Tata Technologies Q2 FY27 slides: 28% revenue surge, $138M deal win
Tata Technologies reported a 28.4% year-over-year increase in total operating revenue for Q2 FY27, reaching ₹16,988 million. The company's services segment saw robust growth, reaching ₹13,557 million, a 33.9% year-over-year increase, with 22.1% organic constant currency growth year-over-year. Technology solutions revenue grew 10.5% year-over-year but fell 6.7% sequentially.
Operating EBITDA increased 31.5% year-over-year to ₹2,733 million, with a steady margin of 16.1%. Net income reached ₹1,714 million, with diluted earnings per share at ₹4.22. The company's stock closed at $745.55, up 0.25% from the previous close. Key strategic wins include a $138 million full vehicle program with a European luxury automotive OEM, a North American commercial vehicle manufacturer partnership, and engagements with a global automotive OEM and European Tier 1 supplier.
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