Hinduja Global Solutions

HGS reported Q4 FY26 revenue of ₹1,085 croreCurrent reported value: ₹1,085 crore. No comparable prior figure is available in the source record. and EBITDA of ₹197 croreCurrent reported value: ₹197 crore. No comparable prior figure is available in the source record. (margin 15.7%Current reported value: 15.7%. No comparable prior figure is available in the source record.), with margins expanding ~200 bps YoY from cost rationalization. The full-year revenue was ₹4,437 croreCurrent reported value: ₹4,437 crore. No comparable prior figure is available in the source record. with EBITDA margin of 13.4%Current reported value: 13.4%. No comparable prior figure is available in the source record.. Management highlighted a record 79Current 79. Reported change: +0% YoY (record). new client signings and strong pipeline momentum, positioning FY27 for recovery. The media business continues to face losses (₹175 crore for FY26), but broadband and enterprise segments are growing. Project Ganga, an MoU with UP government, aims to connect 2M households via 10,000 digital service providers with minimal capex from HGS. Risks include sustained media losses and macro uncertainty delaying client decisions.