reported total income of ₹1,187.3 crore and operating revenue of ₹1,056.2 crore in Q1 FY2026. EBITDA stood at ₹159.7 crore with margins improving 169 bps YoY to 13.5%. Sequentially, revenue fell from ₹1,161 crore in Q4 FY2025 due to seasonal softness and customer ramp-downs. The company posted a negative PAT of ₹46.3 crore from continuing operations but a total PAT of ₹11.2 crore including discontinued operations. HGS is prioritizing margin expansion over topline growth, with a 5-year transformation plan to become an AI-enabled intelligent experiences company. In its media arm, NXTDIGITAL posted a ₹38.8 crore loss versus a ₹30.5 crore profit last quarter, impacted by ₹30 crore in unbilled marketing deals and higher content costs. HGS retains a robust balance sheet with ₹7,980 crore net worth and ₹5,140 crore cash surplus.

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