Note: This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon.
Ksolves India Limited (NSE: KSOLVES) Q4 2026 Earnings Call dated Apr. 30, 2026
Corporate Participants:
Ratan Srivastava — Chairman & Managing Director
Umang Soni — Chief Financial Officer
Analysts:
Pratik Jagtap — Analyst
Kaustav Bubna — Analyst
Unidentified Participant
Unidentified Participant
Presentation:
Operator
Ladies and gentlemen, good day and welcome to the case solves India Limited Q4FY26 earnings conference call. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing Star then zero on your touchstone phone. I now hand the conference over to Mr. Pratik Jakta from ENY Investor Relations. Thank you. And over to you sir.
Pratik Jagtap — Analyst
Thank you Seema. Welcome everyone and thanks for joining KSolves India Limited Q4FY26 earnings call. The results have been mailed to you along with the investor presentation and it is also available@www.ksolves.com. In case anyone does not have the copy of investor presentation, please do write to us and we will be happy to share it with you. Joining us today from the management team is Ratan Srivastava, Chairman and Managing Director Umang Soni, Chief Financial Officer Manish Gurnani, Chief Technology Officer Darpan Audicher, Head Business Transformation and Consulting Mayank Shukla, Technical Project Manager, AI.
We will begin with management’s remark covering the business update and quarterly performance highlights and then move on to the Q and A session. Before we start, I would like to remind you that anything that is said on this call that reflects any outlook for the future or which can be construed as a forward looking statement must be viewed in conjunction with the risks and uncertainties that we face. These risks and uncertainties are included but not limited to what we have mentioned in the prospectus filed with SEBI and subsequent annual report that you can find it on our website.
Having said that, I will now hand over the call to Ratan. Sir. Over to you sir.
Ratan Srivastava — Chairman & Managing Director
Thank you Pratik. Welcome and thank you everyone for joining our Q4 financial year 26 earning call. FY26 marked an important milestone as we crossed 150 crore in annual revenues reflecting the strengthening scale and resilience of our business. We closed the year with revenue of 162.7 crore. It is up 18.5% year on year with an EBITDA of 48.3 crore at a margin of 29.7% and PAT of 34.3 crore. This was alongside continued investment in our capabilities, talent and long term positioning. In terms of quarterly performance, Q4 was a strong quarter with revenue of 43.03 crore growing 29.1% year on year and 1.7% sequentially.
In fact, what gives us confidence is that Q4 also saw conversion of some of our strategic wins across large enterprise clients and marquee global brands including First, a full SAP to OZO migration for a listed Indian infrastructure company in power transmission and green energy. Displacing SAP at a listed client signals our UDO practices Now Enterprise Grade 2nd Specialist Data Science talent deployed with the New York based Risk and Financial Crime Advisory firm working on financial crime detection.
Third, an ERP implementation for a member firm of a top six global accounting network in East Africa. These means reinforce our positioning, delivery quality and brand credibility even in an uncertain environment. Our growth continues to be driven by diversified services mixed across ERP, cloud, data, AI, Salesforce and enterprise transformation. With 82% of revenue being recurring, providing strong visibility and resilience, FY26 marked a structural shift in how CASO operate. We have repositioned ourselves as an AI first automation where AI is not an overlay but embedded into delivery, execution and client engagement.
What the shift reflects is a genuine capability we have built to enable clients through AI bringing frameworks, agentic thinking and technical depth that translate into real business outcome for them. At KSOLs our conviction is simple. Every task whether it is coding, testing, operations or communication is executed by AI agents. Our engineers review, enhance and raise the bar, not execute. We have stimulated ourselves as a 360 degree AI transformation partner. Whether a client needs software build or operation transform, we brings agents AI agents to both agent that code, agent that test agent that deploy agent that automate workflows, monitor communication and fly risk.
We know that future is eliminating. At KSource that future is already our operating model. We are an AI transformation partner and that is distinction shapes everything about how we engage, deliver and grow enterprise. AI has moved from experimentation to execution globally. KSolves is already on the right side of the shift, not by responding to it but by enabling it alongside our clients. Now coming to guidance for FY26 we expect annual revenue growth to be around 18 to 20% and EBITDA margin to be the range of 25 to 30%.
Demand remains intact and our execution momentum is strong. We remain confident of delivering sustainable growth while continuing to invest for scale. Overall, we believe the business has delivered strong growth in a challenging environment and the building blocks created in FY26 position as well for the next phase of growth. Thank you. With this I now hand over the floor to UMAN to share financial highlights. Thank you,
Umang Soni — Chief Financial Officer
Thank you, thank you. Just one correction. The guidance was for FY27. Okay so and good evening everyone and thank you for joining our Q4 FY26 earnings call. Let me quickly walk you through the financial performance for Q4 and full year of financial year 26. So as Ratan mentioned, FY26 has been a year of strong growth and combined with deliberate investment for us. Our revenue stood at rupees 162.7 crore up by 18.4% year on year our EBITDA was at 48.3 crore and EBITDA margin stood at 29.7% in FY26 versus 34% 34.8% in FY25.
This was a conscious and planned investment phase. As we communicated in earlier calls, this was primarily driven by ESOP related cost, investment in senior leadership and compensation cost, higher travel and event spend to strengthen our global presence and one time impact for the new labor regulations amounting to rupees 1.1 cr. Importantly, these are strategic and largely non recurring investments. We exited FY26 at the upper end of the range guided that is 29.7% EBITDA margin which ensures that we reinforce the stability.
Profit after tax for FY26 stood at 34.3 crore in line with FY25 despite the investments made in capability build out net margin was at 21.1%. Our continued efforts have resulted into a strong five year revenue CAGR of 42% and a healthy five year net profit CAGR of 51%. We continue to deliver exceptional return ratios with ROCE at 152% and ROE at 137% for the financial year 2526. For Q4FY26 we reported a revenue of 40.03 crore, a growth of 1.7% sequentially and 29.1% year on year. The top line growth was driven by consistent execution across all ongoing client and core business.
Momentum remained healthy. Our EBITDA margin for the quarter stood at 29.3%. Packed for the quarter stood at 9.7 crore translating into a packed margin of 22.5%. Earning per share for the quarter was rupees 4.09 per share. We continue to generate strong cash flows and our balance sheet remains healthy with cash balance of 6.9 crore with a net debt free status. From a client concentration standpoint, our top 5 and top 10 clients contributed 40% and 54% of our revenue respectively in FY26. Overseas market contributed approximately 77% of our revenues underscoring the increasing contribution of global markets.
As highlighted earlier, IT Services remains the core driver of our revenue and profitability Product segment, which is a small contributor, continues to be developed in a disciplined manner. As we move into FY27, our focus remains clear. Deepening the relationship with our existing clients, Increasing the share of fixed price and outcome based engagements leveraging our 360 degree AI transformation, partner positioning using the AI led productivity to scale delivery, deepen client engagement and move from technology vendor to end to end reinvention partner Continued investment in talent capabilities and maintaining margin discipline with operating leverage.
With this, I will now hand over the floor to Operator to open this session for Q and A. Thank you everyone.
Questions and Answers:
Operator
Thank you very much sir. We will now begin with the question and answer session. Anyone who wishes to ask a question may press Star and one on their Touchstone telephone. If you wish to remove yourself from the question queue, you may press star and 2. Participants are requested to use handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles. Thank you. We take the first question from the line of APUR from Whitestone Financial Advisors.
Please proceed with your questions.
Umang Soni
Thanks for the opportunity. So my question is as we have mentioned that we use AI agents to code based on operations, right? So how much efficiency do we do we see in our employee expense going forward within the financial.
Ratan Srivastava
Hello? One second. Hello.
Umang Soni
Yes sir.
Ratan Srivastava
Can you speak again please?
Umang Soni
Yeah. So my question is regarding that we are using EA agents to code test in our operation, right? So then. So then do we expect the efficiency in the employee expense going forward?
Ratan Srivastava
Basically we have not exactly measured, okay, that what will be the result. But what we are observing right now that when we are using the agent it is reducing the time and it is increasing the output. Okay? And we are trying to create agents for every repetitive task. So at this moment I cannot. I do not have a exact answer for your question that how much it will affect costing.
Umang Soni
Can you please share some examples when we have used AI in our day to day operations?
Ratan Srivastava
Definitely. For example, today we have given one person from the sales team. They have. That person has created an agent on cloud. What he has done, he has created a hint that agent is getting data from the Excel sheet and then that agent is because that agent is tuned and then agent is deciding that which email ID agent should select to send email for cold email. Okay, so we have already that salesperson has uploaded the Excel sheet and then agent is deciding that which agent for which email ID that agent select to send as a cold email.
This is A small agent. Okay. A part of this example. For example, how many events are going to be organized in New York in next three months. Okay. Now we have created an agent and that agent is searching every day at a specific time that how many new events are added all around the world and that agent is sending us emails. So this is a small example that how we are trying to create agents for repetitive tasks.
Umang Soni
Okay, got it. Sir. Yeah. I can
Ratan Srivastava
Give you very highly technical example but that I don’t think that it is the right time. Okay. I think I have given you answer.
Umang Soni
Okay. Okay sir, I have one more question so that you have mentioned in our key wins that we have onboarded a specialist data scientist. So I didn’t get it. Like have we. I’m on board with that person as an employee or we have given that as an outsourced person to another company. See,
Ratan Srivastava
Actually we have onboarded not one, we have oned many one. Okay. But not as a employee. We have given them our people to research on a specific topic. Topic. Okay, so
Umang Soni
Let me, let me to. That is. So this is for some clients who are very strictly regulated because they are can say financial fraud detection, security. Right. All, all of those areas. This is area where you know, this team has been set up and this has been really good because it’s a very, you can say a niche and high revenue area.
Ratan Srivastava
Okay. And not only one, we have added
Umang Soni
Multiple resources for that customer. Okay, thank you. So that’s it for my idea.
Operator
Thank you. We take the next question from the line of Tashil Zaveri from Crown Capital. Please go ahead.
Umang Soni
Hello, good evening. Thank you so much for taking my question. Firstly, congratulations on a great 2, 4, 7. So just wanted to ask with regards to our margin right here, so the trajectory actually what we’ve been seeing that is that our revenue has been steadily growing but our margins have been declining due to which our PAT has been near identical in the last three years. So in terms of bottom line growth, how do we see it? Sir?
Ratan Srivastava
Okay, you can answer this. Yes,
Umang Soni
You can. So basically if you see, we have made quite few investments this year which we already communicated and we have been communicated from the Q1 of 26. Okay. Because earlier there were no ESOPs, there were no events being attended, there was no any expenses there on branding and we have also invested few amounts in DSM as well. So all this, in spite of all this, you have ended on the upper range of the guided margin. Okay. So if you compare from last year Q4, this year Q4 has been quite significant.
And we expect it to be in the same range going forward as well.
Ratan Srivastava
Okay. Okay. So basically
Umang Soni
I wanted to know that like, even though the guidance is given of 25 to 60%, you should ideally have it on the higher wage. Right. Because of AI also we’ll get some efficiencies. I’m assuming that some marketing cost that we had done this year, it would be more of the one time in nature or is it more recurring because. Yeah, because we wanted to like, understand because we’ve performed really well in a very difficult condition, but our margins are getting
Pratik Jagtap
Weakened up. So is that like, is it because also because of a threat of AI coming in, we have to also do some price cutting. How do we see that?
Umang Soni
So it’s not recurring. I would say few expenses would be there, but at not a great scale that we’re done in FY26. So there will be some benefits from these investments as well. And on AI side, we are seeing efficiency internally and due to the current situation, global situation, there are few delays you can see, but the conversions are going strong and demand is healthy.
Ratan Srivastava
Okay, okay. And then with regards to like, when you’re saying deal getting delayed. So like, do we have like a rough, you know, order pipeline that we have and like, what kind of order bookings can we expect? Like. Or the invention we can expect in FY27? First,
Umang Soni
We have already given the mark, I think, guidance range for the revenues. Yeah, okay, fair. Fair enough. That’s it for. Thank you.
Operator
Thank you. We take the next question from the line of Costa Pugna from BMSPL Capital. Please proceed.
Kaustav Bubna
Yeah, hi, good afternoon, this is Shreya. On behalf of Costa, how much percentage of your total business or your total revenue is currently AI for?
Umang Soni
So first of all, AI is not a standalone revenue factor. It’s embedded in all the technologies. So all the services we are delivering, they are aim.
Kaustav Bubna
Okay. And how is the BSM business scaling? And where are we at currently versus where would we like to be
Umang Soni
On dfm? We would like to discuss it more on a later stage when the products revenue become a marginal revenue. As earlier communicated, we are more focusing on IT services because that’s the main bread and butter of our business. So we are scaling product business in a very disciplined manner. But our main focus is completely on IT services.
Kaustav Bubna
Okay. Okay, thank you.
Operator
Thank you. Before we take the next question, a reminder to all the participants. Anyone who wishes to join the question queue may press star and one on the touchstone telephone. Participants, if you wish to join the question Queue. You may press Star and one on your touchstone telephone. We take the next question from the line of Chatin Sharma, individual investor. Please go ahead.
Umang Soni
Yeah. Hi Ratanu, good evening. I just have one question, right. Because we have been talking in past few meetings regards to the dfs. So I just want to understand that product that what was overall expensive that the company has done for the product development of DFM
Ratan Srivastava
In the last year and what it is planned in the current year 27.
Umang Soni
All right. So Jatin, on DFM development if you say approx. If you want to quantify it then you can consider approx. 2 crores was expensed in FY26. And we expect no further big investments on DFM development in FY27. Okay,
Ratan Srivastava
So can you hear now?
Umang Soni
Yes.
Ratan Srivastava
One thing I would like to add here that we are not going to spend money on dfm. Okay. TFM development is done. We will wait for the customers. And on the event side the expenses we have done last year it will reduce up by 60% at least this year. We have attended many events last year for DFM and we have spent huge money for the DFM on the development side as well as on the marketing side. This year we will focus only and only on the services. Okay? And for the DSN we will wait for the customers and if we will get the customers, if we will convert then we will think about the next step.
But for now, for now and for the next few quarters we will focus only on the services. We will not spend money on the product side because last year we have spent money on the product side. But unfortunately we could not generate revenue for that. Okay? So you can say that from the services we have. We have taken the money from the services and we have spent money for the product. And that’s why you can see the growth. Pad growth is. You can see there’s a very low pad growth as compared to last year.
But this year it will focus only on the services, not on the product and not for the expenses related to product like events and all. I hope I have given the answer.
Umang Soni
Thank you. Thank you.
Operator
Thank you. Sir, a reminder to the participants, if you wish to join the question queue you may press star N1 on your Touchstone telephone. Ladies and gentlemen, if you wish to join the question queue you may press star n1 on your touch tone telephone. The next question is from the line of Prabhav Agarwal, an individual investor. Please proceed with your question.
Umang Soni
Hi sir, am I audible?
Unidentified Participant
Yes.
Umang Soni
So my question is along the lines of rupee depreciation that we have seen. So considering 60% of our revenue comes from North America region. So in the Q4 FY26, do we see the benefit of rupee depreciation in the PAT margin or do we expect that to see that in
Pratik Jagtap
Coming quarters?
Umang Soni
No, we have in fact seen tailwind of this FX tailwind. So we have benefited not in a large scale, but yeah, somewhere to quantify it, I would say this somewhere lies in between. You can say approx. 20 lakhs. So that was effects gain you can consider from the tailwind thing.
Ratan Srivastava
And sir, do we expect any further margin improvement from this level on account of any fx?
Umang Soni
I think it will remain because now the balance will happen at a higher rate. This is a continuous process. But yeah, we are focusing on margins as well. Got it. Understood, sir. Thank you.
Operator
Thank you. A reminder to all the participants, you may press Star in one to ask a question. The next question is from the line of Kostavna from BMSPL Capital. Please go ahead.
Unidentified Participant
Yeah, hi Darth.
Ratan Srivastava
Hi.
Unidentified Participant
Yeah, hi. So again I just wanted to further ask on the DFM product because you know, in a lot of calls before you always spoke about it and now you don’t. So I really wanted to understand was our expectations for this product much more than the current reality of customer acceptance or do we still have hope for this product in the future?
Ratan Srivastava
See, you are correct. Expectation was more okay and that we could not achieve till now. Being an entrepreneur, it is my job to try multiple things, multiple approach to increase the business. And that was, you can say my tribe to develop a product a part of the regular services. I sold it to 2 customer also 2, 3 customers are in pipeline but due to geographical problems they have shifted it to June July. But still I do not see a lot of. Honestly speaking, I do not see a lot of opportunities in dfm.
So that’s why I have decided whatever happened, it happened. Now let’s focus on services, which is our bread butter. If you will see separately services and product then you will see that our data is amazing. Okay? We have taken money from the services, we have spent money on the dsm. But now we will focus only on the services. We are doing good, they have a good pipeline. We have already given you the guidelines and we have adopted the AI. Everyone is cloud certified now in the case of I do not see that any other company has everyone certified by the Claude and we are heavily using AI and all those things.
So I’m hoping I’m seeing that good future of Caissons.
Unidentified Participant
Okay. And Just lastly on the margin front, Ratan, I mean why? As a company policy, right? Why as in when you all give guidance. I want to understand the logic why you are guiding for such a broad range of margin, you know, 25 to 30%. Because I mean the reality of your bottom line will be very different if you are 25% EBITDA or 30% EBITDA. So why such a broad range?
Ratan Srivastava
As you can see the past we have been always around 30% plus minus something. But you can see that every day you are getting new news on the Internet. Okay, so we don’t know that what will be the news tomorrow. Okay. So considering those geo political things. Okay. I’m trying to be conservative and that’s why I have given you the bracket. But if everything goes well all around the world, then it will be a good number.
Unidentified Participant
Okay, great. And you have some cash on your books. Will you continue paying dividend or are you looking at some acquisitions?
Ratan Srivastava
We will continue giving the dividend. We tried for acquisition but unfortunately we could not find good company. So we dropped that idea. And now I’m focusing completely on the business. Okay. Because that if you will go for acquisition then you will have to spend a lot of time also. Yeah. So I found that I should spend time right now on the services. And for the next year I have a good plan. We are focusing on multiple advanced technologies. With the help of AI, we are offering our customer complete 360 degree AI transformation as a partner.
AI transformation partner. Till now we were doing just development. But now we are saying that we will do the development with the help of AI. And then we will help you to cut your operation cost by creating developing agents for you. So complete AI. AI for development then AI for operations.
Unidentified Participant
Understood? Understood. Okay great. Thank you so much. Thank you.
Operator
Thank you. The next question is from the line of Rajesh from RK Capital. Please proceed with your question.
Umang Soni
Hi. Thanks for the opportunity. Sir. I saw in your investor presentation that you have become a Fairfax certified partner. The ERPNEXT partner. Right. So how good is the opportunity in ERPnext compared to Urdu?
Ratan Srivastava
Would you like to answer or I should answer?
Umang Soni
Sir, I can answer that one.
Ratan Srivastava
You can answer.
Umang Soni
So see the situation is not around comparing these two ERPs. We wanted to initiate our ERP practice. So earlier what was happening whenever every any customer was coming to us. We were only ready with our UDO offering. And we wanted to diversify in a manner that. Okay, if any specific person is coming, they do. They both have their own differentiations. They both have their own features. Odoo is an open source thing which is driven by an specific framework. ERPnext is a trapper partnered management system having its own 1718 connected apps.
So both have their own market, both have their own costing aspects. Also to initiate our own ERP business, our own ERP dimension, we added ERP or prepe partnership also. So, so that if any specific customer is
Pratik Jagtap
Getting onboarded,
Umang Soni
We
Pratik Jagtap
Can offer two ranges of ERP instead of specifically focusing on Odoo. That was the intent.
Umang Soni
What is the installed customer base of? At least can you give some metrics at the product level, like the installed Customer base of ERP Next vs Odoo in India and globally.
Pratik Jagtap
To specifically or to go with a very detailed thought, we’ll share it with you because that is right now may not be available. But like to be very figurative or very clear, we’ll share this information with you.
Umang Soni
Okay, how will I get that information? Your. Your team will reach out?
Pratik Jagtap
Yes. Yes, our IR team will reach out. Asha. We can reach out. Right?
Umang Soni
Okay. And so like going forward, like will your dividend payout continue to be in the range of 40 to 60% of your profits?
Ratan Srivastava
Like what is your dividend payout policy going forward?
Umang Soni
It will continue in the same manner as we are not looking for any acquisitions or inorganic growth currently in the coming quarters. So it will continue the same way.
Ratan Srivastava
Okay, so we can expect 40 to 60%
Umang Soni
Of the profits being paid out? Yes. Okay. And so I joined a bit late. If you can just you know, re reiterate in case you have already called it out, your revenue growth, which we expect for FY27 because you are going to focus only on services is what I heard. So, so how much revenue growth
Ratan Srivastava
Are you expecting?
Umang Soni
So for FY27, we are expecting annual revenue growth of around 18 to 20%.
Ratan Srivastava
Okay,
Umang Soni
So this is some. Some moderation in your. In your growth range, is it? Because I think in the past you’ve been growing at a very high pace. So do you see like if you can just explain a bit more.
Ratan Srivastava
Now base is large. Right when we have started the company, when we launched the IPO that time, the overall revenue was 10 crore. Okay. Quarterly 2.5 crore. So adding 25 lakh in a quarter was a joke. You can say at that time. Now if you compare current situation, okay, at now, right now the current base is 40, 42.4, 3.2. And now for 10%, suppose we need to add 4.3. It is not a small number. So that’s why if you see the absolute number is increasing but percent is decreasing.
Unidentified Participant
Okay. Okay, sir. Okay, that’s it for.
Operator
Thank you. We take the next question from the line of apoor from Whitestone Financial Advisors. Please go ahead.
Umang Soni
Yeah, thank you, sir. So I just have two more questions. So the first question is on. You mentioned that we have migrated a client from SAP to Odoo. So want to understand what would have been the reason for the migration for the client.
Ratan Srivastava
Multiple customers are trying to reduce their cost. Okay. And they are trying to move to less costly solutions. So UDO and SAP both are doing mostly the same. Both are providing mostly same feature. Okay. And you know that SAP is super costly as compared to Odoo. So that’s why not only this customer, we have other customers also. Three days before I have, I had a call with the one customer from the Tanzania. They also want move from SAP to Odoo. Okay. I hope I had you in that.
Umang Soni
Yeah. And my second question is, sir, are you seeing any delays in order or because of the this ongoing war?
Ratan Srivastava
Yeah, definitely actually. But uae, we have a. We have a good business in uae. Okay. But we had few customers and they were about to release the order in the. Okay. But they could not. And that’s why you can see that. I can say that if they would have done it then for this quarter, the growth, we could see that more than 1.7%. Right now we are seeing only 1.7% quarter and quarter. This is because that, because of that war. Okay. But now things are good. They are releasing the order, they are releasing the PO and all.
And we can see the bright future at this moment. So that’s why we are very optimistic for 18 to 20% growth and margin. Considering the current situation, if whatever, what will happen tomorrow? I don’t know. You know what I’m trying to indicate.
Unidentified Participant
Yeah. Okay. Thank you.
Operator
Thank you. Before we take the next question, a reminder to all the participants. If you wish to ask a question, you may press star N1 on your Touchstone telephone. Ladies and gentlemen, if you wish to ask a question question, please press star and one on your touchstone phone. The next question is from the line of Rajesh from RK Capital. Please proceed. Sir.
Umang Soni
Yeah, thanks for the follow up. Since you mentioned you are not going to have product related expenses and event related expenses in FY27. But at the same time, the margin band is a wide range of 25 to 30%. Can we expect PAD growth to be at least, you know, higher than your revenue growth or is it uncertain at this point will you answer? Yes, definitely. So see there are a lot of things attached to margin because we are investing heavily in A as well and we are investing in insurances, security, IT security.
So few expenses are attached to it as we are doing. And that’s why that range has been kept to 25 to 30%. But overall our aspiration is to end on the higher side of it.
Ratan Srivastava
See one thing, one thing I would like to again tell here that 25 to 30 is something that we would be able to manage okay, easily. If everything goes well, then you can see better number. But we are trying to be conservative so that in future if anything goes wrong then nobody should say that, okay? We have given a high number and then this happens. So that’s why we are saying that 25 to 30 is doable easily.
Unidentified Participant
Okay,
Operator
Thank you participants, if you wish to ask a question, you may press star n1 on your touch tone phone. Are there no further questions? I would now like to hand the conference over to the management for closing comments.
Ratan Srivastava
Thank you everyone for joining the conference call. This conf call. Okay, I would like to conclude here that we are now AI first company and we are trying to build our image as a transformation partner for our customer who is providing end to end means development to operation. Operation cut cost, Reducing the development cost and reducing the reducing the operational cost by AI. And it is not something that we have not tried it. We have tried and found for multiple customers. We have already done if you will see the commentary.
We are already using AI for at least 60 70% customers and we have increased their output with the same amount of the. With the same number of the resources. And once again thank you everyone for joining the call. Thank you.
Operator
Thank you sir. On behalf of KSOLF India limited that concludes this conference. Thank you for joining us. And you may now disconnect your lines. Thank you.