Q1 2026 underscores the momentum we have built as mid-market enterprises move from AI pilots to full-scale, production-grade deployments. Our revenue grew about 30% year-on-year driven by sustained demand for our engineering services and early traction from EXIQO, our AI Studio that integrates AI-native talent, the OptimaAI platform, and a governed delivery framework to deliver measurable gains in engineering velocity. As highlighted in the Agentic AI 2026 Mid-Market Playbook by Everest Group, over 40% of mid-market enterprises are leapfrogging traditional AI adoption stages to stay competitive, yet only 15% have operationalised agentic AI at scale. This gap presents a significant opportunity. Through EXIQO, we are addressing integration complexity, governance readiness, and legacy constraints that hinder enterprise-wide adoption. Early deployments are already delivering 40-55% improvements in engineering velocity and up to 50% reductions in operational overhead, demonstrating that agentic AI is no longer aspirational, but executable, measurable, and scalable. We have entered Q2 2026 with strong deal momentum, a growing client base, and a clear mandate to help clients translate AI ambition into sustained business value.

During Q1 FY26, the Company reported revenue of INR 574 crore and an EBITDA margin of 20%, reflecting a significant improvement driven by enhanced efficiencies and operating leverage from its platform-led model, while maintaining disciplined investments in AI. The full-quarter consolidation of Novigo further strengthened our revenue and margin profile. In line with our commitment to consistent shareholder returns, the Company has paid an interim dividend of INR 6 per share (600% of face value) in Q1 2026, reflecting confidence in our sustained earnings trajectory and robust cash generation.