Event Type: Q2 FY'27 Earnings Conference Call hosted by Arihant Capital Markets Limited

Date and Time: The conference call was conducted through digital means on November 03, 2026. The specific time and time zone were not disclosed in the transcript.

Purpose: Discussion of Q2 FY'27 financial results and business performance, including strategic updates and progress on the company's transformation initiatives.

Management Participants:

  • Mr. Sameer Ahluwalia – Chief Executive Officer & Executive Director
  • Mr. Harigovind Krishnasamy – Chief Financial Officer
  • Mr. Rajesh Lachhani – Head, Investor Relations and M&A

Moderator: Mr. Riddhesh Kadam from Arihant Capital Markets Limited

Availability of Materials: The transcript of the earnings conference call was submitted to the exchanges and is available on the company's website at https://www.digitide.com/investors/announcements/

UPSI Statement: The transcript does not contain any specific statement regarding unpublished price sensitive information (UPSI).

Financial Period Discussed: Q2 FY'27 (Quarter ended September 2026)

Key Financial Highlights from Management Commentary:

  • Revenue: INR 760 crores (down 2% sequentially)
  • EBITDA: INR 79 crores (up 2.5% sequentially)
  • EBITDA Margin: 10.4% (improved 45 bps QoQ)
  • PAT: INR 8.9 crores (increased from INR 2.9 crores in Q1)
  • Tech & Digital Revenue: INR 244 crores (grown 6.6% YoY, representing 32.1% of total revenue)
  • International Revenue: INR 323 crores (grown 13.5% YoY, representing 42.5% of total revenue)
  • TCV Bookings: Nearly INR 400 crores (up 95% sequentially from INR 205 crores in Q1)
  • AI-led Revenue: INR 30.5 crores (doubled sequentially from INR 15 crores in Q1)
  • Headcount: Reduced to approximately 50,000 (down 7% QoQ, 11.6% YoY)
  • Net Cash: Approximately INR 76 crores
  • H1 FY'27 Revenue: INR 1,535 crores (year-on-year growth of 2.3%)
  • Operating Cash Flow: Improved from INR 40 crores to INR 51 crores (27.5% YoY increase)
  • DSO: Billed plus unbilled days sales outstanding stood at approximately 84 days

Strategic Progress on Four Moves:

1. Get Unified: Operating model implemented with five business units and focused go-to-market structure across India++ and International corridors

2. Strengthen Core: Continued repricing of contracts, exiting low-margin business, and infusing AI into BPM services

3. Go West and Go Digital: Established dedicated go-to-market engines, strengthened proposition around platforms, data, AI and cloud

4. Go All Out: Advanced partnership agenda through strategic alliances with AWS and Anthropic, scaled GCC offering with build-operate-transfer model

Forward-Looking Statements:

  • Management previously guided for 200 bps EBITDA margin improvement for full year FY27
  • H2 priorities include scaling go-to-market, accelerating AI adoption, right-sizing cost structures, and improving working capital discipline
  • Focus on converting foundations into execution, profitable growth, and stronger cash generation

AI Business Breakdown:

  • 35-37% in AI BPM services
  • 30-35% in platform businesses
  • 27-28% in professional services

Additional Notes Section

The document is a regulatory filing containing the full transcript of the Q2 FY'27 earnings conference call. No separate attachments or presentation decks were mentioned in the filing. The transcript contains detailed financial data and operational updates as presented by management during the call.