NSE
BSEThe Quarter story
The two most recent quarterly results, compared side-by-side.
Revenue and international expansion remain steady, but profitability and new bookings face pressure from margin compression and collection delays.
BFSI revenue mix grew from 41% to 51.3% from Q2 FY26 to Q1 FY27 — financial sector demand is strengthening
Adjusted PAT margin collapsed from 3.0% to 0.4% from Q3 FY26 to Q1 FY27 — profitability is under severe strain
International revenue share rose from 37% to 38.1% from Q2 FY26 to Q1 FY27 — global expansion is on track
New contract bookings fell sharply from ₹620 Cr to ₹205 Cr from Q4 FY26 to Q1 FY27 — sales pipeline is slowing down
Net cash position surged from ₹28 Cr to ₹182 Cr from Q2 FY26 to Q4 FY26 — liquidity generation remains strong
Days sales outstanding worsened from 75 days to 82 days from Q4 FY26 to Q1 FY27 — client collections are delaying
Customer satisfaction recovered as NPS jumped from 15 points to 73 points from Q4 FY26 to Q1 FY27 — client experience turnaround is successful
BPM EBITDA margin slipped from 17.0% to 13.5% from Q1 FY26 to Q1 FY27 — operational costs are rising
Employee headcount optimized from 55.9 to 53.6 from Q3 FY26 to Q1 FY27 — workforce efficiency is improving
Top 10 client concentration rose from 34% to 37% from Q2 FY26 to Q1 FY27 — revenue dependency risk is increasing