Inventurus Knowledge Solutions (IKS) Q1 26/27 earnings summary

Executive summary

• Achieved 21% year-over-year revenue growth (12% in constant currency) for Q1 FY27, reaching INR 8,936 million, with EBITDA at INR 2,949 million (33% margin), adjusted to 35% excluding one-time TruBridge acquisition costs.

• Closed the strategic acquisition of TruBridge, expanding into the rural and community healthcare market and integrating a large EHR platform.

• Deep client relationships with 450+ enterprise customers and high revenue concentration from top clients, with strong client wins in both traditional and new markets.

• Workforce expanded to 12,889 employees, with a significant focus on clinical and technology roles.

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, were approved and reviewed by the Board and auditors.

Financial highlights

• Revenue grew 21% year-over-year (12% constant currency), with EBITDA at INR 2,949 million (33% margin), adjusted to INR 3,140 million (35%) after excluding INR 200 million in one-time acquisition costs.

• PAT rose 28% year-over-year to INR 1,937 million, with EPS up 30% to 11.6 and ROE at 26.4%.

• Free cash flow yield (adjusted) at 90% for the quarter, with operating and free cash flow up 20.5% and 26.9% year-over-year.

• Top 10 and top 5 customer revenue contributions remained stable, with top 10 at 53.8% and top 5 at 42.1%, and client relationships averaging 5.76 and 7.41 years.

• Consolidated net profit for the quarter was INR 1,625.46 million, with total comprehensive income at INR 1,912.95 million.

Outlook and guidance

• Maintains aspiration for 12%+ constant currency growth in legacy business, with medium-term EBITDA target of INR 3,000 crores by FY 2030 and minimal dilution.

• Medium-term outlook targets 19% revenue CAGR and 39% EBITDA CAGR, with net debt reduction planned.

• TruBridge integration expected to initially lower pro forma EBITDA margin to 26-27%, with a plan to return to early-to-mid 30% margins through operational synergies and tech transformation.

• Significant cross-sell opportunities anticipated in TruBridge’s customer base.

• The acquisition of TruBridge, Inc. for up to US$557 million was completed after the quarter end and will impact future results.