AI systems remained a key growth driver, with revenue from this segment surging 460% YoY and contributing 43% to overall revenue. In contrast, the data centre segment saw a 14% decline in FY26.
For Q4, revenue rose 86.6% YoY to ₹773.7 crore, while adjusted EBITDA increased 71.8% to ₹101.8 crore. However, margins contracted to 13.2% from 14.3% a year ago.
Net profit grew 65.7% YoY to ₹70.5 crore. EBITDA has been adjusted for mark-to-market losses of ₹5.2 crore during the quarter.
On a sequential basis, revenue declined 3.9%, while adjusted EBITDA rose 4%, leading to a margin improvement to 13.2% from 12.2%. Profit after tax, however, slipped 3.7% QoQ.The company’s order pipeline stood at ₹4,431.5 crore as of March 31, 2026, with an L1 pipeline of ₹327.8 crore. The organic order book was ₹472 crore, while large deal orders accounted for ₹1,625.2 crore.
For FY26, revenue nearly doubled, rising 90% YoY to ₹2,183 crore, while adjusted EBITDA grew 82.4% to ₹290 crore. Margins edged lower to 13.3% from 13.8% in the previous year, even as net profit increased to ₹205.8 crore from ₹113.7 crore.
On the customer mix, government clients contributed 42.8% of revenue, while non-government customers accounted for 57.2%.
Speaking to CNBC-TV18, the management said it expects revenue growth of 30-35% in FY27, factoring in a high base.
The company will continue to announce strategic orders as and when they are secured.
Inventory days have increased due to challenges around memory and chip availability, and are expected to remain elevated at around 80 days.
