India · Delayed Price · Currency is INR LTM Limited Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw 6% revenue growth, margin expansion, and robust order inflow, with strong AI-led deal wins and double-digit growth in most verticals. Management expects continued momentum into FY 2027, aiming to double revenue in five years through organic and inorganic growth.
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Q3 FY26 saw 2.4% sequential and 6.1% year-over-year revenue growth, with EBIT margin rising to 16.1% and strong order inflows of $1.7 billion. AI-driven deals, operational efficiencies, and a robust deal pipeline support continued growth momentum and margin expansion.
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Q2 FY 2026 saw strong revenue and margin growth, robust order inflow, and large deal wins across all verticals. AI-driven productivity recalibration is impacting top clients, but overall growth momentum and margin expansion are expected to continue, with double-digit growth targeted in H2.
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Q1 FY2026 saw 2% sequential and 5.2% year-over-year revenue growth, with EBIT margin up 50 bps to 14.3%. Order inflow exceeded $1.5 billion for the third straight quarter, and all verticals grew sequentially, led by consumer and healthcare. Management expects growth momentum to continue into Q2.
Fiscal Year 2025
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FY 2025 saw 4.8% revenue growth to $4.5B, strong order inflow, and margin pressure amid macro uncertainty. Key verticals like BFSI and Technology grew, while Health declined. Management expects margin improvement and growth from Q1 FY 2026, driven by cost and sales transformation.
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Q3 FY25 saw 5.6% YoY revenue growth and record TCV of $1.68B, led by BFSI and strong AI-driven deal wins. EBIT margin declined due to wage hikes, but cash flow and headcount improved. Outlook remains positive with a robust pipeline, though AI productivity and macro uncertainties pose short-term risks.
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Q2 saw broad-based growth, strong deal wins, and a robust AI-driven strategy, with revenue up 4.7% YoY and EBIT margin improving to 15.5%. Cautious optimism prevails for Q3 amid seasonal headwinds and margin pressures from wage hikes, while discretionary spend remains subdued.
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Q1 FY25 saw 3.7% constant currency revenue growth, margin improvement, and strong order inflow, driven by AI and digital transformation demand. Momentum is expected to continue into Q2, with BFSI and technology leading growth and ongoing investments in global expansion and ESG initiatives.