Event Type: The document is a regulatory filing containing the transcript of the Q1 FY27 Earnings Conference Call hosted by Systematix Shares and Stocks.

Date and Time: The earnings conference call was held on September 25, 2026. The specific time and time zone were not mentioned in the provided transcript.

Purpose: The stated purpose of the call was to discuss the company's unaudited financial and operational performance for the first quarter of the fiscal year 2027 (Q1 FY27).

Earnings Announcement: The call was held after the earnings announcement, as it discusses the results for the quarter ended June 30, 2026.

Management Participants: The following management representatives participated in the call:

  • Mr. Piyush Somani – Chairman and Managing Director
  • Mr. Nadukuru Ramaiah – Chief Financial Officer
  • Mr. Saurabh Daga – Accounts and Finance
  • Mr. Prasad Deokar – Company Secretary and Compliance Officer

The moderator was Mr. Ashis Dash from Systematix Shares and Stocks.

Availability of Materials: The company confirmed that the audio recording of the earnings conference call has been uploaded to the company's website and is accessible at a provided URL: https://www.esds.co.in/assets/images/investor-relations/Earnings-Call-Audio/Earnings-Call-Audit-Recording.mp3.

UPSI Statement: In his closing comments, the Company Secretary confirmed that the financial results discussed were the unaudited figures for the quarter ended June 30, 2026, which had been filed with the stock exchanges. He also included a standard disclaimer that forward-looking statements made during the call are subject to risks and uncertainties, and the company undertakes no obligation to update them publicly except as required by law.

Financial Highlights Discussed:

  • Revenue from Operations: INR 133.66 Crores (INR 1,336.57 million) for Q1 FY27, representing a 7.28% year-over-year (YoY) growth from INR 124.59 Crores in Q1 FY26.
  • Profit After Tax (PAT): INR 29.28 Crores for Q1 FY27, a 14% YoY growth.
  • EBITDA: INR 55.9 Crores (INR 559 million), with a margin of 42%.
  • Total Income: INR 135.17 Crores (Q1 FY27) vs. INR 125.72 Crores (Q1 FY26).
  • Total Expenses: INR 98.70 Crores (Q1 FY27) vs. INR 91.04 Crores (Q1 FY26).
  • Profit Before Tax (PBT): INR 36.47 Crores (Q1 FY27) vs. INR 34.68 Crores (Q1 FY26).
  • Tax Expense: INR 7.19 Crores (Q1 FY27) vs. INR 9.00 Crores (Q1 FY26).
  • Segmental Revenue (Q1 FY27): Infrastructure-as-a-Service (IaaS) at 51%, Managed Services at 31.31%, and Software-as-a-Service (SaaS) at 17.55%.
  • Order Book: A domestic order book of INR 3,000 Crores with a 3-year duration was mentioned. The international order book was stated to be "much larger."
  • Capex Plan: A target of INR 1,500 Crores of capital expenditure for FY27, funded by customer advances, IPO proceeds, and partial debt.

Strategic and Operational Updates:

  • Progress was reported on the Swaraj Cloud, an AI autonomous sovereign cloud platform.
  • Two new products were launched: Swaraj Garuda (application performance monitoring) and Swaraj Jatayoo (database activity monitoring).
  • The Sharon AI deal, involving 8,200 GPUs, was a major topic. Revenue from this international contract is expected to start flowing in from Q3 FY27. The deal is locked in for 7 years.
  • The company is targeting a PAT margin of 15-20% on such GPU deals.
  • The company plans to scale its own GPU capacity to 1,500 units, with deployment targeted for mid-Q4 FY27 (Jan-Feb 2027).
  • The company cited a strong sales funnel for over 50,000 GPUs internationally.
  • The AGM was postponed due to logistical challenges arising from a sudden increase in the shareholder base to nearly 190,000 following the recent listing on September 4, 2026.
  • Employee strength was reported as 993, with an expected addition of about 100 people due to new deals, aiming to keep the total headcount around 1,000.

Additional Notes Section

  • The document is a regulatory submission letter to BSE and NSE that includes the full transcript of the earnings call as an attachment.
  • The transcript itself contains detailed financial data and management commentary from the Q1 FY27 earnings discussion.
  • Logistical details like dial-in numbers were part of the transcript but are not the focus of this summary.