Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 consolidated revenue INR4,396 Cr +15% y-y, adjusted EBITDA INR92 Cr +20%, margin 2.1%, PAT INR75 Cr +44% - H1 FY27 revenue INR8,578 Cr +15%, adjusted EBITDA INR178 Cr +22%, PAT INR157 Cr +53%, ROE expanded to 25% - General Staffing revenue INR3,823 Cr +15%, EBITDA INR57 Cr +23%, 21,000 net associate additions - Professional Staffing revenue INR254 Cr +13%, EBITDA INR27 Cr, margin ~11%, investments in tech and sales ongoing - Overseas revenue INR318 Cr +10%, EBITDA INR22 Cr +23%, margin improved to 6.9% - Technology initiatives include AI-led sourcing (Brain), query management (QMS), and integrated client platform - Labour Code one-time revenue INR298 Cr in H1, no material impact expected in H2 - Net cash position INR471 Cr; interim dividend INR5/share approved - Management confident on sustainable growth, margin expansion, and digital platform profitability