We are pleased to report a strong finish to the year, with Q4 revenues growing 21.3% year-on-year. More importantly, the improvement in profitability reflects the resilience of our business model, disciplined execution, and the benefits of the strategic actions undertaken over the last few years. Our India business continued its strong momentum with over 31.4% year-on-year growth in Q4, and sequential growth of 14.9%, supported by deeper customer engagement, operational excellence, and sustained demand across key sectors. The strong order pipeline and quarterly new business wins of ₹524 Crore provide us with good visibility for future growth.

The increase in Fortune Global 500 customers from 91 to 100 reflects our growing relevance as a strategic supply chain partner to leading global enterprises and the trust global customers place in our capabilities, domain expertise, and ability to deliver integrated and scalable solutions across markets. As we move into the new financial year, we remain focused on profitable growth, strengthening customer relationships, expanding our capabilities, and driving long-term value creation for all stakeholders.

We closed FY26 with an operating cash flow of ₹243 crore, supported by improved profitability and effective working capital management. Our Q4 performance demonstrated a strong improvement in operational and financial metrics, driven by revenue growth, disciplined execution and focused cost management initiatives. This was reflected in our Adjusted EBITDA growth of 37.5% year-on-year to ₹222 crore, aided by an improved business mix and strategic cost take out initiatives, including Project One, initiated during FY26. The ISCS business reported strong performance, with Q4 Adjusted EBITDA margins improving from 8.5% to 9.3% on year-on-year basis. We remain focused on sustaining the margin improvement and strengthening cash generation in FY27.