Financial Updates

Quarterly Performance (₹ in lakhs)

  • Revenue: Q2 FY27: ₹8,559; Q1 FY27: ₹7,945; Q2 FY26: ₹6,891
  • QoQ growth: 7.7%
  • YoY growth: 24.2%
  • Normalized EBITDA*: Q2 FY27: ₹1,777; Q1 FY27: ₹1,687; Q2 FY26: ₹491
  • QoQ growth: 5.3%
  • EBITDA margin: Q2 FY27: 20.8%; Q1 FY27: 21.2% (decline of 40 bps QoQ)
  • Normalized PBT*: Q2 FY27: ₹1,703; Q1 FY27: ₹1,833; Q2 FY26: ₹524
  • QoQ decline: 7.1%, attributed to a one-time tax refund of ₹288 lakhs in Q1 FY27
  • Excluding the tax refund, PBT grew 10.2% QoQ
  • Normalized PAT*: Q2 FY27: ₹1,430; Q1 FY27: ₹1,609; Q2 FY26: ₹388
  • PAT margin: Q2 FY27: 16.7%; Q1 FY27: 20.3%
  • Reported PAT (incl. exceptional items & impairment): Q2 FY27: ₹1,429; Q1 FY27: ₹1,422; Q2 FY26: ₹286
  • Earnings Per Share (EPS): Q2 FY27: ₹0.26; Q1 FY27: ₹0.26; Q2 FY26: ₹0.05

*Excluding Exceptional Items & Impairment Allowance for Trade Receivables

Liquidity Position

  • Cash & cash equivalents as of September 30, 2026: ₹19,799 lakhs
  • Cash & cash equivalents as of June 30, 2026: ₹18,480 lakhs
  • Reflects continued liquidity stability

Business Highlights

Growth Initiatives

  • Secured a new Partner Ecosystem Management (PEM) deal with an APAC operator
  • Won a new group account in Africa for deploying Fraud Management at 2 operating companies
  • Received a Phase 2 PEM order from a Tier 1 operator in the Middle East
  • Secured a new customer in Europe for Partner Ecosystem Management
  • Minority investments in PrivaSapien and OnGrid grew approximately 5x and 2x respectively, strengthening consolidated net worth

Operational Efficiency

  • PAT and EBITDA remain positive with Q2 FY27 EBITDA at 20.8% and PAT at 16.7%
  • Cash position remains healthy at ₹198.0 crore (₹19,800 lakhs)

Talent & Recognition

  • Recognized as a "Most Preferred Workplace 2026–27" by Marksmen Daily (6th Edition) through independent recognition
  • Upskilling talent in AI-led Software Development Life Cycle (SDLC) to enhance engineering productivity

Strategic Advantages Highlighted

1. Strong Tailwinds in AI: Almost all RFPs ask for AI use cases; Fraud Management is a top AI & GenAI use case among telcos

2. Few Players with Data Access: Large customer base with data connectors processing 200bn+ records per instance; high switching costs

3. Telco Domain Expertise: 30+ years of expertise in telecom and handling telco data across functions; continuous product development with strong R&D spend

4. Geography Focus: Revenue growth driven by strong presence in emerging markets and increased AI adoption in developed markets

5. Landed and Expanding: Expanding AI deployments across existing clients

6. Strong Annuity Model: ~70% revenue is annuity/recurring nature; customer retention of ~92%

Global Customer Base

  • EMEA, Asia, and Americas regions