ESDS Software Solution Limited FY26 Revenue Rises 30.68%

ESDS Software Solution Limited reported FY26 revenue from operations of ₹4,722.10 million, a 30.68% increase, while profit after tax more than doubled to ₹1,208.23 million. The company filed its FY26 annual report and called its 21st Annual General Meeting for November 30, 2026, following its September listing on the BSE and NSE.

What did ESDS report for FY26?

ESDS reported consolidated revenue from operations of ₹4,722.10 million for FY26, supported by growth across managed services, Infrastructure-as-a-Service and Software-as-a-Service. EBITDA rose 51.23% to ₹2,342.34 million, and the EBITDA margin improved to 49.60%.

Profit after tax reached ₹1,208.23 million, more than twice the prior-year level according to the annual-report disclosure. International markets contributed 25.51% of revenue, indicating a material contribution from operations outside India during the year.

The company also disclosed standalone financial results. Standalone revenue from operations increased 5.8% to ₹3,781.17 million in FY26 from ₹3,574.28 million in FY25. Standalone profit after tax rose 2.3% to ₹621.49 million, while standalone EBITDA was ₹1,567.50 million.

The distinction between consolidated and standalone numbers is important for investors. Consolidated results include the financial contribution of the group, whereas standalone figures cover ESDS Software Solution Limited on its own.

Which business lines drove ESDS revenue growth?

Managed services was the fastest-growing reported segment, with revenue increasing 157.22% to ₹1,945.91 million in FY26. ESDS attributed this growth to new customer acquisitions, including ₹752.40 million from a new enterprise customer outside India.

Infrastructure-as-a-Service revenue increased 1.75% to ₹2,071.97 million. Software-as-a-Service revenue was ₹704.22 million. Together, these three disclosed business lines add up to the company’s reported consolidated revenue from operations of ₹4,722.10 million.

Customer additions also expanded the company’s operating base. ESDS served 2,501 customers in FY26, compared with 1,714 in FY25, representing an addition of 787 customers during the year.

The annual report also highlighted a contract signed on March 31, 2026 for AI cloud infrastructure in Australia involving about 8,208 NVIDIA B300 GPUs. The total contract value was stated at about $1,250 million, with ESDS expecting revenue recognition to begin from the third quarter of FY27.

How has ESDS financial performance changed since FY24?

ESDS stated that revenue grew at a compound annual growth rate of 28.38% between FY24 and FY26. Over the same period, EBITDA margin expanded by 1,404 basis points and profit after tax increased nearly ninefold.

The balance-sheet position disclosed in the annual report also showed lower leverage. The standalone debt-equity ratio declined to 0.08 in FY26 from 0.66 in FY24. This indicates that debt was lower relative to equity than it had been two years earlier.

The FY26 performance came in a year when the company completed its initial public offering. ESDS raised ₹7,200.00 million through the issue of 16,783,216 equity shares at ₹429 each, and its shares were listed on BSE Limited and the National Stock Exchange of India Limited on September 4, 2026.

For shareholders, the annual report places the growth figures alongside post-listing governance and capital-market actions. The disclosed revenue mix also shows that managed services and international customer wins were significant contributors to consolidated growth.

What will shareholders vote on at the ESDS AGM?

Shareholders will consider the adoption of FY26 financial statements and resolutions relating to employee stock option plans at the 21st Annual General Meeting. The meeting is scheduled for November 30, 2026, and will be held through video conferencing.

ESDS has also placed before shareholders the post-listing ratification of pre-IPO employee stock option plans. The agenda includes the re-appointment of a director, as disclosed in the AGM notice.

Remote e-voting will be available through MUFG Intime from November 26 to November 29, 2026. The cut-off date for determining shareholder voting eligibility is November 23, 2026.

The AGM agenda is relevant because it combines routine approval of the annual accounts with resolutions connected to employee equity plans after the IPO. The annual report does not disclose an outcome, as shareholder voting is scheduled after the filing date.

Conclusion

ESDS delivered higher consolidated revenue, EBITDA and profit in FY26, with managed services providing the largest disclosed growth contribution. The increase in customers, overseas revenue contribution and lower standalone debt-equity ratio provide context for the company’s financial performance in its first reporting cycle after listing.

The next disclosed milestones are the remote e-voting period from November 26 to November 29, 2026, and the AGM on November 30, 2026. Investors will also watch for the expected commencement of revenue recognition from the Australian AI cloud infrastructure contract in the third quarter of FY27.