Key Financial Figures - Consolidated Results (₹ in lakhs)

Quarterly Performance (Q2 FY27)

  • Revenue from operations: ₹17,017.71 (22.5% YoY growth from ₹13,896.89 in Q2 FY26)
  • Total income: ₹17,122.10
  • Profit before tax: ₹2,212.49 (39.8% YoY growth from ₹1,582.67)
  • Tax expense: ₹535.08
  • Net profit: ₹1,677.41 (40.5% YoY growth from ₹1,193.92)
  • Earnings per share (basic): ₹7.65 (₹5.26 in Q2 FY26)
  • Total comprehensive income: ₹1,810.72

Half-Yearly Performance (H1 FY27)

  • Revenue from operations: ₹31,960.68 (17.5% YoY growth from ₹27,211.97)
  • Total income: ₹32,238.15
  • Profit before tax: ₹3,690.35 (16.2% YoY growth from ₹3,174.98)
  • Tax expense: ₹896.00
  • Net profit: ₹2,794.35 (13.3% YoY growth from ₹2,467.01)
  • Earnings per share (basic): ₹12.63 (₹10.87 in H1 FY26)
  • Total comprehensive income: ₹2,852.79

Expense Breakdown (Q2 FY27)

  • Employee benefits expense: ₹11,814.13
  • Finance costs: ₹69.36
  • Depreciation and amortization: ₹476.50
  • Other expenses: ₹2,549.62
  • Total expenses: ₹14,909.61

Segment Reporting - Geographical Information

Revenue by Geography (Q2 FY27)

  • Within India: ₹9,103.70 (53.5% of total)
  • Outside India: ₹7,914.01 (46.5% of total)
  • North America: ₹6,215.16
  • Europe & UK: ₹1,698.85

Notes to Financial Results

Note 3: Legal Proceedings

A former employee initiated legal proceedings against Onward Technologies Inc. (US subsidiary). Company has filed motion to dismiss and based on legal assessment, believes adverse outcome is not probable. No provision recognized - disclosed as contingent liability only.

Note 4: Exceptional Items

Previous year included exceptional item of ₹315.50 lakhs related to one-time incremental expense from implementation of new Labour Codes effective November 21, 2025.

Note 5: Buyback Completion

Board approved buyback on May 12, 2026 of up to 5,48,780 equity shares (2.41% of paid-up capital) at ₹340 per share aggregating ₹18.63 crore. Buyback completed through tender offer route:

  • Record date: May 18, 2026
  • Tendering period concluded: May 29, 2026
  • Shares bought back and extinguished: 5,48,780 equity shares on June 11, 2026
  • Capital redemption reserve created

Note 6: R&D Tax Credit

Current period expenses include R&D tax credit of ₹292.60 lakhs (net of professional fees) from finalization and true-up of eligible R&D expenditure credits.

Balance Sheet Highlights (Consolidated)

As at September 30, 2026 (₹ in lakhs)

  • Total assets: ₹37,652.61
  • Property, plant and equipment: ₹4,944.77
  • Right-of-use assets: ₹4,064.19
  • Cash and cash equivalents: ₹4,798.67
  • Trade receivables (billed): ₹9,890.96
  • Trade receivables (unbilled): ₹4,899.72
  • Total equity: ₹24,643.66
  • Lease liabilities: ₹4,354.63 (non-current ₹3,119.98 + current ₹1,234.65)

Audit Review

Limited review conducted by B S R & Co. LLP, Chartered Accountants, who issued unmodified review conclusion. Review covered 7 entities including parent and subsidiaries. Financial information of 4 subsidiaries not reviewed individually as not material to Group.