Trading Window Closure

The trading window for dealing in the Company's securities was closed from July 01, 2026, and will re-open after 48 hours from the declaration of financial results.

Standalone Financial Results (₹ million)

Income Statement for Q1 FY27 (Quarter Ended June 30, 2026):

  • Revenue from operations: ₹642.87
  • Other income: ₹46.65
  • Total income: ₹689.52
  • Total expenses: ₹492.32
  • Profit before depreciation, amortization and tax: ₹197.20
  • Depreciation and amortization: ₹111.92
  • Finance costs: ₹7.63
  • Profit before tax: ₹77.65
  • Tax expense: ₹Nil
  • Profit after tax: ₹77.65
  • Other comprehensive loss: ₹(0.30)
  • Total comprehensive income: ₹77.35

Earnings Per Share (Face value ₹2):

  • Basic EPS: ₹0.98
  • Diluted EPS: ₹0.97

Comparative Figures:

  • Q1 FY26 (June 30, 2025): Loss after tax of ₹(51.21) million
  • Q4 FY26 (March 31, 2026): Profit after tax of ₹98.95 million
  • Full Year FY26: Profit after tax of ₹28.90 million

Consolidated Financial Results (₹ million)

Income Statement for Q1 FY27 (Quarter Ended June 30, 2026):

  • Revenue from operations: ₹2,566.44
  • Other income: ₹57.08
  • Total income: ₹2,623.52
  • Total expenses: ₹2,163.46
  • Profit before depreciation, amortization and tax: ₹460.06
  • Depreciation and amortization: ₹200.42
  • Finance costs: ₹11.66
  • Profit before exceptional items and tax: ₹247.98
  • Exceptional items: ₹333.86 (expense)
  • Loss before tax: ₹(85.88)
  • Tax expense: ₹9.64
  • Loss after tax: ₹(95.52)
  • Other comprehensive income: ₹28.63
  • Total comprehensive loss: ₹(66.89)

Earnings Per Share (Face value ₹2):

  • Basic EPS: ₹(1.20)
  • Diluted EPS: ₹(1.20)

Comparative Figures:

  • Q1 FY26 (June 30, 2025): Profit after tax of ₹7.45 million
  • Q4 FY26 (March 31, 2026): Profit after tax of ₹433.64 million
  • Full Year FY26: Profit after tax of ₹523.88 million

Exceptional Items

Consolidated Results - Exceptional Expense:

During the quarter ended June 30, 2026, a cyber-enabled banking fraud occurred at Session M Czech Republic s.r.o (step-down subsidiary), resulting in unauthorized bank transfers aggregating approximately ₹333.86 million (€3.04 million). This has been recognized as an exceptional expense.

Recovery Efforts:

  • Beneficiary accounts for approximately ₹46.69 million (€0.43 million) have been frozen by banking authorities
  • Insurance claim initiated under crime insurance policy
  • Matter reported to law enforcement authorities
  • Independent forensic investigation initiated (ongoing as of approval date)

Previous Exceptional Income:

In Q4 FY26, the Company received compensation of ₹249.60 million (CAD 3.88 million) related to breach of Churn Indemnity Clause in Kognitiv Solutions Inc. acquisition.

Subsidiary Information

The consolidated results include 12 subsidiaries across Singapore, UAE, USA, UK, China, Indonesia, Malaysia, Canada, and Czech Republic. Three subsidiaries with total revenues of ₹24.18 million were not reviewed by their auditors.

Acquisitions

Kognitiv Solutions Inc. Acquisition:

Completed on May 1, 2025, for consideration of Canadian dollar 23.44 million (net of net working capital).

Session M Inc. Acquisition:

Completed on May 1, 2026, through acquisition of 100% equity interest in Session M Inc. and Session M Czech Republic s.r.o from Mastercard International Inc. Purchase price allocation is preliminary and will be finalized within twelve months.

IPO Proceeds Utilization

As of June 30, 2026:

  • Total net proceeds received: ₹3,229.08 million (net of IPO expenses of ₹220.92 million)
  • Amount utilized: ₹1,196.91 million
  • Unutilized amount: ₹2,032.17 million

Breakdown of Utilization:

  • Funding cloud infrastructure: ₹346.78 million utilized (₹1,430.00 million allocated)
  • Inorganic growth and corporate purposes: ₹850.13 million utilized (₹979.85 million allocated)
  • Research and development: ₹Nil utilized (₹715.81 million allocated)
  • Computer systems purchase: ₹Nil utilized (₹103.42 million allocated)

Unutilized funds are invested in fixed deposits (₹1,986.90 million) and monitoring bank account (₹45.17 million).

Labour Code Impact

The Company has implemented restructured compensation effective April 1, 2026, in accordance with the four Labour Codes notified on November 21, 2025. No financial impact recorded for Q1 FY26.

Auditor Review

Walker Chandiok & Co LLP issued unmodified review reports for both standalone and consolidated financial results. The figures for corresponding quarter ended June 30, 2025, were not subjected to audit or review.