Analysts/Institutional Investor Meet/Con. Call Updates

Ref. No.: TTL/COSEC/SE/2026-27/42 July 21, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai- 400001, India Mumbai – 400 051, India Scrip Code: 544028 Trading symbol: TATATECH Dear Sir / Madam, Subject: Transcript of the earnings conference call on financial results for the quarter ended June 30, 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the earnings conference call on financial results for the quarter ended June 30, 2026, conducted after the meeting of the Board of Directors held on July 17, 2026. The above information will be made available on the website of the Company: www.tatatechnologies.com. This is for your information and records. For Tata Technologies Limited Raghav Mulay Company Secretary and Compliance Officer Encl: As above Tata Technologies Limited Plot No 25, Rajiv Gandhi Infotech Park | Hinjawadi, Pune 411057 | India Tel: +91 20 6652 9090 | Fax: +91 20 6652 9035 CIN L72200PN1994PLC013313 Email: investor@tatatechnologies.com Website: www.tatatechnologies.com “Tata Technologies Limited Q1 FY'27 Earnings Conference Call” July 17, 2026 MANAGEMENT: MR. WARREN HARRIS – CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR – TATA TECHNOLOGIES MS. SUKANYA SADASIVAN – CHIEF TRANSFORMATION OFFICER – TATA TECHNOLOGIES MR. UTTAM GUJRATI – CHIEF FINANCIAL OFFICER – TATA TECHNOLOGIES MR. PRATEEK RAMPURIA – MANAGER – INVESTOR RELATIONS – TATA TECHNOLOGIES Moderator: Ladies and gentlemen, good day, and welcome to the Tata Technologies 1Q FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. I now hand the conference over to Mr. Prateek Rampuria, Manager, Investor Relations at Tata Technologies. Thank you, and over to you, sir. Prateek Rampuria: Hello, everyone, and a warm welcome to Tata Technologies Q1 FY27 Earnings Conference Call. I'm Prateek Rampuria, Manager, Investor Relations at Tata Technologies. Joining us today from Page 1 of 31 the management team are Mr. Warren Harris, Chief Executive Officer and Managing Director; Ms. Sukanya Sadasivan, Chief Transformation Officer; and Mr. Uttam Gujrati, Chief Financial Officer. We will begin today's call with opening remarks from the management team, covering the company's performance for the quarter and key business highlights followed by a Q&A session. Before we proceed, I would like to remind everyone that certain statements made during today's call may be forward-looking in nature. These statements should be viewed in conjunction with the risks and uncertainties outlined in Slide 2 of our quarterly fact sheet, which is available on our website. Our press release, financial results and investor presentation have been submitted to the stock exchanges and are also available on the Investor Relations section of our website, www.tatatechnologies.com. We trust you've had an opportunity to review them. With that, I now invite Warren to share his opening remarks. Over to you, Warren. Warren Harris: Thank you. Good evening, everyone, and thank you for joining us today. As we begin FY27, I want to be very clear about the way we see the year ahead. FY26 was a year of transition and investment for Tata Technologies. FY27 is poised to be a breakout year. That confidence is not based on aspiration alone. It is based on the quality of the demand we are seeing, the strength of our order book, the momentum in large-deal conversion, the Page 2 of 31 visibility we now have across our pipeline, and the operating discipline we are bringing to margin expansion and productivity improvement. The first quarter reinforces that view. For Q1 FY27, total revenue was $175.4 million, representing growth of 4.3% quarter-on-quarter and 25.2% year-on-year in constant currency. Services revenue was $136.6 million, up 4.3% quarter-on-quarter and 24.4% year-on-year in constant currency, while Technology Solutions revenue was $38.8 million, growing 4.2% quarter-on-quarter and 27.9% year-on-year in constant currency. Services remains the core engine of our business, representing approximately 78% of total revenue. Our operating EBITDA was approximately $28 million, translating into an EBITDA margin of 16.1%, an increase of 10 basis points sequentially. Margin performance during the quarter reflected a combination of business mix and the deliberate upfront investments required to support the ramp- up of several large strategic wins. The external environment remains dynamic. Customers continue to be selective in how they allocate engineering budgets, particularly across the global automotive value chain. But that selectivity is increasingly working in our favour. Customers are prioritizing programs that accelerate product launches, improve efficiency, reduce cost, strengthen software capability and support the transition to intelligent, connected software-defined products. That is precisely where Tata Page 3 of 31 Technologies has been investing and where our capabilities are becoming more relevant. Over the last 2 years, we have deliberately built a more resilient, diversified and future-ready Tata Technologies. We have strengthened our customer portfolio, expanded our global footprint, deepened our capabilities in high-growth technology areas and positioned the company closer to where long-term engineering and manufacturing transformation spend is moving. The quality of that growth is equally important. Automotive remains our largest vertical, but the business is becoming healthier and more diversified. Automotive non- anchor revenue reached $43.9 million, growing 6.7% quarter- on-quarter and 56.3% year-on-year, reflecting continued progress in reducing customer concentration and expanding our presence across global OEM. Beyond automotive, we continue to see encouraging momentum in our diversification strategy. Aerospace revenue grew to approximately $10.2 million, up 6.4% quarter-on-quarter and 38.1% year-on-year, while IHM revenue reached approximately $15 million. Together, Aerospace and IHM are becoming increasingly meaningful contributors to growth and provide additional evidence that our diversification strategy is delivering results. We're also seeing encouraging geographic momentum. Europe has become an increasingly important growth engine for the business, supported by the successful integration of Es-Tec and our growing presence across the region. Q1 revenue from Page 4 of 31 Europe reached approximately $67.9 million, representing growth of 10.1% quarter-on-quarter and reinforcing our belief that the region will remain a significant contributor to future expansion. Germany continues to strengthen from a strategic white space to one of our most important growth markets. Specifically, BMW TechWorks continues to scale successfully and has now crossed the milestone of 2,000 engineers. While BMW TechWorks is not consolidated into Tata Technologies revenue, it remains an important strategic relationship that strengthens our software-led engineering credentials, enhances our access to next-generation mobility programs and reinforces our position as a trusted partner to one of the world's leading automotive manufacturers. Let me now turn to deal momentum. During the quarter, we continued to see strong traction in large strategic deal pursuits, reflecting customers' increasing willingness to entrust Tata Technologies with business-critical transformation initiatives. The most significant win was our $100 million strategic engagement with Tenneco, which expands our relationship beyond traditional engineering services into a multiyear transformati [Showing first 8,000 characters — download PDF for full document]