Tata Technologies Limited — Earnings Release 2025

Jan 21, 2025

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Ref. No.: TTL/COSEC/SE/2024-25/84

January 21, 2025

BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai- 400001, India Mumbai – 400 051, India Scrip Code: 544028 Trading symbol: TATATECH

Dear Sir / Madam,

December 31, 2024

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is the press release issued by Tata Technologies Limited on the captioned subject, the content of which is self-explanatory.

This is for the information of the Exchange and the members.

Thanking you.

For Tata Technologies Limited

VIKRANT Digitally signed by VIKRANT CHANDRASHEKHAR CHANDRASHE GANDHE Date: 2025.01.21 17:01:46 KHAR GANDHE +05'30' ______

Vikrant Gandhe Company Secretary

Encl: As above

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Tata Technologies Limited Plot No 25, Rajiv Gandhi Infotech Park | Hinjawadi, Pune 411057 | India Tel: +91 20 6652 9090 | Fax: +91 20 6652 9035 CIN L72200PN1994PLC013313 Email: investor@tatatechnologies.com Website: www.tatatechnologies.com

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PRESS RELEASE

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Pune, India: 21[st] January 2025: Tata Technologies Limited (BSE: 544028, NSE: TATATECH), a leading global engineering services company, announced financial results for the quarter ended December 31, 2024.

Key highlights for the quarter that ended 31[st] December 2024:

• Total operating revenue at ₹13,174 million, up 2.2% YoY and 1.6% QoQ

• Services segment revenue of ₹10,127 million, an increase of 1.2% YoY and 0.8% QoQ

• Services segment revenue in constant currency up by 1.1% QoQ

• Operating EBITDA at ₹2,350 million; EBITDA margin at 17.8%

• EBIT up 3.1% QoQ to ₹2,119 million; EBIT Margin up 20 bps QoQ to 16.1%

• Net income at ₹1,686 million; up 7.1% QoQ

• Net margin at 12.8%, an increase of 70 bps QoQ.

• 20 bps sequential improvement in [LTM] attrition to 12.9%

• Workforce strength of 12,659

Warren Harris, Chief Executive Officer and Managing Director, said: “I am encouraged by the resilience our business has demonstrated in uncertain economic conditions with revenue growth across both our business segments. We secured four large deals this quarter, and our pipeline remains healthy. We are seeing opportunities across Digital Engineering, Smart Manufacturing, Gen AI, and Embedded Software Solutions, fostering measured optimism for Q4 and FY26. We are also investing in advanced tools and capabilities to position ourselves for accelerated growth as policy clarity improves and investments in new product development rebounds.”

Savitha Balachandran, Chief Financial Officer, said: “I am pleased with our Q3 performance, marked by 1.7% top-line growth and a 7% sequential increase in PAT. This performance underscores the strength and adaptability of our diversified service offerings, which enabled us to navigate the complexities of the quarter effectively. Our disciplined execution drove strong cash conversion in the first nine months, with free cash flow exceeding 100% of net income. This further strengthened our balance sheet, with a net cash position of $154 million at the end of December. We remain dedicated to delivering sustainable, long-term value for all stakeholders.”

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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.

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Key highlights and recognitions:

• Tata Technologies has been selected by a European company to innovate cost-efficient and sustainable solutions for next-gen vehicles including software for embedded systems, infotainment systems, and advanced engineering and simulation solutions.

• Tata Technologies has entered into a multi-year contract with a European Luxury Automotive OEM for testing and development activities of their new electric vehicles.

• A global contract manufacturing entity has chosen Tata Technologies for initial analysis projects. These projects will further lead to SAP roll-out across this entity's various manufacturing plants across multiple countries.

• Tata Technologies has been selected by a North American Automotive OEM to streamline engineering processes in their PLM cloud application, including vehicle data management, data security, product definition, and BOM structure.

• Tata Technologies has been chosen by a North American Tier-1 automotive supplier for a multi-year engagement focused on software platform development and embedded testing.

• Tata Technologies has signed a new deal with the Government of Tripura to upgrade 19 Industrial Training Institutes.

ENDS

About Tata Technologies:

Tata Technologies (BSE: 544028, NSE: TATATECH) is a global product engineering and digital services company focused on fulfilling our mission of helping the world drive, fly, build, and farm by enabling our customers to realize better products and deliver better experiences. We are the strategic engineering partner businesses turn to when they aspire to be better. Manufacturing companies rely on us to enable them to conceptualize, develop, and realize better products that are safer and cleaner and improve the quality of life for all the stakeholders, helping us achieve our vision of #EngineeringABetterWorld. For more, visit us at https://www.tatatechnologies.com/ or learn more here. Follow us on Instagram, LinkedIn, Twitter, Facebook and YouTube for the latest updates.

Investor relations contact:

Vijay Lohia - ir@tatatechnologies.com

Media contacts:

Priyanka Bhatia – +91 91679 31934, Priyanka.Bhatia@adfactorspr.com Parikshit Jdoshi - +91 98339 17030 Parikshit.Joshi@adfactorspr.com

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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.

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