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Tata Technologies Sees Strong Deal Wins, Eyes Double-Digit Growth
4 May
Summary
- Net profit increased 8.1% year-on-year to ₹204 crore.
- Revenue grew 22.3% to ₹1,572.2 crore, driven by broad demand.
- Company confident in sustaining double-digit growth and margin expansion.
Tata Technologies announced a steady performance for the March quarter, reporting an 8.1% year-on-year increase in net profit, reaching ₹204 crore. Revenue saw a significant jump of 22.3%, totaling ₹1,572.2 crore, attributed to strong, widespread demand across its service segments.
While operating profit (EBITDA) grew 8% to ₹252 crore, the EBITDA margin saw a year-on-year decrease to 16.1% from 18.2%. This figure excludes a one-time reversal related to new labor code implementation.
The company's leadership expressed optimism, highlighting strong deal wins and enhanced visibility. They project sustained double-digit organic growth for FY27, coupled with margin expansion, driven by improving client engagement and full-vehicle engineering deals.
Tata Technologies also proposed a final dividend of ₹8.35 and a special dividend of ₹3.35 per share for FY26, subject to shareholder approval. The company ended the quarter with 12,646 employees, noting an attrition rate of 16.2%.
