings announcement, Tata Technologies shares were reported up 3.83% to ₹743.70 on October 13, 2026. The stock’s year-to-date return was cited at 15.48% as of that point. The company was scheduled to announce its September-quarter and half-year results on October 14, 2026.

Key numbers table (Q2 FY27)

Why the update matters for investors

The quarter combines strong top-line expansion with mixed profit comparisons depending on the baseline used by different reports, while margins show improvement on an EBITDA basis. The 28% YoY rise in operating revenue and 34% YoY growth in services segment revenue indicate that the services business is a major driver of growth.

At the same time, the sequential data points highlight that profitability can vary quarter to quarter. The reported QoQ decline in net profit to ₹171 crore from ₹181 crore, along with a contraction in EBIT margin to 12.9% from 13.3%, underscores why markets track both growth and operating leverage.

Conclusion

Tata Technologies posted Q2 FY27 operating revenue of ₹1,699 crore, services revenue of ₹1,356 crore, EBITDA of ₹273 crore with a 16.1% margin, and net income of ₹171 crore. Management reiterated a positive FY27 outlook, pointing to demand visibility, programme ramp-ups, and pipeline conversion, while the company also highlighted a $138 million full-vehicle programme win.