Event Type: Q2 FY27 Earnings Conference Call held on October 19, 2026, at 17:30hrs IST.

Management Participants:

  • Mr. Amit Chadha – CEO & MD
  • Mr. Alind Saxena – Executive Director & President
  • Mr. Rajeev Gupta – Executive Director & CFO
  • Mr. Munjay Singh – Chief Operating Officer
  • Mr. Sandesh Naik – Head, Investor Relations

Financial Performance Highlights:

  • Revenue: $317.1 million, up 2.7% sequentially and 4.8% YoY in constant currency
  • EBIT margin: 16.3%, improvement of 60 bps QoQ and 220 bps YoY
  • Net income: ₹548 crores, up 53.7% QoQ and 66.8% YoY (includes one-time gain of ₹165 crores from SWC divestment)
  • EPS from continuing operations: ₹35.78 for the quarter (annualized EPS: ₹143.12)
  • Large deal TCV: $203 million with over 50% being AI-led wins
  • DSO: 78 days (billed 60 days, unbilled 18 days)
  • Cash and investments: ₹4,197 crores
  • Interim dividend: ₹20 per share approved

Segment Performance:

  • Mobility: Revenue up 2.3% QoQ, margins improved to 16.9% (up 130 bps)
  • Sustainability: Revenue up 13.4% YoY and 4.9% QoQ, margins at 29.5% (up 40 bps)
  • Tech: Margins improved to 12% (up 50 bps)

Strategic Updates:

  • Engineering Intelligence (EI) annualized revenue reached $120 million
  • AI patent filings crossed 253 (total patents: 1,808)
  • 67% of workforce (16,000 engineers) upskilled in AI
  • Divestment of SWC business completed as scheduled
  • New EI lab launched in partnership with NVIDIA
  • Expanded partnerships with Cognite, Anthropic, NVIDIA, and Databricks

Guidance & Outlook:

  • Expect revenue momentum to strengthen in H2 while sustaining healthy EBIT margins
  • Maintain medium-term aspiration of 13-15% revenue CAGR with EBIT margins in 16-17% range over next 3-5 years
  • Effective tax rate expected to remain in 26-26.5% range
  • Wage hikes scheduled for Q3 with expected impact of 50-80 bps on margins

Compliance Statement:

The company indicated that certain statements are forward-looking and involve risks and uncertainties. The audio recording of the call was made available on the company website approximately 1 hour after the call ended.

Additional Notes Section

The document contains the full transcript of the earnings conference call, including detailed Q&A session with analysts. No unpublished price sensitive information (UPSI) was indicated to be shared during the call. The transcript includes detailed operational metrics, segment-wise performance analysis, and management commentary on business outlook.