• The document is a regulatory filing containing the transcript of an earnings conference call held on August 06, 2026, to discuss the company's financial results for the quarter ended June 30, 2026 (Q1FY27).
  • The call was hosted by Asha Gupta and featured management participants Kapil Jain (Managing Director and Group CEO) and Srinivasan Nadadhur (Chief Financial Officer).
  • The stated purpose was to provide a financial update and business overview following the quarterly results announcement.

Financial & Operational Highlights (as disclosed in the call):

  • Operating Revenue: USD 125.9 million, up 15.2% year-on-year and 2.8% sequentially.
  • INR Revenue: INR 11,524 million, up 23% year-on-year.
  • Operating EBITDA: INR 2,652 million, representing a margin of 23%.
  • PAT: INR 1,643 million, at a margin of 14%.
  • The sequential margin decline was primarily attributed to wage increases, which contributed 210 bps of the 260 bps drop.
  • New Deal Wins (ACV): USD 41 million, up 25% year-on-year.
  • The company crossed an annualized revenue run rate of over USD 500 million.
  • The Analytics and Automation business grew 7% sequentially and crossed a USD 100 million annual run rate.
  • Utilization was 75.5%, higher than the previous quarter.
  • Headcount decreased by 0.6% QoQ, but billed headcount increased due to higher utilization.
  • The company is adding 1,600 seats across delivery centers in Mumbai, Pune, Chandigarh, Mohali, and Coimbatore, to be operational over the next 3-4 months.
  • DSO was 79 days, and attrition was 21%.
  • Net operating cash flow for the quarter was INR 1,073 million (OCF/EBITDA ratio of 38%).
  • Full-year Capex is estimated at INR 130-150 crores.

Vertical Performance & Business Updates:

  • Hi-tech: Positive outlook; strong demand for AI and technology capabilities.
  • Emerging Business (F&A): Strong growth for the fourth consecutive quarter; expanding into APAC for one client.
  • Communication, Media & Telecom (CMT): Growth across international centers (Cairo, Manila, Fayetteville); adding new inbound sales capabilities.
  • BFSI: Growth was flat sequentially; pipeline discussions are healthy. Won a CX engagement for a banking client and work in the mortgage area (servicing side).
  • M&D and Retail: These verticals remain soft due to client caution from supply chain challenges.
  • Fashion and Luxury: Revenue was flat sequentially and up 2% YoY; expecting gradual improvement in Q2.

AI & Technology Focus:

  • Strong demand for AI, especially in Hi-tech and BFSI, for data preparation and exploratory analysis.
  • Deploying AI in BFSI for document digitization, KYC screening, and financial spreading.
  • In CMT, completed a successful QA 360 pilot; the AI-powered creative platform Fluid 4 supports clients in fashion and retail.

Guidance & Outlook:

  • Management reaffirmed confidence in delivering top-quartile growth for the full year.
  • EBITDA margin guidance for the full year is maintained at 24-28%.
  • Expects to see BFSI growth turn positive starting in H2FY27.
  • Plans to host an Investor Day later in the quarter to provide a deeper understanding of capabilities and strategy.

Compliance Statement:

  • The document is a compliance filing under Regulation 30 of the SEBI (LODR) Regulations, 2015.
  • The enclosed transcript is from the earnings call held on August 6, 2026. The call included standard forward-looking statement disclaimers, noting that outlook must be viewed in conjunction with risks and uncertainties detailed in the company's filings.

Additional Notes Section

  • The document was a regulatory filing submitted to the BSE and NSE on August 11, 2026.
  • The filing included the full transcript of the earnings call as an enclosure.
  • The transcript was edited for readability and is not a verbatim record.