Financial Highlights (₹ Million)

H1FY27 Performance Comparison

| Particulars | H1FY27 | H1FY26 | YoY Change | H2FY26 | HoH Change |

| Revenue from Operations | 895 | 2,101 | -57% | 599 | 49% |

| Gross Profit | 288 | 352 | -18% | 203 | 42% |

| Gross Margin (%) | 32.2% | 16.8% | - | 33.9% | - |

| EBITDA | 78 | 158 | -50% | 23 | 246% |

| EBITDA Margin (%) | 8.7% | 7.5% | - | 3.8% | - |

| PAT | 49 | 104 | -53% | 4 | 1010% |

| PAT Margin (%) | 5.4% | 5.0% | - | 0.7% | - |

Strategic Business Update

Revenue Moderation Rationale

The moderation in H1FY27 revenue reflects a conscious strategic shift towards a services-led business model. The company discontinued product sales to a leading banking client to protect margins, though it maintains strategic cybersecurity partnership through services offerings.

Profitability Improvement

Despite revenue decline, the company reported significant margin improvement with gross margin increasing to 32.2% in H1FY27 from 16.8% in H1FY26, and EBITDA margin improving to 8.7% from 7.5%. This reflects the shift towards higher-margin cybersecurity services.

Geographic Expansion

Expansion beyond Mumbai is progressing well with new client additions across Chennai, Bengaluru, Hyderabad, Delhi, and international markets. These markets are beginning to contribute to business growth.

Service Capability Enhancement

The company onboarded 3 new vendors, strengthening its service portfolio and enhancing ability to offer integrated cybersecurity solutions. As partnerships mature, the company expects better operating efficiencies and improved margins.

Business Strategy Focus

The company prioritizes profitable business opportunities, higher-value cybersecurity engagements, and long-term customer relationships over lower-margin product-led revenues.

Order Book Details

Current Position

Strong order book of ₹927 million as of September 30, 2026, providing base for future revenue conversion.

Order Book Characteristics

The lower order book reflects strategic shift towards higher-margin, value-added services and profitable growth, maintaining disciplined focus on services-led growth strategy.

Client Acquisition

Added 12 new clients during H1FY27 across sectors and regions, reflecting continued traction in enterprise cybersecurity solutions and services.

Management Commentary

Mr. Venu Gopal Peruri, Chairman and Managing Director, commented: \"H1FY27 marks an important phase in Meta Infotech's strategic transition towards a services-led cybersecurity business. Our conscious decision to move away from certain lower-margin product sales reflects our focus on improving profitability and enhancing revenue quality, while continuing to strengthen strategic customer relationships through our services.\"

He added: \"We are encouraged by the improvement in profitability and the early contributions from our expansion into key markets. The new geographies, along with our expanded network of technology partners and broader service capabilities, provide a strong foundation for future growth.\"

Company Background

Founded in 1998, Meta Infotech is a cybersecurity solutions provider that transitioned into cybersecurity domain in 2010. The company offers over 15 cybersecurity solutions and services including Secure Access Service Edge (SASE), Database Security, Endpoint Detection & Response (EDR/XDR), Cloud Security, Identity Security, Application and API Security, Network and Perimeter Security, and Managed Security Services.

Industry Presence

Strong and growing presence across industries including Banking, Capital Markets, NBFCs, IT/ITES, Insurance, Cybersecurity, Automobile, FMCG, Pharmaceuticals, Real Estate, Manufacturing, and Conglomerates.