Key Financial Results - Q1 FY27 (All figures in INR Million)

Total Revenue: ₹766.3 million, representing 17.5% year-over-year growth (vs. ₹652.4 million in Q1FY26) and 14.0% quarter-over-quarter growth (vs. ₹672.2 million in Q4FY26)

Operating Revenue: ₹684.5 million, up 17.6% YoY (vs. ₹581.9 million) and 9.8% QoQ (vs. ₹623.34 million)

Other Income: ₹81.86 million, increased 67.6% QoQ (vs. ₹48.85 million) and 16.2% YoY (vs. ₹70.5 million)

EBITDA: ₹139.0 million, with EBITDA margin of 18.1% of total revenue

Profit Before Tax (PBT): ₹126.2 million, with PBT margin of 16.5% of total revenue

Profit After Tax (PAT): ₹94.8 million, with PAT margin of 12.4% of total revenue

Earnings Per Share: Basic EPS of ₹3.06 (not annualized), Diluted EPS of ₹3.05 (not annualized)

Expense Breakdown

  • Cost of Hardware/Software/Outsourced project cost: ₹172.60 million (up 15.0% QoQ, 23.5% YoY)
  • Employee Benefits expense: ₹373.36 million (up 7.6% QoQ, 11.0% YoY)
  • Finance Costs: ₹4.13 million (up 156.7% QoQ, 9.3% YoY)
  • Depreciation and amortization expense: ₹8.76 million (down 1.0% QoQ, up 13.6% YoY)
  • Other expenses: ₹81.33 million (up 17.7% QoQ, 44.2% YoY)

Tax Expense

  • Current Tax: ₹25.84 million
  • Deferred Tax: ₹4.81 million
  • Tax adjustments for earlier years: ₹0.74 million

Business Highlights

  • Total active clients: 83 (LTM as of June 30, 2026)
  • New clients added in quarter: 4
  • Industry revenue concentration: Technology sector contributed 72% of operating revenue
  • Geographic revenue concentration: US business contributed 99% of operating revenue
  • Employee count: 529 total employees as of June 30, 2026
  • Number of projects: 131
  • Client concentration: Top client contributed 58% of revenue, Top 3 clients contributed 71% of revenue

Strategic Updates

  • Share buyback: Successfully concluded recent share buyback program
  • Partnership developments: Maintained Esri Platinum Partner status (highest tier), served as Bronze Sponsor at Esri User Conference
  • Cloud partnerships: Achieved AWS Advanced Tier Services Partner status, continued collaboration with Microsoft Azure
  • Service offerings: Managed ArcGIS Cloud Services gaining traction, investments in GeoAI for spatial intelligence
  • SAP services: Differentiated transformation services in SAP S/4HANA and Business Technology Platform (BTP)

Management Commentary

CEO Vish Tadimety attributed performance to "specialized delivery capabilities and continued discipline in execution." He emphasized the company's engineering depth and AI-first operating approach, positioning the company for the AI transformation era. The completion of the buyback program was noted as reflecting "the strength of our balance sheet, the Board's disciplined approach to capital allocation, and its confidence in the Company's intrinsic value and long-term prospects."

Capital Structure

Paid up equity share capital: ₹302.81 million (Face value: ₹10 per share)

Comprehensive Income

Total Comprehensive Income for the period: ₹92.3 million, including foreign currency translation reserve impact of (₹2.50) million

Forward-looking Statements

The document contains standard forward-looking statements cautioning that actual results may differ due to factors including competition, growth, pricing environment, recruitment and retention, technology, wage inflation, and regulatory policies.