Board Meeting Details

The Board of Directors meeting was held on October 23, 2026, commencing at 11:30 a.m. and concluding at 12:10 p.m.

Key Board Approvals

1. Approved and took on record the Un-Audited Standalone Financial Results for Q2 and Half Year ended September 30, 2026

2. Approved and took on record the Un-Audited Consolidated Financial Results for Q2 and Half Year ended September 30, 2026

3. Declared 2nd Interim Dividend for FY 2026-27 of ₹1 per share

Dividend Details

  • Dividend per share: ₹1
  • Record date: October 29, 2026
  • Financial impact: Dividend payment of ₹948.82 lakhs (as evidenced in cash flow statements)

Trading Window Closure

The trading window for dealing in securities shall remain closed until October 27, 2026, as communicated to all Designated Persons.

Standalone Financial Results (Amount in Lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26 vs Q1 FY27)

  • Revenue from Operations: ₹3,592.98 (Q2 FY27) vs ₹3,944.93 (Q2 FY26) vs ₹4,012.91 (Q1 FY27)
  • Total Revenue: ₹3,626.49 (Q2 FY27) vs ₹3,958.60 (Q2 FY26) vs ₹4,078.26 (Q1 FY27)
  • Employee Benefit Expenses: ₹2,073.05 (Q2 FY27) vs ₹1,904.18 (Q2 FY26) vs ₹2,142.52 (Q1 FY27)
  • Profit Before Tax: ₹775.34 (Q2 FY27) vs ₹1,120.92 (Q2 FY26) vs ₹1,139.21 (Q1 FY27)
  • Profit After Tax: ₹591.90 (Q2 FY27) vs ₹836.11 (Q2 FY26) vs ₹848.94 (Q1 FY27)
  • Basic EPS: ₹2.50 (Q2 FY27) vs ₹3.53 (Q2 FY26) vs ₹3.58 (Q1 FY27)

Half Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from Operations: ₹7,605.89 (H1 FY27) vs ₹7,711.31 (H1 FY26)
  • Total Revenue: ₹7,704.75 (H1 FY27) vs ₹7,734.65 (H1 FY26)
  • Profit Before Tax: ₹1,914.54 (H1 FY27) vs ₹2,041.76 (H1 FY26)
  • Profit After Tax: ₹1,440.84 (H1 FY27) vs ₹1,498.36 (H1 FY26)
  • Basic EPS: ₹6.07 (H1 FY27) vs ₹6.32 (H1 FY26)

Consolidated Financial Results (Amount in Lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26 vs Q1 FY27)

  • Revenue from Operations: ₹3,779.80 (Q2 FY27) vs ₹3,967.05 (Q2 FY26) vs ₹4,144.10 (Q1 FY27)
  • Total Revenue: ₹3,816.68 (Q2 FY27) vs ₹3,980.72 (Q2 FY26) vs ₹4,211.40 (Q1 FY27)
  • Profit Before Tax: ₹907.96 (Q2 FY27) vs ₹1,126.46 (Q2 FY26) vs ₹1,216.64 (Q1 FY27)
  • Profit After Tax: ₹724.52 (Q2 FY27) vs ₹840.81 (Q2 FY26) vs ₹920.66 (Q1 FY27)
  • Basic EPS: ₹3.05 (Q2 FY27) vs ₹3.55 (Q2 FY26) vs ₹3.88 (Q1 FY27)

Half Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from Operations: ₹7,923.90 (H1 FY27) vs ₹7,733.56 (H1 FY26)
  • Total Revenue: ₹8,028.08 (H1 FY27) vs ₹7,756.89 (H1 FY26)
  • Profit Before Tax: ₹2,124.60 (H1 FY27) vs ₹2,027.60 (H1 FY26)
  • Profit After Tax: ₹1,645.19 (H1 FY27) vs ₹1,483.34 (H1 FY26)
  • Basic EPS: ₹6.94 (H1 FY27) vs ₹6.26 (H1 FY26)

Subsidiary Performance

The consolidated results include four subsidiaries:

1. Kartik Solutions Private Limited (India)

2. Kingpin Technology Consultants LLC (UAE)

3. Ksolves IT USA Inc. (USA)

4. Ksolves Australia Pty Ltd (Australia)

Subsidiaries contributed:

  • Q2 FY27: Total assets ₹395.32 lakhs, revenue ₹192.14 lakhs, net profit ₹132.63 lakhs
  • H1 FY27: Revenue ₹323.33 lakhs, net profit ₹204.35 lakhs

Standalone Balance Sheet Position (as of September 30, 2026)

  • Total Assets: ₹5,584.34 lakhs (vs ₹6,150.93 lakhs as of March 31, 2026)
  • Equity Share Capital: ₹1,186.02 lakhs (unchanged)
  • Reserves & Surplus: ₹2,630.74 lakhs (vs ₹2,042.09 lakhs as of March 31, 2026)
  • Cash and Cash Equivalents: ₹1,478.87 lakhs (vs ₹583.75 lakhs as of March 31, 2026)
  • Trade Receivables: ₹2,445.34 lakhs (vs ₹3,042.17 lakhs as of March 31, 2026)

Consolidated Balance Sheet Position (as of September 30, 2026)

  • Total Assets: ₹5,837.38 lakhs (vs ₹6,205.17 lakhs as of March 31, 2026)
  • Equity Share Capital: ₹1,186.02 lakhs (unchanged)
  • Reserves & Surplus: ₹2,882.06 lakhs (vs ₹2,089.07 lakhs as of March 31, 2026)
  • Cash and Cash Equivalents: ₹1,762.46 lakhs (vs ₹692.39 lakhs as of March 31, 2026)
  • Trade Receivables: ₹2,546.41 lakhs (vs ₹3,103.95 lakhs as of March 31, 2026)

Cash Flow Statements

Standalone Cash Flows (H1 FY27)

  • Net cash from operating activities: ₹2,037.63 lakhs
  • Net cash used in investing activities: ₹(35.28) lakhs
  • Net cash used in financing activities: ₹(1,107.25) lakhs (including dividend payment of ₹948.82 lakhs)
  • Net increase in cash: ₹895.11 lakhs

Consolidated Cash Flows (H1 FY27)

  • Net cash from operating activities: ₹2,199.02 lakhs
  • Net cash used in investing activities: ₹(21.70) lakhs
  • Net cash used in financing activities: ₹(1,107.25) lakhs (including dividend payment of ₹948.82 lakhs)
  • Net increase in cash: ₹1,070.07 lakhs

Auditor Review

Both standalone and consolidated financial results were subject to limited review by statutory auditors A Y & Company (FRN: 020829C). The auditors issued unmodified opinions stating that nothing has come to their attention that causes them to believe the results contain any material misstatement.