Mumbai, July 14: Tata Technologies on Monday reported 9.8 per cent quarter-on-quarter (QoQ) decline in consolidated net profit at Rs 170.28 crore for the first quarter (Q1) of FY26, compared to Rs 188.87 crore in the previous quarter (Q4 FY25).

The company’s revenue from operations also slipped, falling 3.2 per cent QoQ and 1.9 per cent year-on-year (YoY) to Rs 1,244 crore in Q1 FY26, according to its stock exchange filing. The decline was largely driven by a weak performance in both of its core segments -- services and technology solutions. Ola Electric Q1 Results: Bhavish Aggarwal-Led EV Company Net Loss Widens to INR 428 Crore, Revenue Drops 50%.

Revenue from the services segment dropped 5.9 per cent sequentially and 2.2 per cent YoY to Rs 963 crore, while the technology solutions segment also declined 3.2 per cent QoQ and 1.9 per cent YoY to Rs 280 crore.

On the operating front, EBITDA (earnings before interest, taxes, depreciation, and amortisation) stood at Rs 201 crore -- reflecting a 14.3 per cent drop from the previous quarter and a 13.4 per cent decline from the same period previous year.

The EBITDA margin also narrowed to 16.1 per cent, down from 18.2 per cent in the previous quarter. Despite the weak quarter, CEO and MD Warren Harris remained positive about the outlook. He said that client confidence improved as the quarter progressed, leading to six strategic deal wins. Tesla Showroom Opening in Mumbai on July 15; Check Expected Models, Price, Bookings and Delivery Details.

He expressed optimism about a sequential recovery in the second quarter and a stronger performance in the second half of FY26. “Our deal pipeline today is more robust than a year ago, and the early momentum we are seeing gives us greater visibility and conviction for the rest of the year,” Harris added. However, the company announced its earnings after market hours on Monday, shares closed at Rs 713.9, up by Rs 5.1 or 0.72 per cent on the National Stock Exchange (NSE).

(The above story first appeared on LatestLY on Jul 14, 2025 05:51 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).