AI assistant
Tata Technologies Limited Investor Presentation 2026
60382_rns_2026-05-04_38dbf156-bb48-49dc-8c13-afb423ffd83d.pdf
Investor Presentation
Open in viewerOpens in your device viewer
TATA
Ref. No.: TTL/COSEC/SE/2026-27/10
May 4, 2026
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai- 400001, India
Scrip Code: 544028
National Stock Exchange of India Limited
Exchange Plaza, C-1, Block G,
Bandra Kurla Complex, Bandra (E),
Mumbai – 400 051, India
Trading symbol: TATATECH
Dear Sir / Madam,
Subject: Investor/analyst presentation on audited financial results for the quarter and financial year ended March 31, 2026
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is the investor/analyst presentation with respect to audited financial results for the quarter and financial year ended March 31, 2026.
The same is also being made available on the Company's website www.tatatechnologies.com.
This is for your information and records.
For Tata Technologies Limited
RAGHAV
MANOJ
MULAY
Digitally signed by
RAGHAV MANOJ
MULAY
Date: 2026.05.04
16:57:35 +05'30'
Raghav Mulay
Company Secretary and Compliance Officer
Encl: As above
TATA TECHNOLOGIES
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: [email protected]
Website: www.tatatechnologies.com
TATA TECHNOLOGIES
Investor presentation
Q4' FY26
4th May 2026
Scrip: BSE 544028, NSE: TATATECH
EngineeringASoftwareDefinedFuture
Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
TTL-Classification: Internal
TATA TECHNOLOGIES
TATA
Disclaimer
This release may include opinions and assumptions about future performance which could be considered forward-looking statements. Forward-looking statements intrinsically cover several risks and uncertainties, which may lead to a material difference between actual results and the statements themselves. Such statements comprise the company's current visibility on market movements, client discussions, and related factors. Tata Technologies Limited does not assume an obligation to update or revise any forward-looking statements.
Certain analysis undertaken and represented in this document may constitute an estimate from the Company and may differ from the actual underlying results.
Other Details
- Reported EBITDA is defined to exclude other income.
- Reported EBIT is defined as reported EBITDA plus share of profit from the equity accounted investee, plus deferred income, less depreciation & amortization
Copyright 2020 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
TTL-Classification: Internal
TATA TECHNOLOGIES
TATA
Q4 FY26 Financial highlights
Revenue
- Total Operating Revenue at ₹15,722 million, up 15.1% QoQ
- Services Segment Revenue at ₹12,196 million, up 15.0% QoQ
- In USD, Total Operating Revenue came in at $170.8 million, up 12.4% QoQ in constant currency
- In USD, Services Segment Revenues came in at $132.6 million, up 11.9% QoQ in constant currency
Profitability
- Operating EBITDA at ₹2,521 million; up 30.7% QoQ
EBITDA Margin at 16.0%; up 190bps QoQ - EBIT stood at ₹2,204 million for the quarter; up 27.8% QoQ
EBIT Margin at 14.0%; up 140bps QoQ - Net Income* at ₹1,625 million; up 20.3% QoQ
- Net Income Margin* at 10.3%; up 45 bps QoQ
Q3'26 margins exclude one-time exceptional item due to new labor code and one-off acquisition related cost
Q4'26 margins exclude one-time exceptional reversal in provision due to new labor code
© Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
TTL-Classification: Internal
TATA TECHNOLOGIES
TATA
Message from the CEO & MD and the CFO
Warren Harris
CEO and MD
> 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
CFO
> 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.
Copyright 2020 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
TTL-Classification: Internal
TATA TECHNOLOGIES
TATA
Strategic wins and new developments
Tata Technologies secured a multi-year, multi-million-dollar full vehicle engineering program with a leading Japanese automotive OEM, marking a scaled entry into the Japanese market and strengthening its Asia footprint.
A European luxury automotive OEM selected Tata Technologies to own their enterprise PLM Service Transformation and operations across all their product domains which includes engineering, manufacturing, supply chain, purchasing and IDT.
Tata Technologies has entered into a multi-year engagement with a Tier 1 automotive supplier for a superscale Global Engineering Centre (GEC) mandate. The engagement reinforces our position as a long-term strategic partner and creates opportunities to scale across complementary engineering, digital, and lifecycle offerings.
A North American commercial vehicle OEM has partnered with Tata Technologies to provide end-to-end services across PLM, Testing & QA, MES, and program management. This engagement supports the OEM's key strategic initiatives by enabling digital transformation and driving operational efficiency across its existing systems.
Tata Technologies has been engaged by a European automotive OEM to deliver supplier quality and coordination services, aimed at improving supplier governance and driving robust quality execution across the value chain.
A European automotive OEM has selected Tata Technologies for a long-term Comfort Electronics development and integration engagement spanning multiple vehicle platforms.
Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
TATA TECHNOLOGIES
TATA
Financial & operational data
Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
Engineering a better world
TTL-Classification: Internal
TATA TECHNOLOGIES
TATA
Income statement - consolidated
IND AS
| INR Mn | Q4 FY25 | Q3 FY26 | Q4 FY26 | QoQ | YoY | FY25 | FY26 | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 12,857 | 13,657 | 15,722 | 15.1% | 22.3% | 51,685 | 55,056 | 6.5% |
| Services Segment | 10,241 | 10,602 | 12,196 | 15.0% | 19.1% | 40,274 | 42,563 | 5.7% |
| Technology Solutions segment | 2,616 | 3,055 | 3,526 | 15.4% | 34.8% | 11,411 | 12,493 | 9.5% |
| Gross Profit | 3,987 | 3,570 | 4,277 | 19.8% | 7.3% | 15,119 | 14,637 | -3.2% |
| Services Segment | 3,475 | 3,042 | 3,572 | 17.5% | 2.8% | 13,039 | 12,318 | -5.5% |
| Technology Solutions segment | 512 | 528 | 705 | 33.5% | 37.8% | 2,080 | 2,319 | 11.5% |
| Operating EBITDA | 2,334 | 1,929 | 2,521 | 30.7% | 8.0% | 9,341 | 8,530 | -8.7% |
| EBIT* | 2,141 | 1,724 | 2,204 | 27.8% | 2.9% | 8,335 | 7,653 | -8.2% |
| PBT** | 2,581 | 1,868 | 2,272 | 21.6% | -12.0% | 9,214 | 8,725 | -5.3% |
| Net Income** | 1,889 | 1,350 | 1,625 | 20.3% | -14.0% | 6,770 | 6,332 | -6.5% |
| EPS (diluted)** | 4.65 | 3.32 | 4.00 | 20.4% | -13.9% | 16.66 | 15.60 | -6.4% |
| Margins (%) | ||||||||
| Gross Margin | 31.0% | 26.1% | 27.2% | 29.3% | 26.6% | |||
| Service Segment | 33.9% | 28.7% | 29.3% | 32.4% | 28.9% | |||
| Technology Solutions segment | 19.6% | 17.3% | 20.0% | 18.2% | 18.6% | |||
| Operating EBITDA Margin | 18.2% | 14.1% | 16.0% | 18.1% | 15.5% | |||
| EBIT Margin | 16.7% | 12.6% | 14.0% | 16.1% | 13.9% | |||
| Net Income Margin | 14.7% | 9.9% | 10.3% | 13.1% | 11.5% |
EBIT includes "share of profit from equity accounted investees" and "other deferral income"
Q3'26 margins exclude one-time exceptional item due to new labor code and one-off acquisition related cost
*Q4'26 margins exclude one-time exceptional reversal of provision due to new labor code
© Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
TTL-Classification: Internal
TATA TECHNOLOGIES
TATA
Operational Performance
| USD Mn | Q4' FY25 | Q3' FY26 | Q4' FY26 | QoQ | YoY | In Constant Currency | |
|---|---|---|---|---|---|---|---|
| QoQ | YoY | ||||||
| Revenue from operations | 148.3 | 152.7 | 170.8 | 11.9% | 15.2% | 12.4% | 14.3% |
| Service Segment | 118.1 | 118.6 | 132.6 | 11.8% | 12.3% | 11.9% | 9.9% |
| USD Mn | FY25 | FY26 | YoY | In Constant Currency | |||
| --- | --- | --- | --- | --- | |||
| YoY | |||||||
| Revenue from operations | 610.8 | 619.8 | 1.5% | 1.3% | |||
| Service Segment | 475.9 | 479.4 | 0.7% | -0.4% |
Copyright 2020 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
TTL-Classification: Internal
TATA TECHNOLOGIES
TATA
Q4 FY26 Key metrics
Services: Customer pyramid (LTM)
| Q4 FY25 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|
| > 50 Mn | 2 | 2 | 3 |
| 10–50 Mn | 3 | 4 | 5 |
| 5–10 Mn | 10 | 8 | 6 |
| 1–5 Mn | 29 | 32 | 33 |
Employee metrics
| Q4 FY25 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|
| Headcount | 12,644 | 12,580 | 12,646 |
| Voluntary attrition, LTM | 13.2% | 15.8% | 16.2% |
Headcount includes FTEs and contractors
Liquidity metrics
| Q4 FY25 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|
| DSO : Billed + Unbilled (days) | 81 | 111 | 95 |
| Cash and Cash Equivalent ($ Mn) (1) | 174.7 | 129.2 | 195.5 |
| FCF (INR Mn)(2) | 2,208 | 1,908 | 2,349 |
1) As on last day of the respective reporting period. Excludes restricted cash, if any
2) FCF computed as Adj. EBITDA (-) Net Capital Expenditure
Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
TTL-Classification: Internal
TATA TECHNOLOGIES
TATA
Q4 FY26 Financial highlights
Revenue from Operations
+22.3% YoY; +15.1% QoQ
Revenue from Services Segment
+19.1% YoY; +15.0% QoQ
Revenue from Operations
+15.2% YoY; +11.9% QoQ
Revenue from Services Segment
+12.3% YoY; +11.8% QoQ
© Copyright 2020 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
TTL-Classification: Internal
TATA TECHNOLOGIES
TATA
Q4 FY26 Financial highlights
Gross Margin %
Gross Margin: Services Segment
Operating EBITDA Margin
EBIT Margin
Copyright 2020 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
TTL-Classification: Internal
TATA TECHNOLOGIES
TATA
Q4 FY26 Financial highlights
% of Operating Revenue
% of Services Segment Revenue
Revenue Mix
© Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
TATA TECHNOLOGIES
TATA
AI - Embedded Across Our Value Chain
Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
TTL-Classification: Internal
TATA TECHNOLOGIES
TATA
An integrated approach across Digital Thread, Agentic AI, and MBSE to accelerate product lifecycles: applicable to Auto, IHM, Aero ++
Objective: To transform product lifecycles by integrating Agentic AI with MBSE, enabling faster concept-to-production cycles, right-first-time engineering, and scalable cost structures—while preserving safety, quality, and human accountability.
The Problem
- OEMs face increasing complexity due to SDV, regulatory pressures, and volatile supply chains.
- Traditional document-centric engineering workflows are slow, fragmented, and prone to late-stage rework.
- Supply chains remain reactive, and manufacturing quality issues often surface too late, leading to cost overruns and delayed launches.
The Solution – Establish continuous digital thread across engineering, supply chain, manufacturing and quality operations.
- ☑ Generative Engineering with MBSE validation
- ☑ Agentic orchestration and simulation
- ☑ Predictive analytics and optimization
- ☑ AI assistants for traceability and compliance
AI proposes designs and decisions, MBSE validates them, and humans retain final approval authority.
From Systems of Record (Traditional PLM) → a System of Intelligence
The End State
- ☐ Faster time-to-market for new vehicle programs
- ☐ Reduced engineering and validation costs
- ☐ Improved quality and compliance confidence
- ☐ Enhanced resilience to supply chain disruptions
- ☐ Scalable, AI-augmented engineering capacity
Copyright 2020 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
TTL-Classification: Internal
TATA TECHNOLOGIES
TATA
Established clarity around focus areas to incorporate AI into the Automotive New Product Introduction (NPI) value chain
© Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
TATA TECHNOLOGIES
TATA
Engineering a bigger, better, and bolder future together
Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
TTL-Classification: Internal
TATA TECHNOLOGIES
TATA
Strengthening aerospace capabilities at MRO XPO 2026
Tata Technologies participated in the 7th Aerospace & Defense MRO South Asia Summit 2026 (MRO XPO India) in New Delhi, engaging with key industry stakeholders to support the evolution of India's aviation maintenance ecosystem.
In collaboration with Air India, we showcased digital transformation-led solutions focused on reducing downtime, enhancing safety, and improving maintenance efficiency across MRO operations. The engagement reinforced our role in enabling a more resilient, efficient, and sustainable aviation ecosystem through advanced digital capabilities.
© Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
TTL-Classification: Internal
TATA TECHNOLOGIES
TATA
Recognized for excellence in employee engagement
Tata Technologies, in partnership with Vantage Circle, was awarded Gold at the 2026 Brandon Hall Group HCM Excellence Awards in Florida for its SHINE employee recognition program. Recognized in the Best Employee Recognition Program category, SHINE reflects our commitment to fostering a culture of appreciation, engagement, and high performance.
While such a recognition is instrumental in empowering employees to contribute meaningfully across the organization, it also reinforces the impact of our people-first approach in driving engagement, strengthening workplace culture, and enabling sustained organizational performance.
Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
TTL-Classification: Internal
TATA TECHNOLOGIES
TATA
Advancing partnership excellence with a global leader in PLM software
Tata Technologies achieved Gold Tier partner status with a leading PLM software provider within a year, alongside being recognized as their Partner of 2025, marking a significant milestone in our collaboration. The recognition reflects the strength of our joint capabilities in delivering digital transformation solutions.
Combining Tata Technologies' implementation and consulting expertise with the software provider's leadership in ALM, PLM, and SLM technologies, this partnership continues to enable scalable, high-impact outcomes for customers, reinforcing our position in driving engineering-led digital transformation globally.
Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
Classification: Confidential
TATA TECHNOLOGIES
TATA
Leadership perspectives on evolving industry trends
Drawing on 30+ years of engineering heritage, our leaders articulate how current and emerging industry trends are shaping future opportunities.
FINANCIAL EXPRESS
Read to Lead
'MRO share in aerospace revenue seen rising to 40–45% in 2–3 years': Keith Matthews
As global airlines face supply chain constraints and aircraft delivery delays, Tata Technologies is scaling its aerospace and MRO (Maintenance, Repair, and Overhaul) business to meet rising demand.
Business Standard
Domain-led growth key as AI blurs line between engineering, IT: Tata Tech
In a changing industrial environment where artificial intelligence is blurring the lines between engineering and information technology, Tata Technologies is adopting a "domain-led" strategy to drive growth, according to its CTO Sriram Lakshminarayanan.
HRWorld
From The Economic Times
AI in workplace: Automation, reskilling and building employee trust
Kanchan Jagtap, Director – HR Strategy and Global Programmes, Tata Technologies, said that in a genuine AI-led transformation, roles are redesigned, not simply removed. At Panasonic India, AI deployment spans consumer platforms,
Auto
The New Power Press & Reasoning Institute
When the weather turns hostile, how smart are 'smart' vehicles?
Echoing this, Abhishek Mohan, Chief Engineer, ADAS, Tata Technologies, says current Level-1 and Level-2 ADAS technologies are generally reliable in normal and moderately adverse driving conditions
Copyright 2020 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
TTL-Classification: Internal
TATA TECHNOLOGIES
TATA
About Tata Technologies
Tata Technologies (BSE: 544028, NSE: TATATECH) is a global product engineering and digital services company focused on fulfilling Its mission of helping the world drive, fly, build, and farm by enabling Its customers to realize better products and deliver better experiences. Tata Technologies is the strategic engineering partner businesses turn to when they aspire to be better. Manufacturing companies rely on Tata Technologies to enable them to conceptualize, develop and realize better products that are safer, 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.
Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
TTL-Classification: Internal
TATA TECHNOLOGIES
Contact Us
For investor queries
- Name: Vijay Lohia
- Email: [email protected]
- Desk Phone: +91 20 66529090
For media queries
- Name: Nikita Crasta
- Email: [email protected]
- Desk Phone: +91 22 67574600
Copyright 2020 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
// Engineering a better world
TATA TECHNOLOGIES
TATA
ASIA PACIFIC
25 Rajiv Gandhi Infotech Park
Hinjawadi, Pune
India
411057
Tel: +91 20 6652 9090
EUROPE
The European Innovation
and Development Centre (EIDC)
Olympus Avenue
Tachbrook Park
Warwick, UK
CV34 6RJ
Tel: +44 (0) 8443 759 685
NORTH AMERICA
6001 Cass Avenue
Suite 600
Detroit MI
USA 48202
Tel: +1 248 426 1482
© Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.
☐ /TataTechnologies
☐ @tatatechnologies
☑ /TataTech_News
☐ /TataTechnologies
ℹ /TataTechnologies
tatatechnologies.com
// Engineering a better world