Newgen FY26 results: Annuity mix rises as margins hold

Revenue from operations in FY26 was INR 15,744.0 million (INR 1,574.4 crore), a 5.9 percent YoY increase versus FY25.

Annuity revenues were INR 9,684 million (INR 968.4 crore), contributing 62 percent of FY26 revenues.

US geography revenue in FY26 was INR 3,691 million (INR 369.1 crore), with management stating 17 percent YoY growth.

FY26 EBITDA was INR 4,058 million (INR 405.8 crore). PAT excluding exceptional items was INR 3,343 million (INR 334.3 crore); reported PAT was INR 3,005.8 million (INR 300.6 crore).

Management highlighted slower large deal closures in India and EMEA, geopolitical uncertainty in West Asia impacting closures and collections, and higher debtor days (164 as of Mar-26).

Management did not provide numeric FY27 guidance and indicated it would wait for one or two quarters for clearer market visibility, while stating the pipeline remains strong and deferred revenues support visibility.