Tata Technologies Ltd
P&L
Quarterly Consolidated
vs Q3 FY26
Tata Technologies: Revenue Up 15.1% QoQ to ₹15,722 Million
04 May 2026 · 4 May, 5:11 pm
Summary
Tata Technologies Limited delivered strong financial results for the quarter ended March 31, 2026, with total operating revenue climbing to ₹15,722 million, marking a 15.1% quarter-on-quarter increase. The services segment revenue also showed robust growth, reaching ₹12,196 million, up 15.0% QoQ. Operating EBITDA significantly expanded by 30.7% QoQ to ₹2,521 million, leading to an improved EBITDA margin of 16.0%. CEO Warren Harris highlighted that the strong momentum from Q3 continued into Q4, resulting in broad-based growth and reinforced confidence in achieving double-digit organic growth with sustainable margin expansion in FY27.
Key Highlights
- 1
Q4 FY26 Total Company Operating Revenue stood at ₹15,722 million, representing a 15.1% quarter-on-quarter increase.
- 2
Services Segment Revenue reached ₹12,196 million, growing by 15.0% QoQ, which translates to $132.6 million (up 11.9% QoQ in constant currency).
- 3
Operating EBITDA for Q4 FY26 surged by 30.7% quarter-on-quarter to ₹2,521 million, with the EBITDA margin expanding to 16.0% from 14.1% QoQ.
- 4
Adjusted Net Income was ₹1,625 million, reflecting a 20.3% quarter-on-quarter rise, and the Net Income Margin improved to 10.3%, up 45 basis points QoQ.
- 5
The board recommended a final dividend of ₹8.35 per equity share, along with a special dividend of ₹3.35 per equity share, subject to shareholder approval.
- 6
Tata Technologies secured a multi-year, multi-million-dollar full vehicle engineering program with a leading Japanese automotive OEM, marking a significant entry into the Japanese market.
- 7
A European luxury automotive OEM selected Tata Technologies to manage its enterprise PLM Service Transformation and operations across all product domains.
Management Comments
Warren Harris
I am pleased that the momentum built in Q3 carried through to Q4, delivering 12% revenue growth in cc and a 190 bps margin expansion. This marks a clear inflection for the business, with growth broad‑based rather than concentrated in any single customer or program. Strong execution against guidance, improving order book visibility, and rising wins in full‑vehicle programs – which serve as a strategic wedge to deepen lifecycle engagement and enable systematic expansion across adjacent services – reinforce our confidence in FY27, where we continue to expect double‑digit organic growth with sustainable margin expansion.
Uttam Gujrati
We delivered an outstanding quarter, marked by strong revenue growth, meaningful margin expansion, and robust free cash flow generation, underscoring excellent execution across the organization. Margins expanded on the back of operating leverage and sustained focus on efficiency. As we enter the new fiscal year, we do so with strong momentum and remain firmly focused on operational rigor to drive durable growth and profitability.
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