Financial Performance Summary

Consolidated Results - Q2 FY27:

  • Revenue: Rs.105.50 crore (vs Rs.104.08 crore in Q1 FY26, +1.4% QoQ; vs Rs.101.63 crore in Q2 FY25, +3.8% YoY)
  • Net Profit: Rs.7.48 crore (vs Rs.8.36 crore in Q1 FY26; vs Rs.7.56 crore in Q2 FY25)

Consolidated Results - H1 FY27 (YTD):

  • Revenue: Rs.209.58 crore (vs Rs.202.93 crore in H1 FY25, +3.3% YoY)
  • Net Profit: Rs.15.84 crore (vs Rs.16.31 crore in H1 FY25, which included exceptional gain of Rs.1.91 crore)

Standalone Results - Q2 FY27:

  • Revenue: Rs.31.91 crore (vs Rs.33.93 crore in Q1 FY26; vs Rs.39.15 crore in Q2 FY25)
  • Net Profit: Rs.3.78 crore (vs Rs.3.84 crore in Q1 FY26; vs Rs.5.38 crore in Q2 FY25)

Standalone Results - H1 FY27 (YTD):

  • Revenue: Rs.65.84 crore (vs Rs.74.30 crore in H1 FY25)
  • Net Profit: Rs.7.62 crore (vs Rs.10.04 crore in H1 FY25)

Liquidity Position

  • Cash and liquid investments: Rs.204.72 crore as of September 30, 2026
  • This represents a 21.2% increase from a year ago

Management Commentary

Javed Gaya, Chairman of the Board:

  • Expressed encouragement with the quarter's performance and cost/margin discipline
  • Stated priority is to turn growth into sustainable, profitable returns
  • Committed to selective investments in solutions, AI and talent with healthy liquidity position
  • Thanked customers, employees and shareholders for continued trust

Karim Dhanani, Chief Executive Officer:

  • Described holding steady in an uncertain market despite two long-standing clients scaling back
  • Noted absorption of client impact while still growing revenue
  • Won first-time managed engineering engagements with several clients
  • Repositioning as an engineering partner that owns programs and brings market-ready solutions
  • Emphasized AI built on engineering depth with strong partners
  • Serving customers in Asia-Pacific, North America and UK
  • Expressed excitement about future prospects and strong positioning for delivery

Business Overview

Mindteck is a global engineering and technology solutions company with expertise in:

  • Storage industry
  • Medical device industry
  • Semiconductor industry
  • Analytical instrument industries
  • AI & Data Services (LLM-based solutions, analytics, intelligent automation)
  • IoT & Embedded Systems (Ignite platform for smart buildings, energy, healthcare)
  • Product Engineering (hardware, firmware, software for regulated industries)
  • Quality Engineering & Testing (CMMI Level 5 processes)
  • BPM Services (domain-focused operations for insurance, BFSI)