Tata Technologies Limited — Investor Meet, 17-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Tata Technologies Q1 FY26 saw revenue decline 3.2% QoQ to ₹1,244 Cr and PAT drop to ₹170 Cr, with EBITDA margin at 16.1% due to operating deleverage from delayed deal ramp-ups and macro pauses. Management views these as short-term. They anticipate sequential recovery in Q2 and a stronger H2 FY26, citing a robust deal pipeline, reaffirmation from anchor customers (Tata Motors, JLR), and improving market sentiment as tariff concerns ease. Won six large deals. Aerospace is a standout, and the BMW JV is ahead of schedule. Focus on smart manufacturing and AI solutions. Overall, confident in a bounce-back.