BSE IT Technology Sector Regulatory Filings — October 27, 2026

Consolidated revenue from operations Rs. 982.17 Mn, down about 6% YoY but up about 2.6% QoQ; order intake up 36% QoQ but down 11% YoY; technology programs down 13% YoY

Consolidated PAT attributable to owners swung to a loss of Rs. 21.88 Mn from a profit of Rs. 13.73 Mn YoY; standalone loss after tax of Rs. 24.01 Mn vs. profit of Rs. 9.56 Mn a year earlier

EBITDA turned positive at Rs. 27 Mn from negative Rs. 14 Mn in Q1 FY27, indicating early cost-optimisation traction, though the YoY gain is off a small Rs. 13 Mn base

Employee benefits expense fell to Rs. 348.29 Mn from Rs. 391.20 Mn YoY (about -11%), a key driver of the cost-optimisation narrative

Treasury income dropped to Rs. 41 Mn from Rs. 85 Mn YoY and net other income fell 64% QoQ to Rs. 65 Mn, removing a cushion that previously supported bottom-line results

Leadership change with Anish Sarkar named CEO effective October 14, 2026, plus a new Chief Growth Officer (Bimaljeet Singh Bhasin) tasked with acquisition-led growth; management is signalling a strategic pivot

Half-year consolidated profit attributable to owners Rs. 59.00 Mn vs. Rs. 57.52 Mn a year earlier (roughly flat), with half-year total income down about 0.9% to Rs. 2,243.71 Mn, suggesting H1 resilience masks a weak Q2

Secured a strategic two-year engagement with a large global banking and financial services client, with a one-year extension option and potential value up to USD 100 Mn; LTM positioned as preferred partner for supplier consolidation

Go-live of Crop Protection Core (CP Core) for Syngenta, covering 10,000+ employees across 80 countries on SAP S/4HANA, built on Infosys Topaz and Cobalt; supports deepening AI-led transformation credentials, though no contract value was disclosed

Q2 FY27 / H1 FY27 earnings call scheduled for November 3, 2026 at 9:00 AM IST with ICICI Securities; no financial figures disclosed in the notice, so the call is the key near-term information event

Consolidated revenue from operations down about 6% YoY (Rs. 982.17 Mn vs. Rs. 1,049.45 Mn) and total income down about 10% YoY, with the decline not highlighted in the headline bullets of the Market Notice

Consolidated loss before tax of Rs. 11.38 Mn vs. profit of Rs. 23.47 Mn; operational PBT swung to a loss of Rs. 11 Mn from Rs. 23 Mn in Q2 FY26 and Rs. 70 Mn in Q1 FY27

Depreciation up 43% YoY to Rs. 103 Mn, largely linked to the iamneo Edutech acquisition (70% stake, April 2025), which is weighing on margins while revenue contracts

Exceptional items of Rs. 3.50 Mn in the quarter tied to legacy tax litigation costs, adding to a recurring pattern of legal and non-operating drag

Treasury income fell to Rs. 41 Mn from Rs. 85 Mn YoY (about -52%) and from Rs. 175 Mn in Q1 FY27; loss of this cushion is a material earnings-quality concern

Technology programs down 13% YoY and order intake down 11% YoY, indicating weakening demand even as sequential order intake recovered 36% QoQ

New CEO effective October 14, 2026 coinciding with weak quarterly results and a growth-mandate reorganisation; execution risk around the acquisition-led strategy

Only a call notice was filed with no financial disclosure in the set; investors lack quantitative read on Q2 FY27 performance until the November 3 call

Up to USD 100 Mn two-year strategic deal with an option for a third year; positions LTM as preferred partner in wealth, personal banking and global functions, deepening share of wallet with a major BFSI client

EBITDA swung from negative Rs. 14 Mn (Q1) to positive Rs. 27 Mn (Q2), and employee costs fell about 11% YoY; if cost optimisation holds, operating leverage could lift margins in H2 FY27

Order intake up 36% QoQ provides a sequential demand signal that could support revenue re-acceleration if conversion holds, despite the YoY decline

Appointment of a Chief Growth Officer with an explicit acquisition-led mandate suggests inorganic growth could be used to rebuild revenue; the iamneo acquisition's integration is a precedent to watch

Go-live of a large multi-country SAP S/4HANA programme for Syngenta with AI-driven automation (generative and agentic) strengthens Infosys's reference base in life-sciences and industrial ERP transformations

Use of proprietary Topaz and Cobalt platforms in the CP Core build indicates continued shift toward platform-based, lower-customisation delivery that can improve margins over time

Grant of up to 54,100 RSUs under the 2022 RSU Plan at face-value exercise price (Rs. 10) with 1-4 year vesting supports retention of technical talent in a competitive auto-software market

Within the set, NIIT (mid-cap, education-linked IT) is contracting YoY (-6% revenue, -10% total income) while LTM secures large multi-year BFSI deals, showing that scale and vertical focus are driving divergent growth

NIIT's iamneo acquisition (70% stake, April 2025) is inflating depreciation (+43% YoY) and complicating YoY comparability; six-month periods are not directly comparable, a pattern to watch across acquisitive mid-caps

Infosys CP Core (Topaz/Cobalt, generative and agentic AI) and NIIT's AI offerings reference AI-led automation as a common thread, with the market increasingly rewarding platform-based delivery over bespoke services

NIIT's employee cost reduction (-11% YoY) and EBITDA turnaround, against revenue decline, illustrate the sector-wide reliance on headcount and cost control to protect margins in a slower top-line environment

NIIT's proposed five-year appointment of Price Waterhouse (FRN 012754N/N500016) and routine CSR and governance disclosures (Coforge, KPIT) indicate a steady compliance cadence, with no governance red flags in the filings reviewed

Scheduled November 3, 2026 at 9:00 AM IST with ICICI Securities; key for growth, margin and H1 FY27 guidance, as no financial figures were disclosed in the notice

Monitor whether revenue decline (-6% YoY) narrows, whether operational PBT returns to profit, and what the new CEO Anish Sarkar (effective October 14, 2026) sets out as the growth and M&A roadmap

Price Waterhouse Chartered Accountants LLP appointment for five consecutive years (44th AGM 2027 to 49th AGM 2032) subject to shareholder vote; routine but needs approval at the 44th AGM

Treasury income fell to Rs. 41 Mn (from Rs. 175 Mn in Q1 FY27); track whether further declines compress net other income and push consolidated results deeper into loss

Track revenue contribution from the unnamed global banking engagement (up to USD 100 Mn over two years) and any identification of the client in subsequent disclosures

Watch for any quantified benefit or further reference-wins from the Syngenta CP Core programme, as the press release contained no financial figures

Monitor vesting-linked dilution from the 54,100-option grant and any further equity grants under the 2022 RSU Plan in upcoming filings