R Systems International Limited has informed the Exchange about Transcript
RSYSTEMS · price
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R Systems reported Q1 FY26 revenue of INR 574.8 crore ($62.8 million), up 29.9% YoY, with adjusted EBITDA of INR 115.7 crore (20.1% margin) representing 50.6% YoY growth. Adjusted net profit grew 74.8% YoY to INR 75.8 crore with EPS of INR 6.4. The company noted rupee depreciation benefited margins, with EBITDA at 20.1% (approximately 19% without FX benefit). Deliberate utilization reduction to 80.5% was made to invest in AI bench and COE for the 'AI-First' strategy. Approximately 29% of revenue now comes from AI and AI-enabled services. TTM ACV wins stood at $82.5 million. The company launched its EXIQO AI Studio and refreshed its brand positioning. Novigo acquisition is now fully integrated with cross-selling already happening across a dozen deals.
Strong quarterly performance with margin expansion; management guided maintenance of +17% EBITDA range as previously indicated. Organic growth was flat due to Novigo accounting policy alignment and fewer billing days, but deal momentum remains positive with new wins in AI-powered transformation projects.