India · Delayed Price · Currency is INR LTM Limited Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY 2027 saw steady revenue and margin growth, driven by AI-led services and strong deal momentum. Segment performance was robust in Technology, Financial Services, and Consumer, with positive outlook for accelerated growth and margin expansion in H2.
Fiscal Year 2026
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The acquisition of Randstad's tech and consulting business in Europe and Australia fills key geographic and vertical white spaces, aligns with a five-year diversification strategy, and brings marquee clients and domain talent. The deal is expected to be margin-neutral, with significant cross-sell and upsell opportunities and minimal integration complexity.
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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 major AI-driven initiatives and deal wins supported broad-based growth across most verticals.
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 1.8% sequential and 5.6% YoY revenue growth, record TCV of $1.68B, and strong AI-driven deal wins, especially in BFSI and manufacturing. EBIT margin declined due to wage hikes, but cash flow and headcount improved. Growth momentum is expected to continue into Q4.
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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 3.5% YoY revenue growth to $1.1B, with EBIT margin up to 15% and strong order inflow of $1.4B. Demand momentum is expected to continue, driven by AI and modernization, especially in BFSI and technology verticals.