Business Economy


Tata Technologies posts Rs 170 Crore Q1 net profit despite revenue slip

Mumbai, July 14 (UNI) Product engineering and digital services company Tata Technologies officially announced today that it posted a consolidated net profit to Rs 170 crore, which is a 5.1 per cent  year-on-year (YoY) increase.
The consolidated revenue from operations declined both sequentially and year-on-year (YoY), falling 3.2 per cent  quarter-on-quarter (QoQ) and 1.9 per cent YoY to Rs 1,244 crore, after the company reported a weak performance across its core segments.
Revenue from the services segment fell 5.9% QoQ and 2.2% YoY to Rs 963 crore, while the tech solutions segment reported a 3.2% QoQ and 1.9% YoY decline to Rs 280 crore.
The company reported a revenue of USD  145.3  million, down by 2.1  per cent  QoQ and 5.1  per cent  YoY in US dollar terms. On a constant currency basis, revenue slipped 4.6  per cent  QoQ and 5.3  per cent  YoY. However, within that, the services segment contributed USD  112.5  million, which is a decline of 4.7  per cent  QoQ and 6.8  per cent  YoY.
On the operating front, the EBITDA is at Rs 201 crore in Q1 FY26, marking a decline of 14.3% quarter-on-quarter (QoQ) and 13.4% year-on-year (YoY). The operating EBITDA margin contracted
to 16.1% from 18.2% during the previous quarter.
Commenting on the company's Q1 FY26 performance, Tata Technologies Chief Executive Officer and Managing Director Warren Harris said, “While the quarter began on a cautious note, client confidence strengthened steadily as the period progressed, reaffirming long-term commitments to product innovation and digital transformation. This renewed belief in building the future supported strong deal momentum, resulting in six strategic wins."
"As we look ahead, we remain optimistic about a sequential recovery in Q2 and a stronger second half of FY26. Our deal pipeline today is more robust than a year ago, and the early momentum we are seeing provides greater visibility and conviction in improved conversion through the year," Harris said.
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