| Revenue growth | Flat operations revenue at ₹4,307cr; core digital business remains healthy. |
|---|---|
| Margins | EBITDA margins improved 200bps to 13.4% through disciplined cost rationalization. |
| Order book | 79 new logos signed; focus on multi-tower, integrated transformation contracts. |
| Demand visibility | Strong momentum in UK/Canada public sectors and AI-integrated transformation deals. |
| Management confidence | Confident but cautious; pivoting heavily toward AI-led service delivery models. |
Growth
79 new client wins in FY26 represent the strongest acquisition year, focused on higher-margin AI and digital solutions.
Outlook
Management expects FY27 recovery as AI pilots transition to production and Project Ganga connectivity scales.
Risks
Media segment continues to bleed with ₹175cr annual loss; legacy BPO volume erosion remains a headwind.
Last quarter's promises, checked
Delivered
- Connect 100 new towns (Mission Bharat) → Connected 50 towns in Phase 1 (= BEAT)
- Reduce bulk bandwidth cost to <38-40% → Delivered 35% (= BEAT)
- Maintain linear TV monthly churn <2% → Delivered <2% (= BEAT)
Partly delivered
- Revenue growth → Reported as 'muted' or 'soft' at 1.1% YoY (= PARTIAL)
- Digital/Media revenue mix shift → Currently 45% with 5-10% future shift target (= PARTIAL)
Earnings Call filed with BSE, NSE: HGS. Summary written with AI assistance from the document.
Hinduja Global Solutions Ltd: key numbers
- Share price
- ₹376.60
- Market cap
- ₹1,752 Cr
- Revenue (annual)
- ₹4,307 Cr
- Net profit (annual)
- ₹32.19 Cr
- P/E (TTM)
- -40.3×Sector 22.1×
- Promoter holding
- 67.99%+0.00% QoQ
- FII holding
- 11.73%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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