The management discussion and analysis present the industry overview, opportunities and threats, initiatives by the Company and overall strategy of becoming a market driven Service Provider of a range of offerings. The company is very optimistic of capturing a substantial share of global and domestic market in the midst of the threats faced due to the liberalization and increased competition from well established companies from India and abroad.
FY 2026-27 begins against a backdrop of divergent performance within the Indian IT/ITeS sector. Sectorwide, FY26 was characterised by muted to mid-single-digit constant-currency growth for large-cap providers, while select mid-cap players delivered materially stronger growth, alongside a clear pivot toward AI-led transformation, agentic delivery models and productivity-linked pricing, accompanied by margin-defense programs amid wage and labour-code impacts and client decision delays. This divergence underscores a widening gap between scale-led incumbents and agile, specialised mid-sized providers capable of moving faster on AI-native delivery, an environment in which the Company is well positioned given its niche, technology-led service model.
Globally, worldwide IT spending is expected to reach USD 6.31 trillion in 2026, up 13.5% from 2025, according to Gartner (April 2026), driven by sustained momentum across AI infrastructure and software. This reinforces the structural shift toward AI-enabled platforms, digital engineering, and services-led transformation, with enterprise spending remaining resilient and increasingly focused on outcome-driven, high-impact initiatives despite prevailing macroeconomic uncertainty. According to the International Monetary Fund (IMF), global growth is estimated at 3.4% in 2025 and is projected to moderate to 3.1% in 2026, before recovering marginally to 3.2% in 2027. While inflationary pressures are gradually easing and financial conditions remain broadly supportive, business sentiment continues to be influenced by elevated policy uncertainty and the risk of renewed trade disruptions.
Enterprise technology budgets continue to prioritise cloud modernisation, data platforms and applied AI, translating into sustained deal flow for providers with strong domain and engineering depth. Leading and mid-tier Indian providers alike have leaned into AI-native positioning during the year, framing AI as foundational to how services are designed, built and delivered, while running margin-defense initiatives to offset wage inflation and cost pressures.
Despite this momentum, global growth remains tempered by geopolitical uncertainty, tariff-driven cost pressures and continued caution in discretionary technology spending across key Western markets, particularly in matured banking and BFSI portfolios where captive/GCC expansion by clients has added competitive intensity for traditional outsourced delivery models.
The Indian technology industry crossed the USD 300 billion revenue milestone for the first time in FY26, marking a shift, in NASSCOMs framing, from scale-led growth towards value and innovation. Industry revenue, including hardware, is estimated to reach USD 315 billion, marking a 6.1% year-on-year growth over the revised FY25 figure of USD 297 billion. Exports are estimated to exceed USD 246 billion, growing 5.6% while domestic technology demand expanded by a stronger 7.9%, and growth in the APAC and Middle East regions outpaced the mature geographies.
Net hiring moderated relative to revenue growth, with the industry adding approximately 135,000 employees, taking the total workforce to nearly 6 million, a 2.3% increase over the previous year. This reflected a structural shift in hiring, from volume-led recruitment towards a skill-mix approach that prioritises AI fluency, problem solving and domain expertise, with more than two million professionals upskilled in AI during the year. Global Capability Centres (GCCs) and Engineering, Research & Development (ER&D) continued to act as primary growth engines, complemented by contributions from the BFSI, retail and healthcare sectors.
AI-linked revenues across the sector are estimated at USD 10-12 billion for FY26, still a modest proportion of overall industry revenue but scaling quickly as providers move from pilots to commercially deployed, outcome-linked engagements. Providers are increasingly re-engineering commercial models, shifting away from pure FTE-based delivery toward outcome-based and risk-sharing constructs as AI-driven productivity gains materialise - a trend with direct relevance to mid-sized providers such as the Company, as enterprise clients recalibrate vendor pricing and engagement structures around measurable business outcomes rather than headcount. The industrys continuing focus on Human plus AI delivery models, structured upskilling and productised AI offerings is expected to define competitive positioning through FY27, placing a premium on specialised, high-productivity talent over pure scale.
Indias macroeconomic backdrop remains constructive, supported by continued public infrastructure investment, resilient domestic services activity and a stable consumption base, even as global trade softness, commodity price volatility and monetary policy uncertainty in key export markets warrant continued vigilance. For FY27, technology spending growth is projected to remain in the range of 5% to 7%, as AI investment moves from experimentation towards industrial scale. With a robust foundation, deepening AI capability and a clear pivot towards value and innovation, the Indian technology industry remains positioned for sustained growth and global leadership.
Ksolves India Limited is a globally trusted IT services and solutions provider with over 14 years of proven expertise in driving digital transformation across industries. Headquartered in India and publicly listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), Ksolves brings together innovation, scalability, and reliability to deliver future-ready solutions tailored to evolving business needs. With offices in India, USA, UAE and Australia, we serve clients across 30+ countries, helping enterprises accelerate growth, improve efficiency, and strengthen their competitive edge. Supported by 600 skilled professionals, Ksolves has expanded its offices in Noida and Pune and recently established a new office in Dubai, which is strengthening its global presence as a trusted partner for digital innovation.
Backed by a proven legacy of delivering business-focused technology solutions, we are well-positioned to continue our journey as a trusted partner for digital innovation worldwide. To guarantee uncompromising quality in every engagement, Ksolves is CMMI Level 3 certified and adheres to globally recognized ISO standards, underscoring our commitment to delivering secure, reliable, and high-performing solutions. Recognized by the Deloitte Technology Fast 50 India 2024, Dun & Bradstreet Recognition-Leading SMEs of India 2024, and the NASSCOM Impact Award-Growth Leadership in Tech Products & Platforms (B2B) 2025, Best ERP Implementation Partner (Odoo) India 2025 Ksolves continues to build lasting partnerships by combining creativity, technology, and business strategy.
We specialize in next-generation digital services spanning Artificial Intelligence, Machine Learning, Big Data, Salesforce, Cloud Computing, Odoo, ERPNext (Frappe), Digital Transformation, Data Analytics, and DevOps. From Healthcare, BFSI, and EdTech to Retail, Logistics, Real Estate, Telecom, and Life Sciences, we empower organizations with transformative solutions that address complex business challenges. Over the years, Ksolves has built impactful, industry-specific applications, including healthcare record management systems, IDX/MLS-integrated real estate solutions, ERP and e-commerce modernization, location-based taxi booking apps, and CRM platforms powered by Salesforce. Each solution embodies our philosophy of blending creativity, innovation, and business strategy to deliver cost-effective, scalable services that allow clients to focus on their core strengths while we manage their technology transformation.
Alongside our custom IT solutions, Ksolves has developed a range of AI-driven flagship products that are redefining enterprise technology. Our portfolio includes Dashboard Ninja, Data Flow Manager, SMS Ninja, Mind AI Ninja, and specialized applications for Big Data, Salesforce, ERPNext and Odoo ecosystems. These innovations empower organizations with real-time insights, automation, enhanced security, and seamless integrations, ensuring measurable impact across operations. Designed to accelerate decision-making and drive operational excellence, our products embody our vision of delivering technology that works smarter for businesses.
Looking ahead, Ksolves is investing significantly in next-generation technologies such as Generative AI, Apache NiFi, and Apache Kafka to power enterprises of the future. By integrating intelligent automation, scalable architectures, and advanced analytics, we are equipping businesses with the tools to thrive in an increasingly digital-first world.
Ksolves leverages its expertise, skilled talent, and innovation-driven approach to deliver measurable business growth and outcomes. By combining technology with efficiency and scalability, we enable enterprises to accelerate digital transformation with confidence. With a growing global presence, our vision is to help businesses embrace change, unlock opportunities, and shape a future defined by intelligence, resilience, and sustainable success.
| Metric | Value |
| Years Of Service | 14+ |
| Headcount | 600+ |
| Happy Clients | 225+ |
| Countries Served | 30+ |
| Revenue by Repeat Customers | 82%+ |
| Top 10 Client Contribution | 54% |
| ROCE (FY26) | 152% |
| ROE (FY26) | 137% |
We have matured partnerships with top names like Salesforce, Odoo, ERPNext, Adobe and RedHat. We share a strong symbiotic relation with our partners and we create innovative solutions for our customers.
Ksolves has got a strong presence and highly skilled workforce in high end and niche technology verticals like Big Data, Machine Learning, Artificial Intelligence, Salesforce, Odoo, DevOps, Penetration Testing, etc. We are committed to invest heavily in developing new skills into these and the emerging technology verticals and be ahead of the competition.
Salesforce Products:
? SMS Ninja
? RollUp Magic
? Google Analytics Connector
? Ksolves CRUD Magic
? Ksolves Event Reminder
Odoo Products:
? Dashboard Ninja with AI (#1 App on Odoo Store - AI-Powered Reporting Dashboards, Ready in Minutes)
? Odoo SaaS Toolkit (One-Click Odoo Deployment - Turn weeks of DevOps work into minutes!)
? Odoo WooCommerce Connector with AI
? Arc Backend Theme
? Access Manager Ninja
? Odoo Shopify Connector with AI
? Dynamic Financial Report
Other Products:
? Mind AI Ninja
? Data Flow Manager
We have long-standing relationships with our customers across the world. This is, in part, due to the high criticality of our products & services and technical knowhow to many of our customers business needs. We establish long-term relationships with our customers for multi-layered engagement with various departments and divisions of the customers organizations. Our broad range of product and service offerings helps us to cross-sell to our existing customers as well as acquire new customers. We also conduct regular senior management reviews with our key customers to engage with them for feedback and future opportunities.
We combine our comprehensive range of product and service offerings with industry-specific expertise to provide tailored solutions to our customers across business verticals, industries and geographies. Our commitment to customer satisfaction enables us to strengthen our relationships. We offer direct support to our customers and channel partners through a large global support and implementation team, resulting in quick turn-around and resolution of issues. Specialized centers of excellence have been set up for certain products and solutions to guide and train both implementation partners and customers on best practices for effective and quick implementations.
Our Company is promoted by Mr. Ratan Kumar Srivastava and Mrs. Deepali Verma, who individually have more than 20 years of experience each. Having gained experience with technology companies like Tech Mahindra, Birlasoft (India) Limited, HSBC and Persistent Systems, Mr. Ratan Kumar Srivastava ideated the incorporation of Ksolves in 2014. He was supported by Mrs. Deepali Verma, who has vast experience in setting up business and handling overall finances. The Board is further supported by a team of well-experienced and qualified personnel. We believe that our management teams experience and understanding of the IT industry, specifically in Telecom, BFSI, EduTech, Real Estate, E-commerce, and Healthcare, will enable us to continue to take advantage of both current and future market opportunities, and to address and mitigate various risks inherent in our business.
Ksolves derives revenue from a well-diversified global client base spanning North America, Europe, the Middle East, Australia, and India. This geographical spread reduces concentration risk, enables us to tap into region-specific digital priorities, and ensures that our business model remains resilient against localized demand fluctuations. Global delivery also keeps us closely aligned with the latest technology shifts, strengthening our ability to deliver cutting-edge solutions.
We are focused on driving innovation and adopting solutions in line with rapidly evolving technological trends. Our inherent culture of innovation has enabled us to develop a track record of product innovation, expand the range of our offerings and improve the delivery of our products and services. We have a dedicated team of skilled individuals with technical background and domain expertise in each of our industry verticals with a focus on evolving technologies. These teams follow a structured innovation and solutions development process and work with delivery functions to identify the key concerns of our customers and generate solutions, ideas and concepts to address such concerns.
We believe that our culture of innovation has enabled us to grow and retain our customer relationships and successfully achieve process and productivity improvement for our customers. This has enabled us to continuously expand and diversify our product and service offerings, as well as to maintain our competitiveness.
Our customers have used our platform to build diverse applications in many sectors. We possess multi-vertical industry expertise and target a broad spectrum of services in our business and product offerings. This has helped us build solution frameworks which are enriched with domain knowledge from the relevant sector and subject matter experts across several industries. These frameworks have been built on our platform and are scalable and adaptable based on a particular customers unique and constantly evolving business needs.
Our business model is order driven, and comprises of optimum utilization of our existing resources, developing linkages with expertise of our development team and achieving consequent customer satisfaction. We believe that this business model has proved successful and scalable for us in the last few financial years. We can scale by venturing into different sectors where technologically advanced management is required and also by providing better products and solutions in the sectors that we already have presence in. The business scale generation is basically due to the development of new markets both international and domestic, innovation in the product range and by maintaining the consistent quality of the products and services.
Macroeconomic Headwinds: Inflation, tariff actions and macro uncertainty in key client geographies continue to pressure enterprise technology investment decisions and lengthen sales cycles.
Cybersecurity & Third-Party Threats: Cyberattacks that breach our network may adversely affect our operations or result in significant client SLA impact or penalties.
Cloud & SaaS Risks: Misconfigurations, shadow IT, unmonitored SaaS proliferation, and cloud spend overruns can impact cost structure, data security, and compliance posture.
Regulatory & Ethical Technology Use: Increasing regulation around data privacy and responsible AI use intensifies compliance complexity and cost.
Talent & Workforce Dynamics: Competition for niche digital engineering skills (AI, cloud, data) remains intense; balancing hybrid/office models for junior talent while maintaining utilization and delivery velocity remains a key challenge.
Employee Retention Risk: Despite maintaining an attrition rate of 16% in FY25-26, employee retention continues to be a business risk that impacts cost, delivery continuity, and knowledge retention, making sustained focus on engagement and HR policies essential.
Retaining top talent and individuals with specialized skills presents challenges for the company. Higher attrition rates can impact the overall cost of operations and harm the companys reputation. Nevertheless, these challenges have been addressed through our people-focused approach and HR policies. The company successfully managed attrition last year by implementing a range of measures.
The implementation of partial work from home arrangements presents potential challenges regarding productivity loss and associated risks in cybersecurity and data protection. The company is actively monitoring productivity issues and security concerns that may arise from the remote work setup. Appropriate policies are in effect to adapt to the evolving business and work models. The company has established systems and processes to address these challenges effectively. Additionally, continuous employee communication and change management efforts are in place to ensure a smooth transition and ongoing adaptation to the new work environment.
Businesses facing challenges and cost pressures may seek to negotiate for more competitive pricing, which can put additional strain on profit margins. Moreover, meeting customer demand within shorter lead times can result in higher resource costs, impacting profitability. Delayed fulfillment of orders can also lead to revenue loss. To mitigate these risks, cost optimization strategies such as cloud deployment, increased automation, offshoring, and adjusting the resource profile may need to be implemented, in consultation with the customer. The business will provide demand forecasts to facilitate proactive supply planning and ensure adequate resource fulfillment. Additionally, the company is leveraging a Hire-Train-Deploy model to address high-volume and new-age skill requirements, while also prioritizing the reskilling and upskilling of existing employees.
There are inherent risks associated with data theft, non-compliance with information security requirements, and cyber attacks. Unauthorized use or disclosure of employee, company, or customer data can result in breaches of customer contracts, regulatory fines/penalties, and damage to the companys reputation. To address these risks, the company has implemented data protection controls such as encryption and data leakage prevention, as well as deployed cyber security tools like firewalls and antivirus software to prevent cyber attacks and data exfiltration. User awareness and supplier risk management practices are rigorously enforced to ensure effective implementation of data security controls. The security controls are continuously monitored and thoroughly assessed. Additionally, the company has implemented mandatory trainings and comprehensive awareness measures throughout the employee life cycle to promote a strong security culture.
We experience intense competition in our services and see a rapidly-changing marketplace with new competitors arising in new technology areas who are focused on agility, flexibility and innovation. We typically compete with other players, global technology service providers in response to requests for proposals. Clients often cite our industry expertise, comprehensive end-to-end service capability and solutions, ability to scale, digital capabilities, established platforms, superior quality and process execution, distributed agile global delivery model, experienced management team, talented professionals and track record as reasons for awarding us contracts.
In future, we expect intensified competition. In particular, we expect increased competition from firms that offer technology-based solutions to business problems and from firms incumbent in those market segments. Additionally, insourcing of technology services by the technology departments of our clients is another ongoing competitive threat.
Ksolves India Limited continues to strengthen its position as one of the fastest-growing organizations in the IT services sector by implementing a forward-looking and comprehensive business strategy. Our approach is designed to balance predictable growth, operational efficiency, and innovation, while enabling us to deliver measurable value to clients across industries and geographies.
A key element of our strategy is the transition towards project-based, fixed-cost engagements. This shift enhances predictability, provides greater control, and reduces dependency on manpower fluctuations. Fixed-cost projects also allow us to align more closely with client expectations while ensuring long-term stability in revenues. Complementing this move is a strategic pipeline of large turnkey projects that provide clients the flexibility to scale resources as per their requirements. Our sales team, equipped with deeper industry knowledge and enhanced client engagement capabilities, is leading this transformation with confidence, ensuring stronger client relationships and repeat business opportunities. While global economic factors such as tariffs and regional policy shifts influence conversion timelines, our sales cycle remains resilient. Seasonal slowdowns, especially during holiday months, are balanced by renewed momentum in subsequent quarters, allowing us to maintain steady growth throughout the year.
In parallel, we are making significant investments in performance marketing and lead generation to accelerate customer acquisition and expand global reach. Targeted Google and LinkedIn campaigns are driving enhanced brand visibility and engaging key decision-makers across industries. These efforts are reinforced by the development of data-driven, repeatable sales funnels that ensure a consistent flow of qualified leads, supporting both immediate business wins and long-term expansion.
Our growth strategy is supported by four critical drivers. First, increased utilization has enabled us to maximize resource efficiency, improving operating margins while ensuring delivery excellence. Second, we continue to make smart investments in building top-class teams, including onshore presence and client management resources, ensuring closer collaboration with our customers. Third, we are expanding our technology partnerships, which serve as quality assurance frameworks and enhance our credibility in front of existing and prospective clients. Finally, strong client relationships remain at the core of our growth. Our accountability-driven culture positions Ksolves not just as a vendor but as a trusted development partner, reflected in consistently high client satisfaction and repeat engagements.
Digital transformation remains at the heart of our strategy. We are enabling clients to modernize operations, enhance efficiency, and improve customer experiences by integrating automation, process optimization, and innovative digital solutions tailored to diverse industry requirements. Our frameworks are designed to accelerate transformation journeys and deliver sustainable value.
Artificial Intelligence and Machine Learning are increasingly central to enterprise success, and Ksolves is well-positioned to lead this shift. By leveraging cutting-edge AI, including innovations in Generative AI, we deliver scalable, data-driven solutions that embed intelligence into enterprise workflows. This empowers clients with deeper insights, sharper decision-making, and new pathways for business growth.
Strategic alliances remain a cornerstone of our growth model. By collaborating with industry leaders, we are enhancing service capabilities, entering new markets, and delivering integrated, end-to-end solutions that align with the evolving priorities of global enterprises. These alliances amplify our reach while reinforcing Ksolves position as a trusted partner for digital transformation.
We focus on scaling with evolving technologies and Generative AI to reduce costs, enhance efficiency, and optimize resources for sustainable business growth. Our strategy reflects a balanced, future-ready approach, combining predictable delivery models, robust sales pipelines, data-driven marketing, and strategic investments in people and technology. By embracing digital transformation, advancing AI-led innovation, and fostering global partnerships, Ksolves is building a resilient business model designed to navigate external challenges while delivering sustainable growth, elevated client satisfaction, and long-term shareholder value.
| Particulars | Category / Segment | FY26 |
| Revenue by Business (%) | IT Services | 97.6% |
| IT Products | 2.4% | |
| Revenue by Industry (%) | Telecom | 27.7% |
| Services* | 19.8% | |
| Information Technology | 17.7% | |
| Retail | 7.4% | |
| BFSI | 6.5% | |
| Manufacturing | 5.8% | |
| Healthcare | 5.0% | |
| EduTech | 4.6% | |
| Real Estate | 3.1% | |
| Marketing and Advertising | 2.5% | |
| Revenue by Geography (%) | North America | 58.1% |
| India | 22.7% | |
| Europe | 7.1% | |
| Australia | 3.7% | |
| RoW | 8.4% |
The Company is concerned about prevailing exposure norms, financial position, entry of new players in the market, rising competition from new entrants, uncertain business environment, fluctuation in rupee, likely increase in cost of capital due to volatile market conditions. Further, the state of business and policy environment in the country also has a cascading effect on the interest-rate regime, cost and availability of human resource.
The Company maintains an adequate system of Internal Controls including suitable monitoring procedures to ensure accurate and timely financial reporting of various transactions, efficiency of operations and compliance with statutory laws, regulations and Company policies. Suitable delegation of powers and guidelines for accounting have been issued for uniform compliance. In order to ensure that adequate checks and balances are in place and internal control systems are in order, regular and exhaustive Internal Audit are conducted by the in-house Internal Audit Division and external professional audit firm. The Internal Audit covers all major areas of operations, including identified critical/risk areas, as per the Annual Internal Audit Programme. The Audit Committee of Directors periodically reviews the significant findings of different Audits, as prescribed in the Companies Act, 2013 and in the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
Revenue from operations for FY 2025-26 stood at Rs. 16,069.39 Lakhs, as against Rs. 13,721.18 Lakhs in FY 2024-25, a growth of 17.1%. Profit Before Tax for the year was Rs. 4,387.04 Lakhs, as against Rs. 4,624.55 Lakhs in the previous year. Net Profit for the year stood at Rs. 3,308.39 Lakhs, as against Rs. 3,476.47 Lakhs in the previous year, a decline of 4.8%.
On a consolidated basis, revenue from operations for FY 2025-26 stood at Rs. 16,266.80 Lakhs, as against Rs. 13,743.31 Lakhs in FY 2024-25, a growth of 18.4%. Profit Before Tax stood at Rs. 4,511.74 Lakhs, as against Rs. 4,580.52 Lakhs in the previous year. Net Profit stood at Rs. 3,433.08 Lakhs, broadly flat over Rs. 3,432.01 Lakhs in the previous year. Basic and Diluted Earnings Per Share stood at Rs. 14.48, as against Rs. 14.47 in the previous year.
Operationally, the Companys revenue mix remained services-led, with IT Services contributing 97.6% of revenue and IT Products the balance, broadly consistent with the prior year. Telecom continued to be the largest industry vertical, while BFSI and Healthcare also gained share during the year, reflecting deepening penetration in these verticals. Geographically, North America remained the Companys largest market. Client concentration remained stable through the year, with the top 5 clients holding steady at 40% of revenue and the top 10 client share edging up marginally to 54%.
On the people front, the Companys employee base grew to 600 professionals from 565, while the attrition rate improved marginally to 16.2% from 16.4%, reflecting continued focus on employee engagement and retention. Days Sales Outstanding increased to 58 days from 49 days during the year, an area the Company is addressing through proactive collections follow-up.
The Companys deal pipeline remains healthy, with continued client additions and repeat business across existing accounts expected to support revenue momentum into FY 2026-27. Having made deliberate investments in talent, infrastructure and delivery capacity during FY 2025-26, the Company expects operating leverage to improve progressively as these investments mature and utilization levels rise. Going forward, the focus remains on translating revenue growth into sustainable margin improvement, while continuing to deliver long-term shareholder value.
During the year, the Company paid a 1st interim dividend of Rs. 1 per share, involving an outflow of Rs. 237.12 Lakhs, a 2nd interim dividend of Rs. 5 per share, involving an outflow of Rs. 1,185.60 Lakhs, and a 3rd interim dividend of Rs. 5 per share, involving an outflow of Rs. 1,185.60 Lakhs. Total Interim Dividend paid during FY 2025-26 stands at Rs. 11 per share, involving total outflow of Rs. 2,608.32 Lakhs. Following the Companys past practice, it expects to continue distributing dividends in the near future.
The Company gives utmost importance to the capacity-building and well-being of its employees. The Industrial Relations in the Company continued to be on a cordial note. There are regular interactions between the management and the representative-associations on issues pertaining to employee welfare. The Company has an atmosphere of trust and cooperation, which results in a motivated work force and consistent growth in the performance. For us, our clients and our people are two sides of the same coin and both are extremely important to us.
We have a unique way of hiring and retaining people. Robust technical tests along with aptitude and communication tests gives us the right hires. Fresh graduates are attracted to join us as we provide great projects and huge learning opportunities. Our packages are at par with the industry.
There is a strong training department and center of excellence which is constantly striving for upskilling and multi-skilling our people. Employees get to work on high end technologies and this helps us contain our attrition. We always encourage our people to upskill themselves with the latest technology trends and help them get certified which helps Ksolves stand out in the crowd.
Our HR department is always open to listen to suggestions and ideas our people and constantly working towards making Ksolves a better place to work by implementing various policies like: a. Work Life Balance b. Whistle Blower Policy c. Sexual Harassment Policy d. Hiring for differently abled e. Gender Equality
Ksolves is committed to maintain the highest standards of social accountability & quality standards. We believe that ensuring sound corporate governance is imperative to improve and retain investor trust.
As per the recent amendments to the SEBI Listing Obligations & Disclosure Requirements (LODR), we give below additional information in respect of financial parameters that are applicable to our company:
Detail of Significant changes (i.e. change of 25% or more as compared to the immediately previous financial year) in key financial ratios (consolidated), along with detailed explanation therefore as under:
| Ratio | FY 2025-26 | FY 2024-25 | % Change | Explanation for change (>25%) |
| Debtors Days | 57.70 Days | 49.35 Days | -15.68% | Not required (below 25% threshold) |
| Current Ratio | 2.40x | 1.69x | 41.86% | Increase driven by repayment of short-term borrowings and accretion of reserves during the year, both improving the current asset-to-liability cushion. |
| Debt-Equity Ratio | 0.05x | 0.43x | -88.23% | Decline driven by repayment of short-term borrowings |
| Operating Profit Margin | 29.71% | 34.82% | -5.11% | Not required (below 25% threshold) |
| Net Profit Margin | 21.10% | 24.97% | -3.87% | Not required (below 25% threshold) |
| Return on Capital Employed | 151.63% | 172.02% | -20.39% | Not required (below 25% threshold) |
Looking forward, Ksolves will continue to seek new and improved ways of efficiently delivering the services its clientele needs. The Company also continues to pursue its aspirations of global expansion through additional offices and deepening its presence in existing geographies. The Company remains committed to strengthening its talent base through initiatives such as the Ksolves Employee Stock Option Schemes (KSOS-I and KSOS-II), reinforcing long-term alignment between employees and shareholders. We remain focused on a sound corporate vision and long-term management plan, with management and business structures that can respond quickly to market needs and globalization, while creating value for all stakeholders - investors, business partners, employees, clients, and communities.
The Company has followed all the treatments in the Financial Statements as per the prescribed Accounting Standards.
Certain statements in Management Discussion and Analysis section may be forward looking and are stated as required by applicable laws and regulations. Many factors may affect the actual results, which could be different from what the Management envisages in terms of future performance and outlook.
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