Board Meeting Details

The Board of Directors meeting was held on November 02, 2026, commencing at 10:00 AM IST and concluding at 11:40 AM IST.

Key Approvals

1. Approved Unaudited Financial Results (Standalone and Consolidated) for quarter and half year ended September 30, 2026

2. Took on record the Limited Review Report issued by Statutory Auditors on Financial Results

3. Appointed M/s. Deloitte Touche Tohmatsu India LLP as Internal Auditor effective November 02, 2026, replacing M/s. Protiviti India Member Private Limited

Trading Window Closure

The trading window for dealing in company securities was closed from October 01, 2026, and will re-open after 48 hours from declaration of financial results.

Standalone Financial Results (₹ million)

Quarter Ended September 30, 2026

  • Revenue from operations: ₹842.58 (vs ₹465.32 in Q2 FY26)
  • Other income: ₹38.48
  • Total income: ₹881.06
  • Employee benefit expense: ₹324.49
  • Total expenses: ₹468.11
  • Profit before tax: ₹294.31 (vs loss of ₹29.65 in Q2 FY26)
  • Tax expense: ₹Nil
  • Profit after tax: ₹294.31
  • Basic EPS: ₹3.70 per share (vs loss of ₹0.40 in Q2 FY26)
  • Diluted EPS: ₹3.67 per share

Half-Year Ended September 30, 2026

  • Revenue from operations: ₹1,485.45 (vs ₹888.57 in H1 FY26)
  • Profit after tax: ₹371.96 (vs loss of ₹80.87 in H1 FY26)
  • Basic EPS: ₹4.68 per share (vs loss of ₹1.10 in H1 FY26)

Standalone Balance Sheet (as at September 30, 2026)

  • Total assets: ₹9,658.01 million
  • Equity share capital: ₹159.18 million
  • Other equity: ₹8,536.72 million
  • Cash and cash equivalents: ₹201.82 million
  • Other bank balances: ₹1,987.60 million
  • Trade receivables: ₹1,193.83 million
  • Investments: ₹5,105.34 million

Consolidated Financial Results (₹ million)

Quarter Ended September 30, 2026

  • Revenue from operations: ₹2,713.55 (vs ₹1,793.25 in Q2 FY26)
  • Profit before tax: ₹199.44
  • Tax credit: ₹19.72
  • Profit after tax: ₹219.16
  • Basic EPS: ₹2.75 per share
  • Diluted EPS: ₹2.73 per share

Half-Year Ended September 30, 2026

  • Revenue from operations: ₹5,279.99 (vs ₹3,592.18 in H1 FY26)
  • Profit after tax: ₹123.64
  • Basic EPS: ₹1.56 per share

Exceptional Items

  • Q2 FY27: ₹Nil
  • Q1 FY27: ₹333.86 million expense due to cyber-enabled banking fraud in Czech subsidiary
  • FY26: ₹249.60 million income from Churn Indemnity Clause compensation

Internal Auditor Change

Cessation of Protiviti India Member Private Limited

  • Date of cessation: November 02, 2026
  • Reason: Consequent to appointment of Deloitte for global network coverage

Appointment of Deloitte Touche Tohmatsu India LLP

  • Date of appointment: November 02, 2026
  • Reason: Growing scale and complexity of operations, need for global network expertise
  • LLPIN: AAE-8458
  • Profile: Member firm of global Deloitte network, provides audit, consulting, risk advisory and tax services

Subsidiary Information

Consolidated results include 12 subsidiaries across Singapore, UAE, USA, UK, Canada, Czech Republic, Malaysia, Indonesia, and China. Capillary Technologies (Shanghai) Co. Ltd dissolved effective September 14, 2026.

Acquisition Details

Session M Acquisition

  • Completed acquisition of Session M Inc and Session M Czech Republic s.r.o on May 1, 2026
  • Total consideration: US$6.86 million
  • Purchase price allocation finalized during Q2 FY27

Kognitiv Solutions Acquisition

  • Acquired on May 1, 2025 for CAD 23.44 million (net of working capital)
  • Enhanced loyalty business operations in US and Canada

IPO Proceeds Utilization (as of September 30, 2026)

  • Total net proceeds: ₹3,229.08 million
  • Utilized: ₹1,470.53 million
  • Unutilized: ₹1,758.55 million (invested in fixed deposits)

Category-wise Utilization

  • Cloud infrastructure: ₹504.16 million utilized of ₹1,430.00 million allocated
  • R&D: ₹105.32 million utilized of ₹715.81 million allocated
  • Computer systems: ₹10.92 million utilized of ₹103.42 million allocated
  • Inorganic growth: ₹850.13 million utilized of ₹979.85 million allocated

Labour Code Impact

Company implemented restructured compensation effective April 1, 2026 in accordance with new Labour Codes. Impact recorded as ₹Nil for Q2 FY27 and H1 FY27.

Auditor Review

Walker Chandiok & Co LLP issued unmodified review reports on both standalone and consolidated financial results dated November 02, 2026.