Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended 30 June 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Standalone and Consolidated Financial Results
Audit Opinion:
The Statutory Auditors, P. Murali & Co., Chartered Accountants, issued an unqualified report for both the standalone and consolidated financial results after conducting a limited review.
Key Financial Highlights [All amounts in Indian Rupees Millions]:
Standalone Results:
Revenue from Operations: ₹149.12 (Q1 FY27) vs ₹158.12 (Q1 FY26) [5.7% decrease YoY] vs ₹347.38 (Q4 FY26)
Total Income: ₹158.55 (Q1 FY27) vs ₹166.38 (Q1 FY26)
Net Profit/(Loss): (₹3.52) loss (Q1 FY27) vs ₹105.75 profit (Q1 FY26)
EPS: (₹0.07) basic and diluted (Q1 FY27) vs ₹2.39 (Q1 FY26)
Other Equity: Not specified for quarter end; was ₹2,416.28 as of 31.03.2026
Consolidated Results:
Revenue from Operations: ₹270.22 (Q1 FY27) vs ₹192.37 (Q1 FY26) [40.5% increase YoY] vs ₹417.20 (Q4 FY26)
Total Income: ₹278.72 (Q1 FY27) vs ₹200.57 (Q1 FY26)
Net Profit/(Loss) after Tax: (₹25.52) loss (Q1 FY27) vs ₹126.00 profit (Q1 FY26)
- Attributable to Owners of the Company: ₹7.14 profit (Q1 FY27)
- Attributable to Non-Controlling Interest: (₹32.66) loss (Q1 FY27)
EPS: (₹0.52) basic and diluted (Q1 FY27) attributable to owners
Other Equity: Not specified for quarter end; was ₹753.06 as of 31.03.2026
Segment-wise Performance:
Standalone Segment Revenue (Q1 FY27):
- Information Technology/Software Services: ₹21.76
- Software License Resale: ₹127.36
Total: ₹149.12
Standalone Segment Results - Profit/(Loss) Before Tax, Depreciation & Interest (Q1 FY27):
- Information Technology/Software Services: ₹2.19 profit
- Software Licenses Resale: ₹1.29 profit
Total: ₹3.48 profit
Consolidated Segment Revenue (Q1 FY27):
- India - Information Technology Service/Software Services: ₹21.76
- Software Licenses Resale: ₹126.40
- E-Vehicle Mobility: ₹121.38
- Less: Inter Company Sales: (₹1.39)
Total: ₹268.15
Consolidated Segment Results - Profit/(Loss) Before Tax (Q1 FY27):
- India IT/Software Services & Software Licenses combined: (₹5.00) loss
- E-Vehicle Mobility: (₹21.00) loss
Total: (₹26.00) loss
Consolidated Segment Assets (as of 30.06.2026):
- India IT/Software Services & Software Licenses: ₹3,176.907
- E-Vehicle Mobility: ₹1,682.511
Total Assets: ₹4,850.418
Consolidated Segment Liabilities (as of 30.06.2026):
- E-Vehicle Mobility: ₹1,576.938
Total Liabilities: ₹1,782.706 (Note: IT/Software segments not separately specified)
Consolidated Segment Capital Employed (as of 30.06.2026):
- India IT/Software Services & Software Licenses: ₹3,020.627
- E-Vehicle Mobility: ₹827.769
Total Capital Employed: ₹3,848.396
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities were reported for the quarter.
Other Significant Information:
During the quarter, the company availed a new Overdraft Facility of ₹100.00 million from ICICI Bank, MG Road Branch, Secunderabad, Hyderabad, with an interest rate of 9% per annum (Repo Rate of 5.26% plus spread of 3.76%). Concurrently, the company closed its ₹50 million Overdraft Facility with Union Bank of India, Somajiguda Branch, Hyderabad.
The consolidated results include the financials of subsidiaries: Staytop Systems, Inc., USA; Roqit Greenfleet Digital Solutions Private Limited; ETO Motors Private Limited; and step-down subsidiary ETO Mobility Services Private Limited.
The auditors noted that they did not review the interim financial statements of 3 subsidiaries included in the consolidation, which reflected total revenues of ₹123.71 million and total net loss after tax of ₹(22.50) million for the quarter. Their conclusion is based on reports from other auditors.
Previous period figures have been re-grouped/re-classified where necessary.