Overview
- Shares rose 12–14% intraday to a BSE high of Rs 57.90 after results were released post market on October 29.
- Q2FY26 revenue reached Rs 1,658.5 crore, up 25.2% year on year, adjusted EBITDA climbed 25.6% to Rs 435.2 crore with a 26.2% margin, and net profit jumped 84% to Rs 301 crore as EPS doubled to Rs 0.54.
- FY26 outlook was lifted to 21%+ revenue growth including Broadpath and 25% EBITDA growth excluding other income, compared with prior guidance of roughly 20% and 24%.
- ICICI Securities maintained Buy with a target of Rs 65, while Aditya Birla Money set Rs 78, citing AI deployments across 25 use cases, lower top-10 client concentration, debt reduction progress and net hiring of 4,268.
- The board declared an interim dividend of Rs 0.05 per share with a November 12 record date and payment by November 28, as analysts flagged potential H2 tailwinds from open enrolment and cross-selling.