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HINDUJAGLOBALSOLUTIONS Diversified 06 Feb 2026

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 volum...

neutral medium
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Revenue ₹1,075 Cr +1.1%
EBITDA ₹134 Cr -37%
PAT ₹34 Cr
EBITDA Margin 2% -780bps
Duration 62 min
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Elongated decision cycles for large deals

Macro uncertainty and client prudence continue to delay large deal closures, which could persist for another year.

medium · management_commentary
R

Account-specific volume ramp-downs

Revenue growth was moderated by ramp-downs in a couple of large accounts due to vendor diversification and in-house shifts, though management says these are tactical.

medium · management_commentary
R

Outcome-based pricing adoption slow

Despite client interest in AI tools, many are not ready for outcome-based pricing, limiting near-term revenue model transformation.

low · analyst_question