LAXMIDENTL Q3 FY26 Guidance vs Delivery (LAXMIDENTL Management Mirror)

Financial Outlook & Margins

Reaffirmed FY26 revenue growth guidance of 20-25%, aiming for a strong exit in Q4 Mar'26 driven by momentum seen in Jan'26.

Reaffirmed long-term annual revenue growth targets of 20-25% for FY27 and beyond, consistent with the 20-25% range cited in Sep'25 and Jun'25.

Updated margin expectations: Targets EBITDA margins of 18-20% for FY27. This aligns with the "benchmark of at least 20%" mentioned in Sep'25.

Changed near-term margin view: Expects partial reversal of the 150 bps EBITDA impact seen in Dec'25 due to US tariff reductions.

Initiated specific guidance on ESOP costs, anticipating a reduction of roughly 50% next year compared to current levels.