Financial Performance Q2 FY27

Revenue: ₹645.4 Cr (Q2 FY27) vs ₹573.6 Cr (Q2 FY26), up 12.5% YoY; vs ₹628.5 Cr (Q1 FY27), up 2.7% QoQ.

Total Income: ₹665.9 Cr (Q2 FY27) vs ₹595.2 Cr (Q2 FY26), up 11.9% YoY.

Operating Margin: ₹119.1 Cr (18.5%) vs ₹97.3 Cr (17.0%) in Q2 FY26.

EBITDA: ₹142.0 Cr (21.3%) vs ₹120.3 Cr (20.2%) in Q2 FY26.

Finance Cost: ₹30.9 Cr vs ₹24.5 Cr in Q2 FY26.

Depreciation: ₹13.1 Cr vs ₹11.7 Cr in Q2 FY26.

Exceptional Item: ₹3.98 Cr incurred towards the proposed merger with ITC Infotech.

PBT: ₹83.5 Cr (12.5%) vs ₹72.7 Cr (12.2%) in Q2 FY26.

Adjusted PBT: ₹98.1 Cr (14.7%) vs ₹84.2 Cr (14.1%) in Q2 FY26 (adjusted for exceptional items and amortization).

Tax: ₹21.3 Cr (3.2%) vs ₹18.6 Cr (3.1%) in Q2 FY26.

PAT: ₹62.2 Cr (9.3%) vs ₹54.0 Cr (9.1%) in Q2 FY26.

Adjusted PAT: ₹79.1 Cr (11.9%) vs ₹65.5 Cr (11.0%) in Q2 FY26.

Adjusted EPS: ₹5.3 vs ₹4.6 in Q2 FY26.

Half-Year FY27 Performance

Revenue: ₹1,273.9 Cr (H1 FY27) vs ₹1,123.5 Cr (H1 FY26), up 13.4% YoY.

Total Income: ₹1,318.2 Cr vs ₹1,175.1 Cr, up 12.2% YoY.

Operating Margin: ₹227.8 Cr (18.1%) vs ₹194.6 Cr (17.3%) in H1 FY26.

EBITDA: ₹283.3 Cr (21.5%) vs ₹244.3 Cr (20.8%) in H1 FY26.

PBT: ₹173.7 Cr (13.2%) vs ₹149.5 Cr (12.7%) in H1 FY26.

Adjusted PBT: ₹198.8 Cr (15.1%) vs ₹172.5 Cr (14.7%) in H1 FY26.

PAT: ₹129.8 Cr (9.8%) vs ₹111.2 Cr (9.5%) in H1 FY26.

Adjusted PAT: ₹159.6 Cr (12.1%) vs ₹134.2 Cr (11.4%) in H1 FY26.

Operational Highlights

Active Customers: 311 (Q2 FY27) vs 290 (Q2 FY26).

Million Dollar Customers: 52 across all brackets ($1M+, $3M+, $5M+, $10M+).

Utilization: 81.8% (Q2 FY27) vs 80.7% (Q2 FY26).

Attrition: Voluntary attrition rate disclosed but specific figure not provided in text.

Employee Count: Onsite: 458 (7.1%), Offshore: 6,008 (92.9%).

Diversity: 26.7%.

DSO: Total 101 days (Billed: 60 days, Unbilled: 41 days).

Business Unit Performance (Q2 FY27 Revenue)

IMSS: ₹115.5 Cr (17.3% of total)

PDES: ₹494.8 Cr (74.3% of total)

GBS: ₹35.1 Cr (5.3% of total)

Other Income: ₹20.6 Cr (3.1% of total)

Vertical Revenue Mix (Q2 FY27)

BFSI: 27.7%, Edutech: 15.4%, Healthcare: 17.8%, Hitech: 12.5%, TME: 8.7%, CPG/Retail: 9.7%, Industrial: 6.0%, Manufacturing: 1.6%, Others: 0.7%

Geographic Revenue Mix (Q2 FY27)

USA: 56.3%, India: 18.0%, Europe: 7.8%, APAC: 9.0%, ROW: 8.8%

Service Offerings Mix (Q2 FY27)

AI/Analytics: 13.3%, Digital Infrastructure/Cloud: 50.7%, SaaS: 20.6%, Security Solutions: 5.8%, IoT: 0.7%, IP Led: 10.5%, Automation: 24.3%

Contracting Model (Q2 FY27)

Fixed Price: 31.7%, Time and Material: 68.3%

Balance Sheet (Q2 FY27)

Total Assets: ₹3,852.1 Cr

Non-Current Assets: ₹1,406.1 Cr (Property, plant and equipment: ₹136.2 Cr, Goodwill: ₹778.9 Cr, Financial & Other assets: ₹491.0 Cr)

Current Assets: ₹2,446.0 Cr (Trade receivable: ₹423.3 Cr, Cash & Cash equivalents/Investments: ₹1,877.1 Cr, Other assets: ₹145.6 Cr)

Total Equity: ₹1,789.1 Cr

Non-Current Liabilities: ₹587.3 Cr (Financial liabilities: ₹459.0 Cr, Provisions & Deferred tax: ₹128.3 Cr)

Current Liabilities: ₹1,475.7 Cr (Trade payable: ₹96.9 Cr, Others: ₹1,300.8 Cr, Provisions & Other current liabilities: ₹78.0 Cr)

Key Ratios (Q2 FY27)

RoCE: 24.0% (annualized)

RoE: 14.7% (annualized)

Debt-Equity: 0.93

Current Ratio: 1.66

Trade Receivable Turnover: 6.35

Proposed Merger with ITC Infotech

Board Approval: Completed on August 31, 2026.

Shareholders' approval for change in registered office: Completed in October 2026.

KSA Competition Approval: Received from General Authority for Competition, Kingdom of Saudi Arabia in October 2026.

CCI Approval: Under process, awaiting approval (estimated November 2026).

Stock Exchange & SEBI Review: Under process, awaiting approval (estimated December 2026/January 2027).

NCLT Filing: Expected in January 2027.

Shareholders/Creditors Meeting: Expected March/April 2027.

NCLT Order: Expected September/October 2027.

Listing of New Securities: Expected November 2027.

Financial Impact: ₹3.98 Cr exceptional cost incurred in Q2 FY27 for merger-related expenses.

Additional Information

Global Presence: 47 offices across 16 countries (Americas: 11, Europe & UK: 4, Asia/Africa/Middle East: 11, Australia: 2, India: 19).