Board Meeting Details

The Board of Directors meeting was held on July 16, 2026, commencing at 2:15 PM IST and concluding at 3:55 PM IST. The meeting was adjourned to be reconvened on July 17, 2026.

Financial Results Approval

The Board approved the Audited Consolidated and Standalone Financial Results for the quarter ended June 30, 2026, together with Unmodified Audit Reports from the statutory auditor, BS R & Co. LLP.

Consolidated Financial Performance (₹ in Million)

Revenue and Profitability:

  • Revenue from Operations: ₹157,119 million (Q1 FY27) vs ₹133,512 million (Q1 FY26) - 17.7% YoY growth
  • Total Income: ₹156,055 million
  • Profit Before Tax: ₹20,419 million
  • Profit After Tax: ₹14,863 million
  • Profit Attributable to Owners: ₹14,651 million
  • Earnings Per Share (Basic): ₹16.53
  • Earnings Per Share (Diluted): ₹16.50

Segment Performance:

  • IT Services Revenue: ₹132,450 million (84.3% of total)
  • BPS Revenue: ₹24,669 million (15.7% of total)
  • IT Segment Results: ₹29,030 million
  • BPS Segment Results: ₹4,376 million

Key Metrics:

  • Employee Benefits Expense: ₹78,766 million
  • Subcontracting Expense: ₹17,909 million
  • Finance Costs: ₹1,113 million
  • Depreciation & Amortization: ₹4,786 million
  • Tax Expense: ₹5,556 million

Standalone Financial Performance (₹ in Million)

  • Revenue from Operations: ₹132,186 million
  • Profit Before Tax: ₹15,097 million
  • Profit After Tax: ₹11,379 million
  • Earnings Per Share (Basic): ₹11.60
  • Earnings Per Share (Diluted): ₹11.59

USD Financial Highlights (as per press release)

  • Revenue: $1,660 million (up 6.1% YoY)
  • EBIT: $238 million (up 38.6% YoY)
  • EBIT Margin: 14.4% (up ~330 bps YoY)
  • PAT: $154 million (up 16.2% YoY)
  • PAT Margin: 9.3%
  • Free Cash Flow: $167 million
  • New Deal Wins TCV: $1,078 million (up 33.3% YoY)

Operational Highlights

  • Total Headcount: 146,760 (down 863 QoQ)
  • LTM IT Attrition: 11.8%
  • Days Sales Outstanding: 84 days
  • Cash & Cash Equivalents: ₹9,695 crores
  • $50M+ Clients: 33 (up 7 YoY)
  • $20M+ Clients: 66 (up 6 YoY)

Business Developments

  • Acquired 85% stake in Alluri Technologies Inc. ("Avant") on May 27, 2026, for ₹1,875 million (CAD 27.26 million)
  • Contractual obligation for remaining 15% stake: ₹584 million (CAD 8.77 million)
  • Additional ₹300 million (CAD 4.5 million) payable over three years linked to employment conditions

Legal Matters - Emphasis of Matter

Auditors emphasized Note 2 regarding erstwhile Satyam Computer Services Limited matters:

  • 37 companies claiming alleged advances totaling ₹12,304 million
  • Claims pending final adjudication in City Civil Court, Secunderabad
  • Management believes claims will not be payable based on current legal status, lack of documentation, and external legal opinion
  • Amount disclosed as "Suspense Account (net)" separate from equity and liabilities

Regulatory Impact

  • Effective November 21, 2025, Government of India notified four Labour Codes
  • Incremental impact of ₹2,724 million related to Employee Benefit Obligations presented as "Exceptional item" in previous year

Capital Structure Changes

  • 216,706 shares of ₹5 each allotted upon exercise of vested stock options under Employee Stock Option Schemes
  • Increase in paid-up share capital by ₹1 million

Subsidiary Information

Consolidated financial results include 63 subsidiaries with:

  • Total assets (before consolidation): ₹170,320 million
  • Total revenue (before consolidation): ₹54,281 million
  • Total net profit after tax (before consolidation): ₹2,680 million

Management Commentary

Mohit Joshi, CEO & MD: "YoY growth of 6.1% coupled with three consecutive quarters of deal wins exceeding $1 billion dollars underscores the resilience of our business and the growing relevance of our offerings."

Rohit Anand, CFO: "We delivered a strong Q1 performance with broad-based growth, margin expansion, and disciplined working capital management, reflecting consistent execution and sustained business momentum."

Key Deal Wins Highlighted

Multiple strategic wins across payments technology, healthcare, aerospace, industrial processes, telecom, autonomous driving, and specialty chemicals sectors.

Partnerships and Recognitions

  • Multiple partnerships announced with Microsoft, Cisco, Perplexity, UKG, and others
  • Recognized by TIME magazine as one of World's Most Sustainable Companies of 2026
  • Received numerous industry analyst recognitions and awards

Documents Submitted

1. Audited Consolidated and Standalone Financial Results with notes

2. Unmodified Audit Reports

3. Press Release on Audited Financial Results

4. Quarterly Earnings Presentation