Key Financial Figures - Consolidated Results
Income Statement (INR millions):
- Q2 Revenue from operations: ₹7,596.19
- Q2 Other income: ₹48.07
- Q2 Total income: ₹7,644.26
- Q2 Employee benefits expense: ₹5,685.80
- Q2 Finance costs: ₹148.43
- Q2 Depreciation and amortization: ₹546.63
- Q2 Other expenses: ₹1,122.73
- Q2 Total expenses: ₹7,503.59
- Q2 Profit before tax: ₹140.67
- Q2 Tax expense: ₹(51.57)
- Q2 Net profit: ₹55.45
- Q2 EPS basic: ₹(0.12)
- Q2 EPS diluted: ₹(0.12)
Half-Year Figures (INR millions):
- H1 Revenue from operations: ₹15,346.91
- H1 Other income: ₹91.34
- H1 Total income: ₹15,438.25
- H1 Profit before tax: ₹249.86
- H1 Tax expense: ₹(131.43)
- H1 Net profit: ₹118.43
Balance Sheet (INR millions as of September 30, 2026):
- Total assets: ₹19,544.95
- Total equity: ₹9,232.55
- Total liabilities: ₹10,312.40
- Paid-up equity capital: ₹1,491.79
Segment Performance - Consolidated
Q2 FY27 (INR millions):
- Business Process Management revenue: ₹5,160.52; segment result: ₹701.64
- Tech and Digital revenue: ₹2,435.67; segment result: ₹270.89
Key Financial Figures - Standalone Results
Income Statement (INR millions):
- Q2 Revenue from operations: ₹4,499.22
- Q2 Other income: ₹367.48
- Q2 Total income: ₹4,866.70
- Q2 Employee benefits expense: ₹3,599.14
- Q2 Finance costs: ₹102.22
- Q2 Depreciation and amortization: ₹351.10
- Q2 Other expenses: ₹606.58
- Q2 Total expenses: ₹4,659.04
- Q2 Profit before tax: ₹207.66
- Q2 Tax expense: ₹(18.72)
- Q2 Net profit: ₹188.94
- Q2 EPS basic: ₹1.27
- Q2 EPS diluted: ₹1.26
Half-Year Figures (INR millions):
- H1 Revenue from operations: ₹9,259.15
- H1 Other income: ₹380.39
- H1 Total income: ₹9,639.54
- H1 Net profit: ₹83.13
Balance Sheet (INR millions as of September 30, 2026):
- Total assets: ₹15,920.64
- Total equity: ₹9,113.74
- Total liabilities: ₹6,806.90
Subsidiaries and Consolidation Scope
The consolidated results include 12 subsidiaries listed in Annexure 1, including Brainhunter Systems Ltd, Mindwire Systems Limited, MFXchange Holdings, Inc., Alldigi Tech Limited, and others. The review report notes that 6 subsidiaries with significant assets (₹4,289.45 million) were reviewed by other auditors, while 5 immaterial subsidiaries were not audited.
Exceptional Items
The financial results include exceptional items related to the implementation of New Labour Codes in India, resulting in past service costs of ₹412.23 million for FY26. Previous periods included demerger expenses, professional services, and stamp duty costs.
Corporate Developments
- ESOP Grant: The company granted 3,375,059 options under ESOS 2026 at ₹10 per share, vesting over 4 years. Employee stock option expense for Q2 was ₹30.79 million.
- Cybersecurity Incident: Brainhunter Systems Ltd experienced a cybersecurity incident in August 2026 affecting some systems, substantially restored by September 30, 2026. Management assessed no material financial impact.
Tax Matters
Alldigi Tech Limited reversed provisions for foreign tax credit claims totaling ₹103.10 million for FY22-23 and FY23-24 during FY26, and ₹26.40 million for FY24-25 during H1 FY27.
Cash Flows
Consolidated H1 FY27 (INR millions):
- Net cash from operating activities: ₹510.23
- Net cash used in investing activities: ₹(207.13)
- Net cash used in financing activities: ₹(1,031.41)
- Net decrease in cash: ₹(728.31)
Standalone H1 FY27 (INR millions):
- Net cash used in operating activities: ₹(371.59)
- Net cash from investing activities: ₹15.09
- Net cash used in financing activities: ₹(461.37)
- Net decrease in cash: ₹(817.87)