PAN HR Solution Limited

Financial Performance Highlights

H2 FY26 Performance:

  • Total Income: ₹126.57 crore (INR12,656.59 lakh), representing 28% year-on-year growth
  • Net Profit: ₹4.32 crore (INR432.20 lakh), representing 158% year-on-year growth

Full Year FY26 Performance:

  • Net Profit: ₹7.50 crore (INR750.29 lakh)

Comparative Figures:

  • H2 FY25 Revenue: ₹98.85 crore
  • H2 FY25 PAT: ₹1.68 crore
  • FY25 included one-time exceptional prior period income of ₹6.5 crore

Balance Sheet Position

As of FY26 year-end:

  • Net Worth: ₹37.51 crore (INR3,751 lakh)
  • Cash and Bank Balance: ₹24.34 crore (INR2,434 lakh)
  • Virtually debt-free balance sheet

Business Operations Update

Current Deployment:

  • Workforce deployment base: Over 11,000 personnel (increased from 10,000 at IPO time)
  • Client base: More than 17 clients
  • Geographic presence: North, East, South, and West regions of India

Service Offerings:

  • Manpower outsourcing and staffing
  • Payroll management
  • Facility management
  • Compliance services
  • Third-party logistics (3PL) services (new focus area)
  • White-collar hiring services (recently started)

IPO Impact and Capital Utilization

  • Successfully completed IPO in February 2026 and listed on BSE SME platform
  • IPO proceeds strengthening balance sheet and providing flexible funds for expansion
  • Priority deployment for working capital expansion and business growth opportunities

Growth Strategy and Outlook

Revenue Target: ₹1,000 crore by FY29

Key Growth Drivers:

1. Workforce deployment scale-up and adding new business with existing clients

2. Transition from collect-and-pay to pay-and-collect model (already started at 1-2 locations)

3. Expansion into high-growth sectors: quick commerce, logistics, warehousing, manufacturing, facility management

4. Higher-margin services: payroll outsourcing, compliance management, HR outsourcing, consultancy services

5. Technology investment: HRMS platform, automation, and compliance infrastructure

Acquisition Strategy:

  • Focus on workforce management, staffing, and payroll services companies
  • Targeting companies with strong client bases that complement existing business
  • Disciplined approach to avoid unrelated diversification

Operational Metrics

  • Current manpower deployment: 11,000+ personnel
  • Target for current year: Approximately 40% turnover increase
  • Business model pillars: Compliance credibility, financial strength, integrated service model

Management Commentary

Management emphasized that FY26 represents a clearer reflection of actual business performance compared to FY25 which included exceptional items. The company is focused on sustainable growth, strong client relationships, and operational efficiency. With the strengthened balance sheet post-IPO, the company is better positioned to capture growth opportunities.