MANINDS Q4 FY26 Guidance vs Delivery (MANINDS Management Mirror)

Consolidated Revenue & Growth

Management lowered its consolidated revenue guidance for Mar'27 to a range of INR 5,000 to INR 5,500 crores (with India contributing ~INR 4,000 crores), down from the INR 5,500 to INR 6,000 crores expected in the Dec'25 Qtr and the INR 7,000 crores initially targeted in the Sep'25 Qtr. Long-term consolidated revenue is projected to grow consistently at 30% to 35% over the next three to four years, with Mar'28 targeted for 25% to 30% growth over Mar'27. [Status: Downgraded]