Date and Time: The call was held on November 02, 2026. A specific start time was not mentioned in the transcript.
Purpose: To discuss the company's financial and operational performance for the quarter and half year ended September 30, 2026 (Q2 & H1 FY27).
Management Participants: Mr. Ashish Rai – Group CEO & Vice Chairman; Mr. Vipul Parmar – Chief Financial Officer; Mr. Ninad Kelkar – Company Secretary.
Financial Period Discussed: The quarter and half year ended September 30, 2026 (Q2 & H1 FY27).
Key Financial Highlights:
Quarterly Revenue: INR 415 crores, up 16% year-on-year and 16% quarter-on-quarter.
Quarterly EBITDA: INR 71 crores, representing a 17.2% margin.
Quarterly PAT: INR 50 crores, representing a 12% margin.
Business Updates and Forward-Looking Statements:
Order Book: The company has an order book of more than INR 2,000 crores.
R&D: Management indicated that the intensity of R&D investment peaked in H1 FY27 and is expected to moderate going forward. They expect enterprise-level EBITDA margins to remain in the 17%-18% range for FY27 and FY28.
Business Unit Performance:
Banking & Fintech: Noted a pickup in commercial activity with several large deals in advanced stages. The company is launching AI-native software products.
Technology Innovation Group (TIG): Comprises Transit and Data Center businesses. The data center business is expected to grow 70%-80% in FY27 and now constitutes over 30% of the total order book.
Outlook: Management expressed a strong outlook for H2 FY27, expecting it to be stronger than H1, but did not provide specific quantitative guidance.
Compliance: The transcript was submitted in accordance with Regulation 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The standard forward-looking statement disclaimer was read at the beginning of the call.
Additional Notes Section
The document provided is the full transcript of the earnings conference call.
The transcript includes a detailed Question & Answer session with analysts.
No financial presentation deck or recording availability was mentioned in the provided transcript text.
