Consolidated Financial Results (Q1 FY27)

Revenue Performance:

  • Revenue from operations: ₹14,942.97 lakhs (Q1 FY27) vs ₹13,315.08 lakhs (Q1 FY26) - 12.2% YoY growth
  • Other income: ₹173.08 lakhs (Q1 FY27) vs ₹246.69 lakhs (Q1 FY26)
  • Total Income: ₹15,116.05 lakhs (Q1 FY27) vs ₹13,561.77 lakhs (Q1 FY26)

Expense Breakdown:

  • Employee benefits expense: ₹10,926.30 lakhs
  • Finance costs: ₹68.21 lakhs
  • Depreciation and amortization: ₹463.75 lakhs
  • Other expenses: ₹2,179.93 lakhs
  • Total Expenses: ₹13,638.19 lakhs

Profitability:

  • Profit before exceptional items and tax: ₹1,477.86 lakhs vs ₹1,592.31 lakhs (Q1 FY26) - 7.2% YoY decline
  • Exceptional items: None (₹315.50 lakhs in FY26)
  • Profit before tax: ₹1,477.86 lakhs
  • Total tax expense: ₹360.92 lakhs (Current tax: ₹397.30 lakhs, Deferred tax credit: ₹36.38 lakhs)
  • Net profit for the period: ₹1,116.94 lakhs vs ₹1,273.09 lakhs (Q1 FY26) - 12.3% YoY decline

Comprehensive Income:

  • Other comprehensive income (loss): ₹(74.87) lakhs
  • Total comprehensive income: ₹1,042.07 lakhs

Earnings Per Share:

  • Basic EPS: ₹5.00 (Q1 FY27) vs ₹5.61 (Q1 FY26)
  • Diluted EPS: ₹4.98 (Q1 FY27) vs ₹5.57 (Q1 FY26)

Standalone Financial Results (Q1 FY27)

  • Revenue from operations: ₹11,207.68 lakhs
  • Net profit: ₹923.50 lakhs
  • Basic EPS: ₹4.21
  • Diluted EPS: ₹4.12

Geographical Revenue Breakdown (Consolidated)

  • Within India: ₹7,704.52 lakhs (51.5% of total)
  • Outside India: ₹7,238.45 lakhs (48.5% of total)
  • USA: ₹5,041.85 lakhs
  • Europe: ₹379.77 lakhs
  • Others (Canada, United Kingdom): ₹1,816.83 lakhs

Capital Structure Impact

Buyback Completion:

  • The Board approved buyback of up to 5,48,780 fully paid equity shares (face value ₹10 each)
  • Aggregate consideration not exceeding ₹1,800 lakhs
  • Buyback price: ₹328 per equity share
  • Represented 2.41% of total paid-up equity share capital
  • Record date: May 18, 2026
  • Tendering period concluded: May 29, 2026
  • Shares bought back and extinguished: June 11, 2026
  • Capital redemption reserve created: ₹54.88 lakhs (share capital extinguished)
  • Premium on buyback (₹1,745.12 lakhs) utilized from securities premium reserve

Paid-up Equity Share Capital:

  • Q1 FY27: ₹2,193.32 lakhs (post-buyback)
  • Q4 FY26: ₹2,244.02 lakhs (pre-buyback)
  • Q1 FY26: ₹2,271.62 lakhs

Legal Contingency

  • Former employee initiated legal proceedings against Onward Technologies Inc. (US subsidiary)
  • Company has filed motion to dismiss the complaint
  • Matter continues to be contested on merits
  • Based on management assessment and legal advice, adverse outcome not considered probable
  • No provision recognized in financial results
  • Disclosed as contingent liability only

Previous Year Adjustment

  • Effective November 21, 2025: Government consolidated 29 labour regulations into four Labour Codes
  • Company estimated liability for employee benefits resulting in incremental past service costs
  • During previous year, presented as Exceptional Item of ₹315.50 lakhs

Auditor's Limited Review

  • BSR & Co. LLP conducted review in accordance with SRE 2410
  • Includes financial information of 4 subsidiaries not reviewed separately (total revenues ₹1,077.98 lakhs, net profit ₹95.50 lakhs)
  • Figures for Q4 FY26 are balancing figures between audited annual figures and published unaudited YTD figures
  • No material misstatements identified