Ksolves India Limited — Investor Meet, 28-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Ksolves India's Q3 FY'26 revenue grew 6.6% QoQ to INR42.3 Cr, with YoY growth of 12.2%. EBITDA margin expanded to 32.4% for the quarter. For 9M FY'26, revenue hit INR119.6 Cr, up 14.9% YoY. The 9M EBITDA margin dipped to 29.9% due to strategic investments in events, leadership, and branding, but management expects margins to normalize to ~30% as these investments yield results and event spending reduces.

The company is confident of achieving 20% YoY revenue growth for FY'26, driven by core services, overseas expansion, and existing client growth. They approved a wholly-owned subsidiary in Australia. The Data Flow Manager (DFM) product, now featuring Agentic AI, is in early stages with two clients, showing long-term potential despite conservative near-term revenue expectations. Ksolves remains debt-free with strong cash generation and declared a dividend of INR5 per share. Management's tone is confident on services and cautious yet optimistic on product future.