R Systems Posts Nearly Thirty Per Cent Revenue Growth In Q1 2026

11 May 2026 CW Team

R Systems International Limited (R Systems) reported consolidated revenue of Rs 5,748 million (mn) for the quarter ended March 31, 2026, representing year-on-year growth of 29.9 per cent in rupee terms and 22.9 per cent in US dollar terms. Adjusted EBITDA was Rs 1,157 mn, or 20.1 per cent of revenue, and adjusted net profit after tax was Rs 758 mn, indicating margin expansion. Results reflected full-quarter consolidation of Novigo, which management said strengthened revenue and margins.

Executives said the quarter reflected accelerating demand as mid-market enterprises moved from AI pilots to production deployments, with growth driven by engineering services and early traction from EXIQO, the group's AI studio and the OptimaAI platform. Management said EXIQO addressed integration complexity, governance readiness and legacy constraints and that early deployments were delivering 40 to 55 per cent improvements in engineering velocity and up to 50 per cent reductions in operational overhead. The company said it entered the second quarter with strong deal momentum and a growing client base.

CFO commentary noted revenue of Rs 5,740 mn for the quarter and an EBITDA margin of 20 per cent, attributing improvements to operating leverage and platform-led delivery. The company declared an interim dividend of Rs six per share, equivalent to 600 per cent of face value, and cited disciplined investment in AI. Cash and bank balances net of short-term borrowing were Rs 2,497 mn and total equity attributable to shareholders was Rs 10,372 mn as of March 31, 2026.

Notable client engagements covered custom APIs, unified data foundations, large scale application modernisation and hybrid cloud migration across technology, financial services and life sciences clients. The firm said it employed more than 5,300 technology staff across 22 development and service centres and continued to focus on cloud, automation, AI and analytics to drive customer outcomes.

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