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© Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. 14th October 2026 Scrip: BSE 544028, NSE: TATATECH Q2’ FY27 Investor Presentation
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TTL-Classification: Internal © Copyright 2026 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 & amortization
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TTL-Classification: Internal © Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Q2 FY27 Financial Highlights • Total Operating Revenue at ₹16,988 million, up 28.4% YoY; up 25.1% YoY organically • Operating EBITDA at ₹2,733 million; up 31.5% YoY. EBITDA margin up +40bps YoY at 16.1%; Flat QoQ 3 Revenue Profitability • Services Segment Revenue at ₹13,557 million; up 33.9% YoY; up 29.5% YoY organically • In USD, Total Operating Revenue came in at $177.9 million, up 19.1% YoY organic cc • In USD, Services Segment Revenue came in at $141.9 million; up 22.1% YoY organic cc • EBIT stood at ₹2,387 million for the quarter; up 25.3% YoY. EBIT Margin at 14.1% • Net Income at ₹1,714 million vs. ₹1,655 million in Q2 FY26 • Net Income Margin at 10.1%
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TTL-Classification: Internal © Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. I am pleased with our strong performance in Q2, with revenues growing 28% year-on- year, reinforcing our positive outlook for FY27. We remain confident in delivering strong double-digit growth for the full year, supported by robust demand, ongoing program ramp-ups, and healthy pipeline conversion. Through our leadership in product realization, growing full-vehicle development capabilities, expanding Aerospace presence, and AI-native transformation, we believe Tata Technologies is becoming a highly differentiated engineering and technology partner, well-positioned for sustainable long-term growth. Message from the CEO & MD and the CFO 4 Our strong Q2 performance, highlighted by 28% revenue and 32% EBITDA growth, reflects the strength of our diversified portfolio, improving deal momentum, and disciplined execution. While we continue to navigate some near-term challenges, particularly within certain customer segments and geographies, the underlying demand environment remains encouraging, and our strategic programs continue to scale well. Supported by a strong order pipeline, a healthy balance sheet, and continued investments in talent and capabilities, we remain well-positioned to capitalize on the significant opportunities ahead. Warren Harris CEO & MD Uttam Gujrati CFO
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TTL-Classification: Internal © Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Strategic Wins and New Developments 5 Tata Technologies secured a strategic engagement with a Global Automotive OEM to support the development and virtual validation of next-generation vehicle software platforms, reinforcing its capabilities in software-defined vehicles and embedded engineering. Tata Technologies has been selected as a strategic digital transformation partner for a European Tier 1, supporting the modernization of manufacturing operations across its global plants. Tata Technologies has secured a $138 million full vehicle program with a leading luxury European Automotive OEM, further strengthening its position as an end-to-end engineering partner. The engagement spans product development, manufacturing engineering, technical leadership, and program management across two vehicle platforms. A leading North American commercial vehicle manufacturer has selected Tata Technologies to lead the end-to-end development of a new vehicle platform and support the associated digital ecosystem. A North American Tier 1 has selected Tata Technologies to assume responsibility for a strategic engineering center, reflecting growing customer confidence in our delivery capabilities.
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TTL-Classification: Internal © Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Financial & Operational Data
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TTL-Classification: Internal © Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Income Statement - Consolidated IND ASINR Mn Q2 FY26 Q1 FY27 Q2 FY27 QoQ YoY Revenue from operations 13,233 16,646 16,988 2.1% 28.4% Services Segment 10,128 12,969 13,557 4.5% 33.9% Technology Solutions Segment 3,105 3,677 3,431 -6.7% 10.5% Gross Profit 3,599 4,600 4,738 3.0% 31.6% Services Segment 3,039 3,958 4,084 3.2% 34.4% Technology Solutions Segment 561 642 654 1.9% 16.6% Operating EBITDA 2,078 2,674 2,733 2.2% 31.5% EBIT* 1,906 2,386 2,387 0.1% 25.3% PBT 2,259 2,517 2,417 -4.0% 7.0% Net Income 1,655 1,808 1,714 -5.2% 3.6% EPS (diluted) 4.08 4.45 4.22 -5.2% 3.4% 7 Margins (%) Gross Margin 27.2% 27.6% 27.9% Service Segment 30.0% 30.5% 30.1% Technology Solutions Segment 18.1% 17.5% 19.1% Operating EBITDA Margin 15.7% 16.1% 16.1% EBIT Margin 14.4% 14.3% 14.1% Net Income Margin 12.5% 10.9% 10.1% *EBIT includes “share of profit from equity accounted investees” and “other deferral income” USD Mn Q2 FY26 Q1 FY27 Q2 FY27 QoQ YoY In Constant Currency QoQ YoY Revenue from operations 150.9 175.4 177.9 1.4% 17.8% 1.9% 22.2% Service Segment 115.6 136.6 141.9 3.9% 22.8% 4.3% 26.2% IND AS
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TTL-Classification: Internal © Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Q2 FY27 Key Metrics 8 Employee metrics Q2 FY26 Q1 FY27 Q2 FY27 DSO : Billed + Unbilled (days) 109 97 102 Cash and Cash Equivalent ($ Mn) (1) 122.8 118.7 107.8(3) FCF (INR Mn)(2) 2,061 2,479 2,235 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 ~$50 million in dividends paid out in Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Headcount 12,402 12,579 12,895 Voluntary attrition, LTM 15.1% 16.0% 15.6% Headcount includes FTEs and contractors Services: Customer pyramid (LTM) Q2 FY26 Q1 FY27 Q2 FY27 > 50 Mn 2 3 2 10-50 Mn 3 5 6 5-10 Mn 8 7 7 1-5 Mn 33 34 37
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TTL-Classification: Internal © Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. 150.9 175.4 177.9 Q2 FY26 Q1 FY27 Q2 FY27 USD Million Revenue from Operations +17.8% YoY; +1.4% QoQ 10,128 12,969 13,557 Q2 FY26 Q1 FY27 Q2 FY27 INR Million Revenue from Services Segment 115.6 136.6 141.9 Q2 FY26 Q1 FY27 Q2 FY27 USD Million Revenue from Services Segment 13,233 16,646 16,988 Q2 FY26 Q1 FY27 Q2 FY27 INR Million Revenue from Operations +28.4% YoY; +2.1% QoQ Q2 FY27 Financial Highlights 9 +33.9% YoY; +4.5% QoQ +22.8% YoY; +3.9% QoQ
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TTL-Classification: Internal © Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Q2 FY27 Financial Highlights 10 30.0% 30.5% 30.1% Q2 FY26 Q1 FY27 Q2 FY27 Gross Margin: Services Segment 15.7% 16.1% 16.1% Q2 FY26 Q1 FY27 Q2 FY27 Operating EBITDA Margin 27.2% 27.6% 27.9% Q2 FY26 Q1 FY27 Q2 FY27 Gross Margin % 14.4% 14.3% 14.1% Q2 FY26 Q1 FY27 Q2 FY27 EBIT Margin
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TTL-Classification: Internal © Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Q2 FY27 Financial Highlights Offshore revenue represents Services revenue delivered from India & Romania and sourced outside India & Romania 77% 78% 80% 23% 22% 20% Q2 FY26 Q1 FY27 Q2 FY27 % of Operating Revenue Services Segment Technology Solutions Segment 81% 81% 80% 19% 19% 20% Q2 FY26 Q1 FY27 Q2 FY27 % of Services Segment Revenue Auto Non-Auto 11 41% 34% 35% 59% 66% 65% Q2 FY26 Q1 FY27 Q2 FY27 Revenue Mix Offshore % Onshore %
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© Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Progress, Powered by Potential
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TTL-Classification: Public © Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. TMCV Value Excellence Award The recognition reflects Tata Technologies’ focus on delivering value beyond individual projects by enabling long-term customer success, driving innovation, and creating measurable impact through close collaboration and engineering excellence. Tata Technologies received the TMCV Supplier Award for Value Excellence from Tata Motors, recognizing its commitment to creating meaningful business outcomes, building trusted partnerships, and supporting customers through transformation with confidence. 13 Awards & Recognitions
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TTL-Classification: Public © Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Brandon Hall Group Award for Talent Acquisition Excellence Tata Technologies received the Brandon Hall Group Award for Best Talent Acquisition Process, recognizing its strategic, technology-enabled approach to direct sourcing and candidate experience. The transformed talent acquisition process delivered an offer acceptance rate of over 90%, a 66% reduction in agency dependency, and a candidate satisfaction score of 4.8/5, reinforcing Tata Technologies’ focus on building a future-ready workforce. 14 Awards & Recognitions
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TTL-Classification: Public © Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Adam Smith Awards Asia 2026 Tata Technologies was recognized as a Highly Commended Winner in the Best Use of AI in Corporate Treasury category at the Adam Smith Awards Asia 2026. The recognition highlights the impact of Tata Technologies’ AI Cash Flow Forecasting Initiative in enabling smarter decision-making, greater visibility, and stronger treasury performance. The achievement reflects Tata Technologies’ focus on using AI to transform finance through innovation and collaboration. The initiative is helping strengthen treasury operations and advancing the company’s journey toward intelligent finance. 15 Awards & Recognitions
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TTL-Classification: Public © Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Expanding Our Global Aerospace Presence at Farnborough 2026 Tata Technologies showcased solutions spanning aircraft and systems engineering, digital manufacturing, and connected maintenance, demonstrating how its engineering and digital capabilities can address evolving aerospace requirements and support innovation across the value chain. The Farnborough International Airshow provided a global platform for Tata Technologies to strengthen its aerospace presence and engage with customers, partners, and industry stakeholders. The company's first participation at the event showcased its growing focus on the aerospace sector and capabilities across the aircraft lifecycle. 16
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TTL-Classification: Public © Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Leadership Perspectives on Evolving Industry Trends 17 “Higher auto spending, aviation bet will push us to $1 billion” Warren Harris, CEO & MD, Tata Technologies We've been growing aerospace specifically at a faster rate than automotive, and whilst we see a bounce back of growth in automotive, we expect the growth in aerospace to continue. Aerospace and automotive are increasingly engaged in a different kind of mining: extracting intelligence from the enormous volumes of data generated by the machines they design, build, and operate. Advances in intelligent energy management, embedded software, power electronics, battery optimization, and virtual engineering are enabling OEMs to develop vehicles with higher efficiency, performance, and reliability. Integrated engineering and manufacturing help OEMs accelerate industrialization, reduce rework, and improve production readiness. A connected digital thread is becoming essential to manage lifecycle complexity. “Our goal is to help OEMs navigate the mobility transition with confidence” Yogesh Deo, EVP & Global Head ER&D, Tata Technologies “Technology alone will not be enough for OEMs” Kamakshya Prusti, VP – Business Transformation, Tata Technologies “AI turns digital thread into living intelligence across Mobility” Dr Rajarajan Shanmugam, Sr. Dir. & Transformation Partner, Tata Technologies
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TTL-Classification: Public © Copyright 2026 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 helping manufacturers design, develop, and deliver better products. The company partners with global OEMs and enterprises across automotive, aerospace, industrial heavy machinery, and other manufacturing sectors. Driven by its vision of #EngineeringABetterWorld, Tata Technologies enables enterprises to innovate faster and deliver differentiated customer experiences through engineering excellence and digital transformation. With deep domain expertise in Embedded Systems and Software Solutions, Engineering Research & Development (ER&D) Services, and Digital Enterprise Solutions, Tata Technologies helps enterprises accelerate time-to-market, optimize product development costs, improve operational efficiency, and build smarter, safer, and more sustainable products. For more, visit us at www.tatatechnologies.com or learn more here. Follow us on Instagram, LinkedIn, X (Twitter), Facebook, and YouTube for the latest updates. 18
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TTL-Classification: Public © Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. Contact Us 19 ir@tatatechnologies.com +91 20 66529090 Vijay Lohia For investor queries nikita.crasta@adfactorspr.com +91 22 67574600 Nikita Crasta For media queries Nikunj Ambegaonker nikunj.ambegaonker@tatatechnologies.com
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TTL-Classification: Public /TataTechnologies @tatatechnologies /TataTech_News /TataTechnologies /TataTechnologies tatatechnologies.com © Copyright 2026 Tata Technologies. All rights reserved. All other trademarks are trademarks of their respective owners. ASIA PACIFIC Corporate HQ & Registered Office Plot No. 25, Rajiv Gandhi Infotech Park Hinjawadi, Pune – 411 057 India Tel: +91 20 66529090 EUROPE Olympus Avenue Royal Leamington Spa, Warwick – CV34 6RJ United Kingdom Tel: +0844 3759685 NORTH AMERICA 6001 Cass Avenue, Suite 600 Detroit, MI – 48202 United States Tel: +1 248 4261482