Key Financial Figures - Q2 FY27 (Standalone)
- Revenue from operations: ₹1,421.13 million (Q2 FY26: ₹930.11 million)
- Other income: ₹16.79 million (Q2 FY26: ₹9.22 million)
- Total income: ₹1,437.92 million (Q2 FY26: ₹939.33 million)
- Employee benefits expense: ₹195.49 million (Q2 FY26: ₹141.37 million)
- Finance costs: ₹89.61 million (Q2 FY26: ₹61.08 million)
- Depreciation and amortization: ₹258.79 million (Q2 FY26: ₹166.65 million)
- Other expenses: ₹654.06 million (Q2 FY26: ₹412.55 million)
- Profit before exceptional items and tax: ₹239.97 million (Q2 FY26: ₹157.68 million)
- Exceptional items: ₹4.07 million (net gain)
- Profit before tax: ₹244.04 million (Q2 FY26: ₹157.68 million)
- Tax expense: ₹62.11 million (Q2 FY26: tax credit of ₹328.43 million)
- Net profit: ₹181.93 million (Q2 FY26: ₹486.11 million)
- EPS basic: ₹1.84 (Q2 FY26: ₹4.86)
- EPS diluted: ₹1.81 (Q2 FY26: ₹4.71)
Half-Year FY27 Performance (Standalone)
- Revenue from operations: ₹2,684.40 million (H1 FY26: ₹1,766.09 million)
- Net profit: ₹260.29 million (H1 FY26: ₹613.85 million)
- EPS basic: ₹2.64 (H1 FY26: ₹6.14)
- EPS diluted: ₹2.60 (H1 FY26: ₹5.95)
Balance Sheet Position (Standalone as of September 30, 2026)
- Total assets: ₹9,308.98 million (March 31, 2026: ₹6,411.27 million)
- Equity share capital: ₹104.07 million (March 31, 2026: ₹34.47 million)
- Borrowings (non-current): ₹1,533.68 million (March 31, 2026: ₹1,097.87 million)
- Cash and cash equivalents: ₹316.18 million (March 31, 2026: ₹230.94 million)
Exceptional Items Details
- Q2 FY26: ₹4.07 million net gain comprising:
- IPO-related expenses: ₹8.01 million expense
- Reversal of labor code impact: ₹12.08 million gain
- Q1 FY26: ₹113.66 million loss due to warehouse fire incident
- H1 FY26: Net exceptional loss of ₹109.59 million
Remuneration Revisions
Approved with effect from April 1, 2026:
- Ketan Krishna (DIN: 09032220), Executive Director and Head - People & Governance
- Hakim Fakhruddin Ujjainwala, Chief Financial Officer
- Deepika N. Bhandiwad, Company Secretary & Compliance Officer
- Rohan Ajeet Kulkarni, VP Finance & Accounts (transitioned to Head - Risk, Internal Audit & Business Finance/Chief Risk Officer effective November 10, 2026)
- Prabhat Verma, Head Engineering & Product (additional designation as Chief Information Security Officer effective November 10, 2026, subject to documentation)
- Akash Jangid, Head Business Operations & Experience
Revisions cover fixed and variable components, approved based on roles, responsibilities, performance, industry benchmarks, and company's remuneration policy.
IPO Completion Details
- Completed: September 17, 2026
- Total shares: 31,080,011 equity shares of face value ₹1 each
- Offer price: ₹404 per share (₹384 discount for employees)
- Fresh issue: 3,714,482 shares aggregating ₹1,500 million
- Offer for sale: 27,365,529 shares aggregating ₹11,055.67 million by selling shareholders
- IPO expenses: ₹73.40 million (₹65.39 million adjusted against securities premium, ₹8.01 million expensed)
Utilization of Issue Proceeds
- Period: Quarter ended September 30, 2026
- Monitoring agency: CRISIL Ratings Limited
- Finding: No deviation or variation from objects stated in offer document
- Statement reviewed by Audit Committee
Board Meeting Details
- Date: November 10, 2026
- Time: 6:40 PM to 7:31 PM
- Venue: Not specified
Auditor Information
- Review conducted by: Price Waterhouse Chartered Accountants LLP
- Report date: November 10, 2026
- Conclusion: Unmodified review opinion on standalone and consolidated financial results
Other Material Information
- CCPS conversion: 65,013 preference shares converted to 65,883,702 equity shares on July 20, 2026
- Insurance claim filed for June 2026 warehouse fire incident (₹113.66 million impact)
- Salary structure revised effective August 1, 2026 to align with new Labor Codes