Tata Technologies Q2 FY27 Results: Consolidated Net Profit ₹171 Crore on Total Income of ₹1,730 Crore

Earnings
IT Services

Blacklitt Research14 October 20263 min read

A large open-plan office floor with rows of computer workstations — Petiatil, via Wikimedia Commons (public domain). Illustrative image.

Tata Technologies reported consolidated total income of ₹1,729.95 crore and net profit of ₹171.44 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹956.51 crore and net profit was ₹145.76 crore.

Key highlights

Consolidated

Including its subsidiaries

Total income: ₹1,730 crore, up 26.1% YoY, up 1.7% QoQ
Net profit: ₹171 crore, up 3.6% YoY, down 5.2% QoQ
EPS: ₹4.22, against ₹4.08 in Q2 FY26
Depreciation: ₹54.27 crore, up 75.7% YoY; finance costs ₹19.85 crore, 4.3 times last year's

Standalone

The company on its own, without its subsidiaries

Total income: ₹957 crore, up 14.0% YoY, down 7.1% QoQ
Net profit: ₹146 crore, up 9.3% YoY, down 41.5% QoQ
EPS: ₹3.59, against ₹3.28 in Q2 FY26
Other income: ₹44.35 crore, against ₹147.64 crore in June

Summary

Consolidated ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	1,729.95	1,371.53	+26.1%	1,701.55	+1.7%
Revenue from operations	1,698.80	1,323.33	+28.4%	1,664.63	+2.1%
Other income	31.15	48.20	-35.4%	36.92	-15.6%
	171.44	165.50	+3.6%	180.75	-5.2%
Finance costs	19.85	4.57	+334.4%	15.47	+28.3%
Depreciation	54.27	30.89	+75.7%	46.72	+16.2%
Tax expense	70.28	60.37	+16.4%	70.95	-0.9%
Net profit margin	9.91%	12.07%	-2.16 pp	10.62%	-0.71 pp
Tax as share of profit before tax	30.5%	27.4%	+3.15 pp	29.3%	+1.22 pp
EPS, basic (₹)	4.22	4.08	+3.4%	4.45	-5.2%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Revenue grew 28.4% and profit before tax only 7%, because every cost below the revenue line grew faster. Profit before tax was about ₹241.7 crore against about ₹225.9 crore (derived), and net profit rose 3.6% to ₹171.44 crore. Employee benefits expense rose 26.6% to ₹823.31 crore, outsourcing and consultancy charges doubled to ₹186.48 crore from ₹93.20 crore, depreciation rose 75.7% to ₹54.27 crore and finance costs went to ₹19.85 crore from ₹4.57 crore. Total expenses rose to ₹1,499.66 crore from ₹1,150.97 crore (+30.3%).

The notes point to the acquisition of Es-Tec GmbH, for which the company gave retrospective effect to adjustments to the provisional accounting from the date of acquisition. The filing text read does not link the higher depreciation and finance costs to it, so the cause is not stated. Other income fell 35.4% to ₹31.15 crore, tax took 30.5% of profit before tax against 27.4%, and earnings per share rose 3.4% to ₹4.22.

Against June revenue rose 2.1% and profit fell 5.2% from ₹180.75 crore. For H1 FY27 revenue from operations is ₹3,363.43 crore against ₹2,567.62 crore and profit after tax ₹352.19 crore against ₹335.78 crore. The holding company paid a dividend of ₹11.70 a share in the half for FY26.

Standalone ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	956.51	838.80	+14.0%	1,029.56	-7.1%
Revenue from operations	912.16	796.46	+14.5%	881.92	+3.4%
Other income	44.35	42.34	+4.7%	147.64	-70.0%
	145.76	133.30	+9.3%	249.06	-41.5%
Finance costs	6.82	2.94	+132.0%	3.20	+113.1%
Depreciation	27.12	20.53	+32.1%	20.00	+35.6%
Tax expense	45.85	45.14	+1.6%	45.53	+0.7%
Net profit margin	15.24%	15.89%	-0.65 pp	24.19%	-8.95 pp
Tax as share of profit before tax	23.9%	25.3%	-1.37 pp	15.5%	+8.47 pp
EPS, basic (₹)	3.59	3.28	+9.5%	6.13	-41.4%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

The standalone profit was far lower than in June because the June quarter held a large other-income item. Standalone net profit was ₹145.76 crore against ₹249.06 crore in Q1 FY27, when other income was ₹147.64 crore; this quarter it is ₹44.35 crore. Compared with a year ago profit rose 9.3% on revenue up 14.5%. Depreciation rose 32.1% and finance costs 132.0% to ₹6.82 crore.

Standalone profit is 85% of the consolidated profit (derived), so the subsidiaries contribute a smaller share than the revenue split suggests: standalone revenue of ₹912.16 crore is 54% of the group's.

Inference

Tata Technologies' revenue grew 28%, but outsourcing, depreciation and finance costs grew faster, so profit before tax grew only about 7%.

The filing does not state the cause of the rise in finance costs and depreciation, so whether they repeat is not known from it.

Reference: Original filing (PDF)

Sign up to continue reading

Create a free account to read the rest of this article and the analysis that follows.

Disclaimer:

The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.

Tata Technologies Q2 FY27 Results: Consolidated Net Profit ₹171 Crore on Total Income of ₹1,730 Crore

Key highlights

Consolidated

Standalone

Summary

Inference

Sign up to continue reading

Disclaimer:

Latest posts

Venus Pipes & Tubes Begins Commercial Production of Pipe Spooling on 20 October 2026

Crisil Reaffirms Uflex's AA-/Negative Rating on ₹4,600 Crore Bank Facilities

Moody's Affirms Yes Bank's Ba1 Deposit Rating With Stable Outlook After AT1 Ruling

Sterling and Wilson's South African Unit Sues Insurers Over ₹25.50 Crore Unpaid Bonds