Slide 1: Exchange filing cover letter
January 28, 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 to be made to the Analysts and / or Institutional Investors
Slide 2: Financial Results Q3 FY26
The World’s Leading Managed Learning Services Company Financial Results Q3 FY26 January 28, 2026 1
Slide 3: Environment
Environment AI budgets are scaling fast—Gartner forecasts Global growth is projected to remain resilient at 3.3 $644B GenAI spend in 2025 (+76%) and $2.52T percent in 2026 and at 3.2 percent in 2027. total AI spend in 2026 (+44% YoY)—but buyers are Headwinds from shifting trade policies are offset b
Slide 4: Q3 FY26: In Perspective
Q3 FY26 : In Perspective • Revenue at INR 4,997 Mn; up 19% YoY and up 5% QoQ; In CC, Revenue up 11% YoY and up 3% QoQ • EBITDA at INR 1,038 Mn, up 10% YoY and up 7% QoQ; OM at 21%, down 180 bps YoY and up 46 bps QoQ • PAT at INR 743 Mn; EPS of INR 5.4 Vs 3.4 last quarter; Includes net exceptional ga
Slide 5: Key Financials
Key Financials INR Mn Q3 FY26 Q2 FY26 QoQ Q3 FY25 YoY Net Revenue 4,997 4,757 5% 4,189 19% Operating expenses 3,959 3,791 4% 3,243 22% EBITDA 1,038 966 7% 946 10% EBITDA% 21% 20% 46 bps 23% -180 bps Depreciation & Amortisation 194 184 5% 159 21% EBIT 845 782 8% 786 7% Net Other Income/ (Expense) 104
Slide 6: Revenue Mix: By Sector
Revenue Mix: By Sector Others 15.7% 13.6% 10.3% 17.0% 16.1% 11.9% 12.2% 11.3% 12.0% BFSI 13.3% 14.9% 13.6% 14.1% 14.2% Life Sciences & Healthcare 14.1% 22.8% Industrials* 20.4% 19.7% 19.0% 20.7% Management Consulting & 12.9% 9.5% 9.2% 10.1% 12.8% Professional Services 25.6% 27.0% 30.0% 30.9% Technol
Slide 7: People
People 2471 2433 2410 2390 2356 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 6 * Includes mst group, excludes project retainers
Slide 8: Shareholding Pattern
Shareholding Pattern 26.4% 26.1% 26.0% 24.6% 24.4% 21.5% 21.9% 22.2% 23.7% 24.3% 17.6% 17.6% 17.5% 17.4% 17.1% * 34.5% 34.4% 34.4% 34.2% 34.2% Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Promoters FPIs DIIs Individuals and Corporates • Institutional holding (FPI + DIIs) reached new all-time high of 41.4
Slide 9: Office locations
ATLANTA | BERGEN | DEBRECEN | DUBLIN | GURUGRAM | LEIPZIG | LONDON | MUNICH | ROCHESTER | SAN JOSE | SHANGHAI | SHEFFIELD | TOULOUSE | VANCOUVER 8