Indegene Limited has announced robust financial results for the second quarter and half-year ended September 30, 2026. The company reported a substantial 39.5% year-over-year increase in revenue, reaching ₹11,223 million. EBITDA also saw a significant rise of 32.0% YoY to ₹1,873 million, with margins remaining stable despite wage increases. The company also noted an increase in clients generating over $1 million in annual revenue.
Indegene Reports Strong Q2 FY27 Financial Performance
Indegene Limited, a strategic operating partner to the global life sciences industry, today announced its financial results for the quarter and half-year ended September 30, 2026. The company delivered a strong performance, driven by broad-based growth across its top accounts and an increase in high-value clients.
Key Financial Highlights
- Revenue from operations for Q2 FY27 stood at ₹11,223 million (approximately $117.5 million), marking a 39.5% YoY growth in INR and 27.5% YoY in USD.
- EBITDA for the quarter was ₹1,873 million, an increase of 32.0% YoY, with an EBITDA margin of 16.7%.
- Profit after tax (PAT) was ₹1,123 million, up 10.0% YoY, reflecting a PAT margin of 10.0%.
- The number of customers generating over $1 million in annual revenue increased sequentially to 59, including 13 clients in the $10 million+ range.
- Revenue per Employee (RPE) strengthened to $79.6K.
Management Commentary
Manish Gupta, Chairman and CEO, Indegene, commented, “Extending our strong start to FY27, Q2 revenue grew 5.6% sequentially in INR, our fifth successive quarter above 5%. Growth was broad-based, driven by expansion across our top 5 and top 20 accounts and an increase in the number of $1 million+ clients to 59. We recorded significant deal wins in GenAl-enabled transformation and upstream engagements. With a healthy pipeline, sustained deal momentum and favourable industry tailwinds, we expect growth and margin expansion to come together in the second half.”
Suhas Prabhu, CFO, Indegene, added, “Despite the annual wage increase that takes effect in our second quarter, EBITDA margin remained stable at 16.7%, a marked improvement on historical Q2 margin trends. Profit after tax grew 10% YoY to INR 1,123 million. With the wage increase now fully reflected in our cost base, we expect EBITDA to grow faster than revenue in the coming quarters. In addition, higher yields on our investments and lower amortization should help PAT margin expand faster than EBITDA margin.”
Source: BSE
