Tata Technologies Ltd
P&L
Quarterly Consolidated
vs Q2 FY26
Tata Technologies Reports 3.2% QoQ Growth in Operating Revenues for Q3 2026 2025
16 Jan 2026 · 16 Jan, 4:59 pm
Summary
Tata Technologies Limited, a leading global product engineering and digital services company, announced financial results for the quarter ended December 31, 2025. The company reported a 3.2% QoQ growth in total operating revenues, which stood at 213,657 million. Services segment revenues were up by 4.7% QoQ and 2.6% QoQ in INR and USD terms, respectively. The company's operating EBITDA was 21,929 million with an EBITDA margin of 14.1%. The adjusted net income was 21,350 million, and the attrition rate came in at 15.8%. Tata Technologies secured several strategic deals and recognitions during the quarter.
Key Highlights
- 1
Total Operating Revenues stood at 213,657 million, up 3.2% QoQ
- 2
Services Segment Revenues of 210,602 million, up 4.7% QoQ
- 3
Operating EBITDA at 21,929 million
- 4
EBITDA Margin at 14.1%
- 5
Adj. Net Income* was at 21,350 million; Net income margin was at 9.9%
- 6
LTM attrition came in at 15.8%
- 7
Workforce strength was at 12,580
- 8
Secured a strategic full vehicle program with a global automotive OEM
- 9
Entered a whitespace area in embedded and software engineering with a leading European automotive OEM
- 10
Selected by a European luxury automaker to develop circularity solutions
- 11
Secured a strategic win with a premium European passenger vehicle OEM
- 12
Selected to lead chassis & climate program across three platforms covering mechanical, E/E, and software development for a leading European Automotive OEM
- 13
Government of Uttar Pradesh has selected Tata Technologies to upgrade 121 Polytechnics with industry 4.0 technology
- 14
Government of Tamil Nadu has selected Tata Technologies to upgrade 44 Polytechnics with industry 4.0 technology
Management Comments
Warren Harris
Chief Executive Officer and Managing Director
Q3 demonstrated the resilience and strength of our business, delivering growth despite seasonal softness and temporary headwinds. With strong vertical performance, six strategic deal wins, and continued investment in delivery capacity, we are poised for a sharp acceleration in Q4. We expect sequential revenue growth of over 10%, signalling a clear inflection point. More importantly, the structural changes we've driven — portfolio diversification, reduced concentration risk, and the Es-Tec acquisition — have transformed our growth engine into one that is broader and stickier.
Uttam Gujrati
Chief Financial Officer
We made steady progress on our strategic priorities during the quarter. ES-Tec integration is on track and already creating joint opportunities. Margin headwinds from Q3 are behind us, and we expect to return to—and exceed—the Q2 adjusted margin run-rate. Our disciplined workforce strategy and investments in future-ready skills position us well for sustainable growth. We remain focused on delivering long-term value for our customers and shareholders.
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