Ksolves India Ltd — Q4 FY26

Ksolves India delivered a strong Q4 FY26 with revenue of ₹43.03 crore, up 29.1% YoY, driven by strategic wins including a full SAP-to-ODOO migration for a listed Indian infrastructure firm and a data science deployment with a New York-based risk advisory. EBITDA margin came in at 29.3%, at the upper end of the guided range, despite planned investments in AI, leadership, and global events. PAT stood at ₹9.7 crore (margin 22.5%). Management guided FY27 revenue growth of 18-20% and EBITDA margin of 25-30%, with a focus on services and AI-led delivery. The company repositioned as an AI-first transformation partner, embedding AI agents across coding, testing, and operations. Key risk: geopolitical uncertainties causing deal delays, as seen in Q4 sequential growth of only 1.7%.