Board Meeting Details

The Board of Directors meeting was held on Thursday, October 22, 2026, commencing at 04:00 p.m. and concluding at 05:00 p.m. The meeting approved the unaudited standalone and consolidated financial results along with the Limited Review Reports of the Statutory Auditors.

Standalone Financial Results (Rs. in lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from Operations: ₹90.55 (vs ₹52.78 in Q2 FY26)
  • Other Income: ₹8.85 (vs ₹1.10)
  • Total Revenue: ₹99.40 (vs ₹53.88)
  • Total Expenses: ₹60.26 (vs ₹35.01)
  • Profit Before Tax: ₹39.14 (vs ₹18.87)
  • Tax Expense: ₹10.18 (vs ₹4.91)
  • Net Profit: ₹28.96 (vs ₹13.96)
  • EPS (Basic): ₹0.92 (vs ₹0.44)
  • EPS (Diluted): ₹0.92 (vs ₹0.44)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from Operations: ₹167.36 (vs ₹105.68)
  • Other Income: ₹9.66 (vs ₹1.83)
  • Total Revenue: ₹177.02 (vs ₹107.51)
  • Total Expenses: ₹112.41 (vs ₹71.47)
  • Profit Before Tax: ₹64.61 (vs ₹36.04)
  • Tax Expense: ₹16.80 (vs ₹9.37)
  • Net Profit: ₹47.81 (vs ₹26.67)
  • EPS (Basic): ₹1.52 (vs ₹0.84)
  • EPS (Diluted): ₹1.52 (vs ₹0.84)

Consolidated Financial Results (Rs. in lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from Operations: ₹106.59 (vs ₹66.88)
  • Other Income: ₹8.85 (vs ₹1.10)
  • Total Revenue: ₹115.44 (vs ₹67.98)
  • Total Expenses: ₹98.41 (vs ₹47.64)
  • Profit Before Tax: ₹17.03 (vs ₹20.34)
  • Exceptional Items (Loss on Subsidiary): ₹5.87
  • Profit Before Tax after exceptional: ₹11.16 (vs ₹20.34)
  • Tax Expense: ₹10.00 (vs ₹5.25)
  • Net Profit: ₹1.16 (vs ₹15.09)
  • EPS (Basic): ₹0.30 (vs ₹0.48)
  • EPS (Diluted): ₹0.30 (vs ₹0.48)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from Operations: ₹211.54 (vs ₹138.39)
  • Other Income: ₹9.66 (vs ₹1.83)
  • Total Revenue: ₹221.20 (vs ₹140.22)
  • Total Expenses: ₹178.16 (vs ₹100.70)
  • Profit Before Tax: ₹43.04 (vs ₹39.52)
  • Exceptional Items (Loss on Subsidiary): ₹5.87
  • Profit Before Tax after exceptional: ₹37.17 (vs ₹39.52)
  • Tax Expense: ₹16.80 (vs ₹10.17)
  • Net Profit: ₹20.37 (vs ₹29.35)
  • EPS (Basic): ₹0.91 (vs ₹0.93)
  • EPS (Diluted): ₹0.91 (vs ₹0.93)

Subsidiary Information

Megrisoft Limited, UK ceased to be a subsidiary of the Company with effect from September 18, 2026. The consolidated financial results include the unaudited financial information of Megrisoft Limited for the period up to September 18, 2026, reflecting:

  • Total revenues of ₹16.04 lakhs for the quarter and ₹44.18 lakhs for the half-year
  • Total net loss after tax of ₹21.93 lakhs for the quarter and ₹21.57 lakhs for the half-year
  • Total comprehensive loss of ₹21.93 lakhs for the quarter and ₹21.57 lakhs for the half-year

Auditor Review

Narinder Kumar and Company, Chartered Accountants (Firm Registration Number: 030737N) issued limited review reports for both standalone and consolidated financial results. Based on their review, nothing has come to their attention that causes them to believe that the statements contain any material misstatement.

Capital Structure

Paid-up Equity Share Capital remained unchanged at ₹314.07 lakhs (face value of ₹10 per equity share) for both standalone and consolidated entities.

Asset and Liability Position (Standalone as at September 30, 2026)

  • Total Assets: ₹2,395.96 lakhs (vs ₹2,295.90 lakhs as at March 31, 2026)
  • Property, Plant and Equipment: ₹780.37 lakhs
  • Capital Work-in-Progress: ₹185.81 lakhs
  • Investment Property: ₹447.91 lakhs
  • Current Investments: ₹80.23 lakhs
  • Cash and Cash Equivalents: ₹52.53 lakhs
  • Total Equity: ₹2,303.32 lakhs
  • Current Liabilities: ₹92.64 lakhs

Cash Flow Statement (Standalone H1 FY27)

  • Net cash from operating activities: ₹146.29 lakhs
  • Net cash used in investing activities: ₹(108.53) lakhs
  • Net cash from financing activities: ₹0.00
  • Net increase in cash and cash equivalents: ₹37.66 lakhs

Notes to Accounts

1. The financial results have been reviewed by the Audit Committee and approved by the Board of Directors

2. Figures for previous periods have been regrouped or reclassified wherever necessary

3. The Group has primarily one business segment of IT/ITES services

4. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS)