Financial Performance Highlights

Q2 FY27 Consolidated Results:

  • Revenue From Operations: ₹204.53 crore (174.69% increase YoY from ₹74.46 crore in Q2 FY26)
  • Other Income: ₹1.20 crore
  • Total Income: ₹205.74 crore
  • EBITDA (including Other Income): ₹14.39 crore (48.82% increase YoY)
  • EBITDA Margin: 7.00% (581 basis points decrease from 12.81% in Q2 FY26)
  • Finance Cost: ₹1.28 crore
  • Depreciation: ₹0.47 crore
  • PBT: ₹12.65 crore
  • Tax: ₹3.39 crore
  • PAT: ₹9.26 crore (46.98% increase YoY)
  • PAT Margin: 4.50% (385 basis points decrease from 8.35% in Q2 FY26)
  • Basic EPS: Not quantified in disclosure
  • Q2 FY27 GMV: ₹532.54 crore

H1 FY27 Consolidated Results:

  • Revenue From Operations: ₹348.86 crore (259.35% increase YoY from ₹97.08 crore in H1 FY26)
  • Other Income: ₹3.24 crore
  • Total Income: ₹352.10 crore
  • EBITDA (including Other Income): ₹23.62 crore (108.29% increase YoY)
  • EBITDA Margin: 6.71% (478 basis points decrease from 11.49% in H1 FY26)
  • Finance Cost: ₹1.84 crore
  • Depreciation: ₹0.89 crore
  • PBT: ₹20.89 crore
  • Tax: ₹5.47 crore
  • PAT: ₹15.42 crore (97.19% increase YoY)
  • PAT Margin: 4.38% (355 basis points decrease from 7.93% in H1 FY26)
  • H1 FY27 GMV: ₹784.54 crore

Balance Sheet as on September 30, 2026

  • Total Equity & Liabilities: ₹242.10 crore (increased from ₹183.04 crore as on March 31, 2026)
  • Equity Share Capital: ₹21.04 crore (unchanged)
  • Reserves and surplus: ₹114.77 crore (increased from ₹100.32 crore)
  • Total Assets: ₹242.10 crore
  • Trade Receivables: ₹109.88 crore (increased from ₹49.03 crore)
  • Cash & Bank Balances: ₹32.89 crore (increased from ₹31.79 crore)

Management Commentary

Mr. Amit Bhatia, Chairman & Managing Director, stated that H1 FY27 marks the company's highest-ever first-half Revenue From Operations of ₹348.86 crore since incorporation in 2004, surpassing entire FY26 revenue. The company has strategically transformed from a predominantly MICE-focused organization into an integrated, technology-enabled travel solutions company with multiple complementary business verticals.

Revised Guidance

The company has revised its FY27 revenue target upwards to more than 2.5x FY26 revenues, reflecting confidence in growth potential and diversification strategy progress.

Business Transformation and Operations

The company has rebranded from Mach Conferences and Events Limited to Mach Travel Solutions Limited, representing its evolution into an integrated travel platform. Key developments include:

  • Entered Government & Institutional Projects
  • Launched enterprise travel management
  • Introduced Corporate Self Booking Tool
  • Developed MachTravel.com B2C platform (ongoing public beta testing)
  • 7 operational offices across India
  • 140+ corporate clients onboarded since April 2026
  • 350+ employees
  • 20+ years of operation since incorporation in 2004
  • Member of 11 industry associations including IATA, GBTA, PATA, IATO

Market Opportunity

The presentation highlights India's emerging MICE industry with key growth catalysts including infrastructure expansion (350 operational airports target by 2047), policy support, and government investment (INR 2,541.06 crore allocated in Budget 2025–26 for tourism infrastructure).