Financial Performance Summary

Consolidated Financial Highlights for Quarter Ended June 30, 2026:

Revenue Performance:

  • Q1 FY27 Revenue: ₹41.44 crore
  • Q4 FY26 Revenue: ₹43.03 crore (sequential comparison)
  • Q1 FY26 Revenue: ₹37.67 crore (year-on-year comparison)
  • Sequential growth: -3.7%
  • Year-on-year growth: +10.0%

Profitability Metrics:

  • EBITDA: ₹12.56 crore
  • EBITDA Margin: 30.3%
  • Year-on-year EBITDA growth: +26.2%
  • Sequential EBITDA change: -0.4%
  • Profit Before Tax (PBT): ₹12.17 crore
  • Year-on-year PBT growth: +35.0%
  • Sequential PBT growth: +1.7%
  • Profit After Tax (PAT): ₹9.21 crore
  • PAT Margin: 22.2%
  • Year-on-year PAT growth: +43.3%
  • Sequential PAT change: -5.0%
  • EPS for the quarter: ₹3.88 (up 43% year-on-year)

Margin Analysis:

  • EBITDA Margin expanded by 389 basis points year-on-year (from 26.4% to 30.3%)
  • EBITDA Margin expanded by 100 basis points sequentially (from 29.3% to 30.3%)
  • PAT Margin improved to 22.2% from 17.1% in Q1 FY26

Dividend Declaration

The Board declared a first interim dividend of ₹4 per share for FY27.

Management Commentary

Ratan Srivastava, Founder, Chairman & Managing Director:

  • Cited resilient performance despite cautious global technology spending environment
  • Attributed strong profitability to business model strength, execution capabilities, and operational discipline
  • Identified sequential revenue moderation due to ramp-down of select engagements by certain large clients
  • Clients recalibrating technology investments amid macroeconomic environment and cost-optimization priorities
  • Expects revenue softness in next two-three quarters due to client-specific developments
  • Intensified sales and business development efforts to expand client base
  • Seeing encouraging opportunities in AI/ML, Big Data, Salesforce, Odoo and enterprise digital transformation
  • Customers progressing from AI-led evaluations to active implementation initiatives

Umang Soni, Chief Financial Officer:

  • Attributed margin expansion to focused cost management initiatives and AI-enabled delivery improvements
  • Highlighted benefits from AI-enabled delivery improvements enhancing productivity and execution efficiency
  • Maintained healthy balance sheet supported by strong cash conversion and prudent working capital management
  • Focused on disciplined execution through current period of client-side budget adjustments

Strategic Business Updates

AI Transformation Initiative

Ksolves has transitioned to an "AI First, end-to-end AI-enabled delivery model" with proprietary En(AI)bling™ framework:

  • Over 80% of active engagements now incorporate AI components
  • 550+ AI-Certified professionals
  • 100+ AI-Driven Projects successfully delivered globally
  • 100+ AI & GenAI Agents currently running in active production
  • Output-Based, AI-driven delivery engagement model

AI Operational Pillars:

  • AI-Enabled Development & Agents: AI-driven workflows for automated coding, testing, quality checks, and deployment
  • Focused Talent & Solutions: Upskilling workforce through dedicated AI Excellence Hub in LLMs, SLMs, and Agentic AI

Leadership Appointments

  • Eric Paul Averitt appointed as VP, Head of Global Sales (USA)
  • Najib Saiyed appointed as Head of Sales - North America (Canada)

Key Client Wins - Q1 FY27

Banking & Financial Services:

  • US-based banking and financial services organization
  • 24×7 Enterprise NiFi Support engagement
  • SLA-driven support for enterprise-grade Apache NiFi environment
  • Mission-critical uptime for tier-one banking clients

Healthcare & Employee Benefits Administration:

  • US-based healthcare and employee benefits administration organization
  • Implementation of Apache Spark and Apache Airflow
  • Enhancement of data processing and workflow orchestration

Nonprofit / Workforce Impact:

  • One of the largest workforce and community-impact Non-Profit enterprises in the U.S.
  • Modernization of core operations on Salesforce Nonprofit Cloud
  • Coverage includes case management, donor & program operations, and reporting infrastructure

Global Tech & Logistics:

  • Silicon Valley logistics technology provider serving Fortune 500/100 clients in 150+ countries
  • Modernizing end-to-end Experience Cloud portal
  • Full-lifecycle design, development, QA, and deployment for mission-critical global platform

Industry Event Participation

  • Odoo Business Show (April 9, 2026 - Chicago)
  • Global Solar Expo (April 17-18, 2026 - Pune, India)
  • SaaStr Annual AI (May 12-14, 2026 - San Francisco, USA)
  • ERP Expo 2026 (May 7-9, 2026 - Pune, India)
  • Frappe Yatra 2026 (May 30, 2026 - Delhi, India)
  • Agentic AI Hackathon 2026 (April 17-20, 2026 - Online Event)

Company Background

Ksolves India Limited is a globally trusted IT services and solutions provider with 14+ years of expertise in digital transformation across industries. Headquartered in India, the company provides solutions across AI/ML, Big Data, Cloud Computing, Salesforce, Odoo, Data Analytics, and DevOps. With 550+ professionals and offices in India, USA, and UAE, Ksolves serves clients across 30+ countries.