Tata Technologies Limited — Quarter and year ended March 31, 2026
| Particulars | Quarter ended March 31, 2026 Audited (Refer note 6) | Dec 31, 2025 Unaudited | Mar 31, 2025 Audited (Refer note 6) | Year ended March 31, 2026 Audited | Year ended March 31, 2025 Audited |
|---|---|---|---|---|---|
| I Revenue from operations | 1,572.22 | 1,365.73 | 1,285.65 | 5,505.57 | 5,168.45 |
| II Other income (net) | 30.96 | 31.82 | 57.08 | 174.55 | 124.13 |
| III Total income (I+II) | 1,603.18 | 1,397.55 | 1,342.73 | 5,680.12 | 5,292.58 |
| IV Expenses | |||||
| (a) Purchases of technology solutions | 270.36 | 235.30 | 203.31 | 967.19 | 899.71 |
| (b) Outsourcing and consultancy charges | 137.33 | 106.55 | 101.01 | 425.19 | 390.42 |
| (c) Employee benefits expense | 762.67 | 697.74 | 626.27 | 2,737.42 | 2,488.93 |
| (d) Finance costs | 15.81 | 9.11 | 4.81 | 34.12 | 19.63 |
| (e) Depreciation and amortisation expense | 46.73 | 36.00 | 31.15 | 144.95 | 121.21 |
| (f) Other expenses | 149.72 | 133.29 | 121.65 | 522.82 | 455.34 |
| Total expenses | 1,382.62 | 1,217.99 | 1,088.20 | 4,831.69 | 4,375.24 |
| V Profit before share of profit in equity accounted investee, exceptional items and tax (III – IV) | 220.56 | 179.56 | 254.53 | 848.43 | 917.34 |
| VI Share of profit of equity accounted investee | 6.64 | 7.27 | 3.56 | 24.02 | 4.06 |
| VII Profit before exceptional items and tax (V + VI) | 227.20 | 186.83 | 258.09 | 872.45 | 921.40 |
| VIII Exceptional Items | |||||
| i) Statutory impact of new Labour Codes (Refer note 3) | (56.13) | 163.86 | – | 107.73 | – |
| ii) Costs related to business combination (Refer note 4) | (56.13) | 139.87 | – | 83.74 | – |
| – | 23.99 | – | 23.99 | – | |
| IX Profit before tax for the period/year (VII – VIII) | 283.33 | 22.97 | 258.09 | 764.72 | 921.40 |
| X Tax expense | |||||
| (a) Current tax | 123.57 | 38.45 | 81.93 | 292.68 | 325.96 |
| (b) Deferred tax | (44.41) | (22.12) | (12.71) | (74.55) | (81.51) |
| Total tax expense (net) | 79.16 | 16.33 | 69.22 | 218.13 | 244.45 |
| XI Profit for the period/year (IX – X) | 204.17 | 6.64 | 188.87 | 546.59 | 676.95 |
| Attributable to: | |||||
| Shareholders of the Company | 204.17 | 6.64 | 188.87 | 546.59 | 676.95 |
| XII Other comprehensive income/(loss) | |||||
| Items that will not be reclassified to profit or loss: | |||||
| (i) Remeasurement of defined employee benefit plans | 16.03 | (1.15) | (0.91) | 12.58 | 1.29 |
| (ii) Income tax credit/(expense) relating to above items | (4.04) | 0.29 | 0.23 | (3.17) | (0.32) |
| Items that will be reclassified to profit or loss: | |||||
| (i) Exchange differences on translation of financial statements of foreign operations | 119.06 | 5.68 | 34.43 | 256.65 | 79.36 |
| Total other comprehensive income for the period/year | 131.05 | 4.82 | 33.75 | 266.06 | 80.33 |
| XIII Total comprehensive income (net of tax) for the period/year (XI + XII) | |||||
| Attributable to: | |||||
| Shareholders of the Company | 335.22 | 11.46 | 222.62 | 812.65 | 757.28 |
| XIV Paid-up equity share capital (face value of ₹2 each) | 81.20 | 81.15 | 81.13 | 81.20 | 81.13 |
| XV Other equity | – | – | – | 3,842.17 | 3,498.29 |
| XVI Earnings per share (EPS) | |||||
| Equity shares (face value of ₹2 each): | |||||
| (a) Basic EPS | 5.03 | 0.16 | 4.66 | 13.47 | 16.69 |
| (b) Diluted EPS | 5.03 | 0.16 | 4.65 | 13.47 | 16.66 |
| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| Audited | Audited | |
| I. ASSETS | ||
| (1) Non-current Assets | ||
| (a) Property, plant and equipment | 99.93 | 100.11 |
| (b) Capital work-in-progress | 0.63 | – |
| (c) Right-to-use-asset | 196.25 | 160.74 |
| (d) Goodwill | 1,351.25 | 818.09 |
| (e) Other Intangible assets | 407.35 | 51.31 |
| (f) Intangible assets under development | 14.77 | – |
| (g) Investments accounted for using the equity method | 25.65 | 4.07 |
| (h) Financial assets: | ||
| (i) Investments | 0.01 | – |
| (ii) Loans | 15.00 | – |
| (iii) Other financial assets | 343.42 | 283.43 |
| (i) Deferred tax assets (net) | 444.25 | 341.52 |
| (j) Income tax assets (net) | 25.31 | 55.19 |
| (k) Other non-current assets | 221.96 | 176.96 |
| Total Non-current Assets | 3,145.78 | 1,991.42 |
| (2) Current Assets | ||
| (a) Financial assets: | ||
| (i) Investments | 797.81 | 611.72 |
| (ii) Trade receivables: | ||
| (a) Billed | 922.60 | 771.11 |
| (b) Unbilled | 264.26 | 234.44 |
| (iii) Cash and cash equivalents | 682.34 | 667.49 |
| (iv) Other bank balances | 32.83 | 235.08 |
| (v) Loans | 301.78 | 50.45 |
| (vi) Other financial assets | 85.91 | 46.89 |
| (b) Income tax assets (net) | 10.84 | 50.91 |
| (c) Other current assets | 2,709.31 | 2,004.72 |
| Total Current Assets | 5,807.68 | 4,672.81 |
| Total assets | 8,953.46 | 6,664.23 |
| II. EQUITY AND LIABILITIES | ||
| (1) Equity | ||
| (a) Equity share capital | 81.20 | 81.13 |
| (b) Other equity | 3,842.17 | 3,498.29 |
| Total Equity | 3,923.37 | 3,579.42 |
| Liabilities | ||
| (2) Non-current liabilities | ||
| (a) Financial liabilities: | ||
| (i) Borrowings | 588.99 | – |
| (ii) Lease liabilities | 196.29 | 185.69 |
| (iii) Other financial liabilities | 149.99 | 0.51 |
| (b) Provisions | 61.27 | 32.80 |
| (c) Deferred tax liabilities (net) | 93.31 | – |
| (d) Other non-current liabilities | 149.57 | 182.81 |
| Total Non-current liabilities | 1,239.42 | 401.81 |
| (3) Current liabilities | ||
| (a) Financial liabilities: | ||
| (i) Borrowings | 76.57 | – |
| (ii) Lease liabilities | 76.13 | 50.89 |
| (iii) Trade payables: | ||
| (a) Total outstanding dues of micro enterprises and small enterprises; and | 2.30 | 32.65 |
| (b) Total outstanding dues of creditors other than micro enterprises and small enterprises | 579.06 | 444.07 |
| (iv) Other financial liabilities | 33.54 | 21.19 |
| (b) Other current liabilities | 2,718.33 | 1,938.60 |
| (c) Provisions | 88.09 | 26.74 |
| (d) Income tax liabilities (net) | 216.65 | 168.86 |
| Total Current liabilities | 3,790.67 | 2,683.00 |
| Total liabilities | 5,030.09 | 3,084.81 |
| Total Equity and Liabilities | 8,953.46 | 6,664.23 |
| Particulars | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|
| Cash flows from operating activities: | ||
| Profit for the year | 546.59 | 676.95 |
| Adjustments for: | ||
| Depreciation and amortisation | 144.95 | 121.21 |
| Share-based payments to employees | 1.88 | 9.02 |
| Current tax | 292.68 | 325.96 |
| Deferred tax | (74.55) | (81.51) |
| Profit on sale of investments | (19.85) | (12.42) |
| Profit on derecognition of lease liability/right to use assets | (0.61) | (0.05) |
| Profit on sale of tangible and intangible fixed assets | (0.95) | (0.68) |
| Share of profit in equity accounted investee | (24.02) | (4.06) |
| Interest income | (35.97) | (67.77) |
| Other Deferral Income & contractual assets remeasurement | (42.39) | (19.09) |
| Finance cost | 34.12 | 19.63 |
| Effect of exchange differences on translation of foreign currency cash & cash equivalent | – | 1.67 |
| Bad Debts & advances written off | 15.67 | 0.14 |
| Loss allowance on trade receivables and advances | (9.78) | 8.36 |
| Change in fair value of investments | (11.81) | (4.53) |
| Change in fair value of derivatives measured at FVTPL | 4.85 | 2.29 |
| Cash flows from operating activities before working capital changes | 820.81 | 975.12 |
| Working capital adjustments | ||
| Trade receivables – Billed | (53.13) | 220.41 |
| Trade receivables – Unbilled | (12.49) | (48.82) |
| Other financial assets | (32.82) | 47.95 |
| Other current assets | (649.37) | (578.48) |
| Current loans | 0.39 | (1.60) |
| Other non-current assets | (45.00) | (57.55) |
| Trade payables | 17.91 | (27.39) |
| Other non-current financial liabilities | (0.21) | (0.27) |
| Other current financial liabilities | 1.33 | 9.82 |
| Other current liabilities | 805.28 | 471.67 |
| Current provisions | 59.94 | (2.79) |
| Non-current provisions | 41.05 | 5.22 |
| Cash generated from operations | 953.69 | 1,013.29 |
| Income taxes paid (net) | (177.99) | (314.04) |
| Net cash generated from operating activities | 775.70 | 699.25 |
| Cash flows from investing activities: | ||
| Proceeds from sale of tangible and intangible property, plant and equipment | 1.38 | 0.80 |
| Dividend received | 2.44 | – |
| Payment for purchase of tangible and intangible fixed assets | (33.59) | (31.48) |
| Proceeds from sub lease receivable | 4.76 | 4.51 |
| Interest received on bank deposit and others | 25.65 | 36.75 |
| Deposits with banks | (570.35) | (1,272.66) |
| Proceeds from redemption of the bank deposits | 626.70 | 1,391.72 |
| Inter corporate deposits placed | (1,105.00) | (1,805.46) |
| Inter corporate deposits redeemed | 838.96 | 2,007.50 |
| Investment in Section 8 Company | (0.01) | – |
| Interest received from inter corporate deposit | 4.78 | 24.22 |
| Investment in Associate | – | (0.01) |
| Purchase of mutual funds | (2,001.40) | (1,060.45) |
| Proceeds from sale of mutual funds | 1,846.97 | 616.03 |
| Payment pursuant to acquisition of subsidiaries (net of cash acquired) | (512.21) | – |
| Net cash (used in) investing activities | (870.92) | (88.53) |
| Cash flows from financing activities: | ||
| Share application money received pending allotment | 0.55 | – |
| Proceeds from issue of shares including securities premium | 3.50 | – |
| Interest paid | (1.33) | (0.54) |
| Dividends paid | (476.61) | (416.48) |
| Proceeds from non-current borrowings | 570.32 | – |
| Repayment of lease liabilities | (80.80) | (69.37) |
| Net cash generated from / (used in) financing activities | 15.63 | (486.39) |
| Net decrease in cash and cash equivalents | (79.59) | 124.33 |
| Cash & cash equivalents at the beginning of the year | 667.49 | 519.85 |
| Add: Effect of foreign exchange on cash and cash equivalents (including translation adjustments on cash & bank balances of foreign subsidiaries) | 94.44 | 23.31 |
| Cash & cash equivalents at the end of the year | 682.34 | 667.49 |
| Particulars | Quarter Ended March 31, 2026 Audited (Refer note 6) | Quarter Ended December 31, 2025 Unaudited | Quarter Ended March 31, 2025 Audited (Refer note 6) | Year Ended March 31, 2026 Audited | Year Ended March 31, 2025 Audited |
|---|---|---|---|---|---|
| A. Segment Revenue: | |||||
| I. Services | 1,219.61 | 1,060.22 | 1,024.07 | 4,256.30 | 4,027.36 |
| II. Technology solutions | 352.61 | 305.51 | 261.58 | 1,249.27 | 1,141.09 |
| Total | 1,572.22 | 1,365.73 | 1,285.65 | 5,505.57 | 5,168.45 |
| B. Segment results before other income, finance costs and tax: |