Board Meeting Details

The Board of Directors meeting was held on November 06, 2026, commencing at 11:00 a.m. and concluding at 01:50 p.m.

Financial Results Approval

The Board considered and approved the Unaudited (Standalone and Consolidated) Financial Results for the quarter and half year ended September 30, 2026, together with the Limited Review Report from the Statutory Auditors.

Key Financial Figures - Standalone (₹ million)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹27,304.5
  • Total income: ₹27,517.6
  • Profit before tax: ₹336.7
  • Profit after tax: ₹247.4
  • Basic EPS from continuing operations: ₹0.71
  • Diluted EPS from continuing operations: ₹0.70

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹52,638.3
  • Total income: ₹53,068.0
  • Profit before tax: ₹676.1
  • Profit after tax: ₹501.8
  • Basic EPS from continuing operations: ₹1.44
  • Diluted EPS from continuing operations: ₹1.43

Key Financial Figures - Consolidated (₹ million)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹28,792.4
  • Total income: ₹29,075.0
  • Profit before tax: ₹831.7
  • Profit after tax: ₹717.0
  • Basic EPS: ₹2.06
  • Diluted EPS: ₹2.04

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹55,596.4
  • Total income: ₹56,163.4
  • Profit before tax: ₹1,698.3
  • Profit after tax: ₹1,564.7
  • Basic EPS: ₹4.51
  • Diluted EPS: ₹4.45

Capital Structure Changes

Equity Share Consolidation:

Shareholders approved consolidation of equity shares from 10 shares of Re. 1/- each to 1 share of ₹10/- each fully paid up in the AGM held on September 29, 2026. Record Date for consolidation was October 13, 2026.

Share Conversion and Forfeiture:

  • Converted 10,68,411 Partly Paid-Up Equity Shares into Fully Paid-Up Equity Shares upon receipt of First and Final Call Money of ₹5/- per share (including ₹4.50 premium) aggregating to ₹5.34 million
  • Approved forfeiture of 69,43,139 Partly Paid-up Equity Shares due to non-payment of First and Final Call Money

Rights Issue Utilization:

Total rights issue proceeds (net of issue expense of ₹46 million): ₹6,965.2 million

Utilization as of September 30, 2026: ₹3,993.2 million

Unutilized proceeds: ₹2,972.0 million (temporarily invested in bank deposits)

Strategic Investments

During the quarter:

  • Acquired up to 7% equity stake in Online PSB Loans Limited for consideration not exceeding ₹65.00 crores
  • Invested up to ₹34.50 crores acquiring not exceeding 1.38% stake in Ratnaafin Capital Private Limited

Associate Status Change

Due to issuance and allotment of fresh shares by XDuce Corporation, the company's stake diluted from 20.00% to 19.75% (indirectly). Accordingly, XDuce ceased to be an associate of the company.

Fractional Share Treatment

The Board approved sale of fractional entitlements resulting from equity share consolidation and distribution of net sale proceeds (after applicable taxes, duties, levies and expenses) to eligible shareholders in proportion to their fractional entitlements.

Business Segment Information

The Group operates in two business segments:

Payment Business (Q2 FY27):

  • Revenue: ₹28,224.4 million
  • Segment profit before tax: ₹387.2 million

E-Commerce Platform Business (Q2 FY27):

  • Revenue: ₹568.0 million
  • Segment profit before tax: ₹270.5 million

Exceptional Items

Statutory impact of new Labour Codes resulted in exceptional item of ₹2.0 million (standalone) and ₹33.5 million (consolidated) for the year ended March 31, 2026, primarily due to change in wage definition affecting gratuity calculations.

Operational Highlights from Media Release

Q2 FY27 Performance:

  • Revenue from operations grew 47% YoY to ₹28,792.4 million
  • Operating EBITDA excluding other income: ₹988.8 million (up 3% YoY)
  • PAT: ₹717.0 million (up 6% YoY)
  • Payments TPV: ₹1,765.815 million (approx. ₹1.77 lakh crore), 19% QoQ growth
  • Payments net take rate: 5.06 basis points

H1 FY27 Performance:

  • Revenue from operations: ₹55,596.4 million (up 71% YoY)
  • Operating EBITDA excluding other income: ₹1,989.0 million (up 19% YoY)
  • PAT: ₹1,564.7 million (up 24% YoY)

Strategic Priorities for FY27

1. Unlocking value of Rediff ecosystem integration

2. Expanding CCAvenue payments internationally (US expansion priority)

3. Building AI-led transaction intelligence (TISco)

FY27 Outlook

Company maintains consolidated revenue guidance of ₹110,000 million to ₹130,000 million. Monitoring potential changes to merchant discount rate (MDR) policy for UPI transactions.

Auditor Review

Statutory auditors Shah & Taparia issued limited review reports for both standalone and consolidated financial results, with no modifications.

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