Hinduja global solutions narrows losses, targets 20%+ ebitda margins

Hinduja Global Solutions reported its financial results for Q2 and H1 FY26. Q2 total income reached INR 1,222.9 crore, with operating revenue at INR 1,091 crore. Total EBITDA for Q2 stood at INR 158 crore, achieving EBITDA margins of 12.9%. For the first half of FY26, total income was INR 2,410.2 crore, with operating revenue of INR 2,147.3 crore and total EBITDA of INR 317.7 crore, with margins of 13.2%.

The company saw a narrowing of losses, with Q2 profit before taxes at negative INR 14.1 crore, an improvement from negative INR 26.5 crore in the previous quarter and negative INR 40.7 crore year-on-year. Profit after taxes from continuing operations for Q2 was negative INR 27 crore, compared to negative INR 46.3 crore in the previous quarter and negative INR 50.5 crore year-on-year. Digital and media services now account for approximately 45% of total revenue.

HGS is strategically focusing on "Intelligent Experiences" by combining AI with human talent and shifting its pipeline towards digital services. In H1 FY26, the company closed 35 new client contracts, with 62% of its pipeline now leaning towards digital services and operations. The goal is to achieve 20%+ EBITDA margins in the next five years, driven by top-line growth and operational efficiency improvements.