Financial Performance Highlights

Q2 FY27 Performance (Consolidated)

  • Revenue from Operations: ₹61,851 million, representing 48.8% YoY growth
  • EBITDA: ₹2,201 million, representing 112.2% YoY growth
  • EBITDA Margin: 3.56%, expanding by 106 basis points YoY
  • Net Profit (PAT): ₹1,307 million, representing 120.8% YoY growth
  • Diluted EPS: ₹18.63, representing 111.5% YoY growth

H1 FY27 Performance (Consolidated)

  • Revenue from Operations: ₹112,870 million, representing 54.5% YoY growth
  • EBITDA: ₹3,754 million, representing 81.2% YoY growth
  • EBITDA Margin: 3.33%, expanding by 49 basis points YoY
  • Net Profit (PAT): ₹2,353 million, representing 94.6% YoY growth
  • Diluted EPS: ₹34.27, representing 90.0% YoY growth

Strategic Business Developments

Acquisition Activity

  • Acquired 67% stake in VDA Infosolutions to expand into enterprise IT, cloud infrastructure, cybersecurity, system integration, and managed IT services business

Joint Venture

  • Formalized Joint Venture with Japan-based Restar Corporation to establish a dedicated Embedded & Semiconductor solutions company
  • Targeting India's USD 2.5+ billion Semiconductor distribution market
  • Includes localized design and engineering support, talent transfer, and technical services tailored to the Indian market

Business Transformation

  • Accelerated transition from conventional volume-led distributor to high-value integrated technology solutions provider
  • Three distinct growth engines: ICT Distribution, Enterprise Division, and Embedded & Semiconductor Solutions
  • Expanded branch operations to deepen last-mile access across Tier 2, Tier 3, and emerging regional commercial hubs
  • Concluded AI Bootcamps across 6 cities training enterprise partners on accelerated computing and AI workloads

Management Commentary

Kapal Pansari, Managing Director

Emphasized the company's transformation into "India's most trusted integrated technology solutions company" under the 'One Platform. Multiple Engines' roadmap. Highlighted focus on expanding into high-growth, high-value opportunities including digital infrastructure, semiconductors, cloud, and enterprise solutions. Noted disciplined approach to inventory management, faster cash conversion cycles, and prudent working capital management strengthening operational leverage and capital efficiency.

Rajesh Goenka, Director & Chief Executive Officer

Highlighted strong execution across foundational distribution network and new growth engines. Noted the Joint Venture with Restar Corporation provides "decisive first-mover advantage" in India's expanding electronics design and manufacturing market. Stated mission to make IT products available in each of the 800+ districts in India through continued expansion of branch footprint and customer access points.

Operational Metrics

  • Distribution infrastructure spanning 728+ locations
  • 57 branches, 50 service centres, and 72 warehouses
  • Partnerships with 89 global brands
  • Serving over 10,289 channel partners

Additional Information

  • Financial statements prepared under Ind AS available on company website
  • Quarterly conference call scheduled for November 6, 2026 at 10:00 AM IST
  • Universal access dial-ins: +91-22-6280 1455 / +91-22-7115 8828
  • Analyst/institutional investor presentation to be submitted to stock exchanges and hosted on company website