Net profit slipped to ₹171.4 cr, down 5.2% YoY, missing the ₹200 cr consensus of Haitong, Kotak Institutional Equities and Motilal Oswal Securities. Revenue hit ₹1,698.8 cr, a 28.4% jump, beating the ₹1,664.6 cr estimate.
Earning before interest and tax rose 25.3% to ₹238.7 cr, yet the EBIT margin contracted to 14.1% from 14.4% a year earlier. EBITDA climbed 40 basis points to 16.1% from 15.7% and stayed flat sequentially.
Services revenue surged 26.2% to ₹1,355.7 cr, a 33.9% YoY rise, while technology solutions grew 10.5% to ₹343.1 cr.
The company sealed a $138 million full‑vehicle programme with a leading European luxury OEM, covering product development, manufacturing engineering and programme management across two platforms. It also landed a North American commercial vehicle contract for end‑to‑end development and a digital‑ecosystem support role, and was chosen by a global OEM for next‑gen vehicle software development and a Tier‑1 partner for digital transformation of its plants.
CEO Warren Harris said the firm remains confident in delivering double‑digit growth for FY27, backed by robust demand and pipeline conversion. CFO Uttam Gujrati highlighted disciplined execution amid near‑term challenges in certain segments. The workforce grew to 12,895, cash and equivalents stood at $107.8 million after $50 million dividends, and free cash flow dipped to ₹223.5 cr from ₹247.9 cr. Shares closed 0.5% higher at ₹747.25, adding 16% to the year‑to‑date gain.