Guidance ledger · Q4 FY26

Tata Technologies Ltd TATATECH

3 revisions on record · 1 lowered · 2 raised — the strikethrough is what management used to say

directional guidance only · shifted across quarters

Holding view → · latest concall · The pulse

↑ raised Q4 FY26 sequential revenue growth commitment Q3 FY26 → Q4 FY26

~~implied recovery~~ → 10%+ sequential / delivered ~12% CC

“Q4 revenues grew by nearly 12% quarter -on-quarter in constant currency”

↑ raised FY27 EBITDA margin exit Q3 FY26 → Q4 FY26

~~Q4 margin exceeds Q2 run-rate (~16.4%)~~ → exit FY27 with >18% run-rate

“we expect to exit FY27 with an operating margin run rate that exceeds 18%”

↓ lowered FY26 double-digit growth target Q1 FY26 → Q2 FY26

~~double-digit (North Star, uncertain)~~ → shifted to FY27 platform

“our objective and our target will be to ensure that the order book and the momentum that we take into the next fiscal year will provide a platform for double-digit growth in FY27”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.