Hinduja Global Solutions Ltd — Q3 FY26

Hinduja Global Solutions reported a muted Q3 FY26 with operating revenue of ₹1,175.4 crore (+1.1% YoY) and EBITDA margin of 11.2%, down 780 bps YoY due to account-specific volume ramp-downs and one-time labor code costs. PAT from continuing operations was negative, but total PAT of ₹34.4 crore benefited from a discontinued operations gain. Management emphasized margin expansion over topline growth, citing 21 new logo wins in digital operations and tech services as a key future growth driver. AI-powered solutions like Interaction Intelligence and AML lens are gaining traction, with early margin improvements of 10-20% in AI-infused deliveries. The broadband vertical added 25,000 subscribers from 50 new tier-3 towns under Mission Bharat. Risks include elongated decision cycles for large deals and potential client diversification shifts. Guidance remains cautious; no specific numeric targets were provided.