R Systems International

R Systems delivered a strong Q1 FY26 with revenue of ₹574.8 croreCurrent reported value: ₹574.8 crore. No comparable prior figure is available in the source record. (+29.9Current reported value: 29.9. No comparable prior figure is available in the source record.% YoY), driven by volume growth, rupee depreciation, and the Novigo acquisition. Adjusted EBITDA margin expanded 276 bps YoY to 20.1%Current reported value: 276 bps YoY to 20.1%. No comparable prior figure is available in the source record., aided by operational leverage and favorable forex. PAT surged 74.8% YoY to ₹75.8 croreCurrent reported value: 74.8% YoY to ₹75.8 crore. No comparable prior figure is available in the source record.. Organic revenue was flat QoQ due to fewer days and Q4 true-ups, but management expressed high confidence in a rebound. The company launched its AI studio 'Exico' and reported $82.5 million in TTM ACV winsCurrent $82.5 million in TTM ACV wins. Reported change: +$6M QoQ., up from $76.5 million last quarter. AI-enabled services now contribute ~29%Current 29%. Reported change: Not disclosed. of revenue. Key risk: competitive pressure from new AI services firms backed by frontier model vendors and private equity.