Financial Results Highlights
Consolidated Financial Performance for Q2 FY27:
- Revenue: INR 46,639.0 million (USD 487.6 million)
- Quarter-over-quarter revenue growth: 7.8% (8.4% in INR terms)
- Year-over-year revenue growth: 20.0% (20.8% constant currency growth)
- EBIT: INR 6,977.2 million (15.0% margin)
- Quarter-over-quarter EBIT growth: 1.6%
- Year-over-year EBIT growth: 19.5%
- Operating PAT: INR 4,951.5 million (10.6% margin)
- Quarter-over-quarter Operating PAT growth: 2.5%
- PAT: INR 3,515.1 million (7.5% margin)
- Quarter-over-quarter PAT change: -27.2%
- Year-over-year PAT change: -25.4%
Strategic Developments
Nagarro Acquisition Progress:
- Secured approximately 94.04% of Nagarro's share capital and voting rights (excluding treasury shares)
- Received shareholder approval for equity raise of up to USD 450 million at Extraordinary General Meeting
- Combined equity and borrowings for acquisition capped at USD 1,250 million
- Acquisition aligns with long-term M&A strategy to strengthen engineering capabilities, diversify geographic presence, and expand global delivery capabilities
Business Performance and Strategy:
- 26th sequential quarter of growth achieved
- Continued focus on AI capabilities through 3C framework and AI-driven platforms
- Development of Enterprise Context within client environments emphasized
Order Bookings and Client Wins
Q2 FY27 Order Metrics:
- Total Contract Value (TCV): $633.5 million
- Annual Contract Value (ACV): $481.0 million
Key Client Wins by Vertical:
Software, Hi-Tech & Emerging Industries:
- Mainframe and legacy modernization through agentic AI ecosystems for leading hyperscaler
- Salesforce ecosystem reengineering for leading storage and moving services provider
- Data and AI foundation strengthening for emerging U.S. beauty company
Banking, Financial Services & Insurance:
- Legacy modernization for Fortune 500 U.S. insurer
- AI agents implementation for leading U.S. bank
- Agentic AI automation for large U.S. financial services firm
Healthcare and Life Sciences:
- IT operations unification for leading U.S.-based cancer center
- AI-augmented product engineering for U.S. life sciences insights platform provider
- Data and AI scaling for U.S.-based family caregiving provider
Awards and Recognitions
- Five awards at ISG Provider Lens™ Awards 2026
- Growth Honor of the Year at Everest Group Elevate 2026 (second consecutive year)
- BW Sustainable World Awards 2026 in Climate Action & Carbon Neutrality Leadership category
- Talent supply chain featured in ISB case study published by Harvard Business Impact
- America's Greatest Workplaces in Tech 2026 by Newsweek
- Seven category honors at People Matters Infini-T Awards India 2026
- Gold and Silver honors at BW People HR Excellence Awards 2026