Financial Results Approval

The Board of Directors at its meeting held on Thursday, 16th July 2026 (commenced at 12:16 PM, concluded at 12:30 PM) approved:

1. The Unaudited Standalone and Consolidated Financial Results of the Company for the first quarter ended 30th June 2026

2. Authorization of Key Managerial Personnel for determining materiality of events effective August 1, 2026

Key Financial Figures - Standalone (Amount in ₹ lakhs)

Quarter ended 30 June 2026 (Unaudited):

  • Revenue from operations: ₹35,668.37
  • Other income: ₹3,627.27
  • Total income: ₹39,295.64
  • Employee benefits expenses: ₹19,009.56
  • Finance costs: ₹86.13
  • Depreciation and amortization expenses: ₹920.63
  • Other expenses: ₹11,067.76
  • Total expenses: ₹31,084.08
  • Profit before exceptional items and tax: ₹8,211.56
  • Profit before tax: ₹8,211.56
  • Tax expense: ₹1,929.45 (Current tax: ₹1,857.31, Deferred tax: ₹72.14)
  • Net profit for the period: ₹6,282.11
  • Other comprehensive income: ₹120.76
  • Total comprehensive income: ₹6,402.87
  • Earnings per equity share (face value ₹10): Basic ₹4.44, Diluted ₹4.41
  • Paid-up equity share capital: ₹14,145.53

Comparative Figures:

  • Q1 FY26 (30 June 2025) Net profit: ₹4,972.06
  • Q4 FY26 (31 March 2026) Net profit: ₹10,629.83
  • Full Year FY26 (31 March 2026) Net profit: ₹30,057.64

Key Financial Figures - Consolidated (Amount in ₹ lakhs)

Quarter ended 30 June 2026 (Unaudited):

  • Revenue from operations: ₹30,435.71
  • Other income: ₹3,976.65
  • Total income: ₹34,412.36
  • Employee benefits expenses: Not separately disclosed in standalone segment
  • Finance costs: ₹76.83
  • Depreciation and amortization expenses: ₹835.63
  • Other expenses: ₹10,919.61
  • Total expenses: ₹26,719.23
  • Profit before exceptional items and tax: ₹7,693.13
  • Profit before tax: ₹7,693.13
  • Tax expense: ₹1,715.67 (Current tax: ₹1,550.96, Deferred tax: ₹164.71)
  • Net profit for the period: ₹5,977.46
  • Other comprehensive income: ₹10.81
  • Total comprehensive income: ₹5,988.27
  • Earnings per equity share (face value ₹10): Basic ₹4.23, Diluted ₹4.20
  • Paid-up equity share capital: ₹14,145.53

Geographical Segment Performance (Consolidated)

Revenue by geographical segment for Q1 FY27:

  • India: ₹9,561.13
  • EMEA: ₹11,362.98
  • APAC: ₹5,593.31
  • USA: ₹9,150.95
  • Total: ₹35,668.37

Segment profit/(loss) before tax:

  • India: ₹393.09
  • EMEA: ₹2,153.53
  • APAC: ₹1,144.40
  • USA: ₹1,930.87
  • Total: ₹5,621.89

Authorization of Key Managerial Personnel

1. Mr. Tarun Nandwani - Chief Executive Officer (effective from 01st August 2026)

2. Mr. Arun Kumar Gupta - Chief Financial Officer

3. Mr. Aman Mourya - Company Secretary & Compliance Officer

Contact details provided for all three personnel with phone: +91-11-46533200 and respective email addresses.

Auditor Review

Walker Chandiok & Co LLP conducted limited review of both standalone and consolidated financial results and issued unqualified review reports dated 16 July 2026. The auditors concluded that nothing has come to their attention that causes them to believe that the statements contain any material misstatement.

Notes to Financial Results

1. The financial results were reviewed by the Audit Committee and approved by the Board of Directors on 16 July 2026, prepared in accordance with Ind AS and SEBI guidelines.

2. The figures for the quarter ended 31 March 2026 are balancing figures between audited full year and unaudited nine months ended 31 December 2025.

3. The Board recommended a dividend of ₹600 per equity share for FY2025-26, subject to shareholder approval at ensuing AGM.

4. The impact of Labour Codes implementation was recognized as exceptional items in FY2026 results (₹3,005.76 lakhs impact).

5. Provision for legal claim of ₹1,336.89 lakhs was recognized in FY2026 related to a dispute with a Bank in Qatar over software license and implementation services agreement.

6. Previous periods' figures have been regrouped/reclassified where necessary.