Financial Performance - Quarterly (Q4 FY26)

  • Revenue: ₹60,408 lakhs, growing 2.8% quarter-on-quarter and 10.9% year-on-year
  • Revenue in constant currency: grew 0.5% q-o-q and 6.4% y-o-y
  • Operating Revenues in US$: $65.0 million, declining (1.0)% q-o-q and growing 3.5% y-o-y
  • Total Income: ₹62,169 lakhs, growing 3.1% q-o-q and 9.0% y-o-y
  • Operating Margin: ₹10,621 lakhs, growing 5.3% q-o-q and 30.7% y-o-y
  • Operating Margin percentage: 17.5%
  • Adjusted PAT: ₹7,136 lakhs
  • Adjusted EPS: ₹4.74

Financial Performance - Annual (FY26)

  • Revenue: ₹2,31,511 lakhs, growing 12.3% y-o-y
  • Revenue in constant currency: grew 9.2% y-o-y
  • Operating Revenues in US$: $260,322 million, growing 6.9% y-o-y
  • Total Income: ₹2,40,008 lakhs, growing 11% y-o-y
  • Operating Margin: ₹40,162 lakhs, growing 12.3% y-o-y
  • Operating Margin percentage: 17.4%
  • Adjusted PAT: ₹27,863 lakhs
  • Adjusted EPS: ₹18.51

Operational Metrics

  • Client count: 306 as of March 31, 2026
  • Client additions: 10 in Q4 FY26, 51 in FY26
  • Employee count: 6,497 Happiest Minds as of March 31, 2026
  • Trailing 12-month attrition: 17% (17.4% in previous quarter)
  • Utilization: 81.4% (82.0% in last quarter)

Management Commentary and Guidance

  • Ashok Soota, Chairman & Chief Mentor: 'AI First. Agile Always' program generated significant momentum. Company declared guidance of 12.5% growth for FY27 and will strive toward aspirational growth of 15%.
  • Joseph Anantharaju, Co-Chairman & CEO: Surpassed 300+ active customers and achieved record pipeline increase of 27%. Education segment transformation by GenAI creating opportunities. Eduweave solution has live customers and good prospects.
  • Venkatraman Narayanan, Managing Director: Showed sequential growth every quarter since IPO. Improved utilization to 81% from 77.4% last year. Planning to improve margins by at least 100 basis points based on expected 12.5% constant currency growth for next year.
  • Sridhar Mantha, CEO of Generative AI Business Services: Focused on scaling AI-first strategy and investing in capabilities. Seeing enormous potential in investments across multiple AI platforms and repeatable solutions.

Dividend Announcement

The Board of Directors recommended a final dividend of ₹3.65 per equity share of face value ₹2 for FY 2025-26, subject to shareholder approval. This brings the total dividend for the year to ₹6.40 per share.

Key Client Wins in Q4 FY26

  • US-based insurance and financial software services provider: Product engineering & development services
  • US print and communication company: Vendor management process implementation using Pimcore
  • Industrial Service & Maintenance Company: Platform modernization with Quality Engineering automation
  • Global leader in warehouse automation: Engineering, data, networking and security applications
  • European healthcare software company: Hospital management solution modernization
  • European energy tech company: AWS-based IOT Platform development
  • European utilities company in waste and water management: Pimcore-based digital assets management platform

Awards and Recognitions

  • Top Employer India 2026 for People-First Practices
  • Joseph Anantharaju received Distinguished Alumnus Award 2026 by BITS Pilani in Corporate Leadership category

Analyst Mentions

  • Star Performer and Major Contender in Everest Group's Software Product Engineering Services PEAK Matrix® Assessment 2026
  • Major Player in ARC Supplier MarketMap for Engineering Services by Global Service Providers in India 2025
  • Major Contender in ISG Provider Lens™ Databricks Ecosystem Partners 2026 report
  • Challenger in Avasant's Life Sciences Digital Services 2026 RadarView™
  • Challenger in Avasant's End-user Computing Services 2024-2025 RadarView™

Additional Information

Investors presentation available on company website investors section. Company generates annualized revenues of $260 million, has 6,500 employees across 43 global offices, and serves 300+ customers including 90+ billion-dollar corporations.