Event Type: Q4 FY26 earnings conference call hosted by IIFL Capital Services Limited

Event Date and Time: May 20, 2026 (time not specified in transcript)

Purpose of Event: Discussion of Q4 FY26 and full-year FY26 financial results, strategic updates, and details of recently announced acquisitions

Management Participants:

  • Mr. Kamal Pal Hoda – Executive Director and Chief Executive Officer
  • Mr. Prapul Sridhar – Chief Financial Officer
  • Mr. Nibodh Shetty – Head – Investor Relations

Moderator: Mr. Siddharth Zabak from IIFL Capital Services Limited

Compliance Statement: The company highlighted that the discussion may include forward-looking statements subject to business risks, regulatory changes, macroeconomic environment and geopolitical conditions, with reference to Safe Harbor clause on slide number 2 of their investor presentation.

Financial Period Discussed: Q4 FY26 (January-March 2026) and full-year FY26 (April 2025-March 2026)

Financial Highlights:

  • Q4 FY26 revenue: INR 846 crores (8% YoY growth)
  • Full-year FY26 revenue: INR 3,304 crores (11% YoY growth)
  • Q4 FY26 EBITDA: INR 35 crores (44% YoY growth, 9% QoQ growth)
  • Q4 EBITDA margin: 4.2% (35 bps QoQ increase)
  • Full-year FY26 EBITDA: INR 121 crores (10% YoY growth)
  • Q4 PAT: INR 20 crores (73% YoY growth)
  • Full-year adjusted PAT: INR 67 crores (26% YoY growth)
  • Adjusted EPS for FY26: INR 4.5 per share
  • Net cash position: INR 15 crores as of March 2026
  • Working capital days: 37 days (vs 46 days previous year)

Segment-wise Performance:

Facility and Food Services (60% of revenues):

  • FY26 revenue: INR 2,031 crores (12% YoY growth)
  • Q4 revenue: INR 519 crores (10% YoY growth)
  • Added 24 new contracts with INR 124 crores ACV
  • Q4 EBITDA: INR 24 crores (56% YoY growth)

Telecom and Industrials:

  • FY26 revenue: INR 615 crores (7% YoY growth)
  • Q4 revenue: INR 157 crores
  • Q4 EBITDA: INR 18 crores (13% YoY growth, 19% QoQ growth)
  • Full-year EBITDA: INR 57 crores (11% YoY growth)
  • Reported zero on-job fatalities in Q4

Security Services:

  • FY26 revenue: INR 659 crores (14% YoY growth)
  • Q4 revenue: INR 169 crores (15% YoY growth)
  • Headcount crossed 24,000 for first time
  • Added 2,900 security guards during FY26
  • Q4 headcount addition: 850 guards
  • Full-year EBITDA: INR 19 crores (23% YoY growth)

Foundit (Investment Vertical):

  • Q4 sales: INR 26 crores (50% increase from average INR 17 crores previous quarters)
  • Q4 revenue: INR 19 crores
  • Q4 EBITDA loss: INR 9 crores (improved from INR 12 crores in Q3)
  • Guidance: Target EBITDA breakeven by end of FY27

Acquisition Details:

STEAG Energy Services (India) Private Limited:

  • Signed definitive agreement in March 2026
  • Expected closure: Within week of May 20, 2026 call
  • Enterprise value: INR 180 crores (INR 140 crores cash in business)
  • Revenue: ~INR 700 crores annually
  • EBITDA margins: High-single digits
  • Business: End-to-end plant management solutions for power plants
  • Manages 7-gigawatts of power assets
  • Workforce: 2,000+ professionals
  • Expected impact: +20% to top line, +90-100 bps to EBITDA margins

LSG Sky Chefs (India) Private Limited:

  • Signed definitive agreement in April 2026
  • Expected closure: 30-45 days from May 20, 2026 call
  • Revenue: ~INR 110 crores annually
  • EBITDA margins: Mid-to-high teens
  • Business: In-flight catering and allied aviation services
  • Services airlines including IndiGo, Lufthansa, Etihad, Qatar Airways
  • Workforce: 400+ employees
  • Bangalore airport concession agreement until 2039

Forward-looking Statements & Guidance:

  • FY27 organic growth guidance: 15-16%
  • Target to cross INR 100 crores PAT (ex-foundit) post-acquisitions
  • Focus on integration of acquired businesses and synergy unlocking
  • Margin expansion trajectory to continue toward 5%
  • Foundit targeting EBITDA breakeven by Q4 FY27

Additional Notes Section

Attachments: The document includes the full transcript of the earnings conference call held on May 20, 2026.

Financial Data Disclosure: The announcement contains extensive financial data including revenue, EBITDA, PAT, segment-wise performance, and acquisition details.

Compliance: Filed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.