Slides
Page 1
October 27, 2026Financial Results Q2 FY27
Page 2
2Helping people realize their true potential 2 Environment | Q2 FY27 Sources: Nasscom Annual Strategic Review 2026; Nasscom-Zinnov GCC Value Orbit (Jul 2026); company Q2 FY27 results and filings Han Digital IT-BPM 2026. AI reskilling demand is measurable: 2 Mn+ Indians are already AI-trained, but only 200-300K hold advanced skills. Industry AI revenue is $10-12 Bn.Nasscom Annual Strategic Review 20261 BFSI hiring is more selective. Operations grew 8-9% YoY while non-banking BPO fell 40-50%; demand is now judgement-led risk and compliance.Han Digital IT-BPM 2026 (estimate)I T Sector hiring has seen marginal pickup in Q2. The top five India listed IT services firms added ~14K. However, trends remain mixed on demand headwinds. Company Q2 FY27 results23Enterprise hiring remains subdued:1. Companies prioritiseredeployment over headcount growth.2. Learning spend needs measurable outcomes.Nasscom-Zinnov, Jul 20265GCCs keep outperforming traditional IT. 2,100+ GCCs employ 2.36 Mn, from 1,900 with 1.9 Mn employees last year. Expected addition of 200K in FY27; Cost pressures remainNasscom-Zinnov GCC Value Orbit, Jul 2026AI and workforce: over 1,200 GCCs have embedded AI/ML and 250K AI professionals now sit inside them. Demand is moving to AI engineering and agentic workflows.Nasscom-Zinnov, Jul 202664
Page 3
3Helping people realize their true potential •Overall Revenue atINR 982 Mn;up 3% QoQ and down 6% YoY;AI revenue at 12.4%in Q2•Product Mix:BFSI & Other programs atINR 321 Mn;up 16% QoQ and 11%YoY; Technology programs atINR 661 Mn;lower by 3% QoQ and 13% YoY .•GTM Mix:Enterprise Business atINR 625 Mn(up 1% QoQ, down 11% YoY);Consumer Business atINR 357 Mn(up 5% QoQ, 3% YoY);•Order Intake ofINR 1,301 Mn; up 36% QoQ and lower 11% YoY•EBITDA at INR27Mn vs INR13Mn in Q2 FY26 and INR (14) Mn in Q1 FY27•Treasury Income at INR41Mn vs INR85Mn in Q2 FY26, significantly impacted due tomarket-to-market impact of increase in interest rates during the quarter•Cash (including fixed income investments) balance at Rs 6,889 million as of Sept 30•Anish Sarkar joined as CEO and Bimaljeet Singh Bhasin joined as Chief GrowthOfficer in Q3 Q2 FY27 Performance
Page 4
4Helping people realize their true potential INR Mn Q2 FY27 Q1 FY27 QoQ Q2 FY26 YoYNet Revenue 982 957 3% 1,049 -6%Operating Expenses 955 971 -2% 1,036 -8%EBITDA 27 (14) 41 mn 13 14 mnDepreciation 103 96 8% 73 43%Net Other Income / (Expense) 65 180 -64% 82 -21%Operational PBT (11) 70 -81 mn 23 -35 mnTax 6 (6) 197% 16 -63%Profit/ (loss) from discontinued Operations & Assets held for Sale(1) (1) 0.1 mn(1) -0.4 mnNon Controlling Interests (4) 6 -9 mn 7 -11 mnPAT (22) 81 -103 mn14 -36 mnEPS (INR) (0.2) 0.6 (0.8) 0.1 (0.3) Key Financials Net Revenue stood at INR 982 Mn, up 3% QoQ while Operating expenses reduced by 2% QoQresulting into EBITDA improvement at INR 27 mnNet Other Income includes Treasury income INR 41 Mn (INR 175 Mn in Q1 FY27 & INR 85 Mn inQ2 FY26). Treasury income includes market to market impact due to increase in interest ratesduring the quarter
Page 5
5Helping people realize their true potential Q2 FY27Current YearQ2 FY26Last YearRevenue Mix – Q2 FY27Enterprise64%Consumer36%Technology67%BFSI & Others33%Enterprise67%Consumer33%Technology73%BFSI & Others27%
Page 6
6Helping people realize their true potential What we are excited aboutAI offerings are scalingAI contribution grew to 12.4% of revenue in Q2, up from 9% in Q1; AI solutions are finding resonanceGTM expansionContinue to expand customer base. BFSI and India Enterprises are growing University segment is growingGraduates need deep skilling to be competitive in the job marketGSI and GCC talent resetGSIs and GCCs are transforming and reconfiguring their talent plansCost initiatives are deliveringMeasures are in place and showing resultsAnish Sarkar joined as CEOExperience across global GSIs, talent transformation consulting and digital services, with deep relationships among HR leaders in India
Page 7
7Helping people realize their true potential People * excludes project retainers - 126Headcount down by 50 QoQ and 124 YoY940 939 931 866 816 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27
Page 8
8Helping people realize their true potential Share Holding Pattern * Includes impact dilution of shareholding percentage due to exercise of ESOPs *