Full Year FY26 Performance of Tata Technologies
For the full year FY26, consolidated revenue from operations was ₹5,505.6 crore, up 6.5% YoY from ₹5,168.5 crore in FY25. In USD, full year revenue was $619.8 million compared to $610.8 million in FY25, a 1.5% YoY increase; in constant currency, the growth was 1.3% YoY.
Full year operating EBITDA was ₹853.0 crore, down 8.7% YoY from ₹934.1 crore in FY25, with the EBITDA margin contracting to 15.5% from 18.1%. Net income for FY26 came in at ₹633.2 crore, down 6.5% YoY from ₹677.0 crore in FY25, with net income margin at 11.5% compared to 13.1% in FY25. The full year numbers show a more moderate performance compared to the previous year, making the improvement seen in Q4 more relevant.
Revenue Mix and Delivery Model
While Services contributed a larger share, amounting to 78% of operating revenues during the quarter, with Technology Solutions contributing 22%, the auto vertical made up for 81% of services revenue, whereas the non-auto vertical amounted to 19%.
On the delivery model, offshore revenue, which includes services delivered from India and Romania, accounted for 67% of services revenue in Q4FY26, up from 61% in Q3FY26 and 57% in Q4FY25. This higher offshore share supported margin improvement during the quarter.
Strategic Wins During Q4
Tata Technologies reported multiple client wins during Q4FY26. The company secured a multi-year, multi-million-dollar full vehicle engineering program with a Japanese automotive OEM, marking an entry into that market.
A European luxury automotive OEM selected the company for enterprise PLM transformation and operations across engineering, manufacturing, supply chain, and other functions. The company also signed a multi-year engagement with a Tier 1 automotive supplier for a Global Engineering Centre.
In addition, Tata Technologies was engaged by a North American commercial vehicle OEM for services including PLM, testing, quality assurance, manufacturing systems, and program management. Two more engagements with European automotive OEMs were announced, covering supplier quality services and electronics development across vehicle platforms.
Dividend Declaration by Tata Technologies
A final dividend of ₹8.35 per share of ₹2 face value, together with a special dividend of ₹3.35 per share, was recommended by the board. This brings the total dividend to ₹11.70 per share for FY26. The dividend is subject to shareholder approval and will be paid within 30 days after the Annual General Meeting.
Management Commentary of Tata Technologies
Warren Harris, CEO and Managing Director, said “I am pleased that the momentum built in Q3 carried through to Q4, delivering 12% revenue growth in cc and a 190 bps margin expansion. This marks a clear inflection for the business, with growth broad‑based rather than concentrated in any single customer or program. Strong execution against guidance, improving order book visibility, and rising wins in full‑vehicle programs – which serve as a strategic wedge to deepen lifecycle engagement and enable systematic expansion across adjacent services – reinforce our confidence in FY27, where we continue to expect double‑digit organic growth with sustainable margin expansion.”
CFO Uttam Gujrati said “We delivered an outstanding quarter, marked by strong revenue growth, meaningful margin expansion, and robust free cash flow generation, underscoring excellent execution across the organization. Margins expanded on the back of operating leverage and sustained focus on efficiency. As we enter the new fiscal year, we do so with strong momentum and remain firmly focused on operational rigor to drive durable growth and profitability.”
Tata Technologies Share Price Performance
Tata Technologies share price emerged as the top performing stock in the Nifty 500 universe on Tuesday, after the stock recorded its sharpest single day rally ever, supported by the highest NSE volume in over one year.
