• The document is a transcript of the Q4 and Full Year FY26 Earnings Conference Call held on Monday, June 01, 2026.
  • The call was moderated by Steve, who began with a standard cautionary statement regarding forward-looking statements.
  • Management participants included:
  • Mr. Niranjan Chintam – Chairman and Whole-Time Director
  • Mr. Karanjit Singh – Chief Executive Officer, India
  • Mr. Srinivas Potluri – Chief Executive Officer, US

Financial Performance (Q4 FY26):

  • Revenue: Rs. 319 crores (close to Rs. 320 crores)
  • EBITDA Margin: 9.8%
  • EBITDA: Rs. 30.7 crores
  • PAT: Rs. 19.5 crores
  • EPS: Rs. 0.34
  • The quarter was described as a "balancing quarter" for audited financial statement finalization. The EPS reflects an increased share base due to the full conversion of FCCBs.

Financial Performance (Full Year FY26):

  • Revenue: Rs. 1,225 crores (11.4% YoY growth)
  • EBITDA Margin: Not explicitly stated, but implied from figures (~11.7%)
  • EBITDA: Rs. 143-144 crores
  • PAT: Rs. 91 crores
  • EPS: Rs. 1.79

Operational Highlights & Client Wins (Q4 FY26):

Management detailed six new client wins:

1. A leading travel technology platform for a Claude-native travel integration project.

2. A global financial transaction enterprise for modernizing an internal financial application.

3. A major private sector bank for an AI-powered video KYC solution.

4. A global engineering consulting enterprise for ServiceNow accounting center implementation.

5. A major cyber technology company for ServiceNow CMDB optimization.

6. A major global technology enterprise for ServiceNow-led IT orchestration.

Other Key Updates:

  • The company's KAI platform received the "AGBA Innovation Star Rating Certification" at the Aegis Graham Bell Awards (backed by MeitY).
  • Kellton is launching an "AI-First B2B travel platform" for Journey.
  • Launched an AI-enabled digital education platform for a major finance services company.
  • Credit rating was upgraded to A-.

Guidance & Outlook:

  • The company is looking at +10% revenue growth for the current year (FY27), with potential to exceed that if conditions are favorable.
  • The three key partnership strategies (Microsoft, ServiceNow via Kumori acquisition, and Snowflake) are expected to yield revenue this year.

Market Conditions & Challenges:

  • The U.S. business is experiencing steady growth but faces headwinds from geopolitical uncertainty (war) and AI-induced delays in project sign-offs as clients reassess workflows.
  • Accounts receivable have slowed down slightly due to customer caution.
  • A strong pipeline exists for AI-led projects, but final sign-offs are delayed; management expects a pickup in the next quarter.

AI Initiatives & Products:

  • Phoenix.ai: An AI-native framework for legacy ERP modernization, achieving 80-90% code conversion automation (vs. 20-30% by market solutions). A current project involves converting 4 million lines of code.
  • Structy.ai: An AI framework for automating data workflows, built in collaboration with a global management consulting firm.
  • Internal AI adoption is emphasized, including the use of Copilot and Claude to enhance SDLC productivity. The Journey platform is being developed with an AI-led SDLC.

Compliance Statement:

The transcript was submitted to the exchanges pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. It is also available on the company's website as per Regulation 46.

Additional Notes Section

  • The document is the official transcript of the earnings call. No separate attachments (like presentations) were mentioned in this specific filing.
  • The announcement itself does not contain financial data; the figures are from the spoken commentary within the transcribed call.
  • The company included a standard cautionary statement about forward-looking statements at the beginning of the call.