On a sequential basis, the profit after tax (PAT) was 16% lower in the quarter under review against Rs 172 crore posted in the January-March quarter of FY25. Meanwhile, the topline fell nearly 2% on the QoQ basis versus Rs 908 crore.
Company’s Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 187 crore in Q1FY26, down 26% from Rs 252 crore reported in Q1FY25.
The profit before tax (PBT) witnessed a 22% YoY fall at Rs 196 crore against Rs 252 crore reported in the year ago period.
Key Deals in Q1
Tata Elxsi won a multi-million USD Design Digital deal with a US headquartered global technology leader for a major data and insights program for next generation AI and product-feature development.
The company was also selected as a strategic partner for Medical Device Testing & Certification and Regulatory Compliance for a Cardiovascular portfolio of products.
TATA Elxsi was engaged in design consultation, technology architecture and advisory services, supply of technology components, installation and integration of technology and content.
Management commentary
Commenting on the results, MD and CEO Manoj Raghavan said that the quarter was challenging across key markets, with macroeconomic uncertainties, industry and customer specific issues impacting R&D spend and decision making cycles across geographies. “The company has demonstrated resilience in protecting business in our largest vertical, executing on large deal wins across key verticals to create sustained revenue streams, and expanding our relationships with our customers,” Raghavan.
The earnings season kicked-off today with the announcement of TCS results which beat Street’s estimates. The Indian IT bellwether reported a 6% growth in its Q1FY26 consolidated net profit at Rs 12,760 crore versus Rs 12,040 crore in the year ago period.
Read More: TCS Q1 Results: Cons PAT up 6% YoY at Rs 12,760 crore; Rs 11 per share dividend declared
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