Praruh Technologies H1 Revenue Surges 378% to ₹84 Crore

The company reported unaudited standalone financial results for the half year ended September 30, 2026.

Revenue from operations stood at ₹84.06 crore, compared to ₹17.60 crore in H1 FY26, representing a year-on-year growth of 378%.
EBITDA increased to ₹11.34 crore from ₹1.95 crore, a growth of 482%.
EBITDA margin improved to 13.49% from 11.07%, an improvement of approximately 242 basis points.
Profit After Tax (PAT) was ₹8.18 crore compared to ₹0.98 crore, representing growth of 7.33%.

Management outlined a strategic transition from a traditional tech platform business to an AI-driven business model.

NeuralOps Software:

The company is developing its own software called NeuralOps, an AI-enabled solution for managing IT infrastructure.
The global market for this software is estimated to reach $9 billion by 2031.
The software is currently in the testing and R&D stage, with its first phase scheduled for launch in January 2027.
It will be sold through two models: outright purchase and Software-as-a-Service (SaaS).
The software is expected to increase PAT by 5-10% from FY28 onwards and is targeted to contribute 20-30% to revenue in the upcoming years.
Its applications include data centers, cybersecurity, and defense.

New Defense Vertical:

The company is establishing a dedicated defense vertical, identified as a major growth opportunity.
A senior personnel with a defense background is expected to join in November or December 2026 to lead this vertical.
Services will include creating Detailed Project Reports (DPRs) for defense projects (arms, ammunition, IT, data centers), alongside providing data center and cybersecurity solutions.
Revenue from defense is targeted to reach ₹50-70 crore in FY28 and grow to triple figures subsequently.

Market Focus Shift:

Historically, 90% of revenue came from PSUs and government, and 10% from enterprise.
The company aims to increase the enterprise market contribution to 20-30% by FY28.
A dedicated enterprise team is being established to achieve this.

Partnerships:

The company has partnerships with Google (for AI solutions, including Gemini), Wizeverse AI (for AI/ML platforms), Cisco/Splunk, and IBM specifically for cybersecurity solutions.
These partnerships are aimed at enhancing the company's portfolio and eligibility for large tenders.

Current Revenue Mix (H1 FY27):

The ₹84.06 crore revenue for H1 FY27 was split approximately as follows:

₹50-55 crore came from PSUs (including data center and technology revenue).
The remainder came from the enterprise segment (services and equipment installations).

Defence Projects:

The company has already executed projects in the defense sector, including:

Optical networks for the Indian Air Force (through RailTel).
Data center projects for the Indian Navy (managing pension and salary data applications).
The defense contribution in the last 5 years has been around 15-25%.

Data Center Business:

The company is already present in the data center business, catering to clients including:

Delhi Metro Rail Corporation (DMRC) for CCTV and clock applications.
RailTel for security and network services.
ONGC for monitoring the entire oil exploration process.
Revenue from the data center business is expected to exceed ₹100 crore in FY27 and FY28.

Cybersecurity Business:

The company provided cybersecurity products and services for the G20 event in 2023.
It is currently participating in 24 tenders related to cybersecurity services.
A dedicated SaaS-based cybersecurity offering for SMEs and BFSI customers is under development.

The company has a confirmed order book of ₹154 crore as of November 4, 2026.
Of this, ₹84 crore has already been executed in H1 FY27.
Full-year FY27 revenue is targeted to be in the range of ₹175-200 crore.