Tata Technologies Q3 Results: Revenue Up 3.2% QoQ, Forecasts Over 10% Growth in Q4
Mumbai, January 16, 2026 – Tata Technologies Limited (BSE: 544028, NSE: TATATECH), a global leader in product engineering and digital services, announced its financial results for the quarter ended December 31, 2025. The company reported steady performance and outlined a confident outlook for accelerated growth in the coming quarter.
Q3 FY26 Financial Highlights:
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Total Operating Revenue: ₹13,657 million, up 3.2% Quarter-on-Quarter (QoQ).
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Services Segment Revenue: ₹10,602 million, up 4.7% QoQ (USD 118.6 million, up 2.6% QoQ).
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Operating EBITDA: ₹1,929 million, with an EBITDA Margin of 14.1%.
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Adjusted Net Income: ₹1,350 million (excluding one-time exceptional items related to new labour code and acquisition costs), with a Net Income Margin of 9.9%.
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Workforce: Strength stood at 12,580 employees, with LTM attrition at 15.8%.
Management Commentary:
Warren Harris, CEO and MD, stated that Q3 demonstrated business resilience despite seasonal softness. He highlighted six strategic deal wins and strong vertical performance. "We are poised for a sharp acceleration in Q4," he said, forecasting sequential revenue growth of over 10%, signalling a clear inflection point. He emphasized the company's transformed growth engine, bolstered by portfolio diversification and the recent Es-Tec acquisition.
Uttam Gujrati, CFO, noted steady progress on strategic priorities. He confirmed the Es-Tec integration is on track and creating joint opportunities. "Margin headwinds from Q3 are behind us, and we expect to return to—and exceed—the Q2 adjusted margin run-rate," he added, highlighting a disciplined workforce strategy.
Key Business Highlights & Recognitions (Q3 FY26):
The quarter was marked by significant strategic wins, including:
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A full vehicle program with a global automotive OEM.
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Entry into embedded/software engineering with a leading European automotive OEM, displacing incumbents.
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Engagement by a European luxury automaker for circularity solutions and cost optimization.
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Strategic wins with a premium European passenger vehicle OEM and another leading European OEM for chassis & climate programs.
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Selection by the Governments of Uttar Pradesh (121 Polytechnics) and Tamil Nadu (44 Polytechnics) to upgrade institutions with Industry 4.0 technology.
Outlook:
With a robust deal pipeline, successful integration of Es-Tec, and expectations of margin improvement, Tata Technologies is positioned for accelerated growth in Q4 FY26 and beyond.
