IT Consulting & Software company R Systems International announced Q1CY26 results Consolidated Financial Highlights: The company reported Revenue from operations of Rs 5,747.68 million for Q1CY26, representing a YoY growth of 29.9% compared to Rs 4,424.65 million in the same quarter last year and a QoQ increase of 3.54% from Rs 5,551.09 million in the preceding quarter. Total income for the quarter stood at Rs 5,949.19 million, reflecting a YoY increase of 33.77% from Rs 4,447.44 million and a QoQ growth of 6.60% from Rs 5,580.93 million. Adjusted EBITDA for the quarter reached Rs 1,156.65 million, marking a YoY growth of 50.6% from Rs 768.09 million. The Adjusted EBITDA margin improved to 20.12% compared to 17.36% in the corresponding quarter of the previous year. Net profit for the period was Rs 654.14 million, registering a YoY growth of 69.50% from Rs 385.93 million and a significant QoQ increase of 79.67% from Rs 364.08 million. Adjusted Net profit after taxes stood at Rs 758.10 million, showing a YoY growth of 74.8% from Rs 433.72 million. The company declared and paid an interim dividend of Rs 6 per share (600% of face value) during the quarter. Basic Earnings Per Share (EPS) for the quarter was Rs 5.52, compared to Rs 3.26 in the year-ago period and Rs 3.08 in the previous quarter. Total equity attributable to shareholders as of March 31, 2026, was Rs 10,371.56 million. Cash and bank balances (net of short-term borrowings) stood at Rs 2,497 million as of March 31, 2026. Business Highlights Geographic Revenue Mix: The Americas remained the largest contributor to revenue at 69.34%, followed by APAC at 17.51%, Europe at 9.56%, and MEA at 3.59%. Client Metrics: Revenue from the Top 10 clients accounted for 23.96% of the total revenue. The largest client contributed 5.80% to the quarterly revenue. Utilization and Human Resources: The blended utilization rate (including trainees) stood at 80.44% for the quarter. The total human resource count was 5,303 as of March 31, 2026, which includes 4,741 technical professionals. Segment/Key Deal Wins: A leading global technology research organization engaged the company for custom APIs and platform enhancements for enterprise research. A North American technology company specialized in digital engagement engaged R Systems to build a unified data foundation. A financial services technology provider engaged the company for a large-scale application modernization program. Selected by a leading global cloud services provider for a hybrid cloud migration. Partnered with a global life sciences innovator for a next-generation end-to-end consumer loyalty program. Nitesh Bansal, Managing Director & CEO, said: “Q1CY26 underscores the momentum we have built as mid-market enterprises move from AI pilots to full-scale, production-grade deployments. Our revenue grew about 30% year-on-year driven by sustained demand for our engineering services and early traction from EXIQO, our AI Studio that integrates AI-native talent, the OptimaAI platform, and a governed delivery framework to deliver measurable gains in engineering velocity. “As highlighted in the Agentic AI 2026 Mid-Market Playbook by Everest Group, over 40% of mid-market enterprises are leapfrogging traditional AI adoption stages to stay competitive, yet only 15% have operationalised agentic AI at scale. This gap presents a significant opportunity. Through EXIQO, we are addressing integration complexity, governance readiness, and legacy constraints that hinder enterprise-wide adoption. Early deployments are already delivering 40-55% improvements in engineering velocity and up to 50% reductions in operational overhead, demonstrating that agentic AI is no longer aspirational, but executable, measurable, and scalable.” “We have entered Q2 2026 with strong deal momentum, a growing client base, and a clear mandate to help clients translate AI ambition into sustained business value.” Nand Sardana, Chief Financial Officer, said: “During Q1CY26, the Company reported revenue of Rs 574 crore and an EBITDA margin of 20%, reflecting a significant improvement driven by enhanced efficiencies and operating leverage from its platform-led model, while maintaining disciplined investments in AI. The full-quarter consolidation of Novigo further strengthened our revenue and margin profile.” “In line with our commitment to consistent shareholder returns, the Company has paid an interim dividend of INR 6 per share (600% of face value) in Q1CY26, reflecting confidence in our sustained earnings trajectory and robust cash generation.” Result PDF