TATATECH · Information Technology
Operating margin fell sharply on the year. Pricing, input costs, or mix?
EBITDA margin 14.1%, −364 bps on the year (−159 bps on the quarter).
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,289 cr | ₹1,301 cr | ₹1,269 cr | ₹1,296 cr | ₹1,317 cr | ₹1,286 cr | ₹1,244 cr | ₹1,323 cr | ₹1,366 cr | ₹1,572 cr | ₹1,665 cr | ₹1,699 cr |
| YoY | — | — | — | +2% | +2% | −1% | −2% | +2% | +4% | +22% | +34% | +28% |
| EBITDA margin | 18.4% | 18.4% | 18.2% | 18.2% | 17.8% | 18.1% | 16.1% | 15.7% | 14.1% | 16.0% | 16.0% | 16.1% |
| Other income, % of PBT | 13% | 10% | 10% | 7% | 12% | 24% | 29% | 24% | −543% | 33% | 18% | 18% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 28% | 32% | 26% | 28% | 25% | 27% | 27% | 27% | 71% | 28% | 28% | 29% |
| Net profit | ₹170 cr | ₹157 cr | ₹162 cr | ₹157 cr | ₹169 cr | ₹189 cr | ₹170 cr | ₹166 cr | ₹7.0 cr | ₹204 cr | ₹181 cr | ₹171 cr |
| YoY | — | — | — | −2% | −1% | +20% | +5% | +6% | −96% | +8% | +6% | +3% |
| Core profit YoY | — | — | — | +10% | −3% | −5% | −16% | −14% | −25% | −4% | +25% | +16% |
| EPS | ₹4.20 | ₹3.88 | ₹3.99 | ₹3.88 | ₹4.16 | ₹4.66 | ₹4.20 | ₹4.08 | ₹0.16 | ₹5.03 | ₹4.45 | ₹4.22 |
| Flags | · | · | · | ✓ | ✓ | 1 | 1 | 1 | 1 | 1 | 1 | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Tata Technologies Ltd. reported revenue of ₹1,366 cr (+3.7% on the year) and net profit of ₹7.0 cr (−95.9% on the year) for October to December 2025.
Profit before other income, exceptional items and tax moved −25.3% on the year, against −95.9% for reported profit.
1 check raised a question: Operating margin fell sharply on the year. Pricing, input costs, or mix?
No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.
Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.