The Quarter story
The two most recent quarterly results, compared side-by-side.
Revenue and profits contracted sharply after Q2 FY26 due to business normalization, but steady customer acquisition and disciplined cost control keep operations stable.
Enterprise clients grew from 979 in Q1 FY26 to 1,228 in Q1 FY27 — steady customer acquisition continues
Revenue declined from ₹449.34 Cr in Q1 FY26 to ₹51.37 Cr in Q1 FY27 — significant top-line contraction
Revenue share from top 10 clients dropped from 15.2% in Q1 FY26 to 11.9% in Q1 FY27 — lower concentration risk
Adjusted EBITDA fell from ₹94.7 Cr in Q1 FY26 to ₹8.1 Cr in Q1 FY27 — sharp profitability contraction
Total expenses fell from ₹406.06 Cr in Q1 FY26 to ₹48.22 Cr in Q1 FY27 — disciplined cost management
Profit after tax dropped from ₹38.9 Cr in Q1 FY26 to ₹4.7 Cr in Q1 FY27 — sustained earnings pressure
Gross margin held steady from 54.2% in Q1 FY26 to 51.9% in Q1 FY27 — stable pricing power maintained
Revenue per employee fell from ₹4.1 in Q1 FY26 to ₹0.5 in Q1 FY27 — productivity dilution warning
NSE
BSE
