Transcript of Earnings Call held on July 31, 2026

IDAL/2026-27/SE/70 August 07, 2026 National Stock Exchange of India Limited Scrip Code: INTELLECT BSE Limited Scrip Code: 538835 Dear Sir/Madam, Sub: Disclosure of Transcript of the Earnings call Please find attached herewith the transcript of the Investor Earnings Call held on July 31, 2026 on the unaudited financial results for the quarter ended June 30, 2026. The Transcript of the earning call is also available on the website of the Company. Kindly take the above information on record and confirm compliance. Yours truly, For Intellect Design Arena Limited Prakash Bharadwaj Company Secretary and Compliance Officer ACS- 37214 Encl: As above Q1 FY27 Earnings Call Investor Earnings Call Transcript Praveen Malik: Greetings and welcome, everyone. Thank you for joining us today to discuss the Intellect Design Arena Limited financial results for the first quarter of the fiscal year 2026-27 ending 30th June 2026. The Investor Presentation and the Press Release have been sent to you and are also available on our website. Our leadership team is present on this call to discuss the results. We have with us today, Mr Arun Jain, Chairman and Managing Director. Mr Manish Maakan, Executive President & Group Chief Revenue Officer and CEO of Wholesale Banking. Mr Rajesh Saxena, CEO of Consumer Banking. Mr Banesh Prabhu, CEO of IntellectAI. Ms Vasudha Subramaniam, the CFO. Mr Vikas Misra, Chief Strategy Officer Mr Deepak Dastrala, CEO of Purple Fabric. Besides, some of the other senior members of the Intellect Management Team are present in the call. Now I hand it over to Manish to give his comments on the results. This will be followed by the comments of Vasudha. Then, we will be in the Q&A session where your questions will be replied by the senior members of the management team. Once the Q&A starts, you can ask a question by clicking on the raise hand. And then we will unmute you, and you can talk to the management. On safe harbour, I would like to remind you that anyone, anything which we say, which refers to our outlook for the future is a forward-looking statement which must be read in conjunction with the risks the company faces. With this, I request Manish to give his briefing. Over to you, Manish. Manish Maakan: Thank you, Praveen. Good evening, everyone. Thank you for joining this Q1 FY-27 cascade. A theme for this phase is growth by design. I think that's what we introduced at the beginning of this year and how we are doing. I'm going to focus on giving you some evidence of what growth is, and then we're going to talk about the algorithm which makes that growth happen. Our total income has reached ₹872 crores, growing 19% year on year. License link revenue has grown by 17% to ₹457 crores, and we secured 19 strategic wins and expanded Q1 FY27 Earnings Call our pipeline to ₹13,000 crores. The number of Destiny deals has crossed 100 for the first time, and we have converted seven during this quarter. None of these is an isolated outcome; they reflect a deliberative growth system connecting our research, platforms, priority markets, customers and execution. Today I will explain the algorithm behind this growth and how we are working to make it increasingly repeatable and predictable. So, the two platforms which are creating the unfair advantage for our growth journey are eMACH.ai and Purple Fabric, around which we have been making most of our investments and growing live. The data points for each of them are listed here. Our moat is not one technology. These are two different, distinct technologies. It's the combination of composable banking and AI which is making the difference in the world. It is our ability to reuse proven capabilities, reduce implementation complexity, lower total cost of ownership and bring differentiated propositions to customers with greater speed and certainty. The question is whether this differentiation is producing commercial evidence. Our Q1 performance demonstrates that it is making a difference. We go to our core strategy, which connects all of this value. I think the first pivot of our strategy, where we are making significant investments, is AI-first, and how this AI-first is making an impact on our lives is we look at it; I look at it from two perspectives. #1 First is external monetisation. How Purple Fabric is creating standalone enterprise AI opportunities while increasing the differentiation of eMACH in broader transformation decisions. We are focused on selling PF as a platform and as AI-first in all our eMACH stories. So, each of the wins you see would not have been possible without either one of them. Financial institutions need more than access to a language model, which we hear a lot out there. They need an AI that can work with Enterprise Knowledge, establish workflows, governance, frameworks, security controls and regulatory requirements. #2 The second value we have seen from AI is internal transformation. We are expanding AI adoption across engineering, testing, implementation, customer support, and business operations. Our objective is to increase execution capacity, shorten delivery cycles, and support operating leverage over time. Our second growth engine is focused on execution in strategic markets. North America has become one of our most important growth markets, and we are parallelly pursuing our continued growth around Europe, the Middle East, India and APAC. #3 Our third growth engine is productising our domain expertise. Our portfolio addresses across Wholesale Banking, Core Banking, Digital Banking, Lending, Wealth, Insurance and Commerce. Purpose-built propositions in each of these areas, such as Islamic banking, Custody and Credit Unions, allow us to address specialised opportunities with greater repeatability. This is the power of True eMACH. #4 Our fourth growth engine is strategic customer expansion. During quarter one, we secured 19 strategic wins and completed 16 transformations. And over the past 12 months, we have achieved 61 wins. So, you would see the average of 61 over 12 and 19 in the last quarter, showing that the number of wins is growing. A strategic win is only a beginning. Q1 FY27 Earnings Call Successful implementation creates customer value, customer value builds trust, and trust gives us the right to expand across additional products, business units, and geography. These are the four pillars of our growth algorithm. In Q1, as I said, North America is helping us make an impact. One of Mexico's largest banks selected eMACH.ai CBX, and this is a franchise of one of the largest global banks where the digital engagement platform on the Corporate Banking, Wholesale Banking side, across all lines of business, was chosen. We have six credit unions in Canada adopting a digital engagement platform. This further reinforces the investment we made about a year ago in Canada, and our wins are continuing across that. It ratifies our investments and strategies consistently. Europe is where we have been winning enough before also. Another large top five bank in Europe, for their investment services and asset management side, they looked at our eMACH.ai CBX to make a transformation over there. In Middle East, last quarter we had, war had impacted us, but this quarter has been very large for us from post war for us over here. The war has also forced banks to really think through the infrastructure and actually are putting more investments to solidify and upgrade their infrastructure. So, we saw a number of wins in the Middle East from that perspective. India home-grown market, one of the largest financial service companies picked up Purple Fabric as a complete enterprise open business impact AI platform. So, we are winning AI in eMACH as well as individual platform deals. We had another three custody deals, which shows us wealth is coming into India, also supporting the market strategy. We won three large deals on the Custody side, further expanding our market leadership in India. From an APAC pers [Showing first 8,000 characters — download PDF for full document]