• Q1 Financial Performance: Revenue grew 5.9% quarter-on-quarter and 34% year-on-year to ₹1,664 crore, while net income rose 11% quarter-on-quarter to ₹181 crore.
• Deal Wins and Delivery: Growth was supported by a 5-year, $100 million deal with Tenneco and full vehicle programs, alongside an increase in India-delivered work from 60% to 66% year-on-year to drive margins.
• Revenue Diversification Targets: Automotive accounts for 81% of revenue, while aerospace and industrial heavy machinery expanded to 19%, with management targeting a 70-30 split in favor of automotive over the next 3 to 5 years.
• Organic Growth Guidance: Management expects strong double-digit growth in the coming quarters, aiming to match or exceed historical FY22–FY24 growth rates as client spending recovers.
• Service Capability Shift: Services have shifted toward higher-complexity technology, with embedded electronics, software, digital, and AI contributing 56% of services revenue in Q4.