Tata Applied sciences Q3 Outcomes: Revenue slumps 96% YoY to Rs 7 crore
The corporate, which counts Jaguar Land Rover and Tata Motors amongst its largest shoppers, reported a 4% rise in income to Rs 1,366 crore in the course of the quarter.
The corporate incurred a statutory affect from labour codes amounting to Rs 139.87 crore. Excluding this distinctive merchandise, revenue earlier than tax stood at Rs 137 crore.
On a sequential foundation, income rose 3% from Rs 1,323 crore within the September quarter.
The Providers phase continued to drive progress, with income rising 4.7% quarter-on-quarter (QoQ) to Rs 1,060 crore. In greenback phrases, Providers phase income stood at $118.6 million, reflecting a 2.6% sequential enhance.
Working EBITDA for the quarter was Rs 193 crore, translating into an EBITDA margin of 14.1%. The adjusted web revenue margin, excluding one-time distinctive objects associated to the brand new labour code and acquisition-related prices, stood at 9.9% for the quarter.
CFO Uttam Gujrati stated the margin headwinds seen in Q3 are behind the corporate and that it expects to return to, and even exceed, the adjusted margin run-rate of the second quarter.On the folks entrance, trailing twelve-month attrition stood at 15.8%, whereas whole workforce power was 12,580 workers on the finish of December 2025.
Administration famous that the margins and profitability metrics reported for Q3 FY26 exclude the affect of the one-time labour code cost and acquisition-related prices, offering a clearer image of the underlying working efficiency.
Commenting on the quarter, Warren Harris, CEO and MD of Tata Applied sciences, stated Q3 mirrored the resilience of the enterprise regardless of seasonal softness and short-term headwinds. He highlighted robust efficiency throughout verticals, six strategic deal wins and continued investments in supply capability.
Harris added that the corporate expects a pointy acceleration within the March quarter, with administration guiding for sequential income progress of over 10% in This fall. He stated current structural modifications, together with portfolio diversification, diminished shopper focus danger and the Es-Tec acquisition, have reshaped Tata Applied sciences’ progress engine into one that’s broader, extra balanced and extra sustainable over the medium time period.
On Friday, Tata Applied sciences shares closed 0.7% increased at Rs 651.2 on the NSE.
