Financial Performance Summary

Q2 FY27 Performance (Quarter ended 30 September 2026):

  • Revenue: Rs. 48.20 Cr (highest-ever quarter), up 15.6% YoY and 5.1% QoQ
  • Net Profit: Rs. 10.57 Cr (first Rs. 10 Cr+ quarter), up 34.4% YoY and 15.0% QoQ
  • EBITDA Margin: 27.3% vs 24.6% in Q2 FY26, representing +270 bps YoY expansion

H1 FY27 Performance (6 months ended 30 September 2026):

  • H1 EBITDA: Increased 34.0% YoY
  • H1 Net Profit: Increased 27% YoY
  • Revenue Growth: 16.8% YoY
  • Employee Costs: Decreased 6.6% YoY

Operational Highlights

The company attributes its margin expansion to productivity gains from its "AI-first delivery model" and "AI copilot-powered delivery." The press release emphasizes that "growth without margin is distraction" and "margin without growth is complacency," stating that H1 FY27 delivered both.

Balance Sheet & Cash Position

  • Net Worth: Rs. 113.25 Cr, up 23.6% from Rs. 91.63 Cr in March 2026
  • Cash & Investments: Rs. 101.39 Cr, up from Rs. 74.98 Cr in March 2026
  • Operating Cash Flow: Rs. 24.55 Cr for H1 FY27, up 77% YoY, representing 124% of H1 net profit
  • Borrowings: Rs. 2.51 Cr against equity of Rs. 113 Cr, described as "virtually debt-free"

Trailing Twelve Months Performance (Oct 2025 – Sep 2026)

  • TTM Revenue: Rs. 183.71 Cr
  • TTM EBITDA: Rs. 50.04 Cr
  • TTM Net Profit: Rs. 36.26 Cr
  • TTM EPS: Rs. 19.51

Strategic Developments

The document references several strategic milestones in FY27:

  • May 2026: FY26 Results with Revenue Rs. 170 Cr, PAT Rs. 32 Cr (↑21.7% YoY), AI-First Strategy
  • June 2026: AI Engagement Signed worth €1.10 M with Finland-based AI company
  • October 2026: AI Partner Certified
  • October 2026: Enterprise AI Partner Network mentioned

Additional Information

The results are unaudited consolidated results with limited review by Statutory Auditors. All figures are in Rs. Crore unless stated, with Rs. 1 Cr = Rs. 100 Lakhs. EBITDA is defined as revenue from operations less purchases, employee and other expenses (excludes other income).

Management Commentary

Niraj C. Gemawat, Founder & Managing Director, stated: "Growth without margin is distraction. Margin without growth is complacency. H1 FY27 delivered both — and that is what the AI-first model was designed for."

The press release emphasizes that "profits outpaced revenue" and "cash outpaced profits," noting that "the AI-first delivery model is compounding exactly as designed."