What was R Systems International's revenue in Q4 FY26?

R Systems International reported revenue of ₹575 Cr in Q4 FY26, a +29.9% change year-over-year.

Did R Systems International management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

R Systems International Q4 FY26 Research Workspace: Revenue ₹575 Cr (+29.9%)

Q: What guidance did R Systems International management give?

EBITDA margin to remain in 17%+ range: Management reiterated guidance of maintaining adjusted EBITDA margins above 17%, with current quarter at 20.1%.

Revenue ₹575 Cr +29.9%

EBITDA ₹116 Cr +50.6%

PAT ₹65 Cr +74.8%

EBITDA Margin 18% +276bps

Duration 63 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

R Systems delivered a strong Q1 FY26 with revenue of ₹574.8 crore (+29.9% YoY), driven by volume growth, rupee depreciation, and the Novigo acquisition. Adjusted EBITDA margin expanded 276 bps YoY to 20.1%, aided by operational leverage and favorable forex. PAT surged 74.8% YoY to ₹75.8 crore. 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 wins, up from $76.5 million last quarter. AI-enabled services now contribute ~29% of revenue. Key risk: competitive pressure from new AI services firms backed by frontier model vendors and private equity.

Risks3 trackedTranscriptfull text

Research workspace

Focused Modules

!Risks 3 risks

Risk Intelligence

Competition from AI services firms backed by frontier model vendors

View Risks →

≡Transcript Full text

Call Transcript

Full transcript text is available on this route.

Read Transcript →

Quarter Snapshot

TTM ACV Wins $82.5M

+$6M QoQ

Trailing twelve-month annual contract value wins increased from $76.5M last quarter.

AI Revenue Share 29%

Not disclosed

Approximately 29% of revenue now comes from AI and AI-enabled services.

Utilization Rate 80.5%

-350 bps vs peak

Deliberate reduction to invest in AI bench and COE; peak was ~84% two quarters ago.

Employee Headcount 5,400

Not disclosed

Global headcount stands at 5,400; attrition is ~11%, below industry average.

Fast read

Guidance and risk preview

Top guidance EBITDA margin to remain in 17%+ range

Management reiterated guidance of maintaining adjusted EBITDA margins above 17%, with current quarter at 20.1%.

Top risk Competition from AI services firms backed by frontier model vendors

Blackstone and Anthropic partnership could create a new competitor targeting mid-market enterprises, potentially pressuring pricing and market share.