Key Financial Performance (Consolidated)

Q1 FY27 Financial Highlights (Year-over-Year Comparison)

  • Revenue from Operations: ₹1,752 Crore, increased by 20.4% from ₹1,455 Crore in Q1 FY26.
  • Gross Profit: ₹377 Crore, increased by 25.6% from ₹300 Crore in Q1 FY26.
  • EBITDA: ₹470 Crore, increased by 23.7% from ₹380 Crore in Q1 FY26.
  • Net Profit (PAT): ₹262 Crore, increased by 24% from ₹211 Crore in Q1 FY26.
  • EBITDA Margin: 26.8%, expanded by 70 basis points from 26.1% in Q1 FY26.
  • Earnings Per Share (EPS): ₹1.30 for Q1 FY27.

Q1 FY27 Financial Highlights (Sequential Quarter-over-Quarter Comparison)

  • Revenue: Increased 9.8% from ₹1,596.64 Crore in the previous quarter to ₹1,752.18 Crore.
  • PAT: Increased 25.9% from ₹207.83 Crore in the previous quarter to ₹261.58 Crore.

Trailing Twelve Months (TTM) and Historical Financials

  • TTM EPS: ₹5.02
  • FY26 Performance:
  • Revenue: ₹6,928 Crore, +34.6% YoY.
  • PAT: ₹962 Crore, +35.5% YoY.
  • EPS: ₹4.77
  • Return on Equity (ROE): 9.19%
  • Return on Capital Employed (ROCE): 13.53%
  • FY25 Performance:
  • Revenue: ₹5,147 Crore
  • PAT: ₹710 Crore
  • EPS: ₹3.52
  • ROE: 8.17%
  • ROCE: 11.66%
  • FY24 Performance:
  • Revenue: ₹4,662 Crore
  • PAT: ₹688 Crore
  • EPS: ₹3.41
  • ROE: 8.83%
  • ROCE: 12.30%

Corporate Structure and Leadership

The Board of Directors

  • Mr. M. Suresh Kumar Reddy: Chairman and Managing Director & CEO
  • Mr. Raghunath Allamsetty: Executive Director (DIN: 00060018)
  • Mr. Paladugu Venkata Subba Rao: Independent Director
  • Mr. P. Leo Ganesan: Independent Director
  • Mr. Ali Akber Bakir Bhoy Mamuwala: Independent Director
  • Mr. Shrikant Gehlot: Independent Director
  • Ms. Deepika Daliya: Independent Director

Management Team

  • Mr. Bradley N. Cohen: President & Chief Strategy Officer
  • Mr. Shreedhar Reddy: General Manager, India Operations
  • Mr. Gal Peleg: General Manager - OMS
  • Mr. Kallol Sen: Head - Overseas Subsidiaries

Business Divisions and Strategy

The company operates through four focused divisions with the stated objectives of clearer accountability, focused investment, greater scalability, and broader opportunities.

  • 01 AdTech (Established Core): Focuses on programmatic advertising, publisher monetization, digital media, data & audience technology, and channels like CTV, Retail Media, Audio, and DOOH. Technology evolution includes server-side architecture, Prebid, OpenRTB, and Amazon TAM. Strategic priorities are Better Revenue, Better Technology, Better Margins, and Better Cash Conversion.
  • 02 Defence (Emerging Strategic Business): Includes UAV intelligence, autonomous systems, threat analytics, defence simulation, and the MaestroOS technology layer. Opportunity areas are defence modernisation, border security, training, autonomous systems, and international partnerships. The objective is to build through partnerships and capability development.
  • 03 NextGen (Future Technology): Focuses on Artificial Intelligence (predictive models, automation), Advanced Computing (ecosystems, optimisation), and emerging technology applications. The approach is to build selectively and focus on real applications.
  • 04 Services (Technology Capability): Involves software development, digital solutions, and technology services. Its strategic role is to provide additional revenue, engineering capabilities, talent, and cross-division synergies.

Operational and Business Development Updates

  • The company has a global business footprint in the US, Europe, UK, Israel, South America, and Australia.
  • It participates in global industry events (e.g., CES Las Vegas, Cannes Lions, DMEXCO Cologne).
  • Recent team additions include a Technical Yield Manager, Golang Developer, and Publisher Success Manager.
  • A partly-owned subsidiary completed a 100% acquisition of the digital publishing platform Onomagic.

FY 2026-27 Priorities and Outlook

The company's stated priorities for the financial year are:

1. Strengthen AdTech: Build on Q1 momentum to improve revenue quality, technology, margins, and monetization.

2. Build Defence Division: Develop partnerships, capabilities, and commercial opportunities.

3. Develop NextGen Division: Move AI and advanced computing toward commercially relevant applications.

4. Grow Services Division: Build technology capabilities and scalable customer opportunities.

5. Improve Cash Generation: Reduce working-capital intensity and strengthen free cash flow.

The financial outlook emphasizes growth with an increasing quality of earnings, focusing on:

  • Revenue Growth: Building on the current trajectory.
  • Profit Growth: Improving profitability through better revenue mix and operating discipline.
  • Competitive Advantage: Strengthening technology and platform capabilities.
  • Cash Generation: Improving the conversion of earnings into operating cash flow.

Receivables and Cash Flow Management

Initiatives to improve cash conversion include:

  • Customer-level monitoring for greater visibility over receivables.
  • Structured collections with clear ownership.
  • Faster resolution and escalation of overdue balances.
  • Working-capital discipline, focusing on businesses that generate sustainable cash.

The goal is to achieve lower debtor days, higher operating cash flow, and sustainable free cash flow.

Governance & Compliance

Reported compliance milestones include:

  • Completion of LODR annual compliances and quarterly compliances through June 2026.
  • Compliance with Regulation 76 (Share Capital Reconciliation) and Regulation 31 (Shareholding Pattern).
  • Maintenance of MCA/ROC statutory and corporate filings.
  • Payment of NSE and BSE listing fees.

A Process & Compliance Review Committee has been established to coordinate information flow, track regulatory correspondence, and monitor closure of matters. The governance focus is on Timeliness, Completeness, Accountability, and Transparency.