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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Investor presentation Q1’ FY26 14th July 2025 Scrip: BSE 544028, NSE: TATATECH #EngineeringASoftwareDefinedFuture
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Disclaimer 2 This release may include opinions and assumptions about future performance which could be considered forward-looking statements. Forward-looking statements intrinsically cover several risks and uncertainties, which may lead to a material difference between actual results and the statements themselves. Such statements comprise the company’s current visibility on market movements, client discussions, and related factors. Tata Technologies Limited does not assume an obligation to update or revise any forward-looking statements. Certain analysis undertaken and represented in this document may constitute an estimate from the Company and may differ from the actual underlying results. Other Details • Reported EBITDA is defined to exclude other income. • Reported EBIT is defined as reported EBITDA plus share of profit from the equity accounted investee, plus deferred income, less depreciation & amortisation
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Leading global engineering services company 83% Automotive revenue(3) 12,407 Employees(5) 13.7% Q1’FY26 PAT margin Among Top 2 Global engineering service providers in electrification(2) INR 12.4 bn $145.3mn (6) Q1’FY26 Revenue from Operations 16.1% Q1’FY26 Operating EBITDA(7) margin Pureplay ER&D and Digital Solutions Specialist Note: (1) ER&D Service Provider; (2) Source: Zinnov; (3) % of automotive revenue attributable to the Services segment for Q1’FY26 period; (4) As sourced from Litmus World ( 5) FTE and contracted employees as of Jun 30, 2025 (6) Revenue from operations where the revenue from operations is accounted for on a monthly basis and converted using the ave rage of the $ conversion rates during each month for the relevant currencies; ( 7) Operating EBITDA is calculated as EBITDA less other income. Customer NPS 66 Among the top 10 percentile of tech services providers (4) #1 India-based, Global Automotive Engineering ESP(1) in Zinnov Zones for the 8th consecutive year
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Q1’ FY26 Financial highlights • Total Company Operating Revenue at ₹12,443 million • Operating EBITDA at ₹2,001 million; EBITDA Margin at 16.1% 4 Revenue Profitability • Services Segment Revenue at ₹9,637 million • In USD, total Company Operating Revenue came in at $145.3 million • In USD, Services Segment Revenues came in at $112.5 million • EBIT stood at ₹1,819 million for the quarter • Net Income at ₹1,703 million; up 5.1% YoY • Net Income Margin at 13.7%, vs 12.8% YoY
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. While the quarter began on a cautious note, client confidence strengthened steadily as the period progressed, reaffirming long-term commitments to product innovation and digital transformation. This renewed belief in building the future supported strong deal momentum, resulting in six strategic wins. As we look ahead, we remain optimistic about a sequential recovery in Q2 and a stronger second half of FY26. Our deal pipeline today is more robust than a year ago, and the early momentum we’re seeing provides greater visibility and conviction in improved conversion through the year. Message from the CEO & MD and the CFO We achieved strong cash flow performance this quarter through consistent execution and disciplined working capital management, despite operating in a challenging environment. We continued to invest in priority areas, maintained financial strength, and drove efficiency across the value chain. As we progress through the year, our focus remains on executing with agility, strengthening strategic relationships, and delivering sustainable value to our stakeholders. 5 Warren Harris CEO and MD Savitha Balachandran CFO
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Strategic wins and new developments 6 Volvo Cars has selected Tata Technologies as a strategic supplier for product engineering, embedded software, and PLM— reinforcing our role in driving their transition to software-defined and sustainable mobility. A leading European luxury automotive OEM has engaged Tata Technologies to deliver technical services across key domains including body engineering, digital product development, powertrain systems, and sustainability. Tata Technologies and Emerson have formed a strategic partnership to co-develop integrated testing and validation solutions for next-gen mobility—combining Emerson’s test expertise with our engineering and innovation scale. A leading North American global automotive Tier-1 supplier has selected Tata Technologies to deliver critical engineering support across multiple units, reflecting their increased trust in our ability to handle complex engineering projects. A leading global automotive contract manufacturer selected Tata Technologies for a multi-year, multi-plant SAP S4 implementation. A leading global CV OEM has chosen Tata Technologies as a preferred engineering partner in a multi-year strategic engagement to set up a dedicated ODC, delivering end-to-end product engineering support across its brand portfolio. A leading Asian Airline has partnered with Tata Technologies to deliver a fully integrated aircraft docking system—from concept and structural design to simulation, manufacturing support, and on-site installation.
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Financial & operational data
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Income statement - consolidated IND AS INR Mn Q1’ FY25 Q4’ FY25 Q1’ FY26 QoQ YoY Revenue from operations 12,690 12,857 12,443 -3.2% -1.9% Services Segment 9,855 10,241 9,637 -5.9% -2.2% Technology Solutions segment 2,835 2,616 2,806 7.3% -1.0% Gross Profit 3,581 3,987 3,191 -20.0% -10.9% Services Segment 3,066 3,475 2,666 -23.3% -13.1% Technology Solutions segment 515 512 525 2.6% 2.1% Operating EBITDA 2,311 2,334 2,001 -14.3% -13.4% EBIT* 2,014 2,141 1,819 -15.0% -9.7% PBT 2,196 2,581 2,326 -9.9% 5.9% Net Income 1,620 1,889 1,703 -9.8% 5.1% EPS (diluted) 3.99 4.65 4.19 -9.8% 5.1% Margins (%) Gross Margin 28.2% 31.0% 25.6% Service Segment 31.1% 33.9% 27.7% Technology Solutions segment 18.2% 19.6% 18.7% Operating EBITDA Margin 18.2% 18.2% 16.1% EBIT Margin 15.9% 16.7% 14.6% Net Income Margin 12.8% 14.7% 13.7% USD Mn Q1’ FY25 Q4’ FY25 Q1’ FY26 QoQ YoY In Constant Currency QoQ YoY Revenue from operations 152.1 148.3 145.3 -2.1% -5.1% -4.6% -5.3% Service Segment 118.1 118.1 112.5 -4.7% -6.8% -7.6% -6.3% 8 EBIT includes “share of profit from equity accounted investees” and “other deferral income”
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Q1’ FY26 Key metrics Employee metrics Q1’ FY25 Q4’ FY25 Q1’ FY26 DSO : Billed + Unbilled (days) 84 81 87 Cash and Cash Equivalent ($ Mn) (1) 131.4 174.7 158.7(3) FCF (2) 2,217 2,208 1,890 Liquidity metrics 1) As on last day of the respective reporting period. Excludes restricted cash, if any 2) FCF computed as Adj. EBITDA (-) Net Capital Expenditure 3) This is after ~$55 million in dividends paid out in Q1 FY26 Q1’ FY25 Q4’ FY25 Q1’ FY26 Headcount 12,505 12,644 12,407 Voluntary attrition, LTM 13.7% 13.2% 13.8% Headcount includes FTEs and contractors Services: Customer pyramid (LTM) Q1’ FY25 Q4’ FY25 Q1’ FY26 > 50 Mn 2 2 2 10-50 Mn 6 3 3 5-10 Mn 3 10 8 1-5 Mn 28 29 32 9
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. 9,855 10,241 9,637 Q1 FY25 Q4 FY25 Q1 FY26 INR Million Revenue from Services Segment 118.1 118.1 112.5 Q1 FY25 Q4 FY25 Q1 FY26 USD Million Revenue from Services Segment 12,690 12,857 12,443 Q1 FY25 Q4 FY25 Q1 FY26 INR Million Revenue from Operations -4.5% YoY; -2.1% QoQ -1.9% YoY; -3.2% QoQ Q1’ FY26 Financial highlights -2.2% YoY; -5.9% QoQ -4.7% YoY; -4.7% QoQ 10 152.1 148.3 145.3 Q1 FY25 Q4 FY25 Q1 FY26 USD Million Revenue from Operations
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners.11 31.1% 33.9% 27.7% Q1 FY25 Q4 FY25 Q1 FY26 Gross Margin: Services Segment 18.2% 18.2% 16.1% Q1 FY25 Q4 FY25 Q1 FY26 Operating EBITDA Margin Q1’ FY26 Financial highlights 28.2% 31.0% 25.6% Q1 FY25 Q4 FY25 Q1 FY26 Gross Margin % 15.9% 16.7% 14.6% Q1 FY25 Q4 FY25 Q1 FY26 EBIT Margin
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Q1’ FY26 Financial highlights Offshore revenue represents Services revenue delivered from India & Romania and sourced outside India & Romania 78% 80% 77% 22% 20% 23% Q1 FY25 Q4 FY25 Q1 FY26 % of Operating Revenue Services Segment Technology Solutions Segment 85% 83% 83% 15% 17% 17% Q1 FY25 Q4 FY25 Q1 FY26 % of Services Segment Revenue Auto Non-Auto 12 39.0% 43.4% 39.7% 61.0% 56.6% 60.3% Q1'25 Q4' 25 Q1' 26 Revenue Mix Offshore % Onshore %
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. We’re engineering a software-defined future for everyone #EngineeringASoftwareDefinedFuture
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Tata Technologies selected as a strategic supplier by Volvo Cars Tata Technologies has been selected as a strategic supplier by Volvo Cars – a milestone that reinforces Tata Technologies commitment towards #EngineeringASoftwareDefinedFuture by innovating smarter, safer, and more sustainable solutions for global automotive companies. Building on an already trusted relationship, this expanded partnership will focus on product engineering, embedded software solutions, and Product Lifecycle Management (PLM) services. Tata Technologies will support Volvo Cars from its global delivery hubs including Gothenburg—its Automotive Centre of Excellence—as well as India and Romania. 14
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Tata Technologies and Emerson partner to Innovate Advanced Testing Solutions for next-gen Mobility At NI Innovation Day India, Tata Technologies showcased its innovations through live demos and a keynote by our CTO, Sriram Lakshminarayanan. The showcase covered SDV architectures, cybersecurity, connected vehicles, infotainment, and AI-driven test automation—highlighting our role in software-led mobility transformation. Tata Technologies and Emerson have announced a strategic partnership to develop advanced testing and validation solutions for next-gen mobility. The collaboration focuses on scalable, AI-enabled frameworks to address the complexity of software-defined, connected, and electric vehicles. 15
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Engaged our Customers across the world through Innovation Days Our experts presented innovations in AI and Gen AI, connected vehicles, verification & validation, SDV architectures, and vehicle testing. These engagements reinforced our commitment to engineering a software- defined future and paved the way for deeper collaboration on next-gen mobility programs. Tata Technologies engaged global automotive OEMs and Tier-1 suppliers to showcase our transformation journey, highlighting how we are evolving into a software-driven ER&D partner. Discussions focused on key challenges such as software-led vehicle development, embedded cybersecurity, and digital continuity across the product lifecycle. 16
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Showcased our innovations at Cummins India’s UDAAN DigiTech Day Our team demonstrated capabilities in smart manufacturing, highlighting solutions across Digital Thread, PLM, ALM, MES, Manufacturing Engineering, Predictive Maintenance, and AI-led innovations including Gen AI and Factory Copilot. Tata Technologies participated in Cummins India’s UDAAN: DigiTech Day at their Phaltan manufacturing plant, centered around the theme of digitally transforming the manufacturing value chain. The event brought together 11 technology partners to showcase innovations driving Industry 4.0 adoption. 17
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Launched InnoVent 2026 for engineering students in collaboration with AWS Tata Technologies and Amazon Web Services (AWS) collaborate to launch the 3rd edition of InnoVent hackathon for engineering students in India, shaping the future of Smart Mobility. The hackathon is open to 3rd and 4th year engineering students across India and encourages inclusive participation, inviting entries from women engineers and differently abled team members. This year's theme focuses on leveraging newer technologies, such as AI, Generative AI, Agentic AI, IoT, Embedded Software, Cloud Computing, Digital Twins, and AR/VR, to innovate solutions that address the challenges faced by the mobility industry. The Subject Matter Experts (SMEs) from Tata Technologies and AWS will mentor and guide the top-performing project team/s to scale their projects. 18
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Classification: InternalClassification: Confidential Our thought-leadership showcasing how we are engineering asoftware-defined future Backed by 30+ years of expertise, our leaders are helping revolutionize automotive, aerospace, and IHM with AI-driven digital engineering for next-gen product innovation 19 Why one network, one data model is key to intelligent mobility Collaborative alliances and open standards are accelerating SDV evolution, enabling harmonised development, real-time scalable software updates, predictive maintenance, real-time diagnostics, data-driven personalisation, and new value streams through connected vehicles supported by advanced off-car analytics platforms. Collaborative alliances and open standards are accelerating SDV evolution, enabling harmonised development, real-time scalable software updates, predictive maintenance, real- time diagnostics, data-driven personalisation, and new value streams through connected vehicles supported by advanced off-car analytics platforms. Tata Tech Puts AI in Driver’s Seat to Power Smarter Manufacturing Global manufacturers are integrating AI and automation across design, production, quality control, and sustainability, shortening cycles and boosting agility. Tata Technologies emphasizes scalable AI platforms, real-time decisioning, and continuous learning to enhance innovation and operational efficiency. Powering progress – engineering the electrified, connected future of industrial heavy machinery Heavy machinery is evolving with embedded sensors for real-time condition monitoring, electrification to decarbonise operations, and automation—including autonomous forklifts and AI-based hydraulic control—enabled by connectivity (5G) and data-driven insights for efficiency. BMW Joint Venture, Boost For Aerospace, AI Defined Vehicles & More: Tata Tech MD On NDTV Profit Warren Harris mentions Tata Technologies expects stronger growth in FY26’s second half, driven by automotive and aerospace demand, BMW JV gains, and AI-led efficiencies, despite near-term softness from tariff uncertainties and delayed product investment decisions.
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. About Tata Technologies Tata Technologies (BSE: 544028, NSE: TATATECH) is a global product engineering and digital services company focused on fulfilling Its mission of helping the world drive, fly, build, and farm by enabling Its customers to realize better products and deliver better experiences. Tata Technologies is the strategic engineering partner businesses turn to when they aspire to be better. Manufacturing companies rely on Tata Technologies to enable them to conceptualize, develop and realize better products that are safer, cleaner, and improve the quality of life for all the stakeholders, helping us achieve our vision of #EngineeringABetterWorld. For more, visit us at https://www.tatatechnologies.com/ or learn more here. Follow us on Instagram, LinkedIn, Twitter, Facebook and YouTube for the latest updates. 20
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© Copyright 2025 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Contact Us Email: ir@tatatechnologies.com Desk Phone: +91 20 66529090 Name: Vijay Lohia For investor queries 21 Email: Nikita.Crasta@adfactorspr.com Desk Phone: +91 22 67574600 Name: Nikita Crasta For media queries
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