Financial Performance Summary (Unaudited Consolidated)

Revenue Metrics:

  • Revenue from Operations: Rs 45.86 Cr in Q1 FY27 vs Rs 38.83 Cr in Q1 FY26, up 18.1% YoY
  • Total Revenue: Rs 46.55 Cr in Q1 FY27 vs Rs 41.23 Cr in Q1 FY26, up 12.9% YoY
  • Five-quarter revenue trend (Total Revenue): Q1 FY26: Rs 41.23 Cr, Q2 FY26: Rs 42.52 Cr, Q3 FY26: Rs 43.33 Cr, Q4 FY26: Rs 45.06 Cr, Q1 FY27: Rs 46.55 Cr
  • Trailing Twelve Months (TTM) Revenue at Q1 FY27: Rs 177.20 Cr, up 22.0% YoY

Profitability Metrics:

  • Operating Profit (EBITDA): Rs 11.88 Cr in Q1 FY27 vs Rs 8.43 Cr in Q1 FY26, up 40.9% YoY
  • Operating Margin: 25.9% in Q1 FY27 vs 21.7% in Q1 FY26, expansion of 420 basis points
  • Profit Before Tax: Rs 12.07 Cr in Q1 FY27 vs Rs 10.16 Cr in Q1 FY26, up 18.8% YoY
  • Tax Expense: Rs 2.88 Cr in Q1 FY27 vs Rs 2.51 Cr in Q1 FY26, up 14.4% YoY
  • Profit After Tax: Rs 9.20 Cr in Q1 FY27 vs Rs 7.65 Cr in Q1 FY26, up 20.2% YoY
  • PAT Margin: 20.1% in Q1 FY27 vs 19.7% in Q1 FY26, expansion of 40 basis points
  • Earnings Per Share: Rs 4.95 in Q1 FY27 vs Rs 4.12 in Q1 FY26, up 20.2% YoY (not annualized)
  • TTM PAT at Q1 FY27: Rs 33.56 Cr, up 18.8% YoY
  • TTM EPS at Q1 FY27: Rs 18.07, up 18.8% YoY

Cost Structure:

  • Employee Cost: Decreased by 4.8% year-on-year despite revenue growth
  • The company attributes cost efficiency to "headcount-lean" operations and AI-first delivery model

Five-Quarter Performance Trends:

| Quarter | Net Profit (Rs Cr) | EPS (Rs) |

| Q1 FY26 | 7.65 | 4.12 |

| Q2 FY26 | 7.87 | 4.24 |

| Q3 FY26 | 7.75 | 4.17 |

| Q4 FY26 | 8.74 | 4.71 |

| Q1 FY27 | 9.20 | 4.95 |

Operational Highlights:

  • AI-First delivery model implemented across 15 countries and 5 continents
  • Operating profit grew at 2.3x multiplier compared to revenue growth
  • Delivery scaled through capability enhancement rather than headcount expansion
  • Recent enterprise mandates contributed to margin improvement
  • ISO 9001:2015 and ISO 27001:2022 certifications maintained

Management Commentary:

Founder & Managing Director Niraj C. Gemawat emphasized:

  • The quarter demonstrates the effectiveness of the AI-first business model
  • Intelligence embedded in work execution drove efficiency gains
  • Margin expansion of 420 bps is the direct signature of AI-first execution
  • Company focused on earning more from every unit of effort rather than growing faster than absorption capacity
  • Sequential profitability improved without relying on revenue step-up
  • Enterprise engineering, applied AI, and next-generation software delivery are core competencies
  • TTM performance shows 22% revenue growth and 19% profit growth with lower employee cost than year ago

Strategy & Outlook:

  • Growth driven by capability enhancement rather than cost expansion
  • Margin expansion achieved through execution excellence of AI-first model
  • AI embedded across delivery processes including engineering, decisioning and operations
  • EPS reached new high at Rs 4.95
  • Company will continue deepening AI-first delivery and shifting toward recurring revenue
  • Focus on compounding through operational leverage rather than headcount expansion
  • Disciplined execution model will shape future quarters