IT Consulting & Software company Oracle Financial Services Software announced Q1FY27 results Standalone Financial Highlights: Total Income for Q1FY27 stood at Rs 26,292 million, reflecting a YoY growth of 79.10% from Rs 14,680 million in Q1FY26 and a QoQ increase of 27.85% from Rs 20,564 million in Q4FY26. Revenue from operations in Q1FY27 was Rs 25,669 million, compared to Rs 13,968 million in Q1FY26, showing a YoY increase of 83.77%, and a QoQ growth of 63.88% from Rs 15,663 million in Q4FY26. Profit before tax for Q1FY27 reached Rs 18,210 million, up by 130.21% YoY from Rs 7,910 million in Q1FY26 and up 30.09% QoQ from Rs 13,998 million in Q4FY26. Net profit for the period in Q1FY27 was Rs 13,636 million, representing a YoY increase of 132.22% from Rs 5,872 million in Q1FY26 and a QoQ growth of 22.72% from Rs 11,111 million in Q4FY26. Other income for Q1FY27 was Rs 623 million, a YoY decrease of 12.50% from Rs 712 million in Q1FY26 and a significant QoQ decrease from Rs 4,901 million in Q4FY26. Consolidated Financial Highlights: Total Income in Q1FY27 reached Rs 32,028 million, growing 66.40% YoY from Rs 19,247 million in Q1FY26 and 49.91% QoQ from Rs 21,365 million in Q4FY26. Revenue from operations for Q1FY27 was Rs 31,252 million, marking a YoY increase of 68.73% compared to Rs 18,522 million in Q1FY26 and a QoQ increase of 51.33% from Rs 20,652 million in Q4FY26. Profit before tax in Q1FY27 stood at Rs 19,387 million, up 114.13% YoY from Rs 9,054 million in Q1FY26 and 73.08% QoQ from Rs 11,201 million in Q4FY26. Net profit for Q1FY27 was Rs 14,155 million, an increase of 120.52% YoY from Rs 6,419 million in Q1FY26 and a growth of 68.17% QoQ from Rs 8,417 million in Q4FY26. Other income for Q1FY27 was Rs 776 million, a YoY increase of 7.03% from Rs 725 million in Q1FY26 and a QoQ increase of 8.84% from Rs 713 million in Q4FY26. Business Highlights Segment Performance: Product licenses and related activities: Revenue for this segment in Q1FY27 was Rs 29,358 million, a YoY growth of 75.34% from Rs 16,743 million in Q1FY26. Segment results (profit) stood at Rs 18,953 million, up 129.48% YoY from Rs 8,259 million. IT solutions and consulting services: Revenue for Q1FY27 was Rs 1,894 million, a YoY growth of 6.46% from Rs 1,779 million in Q1FY26. Segment results (profit) reached Rs 383 million, a YoY decrease of 29.34% from Rs 542 million. Significant Licensing Agreement: During Q1FY27, the Company entered into an agreement with an existing customer for licensing of software products, transfer of personnel, and provision of transition services, recognizing license revenue of Rs 9,353 million and other income of Rs 191 million. Employee Severance: Employee benefit expenses for Q1FY27 included employee severance expenses of Rs 1,151 million on a standalone basis and Rs 1,782 million on a consolidated basis. Dividend Income: During Q1FY27, the Company received dividends from its wholly owned subsidiary companies totaling Rs 240 million from Oracle (OFSS) Processing Services Limited, Rs 439 million from Oracle (OFSS) BPO Services Limited, and Rs 138 million from ISP Internet Mauritius Company. Additionally, Rs 3,517 million was received from Oracle Financial Services Software America, Inc. Leadership Changes: Mr. Makarand Padalkar resigned as Managing Director and Chief Executive Officer effective July 23, 2026. Mr. Avadhut Ketkar was appointed as the new Managing Director and Chief Executive Officer, and Mr. Manish Bhandari was appointed as the Chief Financial Officer, both effective July 24, 2026. Board Appointment: Mr. Andrew Mark Morawski was appointed as an Additional Director (Non-Executive, Non-Independent) effective July 22, 2026. Makarand Padalkar, Managing Director and Chief Executive Officer, Oracle Financial Services Software, said: “This quarter has been a historic one for us. While the landmark agreement we signed with a leading global bank was a significant milestone, our broader portfolio of wins around the world underscores the continued strength and momentum of our business. This continued success is a result of modernization of our products as part of our AI-first strategy, and our focus on delivering solutions that help financial institutions around the world address their most critical business priorities. As I step back from my executive responsibilities, I am filled with immense confidence in the Company’s future. The Company’s foundational ethos is robust, and its growth pipeline is highly secure. I extend my warmest wishes to Vinay as he takes the helm. I am certain that the Company will continue to scale even greater heights in its next chapter of value creation." Avadhut Ketkar, Chief Financial Officer, Oracle Financial Services Software, said: “I am deeply honored by the trust that the Board has reposed in me to lead OFSS into its next phase of growth and innovation. Having been a part of the organization’s incredible growth journey since its inception, I have witnessed firsthand the resilience of our business model and the sheer dedication of our teams. For the quarter ended June 30, 2026, we posted strong operating performance and significant growth. All our operating parameters continue to be healthy. We remain focused on providing our customers unprecedented flexibility in deployment options to meet the unique needs of their business, together with modern cloud and AI-enabled solutions to help them drive a considerable competitive advantage in their respective markets.” Result PDF