Board clears Q1 FY27 results, MD and CEO resigns, Ketkar named new MD and CEO
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Board approved Q1 FY27 results and key leadership changes. Standalone revenue jumped to 25,669 million from 13,968 million YoY, net profit nearly doubled to 13,636 million, EPS at 156.63. MD and CEO Makarand Padalkar resigns effective end of July 23, 2026. Current CFO Avadhut Ketkar named new MD and CEO for 3 years from July 24. Manish Bhandari, current Chief Accounting Officer, named new CFO. Andrew Morawski added as Non-Executive Director. Q1 also included a one-time license deal worth 9,353 million and 1,151 million severance cost.
Strong Q1 with profit doubling YoY boosted by one-time license deal. Smooth insider-led leadership transition should help continuity for shareholders.