Financial Performance Summary

Q2 FY27 Financial Highlights (Quarterly):

  • Total Income: INR 877.98 Cr (vs INR 788.93 Cr in Q2 FY26) - 11.3% YoY growth
  • Revenue from Operations: INR 855.40 Cr (vs INR 757.02 Cr in Q2 FY26)
  • Other Income: INR 22.58 Cr (vs INR 31.91 Cr in Q2 FY26)
  • Platform Revenue: INR 133 Cr
  • License Revenue: INR 164 Cr
  • AMC Revenue: INR 160 Cr
  • License-linked Revenue (License + Platform + AMC): INR 457 Cr (vs INR 423 Cr in Q2 FY26)
  • Collections: INR 815 Cr (vs INR 753 Cr in Q2 FY26)
  • EBITDA: INR 198.95 Cr (vs INR 184.32 Cr in Q2 FY26)
  • Profit Before Tax: INR 137.03 Cr (vs INR 136.11 Cr in Q2 FY26)
  • Profit After Tax: INR 104.13 Cr (vs INR 102.27 Cr in Q2 FY26)
  • Software Development Expenses: INR 375.42 Cr
  • SG&A Expenses: INR 252.50 Cr
  • R&E Expenses: INR 51.12 Cr
  • Gross Margin: INR 502.56 Cr
  • Provision for Taxation: INR 32.90 Cr

LTM Q2 FY27 Financial Highlights (Last Twelve Months):

  • Total Income: INR 3,387.62 Cr (vs INR 2,892.45 Cr in LTM Q2 FY26) - 17.1% YoY growth
  • Revenue from Operations: INR 3,285.74 Cr (vs INR 2,792.60 Cr in LTM Q2 FY26)
  • Other Income: INR 101.88 Cr (vs INR 99.85 Cr in LTM Q2 FY26)
  • Platform Revenue: INR 591 Cr (vs INR 392 Cr in LTM Q2 FY26)
  • License-linked Revenue: INR 1,768 Cr (vs INR 1,497 Cr in LTM Q2 FY26)
  • Collections: INR 3,282 Cr (vs INR 2,604 Cr in LTM Q2 FY26)
  • Cash and Cash Equivalents: INR 1,216 Cr (vs INR 927 Cr in LTM Q2 FY26)
  • EBITDA: INR 735.89 Cr (vs INR 721.14 Cr in LTM Q2 FY26)
  • Profit Before Tax: INR 503.37 Cr (vs INR 536.32 Cr in LTM Q2 FY26)
  • Profit After Tax: INR 377.95 Cr (vs INR 402.28 Cr in LTM Q2 FY26)
  • Over INR 100 Cr attributed towards AI investments in both EBITDA and PBT

Comparative Financial Table (INR Cr):

| Particulars | Q2 FY27 | Q1 FY27 | Q2 FY26 | LTM Q2 FY27 | LTM Q2 FY26 | FY26 | FY25 |

| Revenue from Operations | 855.40 | 845.17 | 757.02 | 3,285.74 | 2,792.60 | 3,042.97 | 2,495.50 |

| Other Income | 22.58 | 27.01 | 31.91 | 101.88 | 99.85 | 117.79 | 81.53 |

| Total Income | 877.98 | 872.18 | 788.93 | 3,387.62 | 2,892.45 | 3,160.76 | 2,577.03 |

| Software Dev Expenses | 375.42 | 378.26 | 340.47 | 1,468.25 | 1,210.78 | 1,374.81 | 1,070.18 |

| Gross Margin | 502.56 | 493.91 | 448.46 | 1,919.37 | 1,681.66 | 1,785.96 | 1,506.85 |

| SG&A Expenses | 252.50 | 241.48 | 206.48 | 950.21 | 743.44 | 847.07 | 691.38 |

| R&E Expenses | 51.12 | 58.17 | 57.66 | 233.27 | 217.08 | 235.85 | 207.90 |

| EBITDA | 198.95 | 194.26 | 184.32 | 735.89 | 721.14 | 703.03 | 607.57 |

| Depreciation & Amortization | (59.66) | (57.60) | (48.82) | (229.19) | (178.04) | (208.90) | (156.41) |

| Profit Before Tax | 137.03 | 135.41 | 136.11 | 503.37 | 536.32 | 493.08 | 442.07 |

| Provision For Taxation | (32.90) | (33.34) | (33.84) | (125.43) | (134.05) | (124.58) | (109.29) |

| Profit After Tax | 104.13 | 102.07 | 102.27 | 377.95 | 402.28 | 368.51 | 332.77 |

Product Launch: MSOCK AI-Native Engineering System

Intellect launched MSOCK (Multidimensional Multilayer System of Connected Knowledge), an AI-native engineering system designed to help enterprises understand, modernize and transform complex, mission-critical systems. Key features:

  • Introduces enterprise knowledge layer between AI and applications
  • Makes enterprise knowledge connected, computable and visual
  • 39 patents pending
  • Built around 21-dimensional Enterprise Spatial Graph
  • Accelerated deliveries for 250 clients
  • Enables project delivery many weeks ahead of planned schedules
  • Designed to complement foundation models, copilots, AI agents and AI-DLC pipelines

Management Commentary

Arun Jain, Chairman and Managing Director, stated: "The launch of MSOCK this quarter marks a defining milestone in our journey towards AI-Native enterprise transformation. By making enterprise knowledge connected, computable and contextual, MSOCK addresses one of the most significant challenges in deploying AI across mission-critical systems. Together with eMACH.ai and Purple Fabric, this architectural innovation strengthens our competitive differentiation and opens new opportunities in enterprise modernisation."

Board Announcement

The Board approved the appointment of Mr. Suresh Eshwara Prabhala as Additional Director (Independent Director) for a term of five years, subject to shareholder approval. His background includes:

  • 28 years experience in Indian financial services industry
  • Currently CIO at 2380 Capital (Alternative Investment Fund)
  • Previously General Partner and Co-Founder of ADV Partners Capital Management (US$1.25 billion AUM)
  • Former Managing Director and Head of India for Mount Kellett Capital Management (US$8 billion AUM)
  • Former Executive Director and India head for Principal Investments at JPMorgan
  • MBA from IIM Calcutta, B.Tech in Mechanical Engineering from Delhi College of Engineering

Business Development and Customer Wins

eMACH.ai and Purple Fabric secured 21 new customers in Q2 FY27, including 8 destiny deals:

Destiny Deals:

1. Mexico's largest bank - eMACH.ai Trade Finance and Supply Chain Finance

2. Nordic region's leading bank - eMACH.ai Payments for UK operations

3. German payment service provider - eMACH.ai Consumer Core Banking

4. UK joint venture - eMACH.ai Wealth for wealth management firms

5. Bahrain digital bank - eMACH.ai Core Banking

6. Maldives Shariah-compliant bank - eMACH.ai Digital Engagement Platform

7. Cargills Bank (Sri Lanka) - eMACH.ai Core Banking Architecture

8. Major UAE financial institution - Digital Transaction Banking Solution Suite

Other Significant Deals:

  • US/Spain financial services provider - eMACH.ai Payments
  • Canadian financial co-operative - eMACH.ai Digital Engagement Platform
  • Another Canadian financial co-operative - eMACH.ai Digital Engagement Platform
  • American P&C carrier - Magic Submission and Xponent
  • Jordanian financial institution - Digital Transaction Banking Solution Suite
  • Malawi's largest commercial bank - eMACH.ai Core Banking
  • Kuwait's leading FMCG retailer - eMACH.ai Retail 6DX
  • Indian public sector bank - wealth management system enhancement
  • Indian private sector bank - eMACH.ai Consumer Core Banking
  • Indian financial services conglomerate - eMACH.ai Retail Loan Management
  • Global CRDMO - iAPX for Accounts Payable operations
  • Indian precision engineering manufacturer - iAPX for invoice processing

Industry Recognition

Intellect received two honors at ET Enterprise AI Awards 2026:

  • Arun Jain recognized as "Indian CEO Driving AI Innovation"
  • Purple Fabric recognized as "Best AI Development Platform"

Leadership Appointment

Vijay Anand joined as Senior Executive Vice President and Chief Operating Officer, Wholesale Banking. Background includes:

  • Former roles at FIS Global, Mastercard and Infosys
  • At FIS: Led Product and Engineering for Digital One
  • At Mastercard: Led global Cards Processing and Digital Payments across 35+ markets
  • Contributed to U.S. Federal Reserve's Faster Payments and Secure Payments Task Forces

Investor Conference Call

The company will host an Investor Earnings Call on October 30, 2026, at 5:00 PM IST to discuss Q2 FY27 financial performance.