Mumbai, July 15 -- 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 confid...