Datamatics misses its own labour liability target by ₹24 cr

Datamatics Global Services enters FY27 targeting 8-9% organic revenue growth and a margin expansion of 50-100 basis points from last year’s 18.7%. Yet, the numbers were overshadowed by a governance slip: the company booked an additional ₹24 crore exceptional charge for labour code adjustments. Management had previously assured the market that this liability was fully contained, making this a clear backtrack. On the product side, the group is pushing its AI underwriting platform, which has signed three to four health insurance customers. Its Finato agentic AI platform also underwent a re-architecture for finance automation. The growth guidance and new contract wins provide a clearer look at operations, but the sudden revival of a supposed one-time liability is the real test of management's credibility here.