Shares of Tata Technologies jumped nearly 3% to ₹737.50 in Tuesday’s morning trade after the company posted its Q1 FY26 results and management expressed confidence in a recovery from Q2 onwards and a stronger second half of the fiscal year.
For the June quarter, Tata Technologies reported a consolidated net profit of ₹170 crore, up 5.1% year-on-year but down 9.8% sequentially. Revenue from operations fell to ₹1,244 crore, down 1.9% YoY and 3.2% QoQ, impacted by weakness in both services and technology solutions segments. EBITDA came in at ₹201 crore, down 14.3% QoQ and 13.4% YoY, with margins contracting to 16.1% from 18.2% in the preceding quarter due to lower utilisation and higher costs.
Despite the subdued start to the year, CEO & MD Warren Harris said that client confidence strengthened during the quarter and the company expects a sequential recovery in Q2 and a stronger second half of FY26, supported by a robust deal pipeline and improved visibility.
At 9:45 AM, Tata Technologies stock was trading at ₹737.50, up ₹20.70 or 2.89% from its previous close of ₹716.80, with a market cap of ₹2.98 lakh crore.
