Financial Performance Highlights
Consolidated Financials (₹ Crores)
Q1 FY27 Performance:
- Revenue: ₹150.3 Cr (QoQ: -2.8%, YoY: +4.4%)
- EBITDA: ₹41.4 Cr (QoQ: -5.3%, YoY: +13.1%)
- EBITDA Margin: 27.5% (QoQ: -0.7%, YoY: +2.1%)
- PAT: ₹18.1 Cr (QoQ: -37.3%, YoY: +21.7%)
- PAT Margin: 12.1% (QoQ: -6.6%, YoY: +1.7%)
- Operating Cash Flow: ₹33.1 Cr (YoY: +65.1%)
Segment-wise Performance
BPM Segment:
- Revenue: ₹109.7 Cr (QoQ: -0.6%, YoY: +1.9%)
- International: ₹88.8 Cr (QoQ: -0.2%, YoY: +6.5%)
- Domestic: ₹20.9 Cr (QoQ: -2.2%, YoY: -14.1%)
- Segment Margin: ₹13.1 Cr (QoQ: -12.6%, YoY: -12.1%)
- Margin Percentage: 11.9% (QoQ: -1.6%, YoY: -1.9%)
Tech & Digital Segment:
- Revenue: ₹40.6 Cr (QoQ: -8.4%, YoY: +11.9%)
- International: ₹14.6 Cr (QoQ: -2.8%, YoY: +40.0%)
- Domestic: ₹26.0 Cr (QoQ: -11.2%, YoY: +0.6%)
- Segment Margin: ₹17.4 Cr (QoQ: -10.6%, YoY: +10.4%)
- Margin Percentage: 42.9% (QoQ: -1.1%, YoY: -0.6%)
- Pay slips processed: 50.2 lakh (QoQ: +0.5%, YoY: +10.5%)
Corporate Action
- Declared Interim Dividend of ₹30 per share
Management Commentary
CEO Natarajan Laxsmanan stated the company started FY27 with "healthy momentum, delivering profitable growth, meaningful margin expansion and significantly improved cash generation." He attributed performance to diversified business model, growing Tech & Digital contribution, and AI-led transformation initiatives. The company has "good visibility for future growth" supported by healthy pipeline, deeper client engagement, and new client acquisitions.
Business Highlights
- EBITDA margin expansion of 210 bps YoY attributed to operational and AI-led efficiencies and improved revenue mix
- Processed 50 lakh+ employee records for the first time in a quarter
- Company operates with ~5,600 employees across India, Philippines, and US
- Leading payroll services provider in India processing ~5.0 million pay slips each quarter
- Offers SmartHR and SmartPay platforms integrating RPA, Smart Analytics, Chatbots, and Mobility