For the period under review, Services segment revenue was Rs 963.7 crore (down 2.2% YoY) and that of the Technology Solutions segment was Rs 280.6 crore (down 1% YoY).
Operating EBITDA declined by 13.4% to Rs 200.1 crore in Q1 FY26 from Rs 231.1 crore in Q1 FY25. Operating EBITDA margin for the first quarter was 16.1%, down 210 basis points on YoY basis.
Profit before tax in Q1 FY26 stood at Rs 232.6 crore, up by 5.9% from Rs 219.6 crore in Q1 FY25.
In dollar terms, the company’s revenue for Q1 FY26 was $145.3 million (down 5.1% YoY). In constant currency terms, revenue declined by 5.3% YoY.
Warren Harris, chief executive officer and managing director, 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.”
Tata Technologies is a global product engineering and digital services company.
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