<h1>IT services giant posts 6% profit growth to Rs 12,760 crore despite revenue decline and margin pressure</h1> A major IT services company reported 6% profit growth to Rs 12,760 crore in Q1 FY26, primarily driven by non-core income including a one-time tax write-back. Revenue grew modestly at 1.3% to Rs 63,437 crore but declined 3% on constant currency basis. The CEO cited demand contraction due to macroeconomic uncertainties and ruled out double-digit revenue growth for FY26. Operating margins narrowed to 24.5% while the company signed new deals worth $9.4 billion. India revenues dropped 21.7% due to winding down of a major telecom contract.