Tata Technologies Q1 Results: Constant Currency revenue drop better than feared; H2 optimism retained

Tata Technologies Ltd., the Tata Group enterprise, reported its results for the June quarter after market hours on Monday, July 14.In US Dollar terms, Tata Technologies reported revenue of $145.3 million, which is 2.1% lower in comparison to the March quarter.
In constant currency terms, revenue growth was a negative 4.6%, which is better than the CNBC-TV18 poll of a 6.5% decline. Brokerages like Kotak had pegged for a 8.3% drop, while JPMorgan was projecting a 4% decline.
For the June quarter, Tata Technologies reported a 10% drop in its net profit to ₹170 crore. During the March quarter, the company had reported a net profit of ₹189 crore. A CNBC-TV18 poll had pegged the figure to be ₹155 crore.
Revenue for the period declined by 3.2% compared to the March quarter to ₹1,244.3 crore, marginally higher than the CNBC-TV18 poll of ₹1,208.5 crore.The company’s Earnings Before Interest and Tax (EBIT) fell 16.6% from the previous quarter to ₹168.8 crore, while margins narrowed to 13.57% from 15.73% in March. A CNBC-TV18 poll had expected the margins to be at 14.4%.

“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,” Warren Harris, the CEO & MD of Tata Technologies said in a post-earnings statement.

Harris further said that he remains optimistic about a sequential recovery in Q2 and in the second half of financial year 2026 as the deal pipeline is more robust than what it was a year earlier.

Shares of Tata Technologies ended 0.7% higher on Monday ahead of the results announcement at ₹713.9. The stock is down nearly 50% from its post-listing high and is just about trading higher than its IPO price of ₹500.