The document is a transcript of the Q1 FY2027 earnings conference call, which was held on July 11, 2026, at 8:00 p.m. (IST). Due to technical issues, an additional call was conducted immediately after on Microsoft Teams.
The purpose of the event was to discuss the company's Q1 FY2027 financial and operational performance and provide a business outlook.
The call was hosted by Mr. Vikas Jadhav, Head of Investor Relations. Key management participants were Mr. Venu Lambu, Chief Executive Officer & Managing Director and Mr. Vipul Chandra Singh, Chief Financial Officer & Whole-Time Director.
The company indicated that forward-looking statements were made and carried risks and uncertainties. No specific statement was made regarding the sharing of unpublished price sensitive information (UPSI).
Financial Highlights & Business Updates Discussed:
Revenue: USD 1,224 million, up 0.3% QoQ and 6.4% YoY in constant currency (6.1% YoY in USD). INR revenue was Rs. 11,608 Crores, up 2.8% QoQ and 18% YoY.
Profitability: EBIT margin was 15.5%, a 40 bps QoQ and 120 bps YoY improvement. Profit After Tax (PAT) was Rs. 1,469 Crores, up 9.5% QoQ and 17.1% YoY. PAT margin was 12.7%.
AI Business: The company reported a quarterly run rate of approximately USD 150 million from its AI businesses (Creative, Industrial, and Business AI combined).
Order Book: Total order book remained stable at USD 1.7 billion, including two large deal wins.
Strategic Updates: The company provided details on its three Lines of Business (iRun, iTransform, Business AI) and four types of AI work (Enterprise, Business, Industrial, Creative). It announced the launch of new BlueVerse™ offerings, the AI 1000 workforce initiative, a strategic investment in Uniphore, and a partnership with OVHcloud.
Acquisition: The process to acquire Randstad's Technology and Consulting Services business in Europe and Australia is on track, with regulatory approvals pending.
Outlook: Management expressed confidence that growth would accelerate through Q2 and into the second half of FY2027, alongside further margin expansion. This is based on a strong order book, tangible AI proof points, and the completion of productivity-linked pricing transitions with large clients.
Additional Notes Section
The document is an enclosed transcript of the earnings call, submitted to the stock exchanges as a regulatory disclosure.
The transcript includes a full Q&A session with analysts from firms including Morgan Stanley, Ambit Capital, Axis Capital, CLSA, and others.
Detailed financial data was disclosed, including revenue, margins, PAT, headcount (87,886), utilization (86.4%), attrition (13.3% TTM), and DSO (85 days).
The document concludes with a safe harbour statement regarding forward-looking statements.
