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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹11,292 Cr
verified against source
Revenue YoY
15.6%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
LTM reported Q4 FY26 revenue of $1.22B (+8.1% YoY) and EBITDA margin of 15.1% (-100bps QoQ due to wage hikes). Full-year revenue reached $4.76B (+6% YoY) with EBITDA margin of 15.4% (+90bps YoY). PAT for the quarter was ₹1,387Cr. Growth was broad-based with four of five verticals posting double-digit YoY growth. Order inflow remained strong at $1.7B, marking the sixth consecutive quarter above $1.5B. Management expressed confidence in sustaining growth momentum into FY27, citing a robust pipeline and the Lakshya 5-year strategy targeting revenue doubling. Key risks include slower-than-expected ramp-up in the top BFSI account and extended transition timelines for large deals like CBDT.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets doubling revenue over five years, implying a ~15% CAGR, with inorganic contributions planned.
- Management expects to sustain the growth momentum built in FY26, with confidence in full-year performance despite possible quarterly softness.
- The New Horizons program includes operating efficiencies as a key pillar, aiming to expand margins further over time.
Risks flagged
- The top BFSI account's growth recovery may not match the speed of its decline, potentially weighing on near-term revenue.
- The CBDT deal has a longer transition timeline due to hardware delivery dependencies, delaying revenue ramp-up.
- Competitors may offer incremental savings to clients, triggering early renegotiations or contract losses.
- AI-driven productivity improvements in existing contracts could reduce revenue from traditional services over time.
Key quotes
- We are confident to continue the growth momentum that we have built in the entire FY26 that will flow into FY27.
- The trigger point for any contract... I look this as not as a contract. I look this as relationships.
- We are looking to expand margins further and we are working on that continuously.
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