R Systems International Ltd

Cessation Details

• Piyush Jain, Company Secretary & Compliance Officer (KMP), resigned Aug 24, 2026 to pursue career outside organization.

Capital / Securities

• Allotted 3,270 equity shares of INR 1/- each on exercise of 3,270 RSUs under MIS Plan 2023.
• Post-allotment paid-up capital stands at INR 118,495,958/- comprising 118,495,958 shares.

Financial Performance

• Q2 revenue Rs 601.7 crores; YoY 30.2%, QoQ 4.7% in rupees.
• Adjusted EBITDA Rs 120.7 crores; 20.1% margin; YoY +51.4%.
• Adjusted net profit Rs 62.9 crores; 10.5% of revenue; YoY +35.4%.
• Adjusted EPS Rs 5.3; YoY +35.3%.
• H1 revenue Rs 1,176.5 crores; YoY 30.1%.
• H1 adjusted EBITDA Rs 236.4 crores; 20.1% margin; YoY +51%.
• H1 adjusted net profit Rs 138.7 crores; 11.8% margin; YoY +54.4%.
• H1 EPS Rs 11.7; YoY +54.3%.

Geography & Client Mix

• Geographic mix: Americas 71.5%, APAC 15.3%, Europe 9.7%, MEA 3.6%.
• Top client revenue share is 6%; top 10 clients 24.4%.
• Utilization around 80.5–81%; DSO about 55–56 days; billed+unbilled ~75 days.
• ACV trailing twelve-month bookings: $82.9 million in Q2; $82.3 million in Q1.

AI Wins & Portfolio

• Wins across telecom, fintech GCC, insurer AI offerings, CRM modernization, and ad-tech modernization.
• Novigo acquisition boosted growth; integration completed by Q1.
• EXIQO AI Studio launched; AI-first differentiation reinforced.
• Horizon 2 GCC Accelerator recognition by HFS.
• ACV wins imply revenue velocity; market adoption accelerates AI-led delivery.

Costs, FX & Tax

• SG&A rose Rs 23.8 crores to Rs 115.3 crores; driven by sales and marketing.
• RSU cost Rs 6.2 crores; Rs 6.4 crores last quarter.
• Depreciation and amortization Rs 22 crores; Rs 10.6 crores intangible capitalization.
• Interest expense Rs 9.5 crores; last quarter Rs 9.6 crores.
• Other income negative Rs 87 lakh; hedge accounting caused Rs 18.04 crores OCI loss.
• Exchange loss Rs 2.1 crores; rupee depreciation boosted EBITDA; closing rate 94.84.
• Tax expense Rs 24.94 crores; effective tax ~31%; normalized 28–29%.
• Net profit after tax Rs 55.6 crores; Basic EPS Rs 4.69; Adjusted EPS Rs 5.3.

Outlook & Guidance

• No formal year guidance; trailing numbers indicate momentum.
• ACV growth supported by better pipeline and deal sizes; conversions in H2 uncertain.
• Biannual wage hikes completed; impact in results.
• Data, AI and cloud revenue share above 50%; AI-led growth focus.
• No significant headcount rise; productivity gains from AI-led delivery.
• ACV wins show revenue velocity in near term; mix improving in H2.
• Wallet share in top 50 clients rising; AI-led modernization expanding.
• Acquisitions: organic plus inorganic growth; Novigo integrated; opportunistic accretive targets.
• Acquisition pace remains selective to protect margins.

Item 1: Kekre Independent Director

• Special Resolution to appoint Shailesh Kekre as Independent Director for five years (29 Jun 2026–28 Jun 2031).

Item 2: Singh Independent Director

• Special Resolution to appoint Sangeeta Kapil Jit Singh as Independent Director for five years.

Item 3: Balachandran Independent Director

• Special Resolution to appoint Srikanth Balachandran as Independent Director for five years.

Item 4: Damani Non-Executive Director

• Ordinary Resolution to appoint Pranav Damani as Non-Executive Director.

Item 5: Independent Directors' Commission

• Ordinary Resolution to pay commission to Non-Executive Independent Directors within 1% of net profits for five years.

Result timing

• Postal ballot results announced by September 14, 2026.

Meeting Details

• Aug 13, 2026; One-on-One/Group; Physical—Mumbai; Equirus Annual India Conference.
• Aug 14, 2026; One-on-One/Group; Physical—Mumbai; Emkay Confuence 2026 – India: Full Throttle Ahead.

Participants

• Company Secretary and Compliance Officer listed as the corporate participant.
• Attendees' names not disclosed in filing.

Purpose

• Investor/analyst interactions to discuss updates and expectations.