Indian equity markets navigated a challenging quarter marked by geopolitical uncertainty, market volatility and regulatory recalibration. Despite these headwinds, we delivered a strong quarterly performance demonstrating the resilience of our business model. Broking revenue increased 15.35% year-on-year, while non-broking revenue grew 43.20% reinforcing the strength of our balanced revenue profile. Assets under Management book rose by 25.82% to ₹94,791 million and our Margin Trading Funding book expanded 54.62% to ₹13,318.46 million, reflecting continued client trust and engagement. We remain confident in the long-term potential of India’s capital markets, supported by a strengthening investor base and increasing financialization of savings. As we continue to invest in technology, enhance client experience and deepen our product capabilities, we are well positioned to deliver sustainable growth and create enduring value for all stakeholders.

Engineering is entering a new era where intelligence is becoming an integral part of how products are designed, software is developed and engineering decisions are made. At LTTS, our vision of Engineering Intelligence is about fundamentally redesigning engineering work, not simply automating existing processes. Our partnership with Anthropic represents a significant step in that journey, enabling us to embed Claude into engineering workflows and accelerate innovation for our global clients.

For the quarter, Tata Elxsi delivered a healthy performance with growth in our two primary verticals, supported by strong deal execution and continued momentum in large strategic engagements. We also crossed a key milestone of reporting operating revenue of more than Rs. 1,000 crores in the current quarter. The performance in the quarter reflects the strength and increasing relevance of our design-led and AI- enabled engineering capabilities in our chosen industries. Our Transportation business reported a growth of 13.3% YoY, driven by accelerated OEM engagements and strategic wins in the off-road and aerospace segments. We are scaling our offerings and capabilities to help Auto OEMs pivot to a connected, multi-powertrain and AI powered mobility, with OEM revenues now constituting 78% of our automotive revenues. We are delighted with the partnership with JSW Motors to establish JNEXT – JSW NextGen Technology Centre as a strategic hub for next-generation software defined, AI-powered mobility solutions. This partnership is a testament to our world-class capabilities and proposition for enabling a technology-led, new-energy mobility ecosystem in India. In Media & Communications, we delivered another strong quarter, growing 22.2% YoY through continued ramp-up of key engagements and expanded programs with global operators, broadcasters and device OEMs. Our Domain + AI approach enabled a strategic Gen AI powered transformation and managed services deal win for a large-scale AdTech ecosystem in the US. This program delivers end-to-end application support and phased modernization of legacy systems with a Gen AI powered SDLC process, enabling tangible outcomes in legacy modernisation, future service efficiency and platform reliability. I am delighted with the major milestone for our Neuron platform portfolio, enabling Sky in Europe to transition toward autonomous network operations by combining AI-driven automation with inventory-led network intelligence, delivering measurable efficiency and agility ranging from 30-70% across key parameters. Our Healthcare and Life Sciences business reported a growth of 1.7% QoQ, amidst a muted business environment for the healthcare industry. We are investing in pivoting to an AI-first, design-led, and regulatory-aware engineering approach in this business, partnering with leading AI companies across the world. In this quarter, we announced the launch of a Gen AI powered material intelligence platform ViTEL, and an AI-native Software Development platform for medtech and healthcare, AnaTEL. I am delighted with our first strategic deal for ViTEL with a global medtech company to deliver structured material traceability and compliance across product, supplier, and material datasets. Across verticals, we are gaining traction with our platform-enabled offerings to help customers accelerate their strategic roadmaps of integrating AI into their workflows, products and customer experience. FY27 marks a year of future focus for the company, as we prepare and equip ourselves for a world reshaped by AI. We are making targeted investments in specialized talent, AI powered platforms, tools and infrastructure, to pivot to a Domain + AI future. These investments are enhancing customer value creation with tangible outcomes, and opening new avenues for growth and positioning us for the year and decade ahead. We are well positioned to address the strategic priorities of our customers in our chosen verticals— connected, intelligent and software-defined products, digital transformation, AI-powered efficiencies and customer experience, and engineering modernization. We are firmly focussed on sustainab

Indian equity markets navigated a challenging quarter marked by geopolitical uncertainty, market volatility and regulatory recalibration. Despite these headwinds, we delivered a strong quarterly performance demonstrating the resilience of our business model. Broking revenue increased 15.35% year-on-year, while non-broking revenue grew 43.20% reinforcing the strength of our balanced revenue profile. Assets under Management book rose by 25.82% to ₹94,791 million and our Margin Trading Funding book expanded 54.62% to ₹13,318.46 million, reflecting continued client trust and engagement. We remain confident in the long-term potential of India’s capital markets, supported by a strengthening investor base and increasing financialization of savings. As we continue to invest in technology, enhance client experience and deepen our product capabilities, we are well positioned to deliver sustainable growth and create enduring value for all stakeholders.

BHL for the first quarter reported a 31% growth in revenue at INR 35 crores, EBITDA of INR 14 crores with a healthy EBITDA margin of 39% and PAT of INR 8 crores. A key driver of this revenue performance was the additional 100 rooms inventory at Taj Ganges.

Q1 FY27 has been a quarter of strong operational execution for Manaksia Coated Metals & Industries Limited, with sequential improvement across revenue, profitability, and operating metrics despite a challenging global operating environment. EBITDA per tonne reached an all-time high of Rs. 10,401, reflecting the benefits of higher realizations, improved operating efficiencies and increasing contribution from value-added products. During the quarter, the Aluminium-Zinc coating line continued to stabilize, achieving capacity utilisation of approximately 62%. The upgraded Alu-Zinc and Pre-painted Alu-Zinc products have received encouraging acceptance from both domestic and export customers, providing confidence in the gradual ramp-up of capacity utilisation over the coming quarters. The benefits of the technology upgrade are now becoming increasingly visible through improved realizations and stronger operating performance. The quarter was also characterised by elevated raw material prices, with aluminium, zinc and paints remaining at multi-year highs, alongside higher freight and fuel costs arising from geopolitical disruptions. Despite these headwinds, the Company successfully passed on most raw material cost increases to customers for all new order bookings, while uninterrupted plant operations ensured continuity of production and timely execution. Export performance remained resilient, driven by sustained demand across key international markets and continued growth in value-added product exports, reinforcing the Company's strategy of strengthening its presence in premium coated steel markets. The company successfully added four new countries in its list of international market presence. The Company also made significant progress on its strategic growth initiatives. The second colour coating line has entered the advanced stages of erection and commissioning and remains on track for commercialisation during Q2 FY27, substantially expanding our value-added production capacity. Simultaneously, the 7 MW captive solar power project is progressing as planned and is expected to reduce energy costs while enhancing our sustainability profile. With a healthy export order book, improving capacity utilisation of the Alu-Zinc line, upcoming commissioning of key expansion projects and continued focus on premiumisation, operational excellence and cost optimisation, we remain well positioned to deliver sustainable growth and create long-term value for all stakeholders.

For Q1 FY27, the company reported a Total Income of Rs 37,557 million.

TCS' position as India’s most valuable IT Services brand, and its first AAA brand strength rating, reflects a brand built on sustained trust, long-term client relevance, and consistent investment in technology leadership. TCS’ AI ambition gives the brand a clear point of differentiation. As enterprises move to adoption at scale, TCS combines technology depth, infrastructure, and trust to help make AI real in complex organisations. Combined with the strength of the Tata name, this gives the brand a distinctive role as an AI transformation partner for enterprises around the world.

New York City and global travelers deserve an international airport terminal that offers an extraordinary experience. With TCS as our technology partner, we look forward to the New Terminal One earning its place among the world’s best, delivering a transformational guest experience for our partner airlines and their customers, while setting new standards in airport operations and innovation.

We have had a strong start to the year, delivering higher business performance despite macro headwinds particularly emanating from geopolitical tensions. The Company achieved strong YoY growth in both EBITDA and PAT. The performance reflects resilient execution, supported by continued focus on cost discipline and operational efficiencies. On the growth agenda, the company achieved a major milestone of inaugurating the Grinding Unit at Limla, Surat, ahead of schedule, which reflects the strength of our project execution capabilities and the commitment of our teams on the ground. This achievement reinforces our commitment to disciplined capital allocation and sets a strong foundation as we work towards operationalising the remaining capacities at Kutch in the coming quarters and thereby further consolidating our footprint in Western as well as Northern India.