Summary of Key Information:

Reporting Period (Quarter/Year): Quarter II and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results and Corporate Actions

Audit Opinion:

Limited Review Report issued - Not a qualified, modified, or adverse opinion. The auditor reported that nothing has come to their attention that causes them to believe the statement contains any material misstatement.

Auditor’s Comment:

The balance of Sundry Debtors, Inventories, Loans and Advances and Current Liabilities are subject to Confirmation and Reconciliation. For consolidated results, the financial results of foreign subsidiaries (representing revenues of ₹9,943.82 lakhs and net profit of ₹2,500.63 lakhs) are included based on management certified accounts.

Key Financial Highlights [Rs. in Lakhs]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹1,145.64 (vs. ₹1,124.32 in Q2 FY26, +1.9% YoY)
  • Total Income: ₹1,264.02 (vs. ₹1,275.69 in Q2 FY26, -0.9% YoY)
  • Net Profit: ₹19.58 (vs. ₹24.84 in Q2 FY26, -21.2% YoY)
  • EPS: ₹0.13 (vs. ₹0.17 in Q2 FY26)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹2,139.94 (vs. ₹2,224.60 in HY FY26, -3.8% YoY)
  • Total Income: ₹2,330.81 (vs. ₹2,429.56 in HY FY26, -4.1% YoY)
  • Net Profit: ₹24.65 (vs. ₹51.72 in HY FY26, -52.3% YoY)
  • EPS: ₹0.16 (vs. ₹0.35 in HY FY26)

Balance Sheet (Standalone) as at September 30, 2026:

  • Cash and Cash Equivalents: ₹301.69 (vs. ₹603.79 as at March 31, 2026)
  • Other Equity: ₹20,222.04 (vs. ₹19,997.01 as at March 31, 2026)
  • Total Debt (Borrowings + Lease Liabilities): ₹364.89 (vs. ₹488.68 as at March 31, 2026)

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹6,635.35 (vs. ₹6,010.69 in Q2 FY26, +10.4% YoY)
  • Total Income: ₹6,809.71 (vs. ₹6,455.92 in Q2 FY26, +5.5% YoY)
  • Net Profit: ₹1,249.95 (vs. ₹1,255.94 in Q2 FY26, -0.5% YoY)
  • EPS: ₹8.34 (vs. ₹8.43 in Q2 FY26)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹13,173.37 (vs. ₹11,661.63 in HY FY26, +13.0% YoY)
  • Total Income: ₹13,382.15 (vs. ₹12,202.79 in HY FY26, +9.7% YoY)
  • Net Profit: ₹2,469.44 (vs. ₹1,856.32 in HY FY26, +33.0% YoY)
  • EPS: ₹16.50 (vs. ₹12.52 in HY FY26)

Balance Sheet (Consolidated) as at September 30, 2026:

  • Cash and Cash Equivalents: ₹908.00 (vs. ₹1,029.02 as at March 31, 2026)
  • Other Equity: ₹42,044.94 (vs. ₹39,400.89 as at March 31, 2026)
  • Total Debt (Borrowings + Lease Liabilities): ₹369.63 (vs. ₹526.44 as at March 31, 2026)
  • Other Intangible Assets: ₹27,273.22 (vs. ₹27,599.26 as at March 31, 2026)

Segment-wise Performance:

The Company operates in one reportable segment only.

Corporate Actions:

ESOP Allotment:

  • Allotted 50,726 fully paid-up Equity Shares of ₹10 each to employees under Employee Stock Option Plan 2013 (ESOP 2013)
  • Paid-up share capital increased from ₹14,98,03,210 to ₹15,03,10,470
  • Shares rank pari-passu with existing Equity Shares
  • Distinctive numbers: From 1,49,80,322 to 1,50,31,047 (Both Inclusive)

ESOP Grant:

  • Granted 1,16,050 stock options to eligible employees under ESOP 2013
  • Exercise price: ₹10 per option
  • Each option convertible into one Equity Share of ₹10 each
  • Exercise period: Commences from vesting date and expires not later than 60 months (5 years) from vesting date

Other Significant Information:

  • Client additions: 107 clients in US market; 13 clients in Europe including UK during the period
  • Employee benefit expenses for HY September 2026 includes ₹158.38 lakhs (Previous HY September 2025: ₹173.80 lakhs) recognized for stock options under ESOP schemes
  • Employee benefit expenses in Q1 ended June 30, 2026 included one-time settlements: UK entity (GBP 370K ≈ ₹471 lakhs) and Izmo France entity (Euros 105K ≈ ₹115 lakhs)
  • Other Income in FY 2024-25 included ₹30.53 Crores profit on sale of property in Whitefield, Bangalore
  • Increase in Share capital by ₹1.77 lakhs during HY September 2026 due to allotment of ESOP shares (17,745 shares)
  • The consolidated results include financial results of foreign subsidiaries based on management certified accounts
  • Subsidiaries included in consolidation: Izmo Microsystems Private Limited, Izmo Europe BVBA, Izmo Inc US, Midrange Software Pte Ltd., Izmo France SARL, Frog Data LLC, Groupe Izmo, Izmo Cars Ltd, Izmo Holdings UK Ltd, Izmo Digital, Izmo Technologies GmbH (Izmo Consulting dissolved on April 30, 2026)