Slide 1: Exchange filing cover letter for analyst presentation
January 30, 2026 The Manager The Manager BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Subject: Presentation made to the Analysts and / or Institutional Investors Scrip
Slide 2: Financial Results Q3 FY26
Financial Results Q3 FY26 Jan 30, 2026
Slide 3: Market Signals
Macro Environment Industry Shifts 1) India GDP growth slowing: 7.3% → 6.4% 1) IT Services: Single-digit growth expected, (FY27) muted hiring in H2 FY26 2) Manufacturing PMI at 2-year low, expected 2) US uncertainty: trade tariffs, inflation dampening tech confidence FY27 rebound 3) BFSI hiring muted
Slide 4: India Opportunity Stack
India Deep-Tech Opportunity Banking and Financial Services 1. Automotive Software: Expected to be $100B+ in 1. Private banks: Hiring expected to be muted India by 2034 2. Wealth management: 12-15% CAGR growth 2. Semiconductors: $1T by 2030; 85,000+ talent gap 3. Attrition declining: 18-22% range, ex
Slide 5: Financial Performance
Financial Performance Q3FY26 • Revenue at INR 1,014 Mn (up 3% YoY and lower by 3% QoQ); • Revenue from Technology programs at INR 766 Mn; up 20% YoY • Revenue from BFSI & Other programs at INR 248 Mn; lower 27% YoY • Revenue Mix: Technology: BFSI & Other Programs at 76:24 versus 65:35 last year • Re
Slide 6: Key Financials
Key Financials INR Mn Q3 FY26 Q2FY26 QoQ Q3 FY25 YoY Order Intake 822 1,454 -43% 821 0% Net Revenue 1,014 1,049 -3% 981 3% Operating Expenses 1,004 1,036 -3% 889 13% EBITDA 10 13 (-4) mn 92 (-83) mn Depreciation 76 73 5% 61 25% Net Other Income / (Expense) 132 82 60% 143 -7% Operational PBT 66 23 17
Slide 7: Revenue Mix
Revenue Mix Q3 FY26 Q3 FY25 BFSI & BFSI & Others Others Consumer 24% Consumer 35% 38% 40% Enterprise Technology Enterprise Technology 65% 62% 60% 76% Technology programs gained traction aided by pivot towards work-pros, although fresher hiring remained muted. Compression in fresh hire training volum
Slide 8: People
People 940 939 885 720 722 Q3 FY 25 Q4 FY 25 Q1 FY 26 Q2 FY 26 Q3 FY 26 * excludes project retainers Helping people realize their true potential 7
Slide 9: Share Holding Pattern
Share Holding Pattern * * Includes impact dilution of shareholding percentage due to exercise of ESOPs Helping people realize their true potential 8