Greater Noida, February 11, 2026: R Systems International Limited (NSE: RSYSTEMS; BSE: 532735) reported a strong financial performance for the quarter and year ended December 31, 2025, delivering double-digit revenue growth and margin expansion, supported by disciplined execution and AI-led service offerings.
For the calendar year 2025, the digital product engineering company posted consolidated revenue of Rs 19,582.06 million, marking a 12.4% year-on-year increase in rupee terms and 8.0% growth in US dollar terms. Adjusted EBITDA rose 17.8% YoY to Rs 3,427.22 million, with margins improving to 17.5% from 16.7% in 2024.
Adjusted net profit after tax stood at Rs 1,936.26 million, reflecting a 24.6% YoY increase.
Quarterly Performance: Q4 CY2025
In the quarter ended December 31, 2025, revenue rose 23.6% YoY to Rs 5,551.09 million, compared to Rs 4,489.55 million in Q4 2024. On a sequential basis, revenue increased from Rs 4,986.17 million in Q3 2025.Adjusted EBITDA for the quarter climbed 27.0% YoY to Rs 1,017.26 million, translating into a margin of 18.3%, compared to 17.8% in the corresponding quarter last year.
Adjusted net profit after tax stood at Rs 604.14 million, up 27.4% YoY.
Consolidated Financial Performance (Quarterly)
| Particulars | Q4 CY2025 | Q3 CY2025 | Q4 CY2024 |
|---|---|---|---|
| Revenue from Operations (Rs mn) | 5,551.09 | 4,986.17 | 4,489.55 |
| Total Income (Rs mn) | 5,580.93 | 5,003.57 | 4,524.91 |
| Net Profit (Rs mn) | 364.08 | 353.41 | 389.99 |
| Basic EPS (Rs) | 3.08 | 2.99 | 3.30 |
| Adj. EBITDA Margin | 18.33% | 16.94% | 17.84% |
Full-Year Financial Performance (CY2025 vs CY2024)
| Particulars | CY2025 | CY2024 | YoY Change |
|---|---|---|---|
| Revenue from Operations (Rs mn) | 19,582.06 | 17,417.27 | +12.4% |
| Total Income (Rs mn) | 20,118.18 | 17,500.41 | — |
| Net Profit (Rs mn) | 1,861.96 | 1,311.82 | +41.9% |
| Adj. Net Profit (Rs mn) | 1,936.26 | 1,554.24 | +24.6% |
| Basic EPS (Rs) | 15.73 | 11.09 | — |
| Adj. Basic EPS (Rs) | 16.36 | 13.14 | — |
| Adj. EBITDA (Rs mn) | 3,427.22 | 2,910.39 | +17.8% |
| Adj. EBITDA Margin | 17.50% | 16.71% | +79 bps |
Balance Sheet Strengthens Post Acquisition
Total assets expanded to Rs 21,021.85 million as of December 31, 2025, from Rs 12,155.79 million a year earlier.Cash and bank balances, net of short-term borrowings, increased to Rs 2,726 million from Rs 1,961 million in December 2024.
Total equity attributable to shareholders rose to Rs 7,916 million, compared to Rs 6,241 million in the previous year.
Strategic Acquisition: Novigo Solutions
During the quarter, R Systems completed the acquisition of 100% equity of Novigo Solutions Private Limited for Rs 4,000 million. The transaction was partly funded through issuance of non-convertible debentures amounting to Rs 2,750 million, with the balance paid from internal accruals.Additionally, 1,700,000 compulsory convertible redeemable preference shares held by previous shareholders are valued at Rs 1,923.88 million, taking the total assessed purchase consideration to Rs 5,923.88 million.
Management stated that the acquisition strengthens its automation and Agentic AI capabilities and enhances its OptimaAI portfolio.
Operational Highlights
- 8 key deal wins during Q4 CY2025
- Gross margin improved to 38.92% in Q4 CY2025 from 37.94% in Q4 CY2024
- Americas contributed 72.66% of CY2025 revenue
- Total headcount increased to 5,359 as of December 31, 2025, from 4,316 a year ago
- Top 10 clients contributed 25.24% of annual revenue in CY2025
Management Commentary
Managing Director and CEO Nitesh Bansal said the company closed CY2025 with strong momentum, delivering Q4 revenue of Rs 555 crores and an EBITDA margin of 18.3%. He highlighted advancements in AI-led services, launch of a customer experience centre in Noida, and focus on GCC automation initiatives.Chief Financial Officer Nand Sardana stated that full-year EBITDA reached USD 39.3 million with a margin of 17.5%, reflecting operational discipline and improved deal traction driven by Agentic AI investments.
About R Systems International Limited
R Systems International Limited is a leading digital product engineering company focused on building next-generation products, platforms, and digital experiences. The company partners with ISVs, SaaS firms, and product companies across Telecom, Media, Fintech, Insurtech, and Healthtech verticals. It also offers knowledge services including revenue cycle management, back-office support, and multilingual customer care.Source:
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