Board Meeting Details

The Board of Directors meeting was held on Monday, July 27, 2026, commencing at 06:10 PM and concluding at 08:10 PM. The meeting approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, together with the Limited Review Report from Statutory Auditors.

Consolidated Financial Results (Quarter Ended June 30, 2026)

Revenue Performance

  • Total Revenue from Operations: ₹7,750.72 million
  • Business Process Management: ₹5,377.17 million
  • Tech and Digital: ₹2,373.55 million

Profitability

  • Segment Results: ₹949.32 million
  • Business Process Management: ₹760.00 million
  • Tech and Digital: ₹189.32 million
  • Less: Unallocated corporate expenses: ₹180.42 million
  • Less: Depreciation and amortization expense: ₹551.76 million
  • Less: Finance costs: ₹151.22 million
  • Add: Other income: ₹43.27 million
  • Profit before exceptional items and tax: ₹109.19 million
  • Exceptional items: Nil (compared to ₹161.18 million in previous quarter)
  • Total profit before tax: ₹109.19 million

Segment Assets and Liabilities

  • Total Segment Assets: ₹20,324.53 million
  • Business Process Management: ₹13,783.24 million
  • Tech and Digital: ₹3,848.73 million
  • Unallocated: ₹2,692.56 million
  • Total Segment Liabilities: ₹11,141.82 million
  • Business Process Management: ₹6,425.59 million
  • Tech and Digital: ₹1,670.76 million
  • Unallocated: ₹3,045.47 million

Standalone Financial Results (Quarter Ended June 30, 2026)

Income Statement

  • Revenue from operations: ₹4,759.93 million
  • Other income: ₹12.91 million
  • Total income: ₹4,772.84 million

Expenses

  • Employee benefits expense: ₹3,650.50 million
  • Finance costs: ₹105.85 million
  • Depreciation and amortization expense: ₹351.89 million
  • Other expenses: ₹760.05 million
  • Total expenses: ₹4,868.29 million

Profitability

  • Loss before exceptional items and tax: ₹(95.45) million
  • Exceptional items: Nil
  • Loss before tax: ₹(95.45) million
  • Tax expense: ₹(10.36) million (deferred tax)
  • Loss for the period: ₹(105.81) million

Other Comprehensive Income

  • Items that will not be reclassified to profit or loss: ₹(7.79) million
  • Re-measurement loss on defined benefit plans: ₹(10.41) million
  • Income tax relating to these items: ₹2.62 million
  • Total Comprehensive Loss for the period: ₹(113.60) million

Capital Structure

  • Paid-up equity share capital (Face value ₹10.00 per share): ₹1,491.10 million
  • Basic loss per share: ₹(0.71)
  • Diluted loss per share: ₹(0.71)

Subsidiary Information

The consolidated results include 12 subsidiaries and step-down subsidiaries, including Brainhunter Systems Ltd., Mindwire Systems Limited, MFXchange Holdings, Inc., and others listed in Annexure 1.

Auditor Review

Deloitte Haskins & Sells issued unmodified review conclusions for both consolidated and standalone financial results. The review noted that 6 subsidiaries with total revenues of ₹3,151.80 million and net profit of ₹26.44 million were reviewed by other auditors, while 4 subsidiaries with nil revenue and loss of ₹2.26 million were not reviewed by their auditors but were considered immaterial to the Group.

Exceptional Items Disclosure

The financial results include explanations of exceptional items from previous periods related to the implementation of new labour codes effective November 21, 2025. For the quarter ended March 31, 2026, the Group recognized incremental expense of ₹158.48 million for past service costs related to the new labour codes. Additionally, demerger expenses, professional services, and stamp duty of ₹2.70 million were recognized in the same quarter.

ESOP Trust Formation

During the quarter ended June 30, 2026, the Company incorporated Digitide ESOP Trust on April 18, 2026, to administer the Employee Stock Option Scheme 2026 (ESOS 2026) and future employee benefit plans. The trust did not undertake any operations or transactions during the period.