Mumbai, May 7 -- Profit before tax (PBT) rose 57.99% year-on-year to Rs 89.63 crore during the quarter ended 31 March 2026.

Adjusted EBITDA stood at Rs 115.7 crore (US$12.6 million) in Q1 2026, registering a year-on-year growth of 50.6%. EBITDA margin improved to 20.1% in Q1 2026 compared with 17.4% in Q1 2025.

Cash and bank balances, net of short-term borrowings, stood at Rs 249.7 crore as of 31 March 2026 compared with Rs 272.6 crore as of 31 December 2025. Total equity attributable to shareholders stood at Rs 1,037.2 crore as of 31 March 2026 compared with Rs 1,032.3 crore as of 31 December 2025.

Nitesh Bansal, managing director and CEO, stated, "Q1 2026 underscores the momentum we have built as mid-market enterprises move from AI p...