Tata Technologies said Monday that its consolidated net profit for the first quarter (Q1) of FY26 was Rs 170.28 crore, down 9.8% from the previous quarter (Q4 FY25) of Rs 188.87 crore.
According to its stock exchange statement, the company’s operating revenue also decreased, dropping 3.2% QoQ and 1.9% YoY to Rs 1,244 crore in Q1 FY26.
Poor performance in its two main business segments—services and technology solutions—was a major factor in the fall.
While revenue from the technological solutions sector fell 3.2% QoQ and 1.9% YoY to Rs 280 crore, revenue from the services segment fell 5.9% sequentially and 2.2% YoY to Rs 963 crore.
In terms of operations, EBITDA (profits before interest, taxes, depreciation, and amortization) was Rs 201 crore, which represented a 13.4% decrease from the same period last year and a 14.3% decline from the preceding quarter.
Additionally, the EBITDA margin decreased to 16.1% from 18.2% in the prior quarter.
Warren Harris, the CEO and MD, maintained optimism about the future despite the poor quarter.
He said that six strategic transaction wins resulted from an increase in client confidence over the course of the quarter.
He voiced hope for a better showing in the second half of FY26 and a sequential turnaround in the second quarter.
Harris continued, “We have a stronger deal pipeline now than we did a year ago, and the early momentum we are seeing gives us greater visibility and conviction for the rest of the year.”
But after market hours on Monday, the company revealed its earnings, and shares on the National Stock Exchange (NSE) ended the day at Rs 713.9, up Rs 5.1 or 0.72 percent.
Read More
Shubhanshu Today marks the start of Shukla’s return to Earth following the historic ISS mission
At today’s 16th Rozgar Mela, PM Modi will hand out more than 51,000 appointment letters