TECHM

Q1 FY27 Consolidated Results YoY: Revenue at 15712 Cr vs 13351 Cr, up 17.7% (CC growth 6.6%). EBITDA at 2636 Cr vs 2154 Cr, up 22.4%. EBITDA Margin at 16.8% vs 16.1%, expansion of 70bps, 11th straight quarter of expansion; subcontracting costs grew 36.6% vs revenue growth of 17.7%; Other Income swung to -106 Cr vs 218 Cr. PAT at 1465 Cr vs 1141 Cr, up 28.5%. Acquired Avant Techno Solutions for Rs 188 Cr to strengthen BFSI capabilities; deal wins TCV $1,078 Mn, third straight quarter above $1 Bn.