Conference Call with Tata Technologies Management and Analysts on Q2FY27 Performance and Outlook. Listen to the full earnings transcript.
IT Software Products company Tata Technologies announced Q2FY27 results Consolidated Financial Highlights: Revenue from operations: Stood at Rs 1,698.80 crore in Q2FY27, demonstrating a YoY growth of 28.37% compared to Rs 1,323.33 crore in Q2FY26. On a QoQ basis, it grew by 2.05% from Rs 1,664.63 crore in Q1FY27. For the full year FY26, revenue from operations was Rs 5,505.57 crore. Total Income: Reached Rs 1,729.95 crore in Q2FY27, reflecting an increase of 26.13% YoY from Rs 1,371.53 crore in Q2FY26, and a QoQ growth of 1.67% from Rs 1,701.55 crore in Q1FY27. Total income for FY26 stood at Rs 5,680.12 crore. Profit after tax (Profit for the period/year): Reported at Rs 171.44 crore in Q2FY27, registering a YoY growth of 3.59% against Rs 165.50 crore in Q2FY26. Sequentially, the net profit saw a decline of 5.15% QoQ from Rs 180.75 crore in Q1FY27. The net profit for the entire FY26 was Rs 546.59 crore. Total Comprehensive Income: Stood at Rs 200.13 crore in Q2FY27, down 8.29% YoY compared to Rs 218.22 crore in Q2FY26, but up 11.94% QoQ from Rs 178.78 crore in Q1FY27. For FY26, it was Rs 812.65 crore. Standalone Financial Highlights: Revenue from operations: Recorded at Rs 912.16 crore in Q2FY27, representing a YoY growth of 14.53% against Rs 796.46 crore in Q2FY26. On a QoQ basis, it grew by 3.43% from Rs 881.92 crore in Q1FY27. The full-year FY26 revenue was Rs 3,125.50 crore. Total Income: Stood at Rs 956.51 crore in Q2FY27, an increase of 14.03% YoY from Rs 838.80 crore in Q2FY26, but marked a decline of 7.10% QoQ from Rs 1,029.56 crore in Q1FY27. For FY26, total income was Rs 3,438.21 crore. Profit after tax (Profit for the period/year): Reached Rs 145.76 crore in Q2FY27, demonstrating a YoY growth of 9.35% compared to Rs 133.30 crore in Q2FY26. Sequentially, it posted a significant QoQ drop of 41.47% from Rs 249.05 crore in Q1FY27. For FY26, the net profit stood at Rs 570.41 crore. Total Comprehensive Income: Stood at Rs 147.04 crore in Q2FY27, rising by 11.02% YoY from Rs 132.44 crore in Q2FY26, and falling by 41.51% QoQ from Rs 251.41 crore in Q1FY27. For FY26, it was Rs 579.83 crore. Business Highlights: Segment Performance: Services: Revenue stood at Rs 1,355.65 crore, showing solid growth YoY from Rs 1,012.82 crore and QoQ from Rs 1,296.92 crore. The segment result before other income, finance costs, and tax was Rs 408.37 crore. Technology Solutions: Revenue was Rs 343.15 crore, recording an increase YoY from Rs 310.51 crore, but witnessing a decline QoQ from Rs 367.71 crore. The segment result before other income, finance costs, and tax was Rs 65.41 crore. Acquisition Adjustments: In FY26, the Company completed a 100% acquisition of Es-Tec GmbH. During Q2FY27, the Holding Company adjusted the provisional amounts recorded initially to reflect the impact of additional information received. This resulted in a reduction in the Earnout consideration by Rs 28.98 crore, a reduction in the fair value of intangible assets by Rs 10.35 crore, and a reduction in goodwill by Rs 18.63 crore. The corresponding information for the balance sheet as of March 31, 2026, has been restated accordingly. Dividend: During the half-year ended September 30, 2026, the Holding Company paid a dividend of Rs 11.70 per share (proposed by the Board on May 04, 2026, and approved on June 26, 2026), resulting in a cash outflow of Rs 475.08 crore. Warren Harris, Chief Executive Officer & Managing Director, said: “I am pleased with our strong performance in Q2, with revenues growing 28% year-on-year, reinforcing our positive outlook for FY27. We remain confident in delivering strong double-digit growth for the full year, supported by robust demand, ongoing program ramp-ups, and healthy pipeline conversion. Through our leadership in product realization, growing full-vehicle development capabilities, expanding Aerospace presence, and AI-native transformation, we believe Tata Technologies is becoming a highly differentiated engineering and technology partner, well-positioned for sustainable long-term growth.” Uttam Gujrati, Chief Financial Officer, said: “Our strong Q2 performance, highlighted by 28% revenue and 32% EBITDA growth, reflects the strength of our diversified portfolio, improving deal momentum, and disciplined execution. While we continue to navigate some near-term challenges, particularly within certain customer segments and geographies, the underlying demand environment remains encouraging, and our strategic programs continue to scale well. Supported by a strong order pipeline, a healthy balance sheet, and continued investments in talent and capabilities, we remain well-positioned to capitalize on the significant opportunities ahead.” Result PDF