Tata Technologies Ltd

Tata Technologies Limited reported Q2 FY27 earnings with a 22.2% year-on-year revenue growth in constant currency to US$178 million, driven by a 26.2% year-on-year increase in services revenue to US$142 million. Operating EBITDA margins remained resilient at 16.1%, despite absorbing annual salary increments. The company highlighted strong program ramp-ups, including a landmark US$138 million full vehicle engineering program with a European luxury OEM, and strategic investments in AI and aerospace. Management emphasized confidence in maintaining double-digit growth for FY27, supported by strong demand, ongoing program execution, and improving retention. Aerospace is emerging as a second growth engine, with long-term contracts and expanding partnerships. The company also noted temporary challenges in Germany and ES-Tec, but expects recovery in 2027. The balance sheet remains robust, with net cash of INR 330 crores, and the company reiterated its growth outlook despite short-term headwinds.

The document emphasizes confidence in growth, strategic wins, and resilience in margins despite challenges.