| Revenue growth | 29.9% YoY revenue growth; acquisition-led and organic AI deals. |
|---|---|
| Margins | EBITDA margin at 20.1% aided by forex tailwinds. |
| Order book | TTM ACV wins grew to $82.5 million. |
| Demand visibility | Strong demand for AI-led modernization and legacy stack migration. |
| Management confidence | High confidence in AI transition and new sales leadership under Farookh. |
Growth
Revenue grew 29.9% YoY and 3.5% QoQ; Adjusted EBITDA margin stood at 20.1% helped by rupee depreciation.
Outlook
Strong deal momentum with $82.5M TTM ACV wins; AI-enabled services now contribute 29% of revenue.
Risks
Utilisation dipped to 80.5% due to AI bench building; Middle East crisis impacted Novigo's contribution.
Last quarter's promises, checked
Delivered
- Guided +17% margin range → delivered 20.1% (= BEAT)
- Commitment to AI-First pivot → launched EXIQO AI Studio (= BEAT)
- Targeting sales leadership → onboarded Farooq Ahmad as CRO (= BEAT)
Partly delivered
- Targeted high utilization → dipped to 80.5% due to AI bench building (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: RSYSTEMS. Summary written with AI assistance from the document.
R Systems International Ltd: key numbers
- Share price
- ₹235.62
- Market cap
- ₹2,792 Cr
- Revenue (annual)
- ₹1,958 Cr
- Net profit (annual)
- ₹186.2 Cr
- P/E (TTM)
- 14.5×Sector 22.1×
- Promoter holding
- 51.85%+0.00% QoQ
- FII holding
- 3.83%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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R Systems delivered a record Q2 with revenue crossing ₹600 Cr, driven by AI monetization and GCC services. Management reported strong EBITDA margins of 20.1% despite biannual wage hikes.