• Event Type: Q4 FY26 Earnings Conference Call hosted by Arihant Capital Markets Limited.
  • Date and Time: Wednesday, June 3, 2026 at 12:00 PM IST.
  • Purpose: Discussion of the Audited Financial Results for the quarter and year ended March 31, 2026.
  • Management Participants: Mr. Kaushik Khona (Managing Director-India Operations), Dr. Abhay Kimmatkar (Managing Director), Mrs. Amita Saxena (Chief Financial Officer).
  • Moderator: Ms. Ananya Mukne from Arihant Capital Markets.
  • Compliance: The document is a submission of the earnings call transcript to the stock exchanges (NSE and BSE) for information and records.

Financial Highlights (As Disclosed in Transcript)

Q4 FY26 Performance:

  • Operational Revenue: INR 171 Crores (20% YoY growth)
  • EBITDA: INR 40 Crores (50% YoY growth)
  • EBITDA Margin: 23.6% (475 bps expansion YoY)
  • Net Profit: INR 37 Crores (70% YoY growth)
  • PAT Margin: 21.8% (641 bps expansion YoY)

Full Year FY26 Performance:

  • Operational Revenue: INR 661 Crores (58% YoY growth)
  • EBITDA: INR 145 Crores (86% YoY growth)
  • EBITDA Margin: 21.9% (327 bps expansion YoY)
  • Net Profit: INR 133 Crores (111% YoY growth)
  • PAT Margin: >20% (507 bps expansion YoY)

Segment-wise Revenue (FY26):

  • Geospatial Engineering Services: INR 359 Crores (76% YoY growth)
  • Technology Solutions: INR 301 Crores (41% YoY growth)

Operational Highlights:

  • Order Book: INR 876 Crores as of March 31, 2026
  • Q4 New Orders: INR 62 Crores (excluding mobility and product services)
  • Net Cash Balance: INR 248 Crores (up from INR 123 Crores a year ago)
  • Net Working Capital Cycle: 157 days (improved from 162 days previous quarter)
  • Debtors: INR 153 Crores outstanding, with 61% (<INR 94 Cr) less than 90 days old

Notable Order Wins:

  • MHADA Contract: INR 41 Crores for integrated project management system and GIS-based digital platform
  • ISRO: 3-year subscription renewal
  • Georgia Land Information System: INR 21 Crores for design, supply, and installation
  • U.S. Subsidiary: Purchase order for hybrid power transfer case (INR 4 Crores)

Strategic Updates:

  • The company is actively pursuing inorganic growth opportunities and has mobilized ~USD 28 million for this purpose.
  • The Board has restructured acquisition plans to include joint ventures alongside outright acquisitions.
  • Focus on developing AI/ML-enabled applications and solutions through a new vertical.
  • Goal to reduce government business dependency from ~70% to below 50% over the next 2-3 years while growing international operations.
  • Two IPs developed and applied for registration, with plans to invest INR 12-15 Crores in developing 3 more major IPs.

Subsidiary Performance (VTS):

  • FY26 Revenue: INR 7-8 Crores (EBITDA positive but overall negative after BD expenses)
  • FY27 Projection: >INR 20 Crores with substantial positive EBITDA

Additional Notes Section

  • Attachment: The regulatory filing includes the full transcript of the Q4 FY26 Earnings Conference Call as an enclosure.
  • Financial Data: Extensive financial data was disclosed and discussed during the earnings call, as detailed in the transcript summary above.
  • Forward-looking Statements: Management discussed growth expectations, order pipeline, subsidiary performance projections, and strategic initiatives without providing specific quantitative guidance.