Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Tata Technologies Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,402 | 1,258 | 1,269 | 1,289 | 1,301 | 1,269 | 1,296 | 1,317 | 1,286 | 1,244 | 1,323 | 1,366 | 1,572 |
| Expenses + | 1,160 | 1,007 | 1,055 | 1,053 | 1,061 | 1,038 | 1,061 | 1,083 | 1,052 | 1,044 | 1,116 | 1,173 | 1,320 |
| Operating Profit | 243 | 250 | 214 | 237 | 240 | 231 | 236 | 234 | 233 | 200 | 208 | 193 | 252 |
| OPM % | 17% | 20% | 17% | 18% | 18% | 18% | 18% | 18% | 18% | 16% | 16% | 14% | 16% |
| Other Income + | 47 | 31 | 30 | 31 | 24 | 23 | 16 | 28 | 61 | 68 | 54 | -125 | 94 |
| Interest | 5 | 5 | 5 | 5 | 4 | 5 | 5 | 6 | 5 | 5 | 5 | 9 | 16 |
| Depreciation | 25 | 24 | 26 | 27 | 29 | 30 | 30 | 30 | 31 | 31 | 31 | 36 | 47 |
| Profit before tax | 260 | 253 | 213 | 235 | 231 | 220 | 217 | 226 | 258 | 233 | 226 | 23 | 283 |
| Tax % | 17% | 24% | 25% | 28% | 32% | 26% | 28% | 25% | 27% | 27% | 27% | 71% | 28% |
| Net Profit + | 217 | 192 | 160 | 170 | 157 | 162 | 157 | 169 | 189 | 170 | 166 | 7 | 204 |
| EPS in Rs | 5.34 | 4.72 | 3.95 | 4.20 | 3.88 | 3.99 | 3.88 | 4.16 | 4.66 | 4.20 | 4.08 | 0.16 | 5.03 |
Financials of Tata Technologies Ltd
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 2,942 | 2,852 | 2,381 | 3,530 | 4,414 | 5,117 | 5,168 | 5,506 |
| Expenses + | 2,437 | 2,382 | 1,995 | 2,884 | 3,593 | 4,176 | 4,234 | 4,653 |
| Operating Profit | 505 | 470 | 386 | 646 | 821 | 941 | 934 | 853 |
| OPM % | 17% | 16% | 16% | 18% | 19% | 18% | 18% | 15% |
| Other Income + | 36 | 36 | 39 | 49 | 88 | 116 | 128 | 91 |
| Interest | 1 | 16 | 18 | 22 | 18 | 19 | 20 | 34 |
| Depreciation | 69 | 99 | 92 | 86 | 95 | 106 | 121 | 145 |
| Profit before tax | 471 | 392 | 315 | 587 | 796 | 932 | 921 | 765 |
| Tax % | 25% | 36% | 24% | 26% | 22% | 27% | 27% | 29% |
| Net Profit + | 353 | 252 | 239 | 437 | 624 | 679 | 677 | 547 |
| EPS in Rs | 15.38 | 16.75 | 16.69 | 13.46 | ||||
| Dividend Payout % | 18% | 66% | 0% | 0% | 0% | 60% | 70% | 87% |
Financials of Tata Technologies Ltd
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 42 | 42 | 42 | 42 | 81 | 81 | 81 | 81 |
| Reserves | 1,715 | 1,811 | 2,100 | 2,238 | 2,908 | 3,140 | 3,498 | 3,842 |
| Borrowings + | 0 | 258 | 266 | 261 | 255 | 257 | 237 | 938 |
| Other Liabilities + | 512 | 462 | 1,164 | 1,676 | 1,957 | 2,100 | 2,848 | 4,092 |
| Total Liabilities | 2,269 | 2,573 | 3,573 | 4,218 | 5,201 | 5,578 | 6,664 | 8,953 |
| Fixed Assets + | 819 | 1,119 | 1,090 | 1,068 | 1,095 | 1,151 | 1,130 | 2,070 |
| CWIP | 25 | 0 | 0 | 0 | 3 | 0 | 0 | 1 |
| Investments | 39 | 36 | 497 | 528 | 30 | 150 | 616 | 823 |
| Other Assets + | 1,386 | 1,417 | 1,986 | 2,622 | 4,074 | 4,277 | 4,918 | 6,060 |
| Total Assets | 2,269 | 2,573 | 3,573 | 4,218 | 5,201 | 5,578 | 6,664 | 8,953 |
Financials of Tata Technologies Ltd
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 369 | 267 | 1,113 | -39 | 401 | 294 | 699 | 776 |
| Cash from Investing Activity + | -19 | -3 | -664 | 70 | -440 | 400 | -65 | -871 |
| Cash from Financing Activity + | -221 | -261 | -44 | -44 | -347 | -557 | -486 | 16 |
| Net Cash Flow | 129 | 4 | 405 | -13 | -385 | 137 | 148 | -80 |
| Free Cash Flow | 320 | 214 | 1,099 | -102 | 336 | 204 | 669 | 743 |
| CFO/OP | 108% | 85% | 317% | 14% | 78% | 63% | 108% | 112% |
Financials of Tata Technologies Ltd
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71 | 93 | 91 | 79 | 91 | 82 | 71 | 61 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payable | 312 | |||||||
| Cash Conversion Cycle | -241 | 93 | 91 | 79 | 91 | 82 | 71 | 61 |
| Working Capital Days | 55 | 61 | -12 | -12 | 66 | 56 | 34 | 86 |
| ROCE % | 22% | 15% | 25% | 28% | 28% | 26% | 21% |