Financial Highlights (H1 FY27)
- Total Income: ₹1,197.01 lakh (₹11.97 crore)
- EBITDA: ₹299.39 lakh (₹2.99 crore)
- EBITDA Margin: 25.01%
- Net Profit: ₹176.52 lakh (₹1.77 crore)
- Net Profit Margin: 14.75%
Key Business Developments
- Received work order worth ₹1.87 crore from HDFC Bank for Management Information System (MIS) project
- Received 2 new work orders from HARTRON, Haryana
- Incorporated Austere Next Private Limited with 51% holding for IT services
- Successfully delivered ServiceNow project for Genpact
- Set up wholly owned subsidiary Austere Systems LLC in Delaware, USA for IT consulting
- Became partner in Neural Nexis AI LLP to build AI-led services
- Empanelled with Indian Port Rail & Ropeway Corporation Limited (IPRCL) in September 2026 for consultancy in Digitisation, AI, ML, Security Systems, CCTV and Digital Harbour
- Empanelled with Haryana Knowledge Corporation Limited (HKCL) in October 2026 as Software Development Organisation (SDO) for design, development, implementation, operation, maintenance and support of digital solutions
Management Commentary
Mr. Shikhir Gupta, Chairman & Managing Director commented:
- Urban Digital Governance continues to be key strategic focus
- Dial 11: Urbansphere platform used by several Municipal Corporations for citizen grievance redressal, field operations, revenue collection and real-time performance monitoring
- Expanded growth initiatives through USA subsidiary establishment, new IT services company launch, and strategic partnership for AI-led services
- Growing demand for integrated, paperless and data-driven governance platforms from governments and municipalities
- Company aims to strengthen position as technology partner to Government Departments, Municipal Corporations and Urban Local Bodies
Business Outlook
- Dial 11: Urbansphere: Modular and scalable municipal digital governance platform covering Citizen Services, Revenue Management, Urban Operations, Governance, GIS and AI
- AI and Data Analytics: Embedding AI and data analytics across solutions for chatbots, document intelligence and predictive reporting
- Enterprise Solutions: Delivery of enterprise technology solutions and implementation services across SAP, ServiceNow, Oracle and Microsoft 365 platforms
- Process Excellence: Processes appraised at CMMI Level 3 under ISACA
- Board Strengthened: CA Mayank Gupta appointed as Additional Independent Director with 14 years experience in taxation and audits
- Expansion Plans: Expand Dial 11: Urbansphere with more modules, GIS and AI; scale AI-led solutions, advanced analytics dashboards, cloud/SaaS offerings and reusable technology frameworks
Disclaimer
Document contains forward-looking statements subject to risks and uncertainties including government actions, economic developments, technological risks and other factors. Company undertakes no obligation to update these statements except as required under applicable laws.