ESDS

Current scenario: - ESDS Software Solution Limited hosted its Q2 FY27 earnings conference call on November 2, 2026. - The company became publicly listed on September 4, 2026. - H1 FY27 revenue from operations grew by 24.6% YoY to ₹2,719 million and PAT grew by 26.3% YoY to ₹603.7 million. Changes in trends: - The company is reorganizing its customer base, transitioning smaller clients to an internal subsidiary and focusing energies on the top 400-500 customers. - The roles of CIO and CTO became redundant and were phased out due to increased automation and AI integration under the CAIO and CPO. Management Guidance & Outlook: - The Sydney GPU AI factory (Sharon AI deal) is in the final testing stages by NVIDIA and is expected to go live by December 2026, generating an estimated monthly revenue of ₹288 crores and monthly PAT of ₹50-60 crores. - The company plans to deploy a smaller domestic AI factory in India with a capex of ₹1,500 crores, expected to go live by June-July 2027 and target ₹1,000 crores in annual revenue. - Power shortages in Western markets create a major opportunity for India to build surplus AI factories over the next 4-5 years.

- ESDS Software Solution Limited informed the exchanges about the submission of the audio recording for the Investor / Earnings Conference Call held on Monday, November 02, 2026. - The call discussed the company's performance for the quarter and half year ended September 30, 2026. - The audio recording has been made available on the company's website.

- Appointed Mr. Sushil Kadu as Chief Product Officer (Senior Management Personnel) of ESDS Software Solution Limited effective November 02, 2026. - Mr. Sushil Kadu has over 20 years of experience in technology and product leadership, previously serving at Amdocs India.

- ESDS Software Solution released its Q2 & H1 FY27 investor presentation. - H1 FY27 Revenue from operations stood at ₹2,719.9 million with an EBITDA margin of 41.82% and PAT margin of 22.19%. - Out of ₹7,200 million raised via IPO, ₹6,730.9 million remains unutilized as of September 30, 2026.

- Q2FY27 Revenue from operations grew 48% YoY to ₹1,383.4 million. - EBITDA stood at ₹577.6 million (up 18.3% YoY) with a 41.8% margin. - Net profit (PAT) increased 40.7% YoY to ₹310.9 million. - Launched SWARAJ Cloud platform; received rating upgrades to CRISIL A-/Positive and IND A/Stable.

Q2 FY27 Consolidated Revenue ₹1,383.37 Mn vs ₹937.82 Mn (▲48% YoY) EBITDA ₹577.57 Mn vs ₹488.09 Mn (▲18% YoY) PAT ₹310.92 Mn vs ₹221.00 Mn (▲41% YoY) EBITDA Margin 41.75% vs 52.05% (▼1030bps)

- Mr. Sajiv Nair resigned as Chief Technology Officer & Chief Information Officer of ESDS Software Solution Limited. - Resignation effective on or before January 27, 2027, due to personal reasons.

Concall Schedule Concall Date: Monday, November 02, 2026 Concall Time: 6:00 pm (IST)

- ESDS Software Solution Limited submitted the e-voting results and Scrutinizer's Report for its postal ballot. - All four resolutions were passed with the requisite majority on October 12, 2026. - Resolutions included the revision of remuneration for Managing Director Mr. Piyush Prakashchandra Somani and Whole-time Director Ms. Komal Piyush Somani. - Approved the appointment of Mr. Sameer Suresh Redij as Director liable to retire by rotation and as Whole-time Director (Chief Business Officer).

Q1 FY27 Consolidated Revenue ₹133.66Cr vs ₹124.59Cr (▲7.28% YoY) EBITDA ₹55.90Cr vs ₹51.00Cr (▲9.61% YoY) PAT ₹29.28Cr vs ₹25.68Cr (▲14.02% YoY) EBITDA Margin 41.82% vs 40.94% (▲88bps) Management Guidance & Outlook - Targeting PAT margins in the range of 15% to 20% for GPU leasing deals. - Domestic business order book stands at around ₹3,000 crores with a 3-year duration. - Expecting domestic business to grow at a CAGR of 30% to 40%. Capex & Expansion - Targeting around ₹1,500 crores of capex in FY27 funded through customer advances, IPO proceeds, and partial debt. - Sydney AI factory deployment delayed by over a month; revenue to commence from Q3 FY27. - Planning to deploy 1,500 own GPUs by January or February (mid-to-end of Q4 FY27). Growth Drivers - Strong global demand for GPUs with a funnel of over 50,000 GPUs. - Launch of new products including Swaraj Cloud, Swaraj Garuda, and Swaraj Jatayoo. - High pricing power due to global supply shortages of GPUs.

- ESDS Software Solution Limited informed the stock exchanges that India Ratings has upgraded the company's Bank Loan Facilities rating. - The Long Term / Short Term rating was upgraded to IND A/Stable/IND A1 on September 29, 2026.

- Trading window for dealing in company securities will close on October 01, 2026. - Closure remains until 48 hours after declaration of unaudited financial results for the quarter and half-year ending September 30, 2026. - Board meeting date will be intimated separately.

Q1 FY27 Consolidated Revenue ₹133.66Cr vs ₹124.59Cr (▲7.3% YoY) EBITDA ₹56.00Cr vs ₹52.46Cr (▲6.7% YoY) PAT ₹29.28Cr vs ₹25.69Cr (▲14.0% YoY) EBITDA Margin 41.9% vs 42.1% (▼21bps)

- Concall Schedule - Concall Date: September 25, 2026 - Concall Time: 11:00 AM (IST) - To discuss financial performance for Q1 FY27 (Quarter ended June 30, 2026)

- The trading window for dealing in the Company's securities will close from September 22, 2026. - It will re-open 48 hours after the announcement of financial results for the quarter ended June 30, 2026. - Designated persons and their immediate relatives are prohibited from trading during this period.

- ESDS Software Solution Limited received an upgrade in credit ratings from CRISIL Ratings on September 16, 2026. - Long-Term Facilities upgraded to CRISIL A-/Positive from CRISIL BBB+/Positive. - Short-Term Facilities upgraded to CRISIL A2+ from CRISIL A2.

- ESDS Software Solution Limited launched its new DevSecOps platform, 'SWARAJ Sethu', on September 14, 2026. - The platform unifies key software delivery lifecycle stages for enterprise software delivery and security, targeting the domestic market.

- ESDS Software Solution Limited submitted a Postal Ballot Notice to members dated September 12, 2026. - Resolutions include the revision of remuneration for Mr. Piyush Prakashchandra Somani (MD) and Ms. Komal Piyush Somani (Whole-time Director). - Also seeking approval for the appointment of Mr. Sameer Suresh Redij as Director and as Whole-time Director (Chief Business Officer) for a period of three years effective July 13, 2026. - The e-voting period for these resolutions is from September 13, 2026, to October 12, 2026.

- ESDS Software Solution Limited clarified share price movement in response to an NSE query dated September 09, 2026. - The company confirmed no undisclosed price sensitive information or impending corporate action. - The share price movement is deemed market-driven and consistent with a newly listed security, having been listed on September 04, 2026.