Recurring Revenue Share
82%
flat
82% of revenue is recurring, providing strong visibility and resilience.
KSOLVESINDIA
Other
13 May 2026
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.
✓ Verified against BSE filing
2-Min Summary
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%.
Key Numbers
Top 5 Client Concentration
40%
flat
Top 5 clients contributed 40% of FY26 revenue; top 10 contributed 54%.
Overseas Revenue Share
77%
flat
Overseas markets contributed approximately 77% of FY26 revenue.
5-Year Revenue CAGR
42%
flat
5-year revenue CAGR of 42% and net profit CAGR of 31%.
Management Guidance
FY27 Revenue Growth 18-20%
Management expects annual revenue growth of 18-20% for FY27, driven by services and AI-led delivery.
revenueFY27 EBITDA Margin 25-30%
EBITDA margin guided in the range of 25-30% for FY27, with aspiration to end at the higher end.
marginsNo Further Major Product Investments
No further significant investments in DFM product development in FY27; focus remains on IT services.
otherEvent Expenses to Reduce by 60%
Event-related expenses expected to reduce by at least 60% in FY27 compared to FY26.
otherKey Risks
Geopolitical Deal Delays
Ongoing geopolitical tensions caused delays in order conversions, impacting Q4 sequential growth to only 1.7%.
medium · management_commentaryDFM Product Underperformance
DFM product failed to meet expectations; management admitted spending on development and events without generating significant revenue.
medium · analyst_questionMargin Pressure from AI Investments
Continued investments in AI, insurance, and IT security may keep margins at the lower end of the guided range.
low · management_commentaryClient Concentration Risk
Top 5 clients contribute 40% of revenue; loss of any key client could impact financials.
medium · data_observationNotable Quotes
We have repositioned ourselves as an AI first operation where AI is not an overlay but embedded into delivery, execution and client engagement.
We have taken money from the services and we have spent money for the product and that's why you can see there's a very low PAT growth as compared to last year but this year we will focus only on the services.
We are trying to be conservative so that in future if anything goes wrong then nobody should say that we have given a high number and then this happens.