Hinduja Global Solutions (HGS) Q1 25/26 earnings summary

Executive summary

• Q1 FY2026 operating revenue was Rs. 1,056.23 crore, EBITDA Rs. 159.7 crore at a 13.5% margin, and consolidated PAT Rs. 11.16 crore.

• Margin expansion and a shift toward digital, AI-enabled operations remained priorities amid macro volatility, seasonality and client ramp-downs.

• Added 18 digital CX logos and 14 HRO/payroll clients, and expanded core CX and digital engagements with 65 existing clients.

Financial highlights

• Operating revenue was Rs. 1,056.23 crore versus Rs. 1,091.92 crore YoY and Rs. 1,161.1 crore in Q4 FY2025; total income was Rs. 1,187.3 crore.

• EBITDA was Rs. 159.7 crore versus Rs. 143.4 crore YoY and Rs. 279.2 crore in Q4 FY2025; margin was 13.5%.

• Consolidated PAT was Rs. 11.16 crore, including Rs. 57.5 crore from discontinued operations; continuing-operations PAT was a loss of Rs. 46.33 crore.

• Depreciation was Rs. 128.3 crore and interest expense Rs. 57.9 crore; operating expenses were Rs. 1,027.5 crore.

Outlook and guidance

• Digital and Digital Operations accounted for nearly 60% of the Americas pipeline; another estimate put digital services above 55% of the regional order pipeline.

• Priorities include BFSI, Retail & CPG, Healthcare and UK public sector, with a mid-market focus, consultative sales and vertical PaaS development.

• Strategy centers on intelligent experiences, integrating technology, data and human empathy; digital and AI-enabled operations are expected to support a higher-quality revenue mix.

• A new AI-powered Digital CX and Data Innovation Hub opened in Waterloo, Canada.