Q3 revenue misses expectations; no Q4 outlook; margin range narrowed

Management guided margin improvementManagement guided margin pressureOrder pipeline disclosedInvestor Communications View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+0.2%Reaction day

₹503.20

prior close

₹502.60

announcement price

After-mkt

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Nifty Midcap 150marketpendingvs market: pending

Computers - Software & Consulting peers, median of 67sector-0.0%+0.2% vs sector

On the reaction day the stock moved 0.2 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

+0.2

30m

+0.6

Sessions after the filingfrom the prior close

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Reaction day

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Next day

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15d

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UpDownMarket · Nifty Midcap 150Sector · Computers - Software & Consulting peers, median of 67Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Q3 CY26 revenue was $411.9 million, up 1.6% sequentially and 4.3% year on year, but missed expectations due to a large client slowdown and delayed deals. Adjusted operating margin was 13.8%; CY26 guidance was narrowed to 13% to 13.5%. Management gave no Q4 revenue outlook. It targets 250 full-time employees and 1,000 AI architects by mid-2027. A $6 million Netherlands restructuring is expected to lift annual margin by 0.4 percentage points.

Likely market impact

Q3 disappointment and no Q4 outlook may weigh on sentiment, but strong cash flow, no debt and AI-led growth plans support the long-term case.