Revenue increased 3.3% quarter-on-quarter to ₹1,366 crore from ₹1,323 crore. EBITDA declined 7% on a quarter-on-quarter basis to ₹193 crore from ₹208 crore. Operating margin for the quarter stood at 14.1%, compared with 15.7% in the previous quarter.
The company’s services segment contributed ₹1,060 crore, registering a 4.7% rise QoQ. In US dollar terms, the services segment revenue came in at $118.6 million, up 2.6% sequentially.
Also Read: Tata Group stock, down 54% from peak, gets an upgrade from JPMorgan on better demand
Operating EBITDA for the quarter stood at ₹193 crore, with an EBITDA margin of 14.1%. Adjusted net income, excluding a one-time exceptional item related to the new labour code and acquisition costs, was ₹135 crore, translating into a net income margin of 9.9%.
The company reported a last twelve months (LTM) attrition rate of 15.8%. Total workforce strength at the end of the quarter was 12,580 employees.
Warren Harris, Chief Executive Officer and Managing Director, said, “With strong vertical performance, six strategic deal wins, and continued investment in delivery capacity, we are poised for a sharp acceleration in Q4.
We expect sequential revenue growth of over 10%, signalling a clear inflection point. More importantly, the structural changes we’ve driven — portfolio diversification, reduced concentration risk, and the Es-Tec acquisition — have transformed our growth engine into one that is broader and stickier.”
Also Read: Tata Technologies shares downgraded by BoFA Sec on limited near-term upside
Uttam Gujrati, Chief Financial Officer, said: “We made steady progress on our strategic priorities during the quarter. ES-Tec integration is on track and already creating joint opportunities. Margin headwinds from Q3 are behind us, and we expect to return to—and exceed—the Q2 adjusted margin run-rate.
Our disciplined workforce strategy and investments in future-ready skills position us well for sustainable growth. We remain focused on delivering long-term value for our customers and shareholders.”
Shares of Tata Technologies Ltd ended at ₹650.40, up by ₹3.75, or 0.58%, on the BSE.