Venkatesh Korla, Global Chief Executive Officer of Hinduja Global Solutions, and Vynsley Fernandes, Whole time Director of HGS and Chief Executive Officer of NXTDIGITAL media businesses, comment on performance and outlook
Tag: HGS operational discipline digital media division
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HGS reports Q3 FY2026 results amid AI led transformation phase
For Q3 FY2026, consolidated revenue from operations stood at Rs. 1,075.4 crore, up 1.1 percent year on year. Total income was Rs. 1,192.2 crore, reflecting a decline of 3.5 percent year on year. Total EBITDA for the quarter was Rs. 133.7 crore, with EBITDA margins at 11.2 percent compared to 19.0 percent in Q3 FY2025.
During the quarter, HGS added 21 new clients in digital CX and technology solutions and 16 clients in HRO and payroll processing. The company also signed multiple engagements focused on early stage AI deployments, particularly across banking, financial services, retail, and technology sectors.
The company also received multiple recognitions during the period, including awards for its CX analytics solution HGS DaVinci and acknowledgements from global analyst firms for its digital transformation and GenAI capabilities.
Commenting on the Digital Media division, Vynsley Fernandes, Whole time Director of HGS and Chief Executive Officer of NXTDIGITAL media businesses, said the business delivered steady performance supported by operational discipline. He noted that broadband subscriber traction remained consistent, supported by higher speed plan adoption and an improved customer mix. He added that expansion into Tier III markets is progressing, with 59 of the identified 100 towns operational and the remaining expected to go live by the first quarter of the next fiscal year. He also said the broadband vertical recorded sequential margin improvement through cost optimisation and improved capacity utilisation, while the digital television business maintained ARPU stability.