Date: July 13, 2026

Financial Results (Standalone & Consolidated)

Income Statement Highlights (USD millions):

  • Revenues: $3,650 for Q1 FY2027 (ended June 30, 2026), compared to $3,545 in Q1 FY2026, representing a 3.0% year-over-year increase.
  • Cost of Revenues: $2,430 (Q1 FY2027) vs. $2,350 (Q1 FY2026).
  • Operating Profit: $616 (Q1 FY2027) vs. $578 (Q1 FY2026).
  • Profit Before Tax: $645 (Q1 FY2027) vs. $607 (Q1 FY2026).
  • Net Profit Attributable to Owners: $488 (Q1 FY2027) vs. $450 (Q1 FY2026), an 8.4% increase.
  • Earnings Per Share (EPS): Basic and Diluted EPS was $0.18 for Q1 FY2027, up from $0.17 in the prior year period.
  • Effective Tax Rate: 24.3% for Q1 FY2027, down from 25.9% in Q1 FY2026, primarily due to the resolution of uncertain tax positions and a transition to a new tax regime in India.

Balance Sheet Highlights (USD millions, as of June 30, 2026):

  • Total Assets: $11,806, down from $12,261 as of March 31, 2026.
  • Cash and Cash Equivalents: $971, up from $872.
  • Other Bank Balances (Short-term deposits): $1,185, down from $1,599.
  • Total Equity: $7,764, down from $7,931.
  • Retained Earnings: $7,904.
  • Total Liabilities: $4,042, down from $4,330.

Cash Flow Highlights (USD millions, for Q1 FY2027):

  • Net Cash from Operating Activities: $317.
  • Net Cash from Investing Activities: $536, which included an investment of $151 in an associate and significant activity in bank deposits and securities.
  • Net Cash Used in Financing Activities: ($739), primarily due to dividend payments of $685.
  • Net Increase in Cash: $114.

Dividend Declaration or Non-Declaration

An interim dividend of ₹24 per share was declared for the period, compared to ₹18 per share in the same quarter of the previous year. The total dividend paid was $685 million. The record and payment dates were not specified in this document.

Board Meeting Outcomes

The condensed consolidated interim financial statements for the period ended June 30, 2026, were approved and authorized for issue by the Board of Directors on July 13, 2026.

Disinvestment / Strategic Actions

Acquisitions Completed in Previous Quarter (FY2026):

  • Wobby BV: Acquired 100% shareholding for $5. Goodwill of $4 was recognized. The acquisition adds Agentic AI data analyst capabilities.
  • Finergic Solutions Pte. Ltd: Acquired 100% shareholding for $18. Goodwill of $9 was recognized. This acquisition focuses on wealth consulting and banking transformation.

Investment:

  • On June 25, 2026, the Company acquired a 10.46% interest (41,421 Series B2 preference shares) in Axonwise Private Limited (Sarvam AI) for $151 million. This investment is accounted for using the equity method.

Pending Acquisition:

  • The acquisition of the Telco Solutions Business from Hewlett Packard Enterprise (HPE) for up to $160 was announced on December 18, 2025, and is subject to customary closing conditions, expected to close in the current financial year.

Subsequent Events

1. The acquisition of the Jaspersoft business unit from Cloud Software Group (CSG) for $240, announced on December 22, 2025, was completed on July 1, 2026, after receiving regulatory approvals. It will be accounted for in the next quarter.

2. The Board of Directors, on July 13, 2026, declared a subsequent interim dividend of ₹12 per share.

Auditor’s Report

These are unaudited condensed consolidated interim financial statements. The document states they have been prepared in accordance with IAS 34 \"Interim Financial Reporting.\" The auditor's name or a specific opinion on these interim statements is not provided.

Other Operational / Legal / Strategic Disclosures

Contingent Liability:

  • A wholly owned subsidiary with a VSAT License has an ongoing legal matter with the Department of Telecommunications (DoT) in India. A demand of ~$37 million was set aside by TDSAT in March 2022. The DoT has filed an appeal in the Supreme Court, which is pending admission. The company believes it can successfully defend its position.