Key Events and Approvals

The Board of Directors meeting was held on 31 July 2026, commencing at 04:30 PM and concluding at 05:45 PM. The financial results were reviewed by the Audit Committee and approved by the Board. Statutory auditors Walker Chandiok & Co LLP performed a limited review and issued an unmodified review report.

Standalone Financial Results (Amount in lakhs of ₹)

Income Statement:

  • Revenue from operations: ₹1,118.18 (Q1 FY27) vs ₹923.59 (Q4 FY26) vs ₹1,198.75 (Q1 FY26)
  • Other income: ₹24.48 (Q1 FY27) vs ₹133.48 (Q4 FY26) vs ₹36.45 (Q1 FY26)
  • Total income: ₹1,142.66 (Q1 FY27) vs ₹1,057.07 (Q4 FY26) vs ₹1,235.20 (Q1 FY26)

Expenses:

  • Employee benefits expenses: ₹913.74 (Q1 FY27) vs ₹870.14 (Q4 FY26) vs ₹934.10 (Q1 FY26)
  • Outsourcing costs: ₹177.72 (Q1 FY27) vs ₹230.66 (Q4 FY26) vs ₹211.84 (Q1 FY26)
  • Finance costs: ₹12.28 (Q1 FY27) vs ₹13.16 (Q4 FY26) vs ₹15.71 (Q1 FY26)
  • Depreciation and amortization: ₹45.74 (Q1 FY27) vs ₹44.55 (Q4 FY26) vs ₹46.73 (Q1 FY26)
  • Other expenses: ₹76.83 (Q1 FY27) vs ₹82.05 (Q4 FY26) vs ₹110.98 (Q1 FY26)
  • Total expenses: ₹1,226.31 (Q1 FY27) vs ₹1,240.56 (Q4 FY26) vs ₹1,319.36 (Q1 FY26)

Profit/(Loss) and Tax:

  • Profit/(loss) before tax: (₹83.65) (Q1 FY27) vs (₹183.49) (Q4 FY26) vs (₹84.16) (Q1 FY26)
  • Tax expense/(benefit): (₹22.29) (Q1 FY27) vs (₹41.57) (Q4 FY26) vs (₹21.02) (Q1 FY26)
  • Current tax: ₹0 (Q1 FY27) vs (₹51.24) (Q4 FY26) vs ₹0 (Q1 FY26)
  • Deferred tax: (₹22.29) (Q1 FY27) vs ₹9.65 (Q4 FY26) vs (₹21.02) (Q1 FY26)
  • Tax for earlier period: ₹0 (Q1 FY27) vs ₹0.02 (Q4 FY26) vs ₹0 (Q1 FY26)
  • Net profit/(loss) for period: (₹61.36) (Q1 FY27) vs (₹141.92) (Q4 FY26) vs (₹63.14) (Q1 FY26)

Other Comprehensive Income:

  • Total other comprehensive income: ₹4.95 (Q1 FY27) vs (₹36.69) (Q4 FY26) vs ₹18.82 (Q1 FY26)
  • Total comprehensive income: (₹56.41) (Q1 FY27) vs (₹178.61) (Q4 FY26) vs (₹44.32) (Q1 FY26)

Capital Structure:

  • Paid-up equity share capital: ₹639.22 lakh (face value ₹10 each) - unchanged across all periods
  • Other equity: Not specified for current quarter

Earnings Per Share:

  • Basic and diluted EPS: (₹0.96) (Q1 FY27) vs (₹2.22) (Q4 FY26) vs (₹0.99) (Q1 FY26)

Consolidated Financial Results (Amount in lakhs of ₹)

Income Statement:

  • Revenue from operations: ₹5,474.28 (Q1 FY27) vs ₹3,880.41 (Q4 FY26) vs ₹4,106.50 (Q1 FY26)
  • Other income: ₹0.00 (Q1 FY27) vs ₹0.00 (Q4 FY26) vs ₹0.00 (Q1 FY26)
  • Total income: ₹5,474.28 (Q1 FY27) vs ₹3,880.41 (Q4 FY26) vs ₹4,106.50 (Q1 FY26)

Expenses:

  • Employee benefits expenses: ₹3,519.77 (Q1 FY27) vs ₹3,252.20 (Q4 FY26) vs ₹3,242.10 (Q1 FY26)
  • Outsourcing costs: ₹1,250.50 (Q1 FY27) vs ₹822.77 (Q4 FY26) vs ₹816.75 (Q1 FY26)
  • Finance costs: ₹18.36 (Q1 FY27) vs ₹17.01 (Q4 FY26) vs ₹15.84 (Q1 FY26)
  • Depreciation and amortization: ₹68.69 (Q1 FY27) vs ₹91.87 (Q4 FY26) vs ₹78.45 (Q1 FY26)
  • Impairment on intangible assets: ₹0 (Q1 FY27) vs ₹335.81 (Q4 FY26) vs ₹0 (Q1 FY26)
  • Other expenses: ₹312.35 (Q1 FY27) vs ₹275.61 (Q4 FY26) vs ₹373.79 (Q1 FY26)
  • Total expenses: ₹5,169.67 (Q1 FY27) vs ₹4,795.27 (Q4 FY26) vs ₹4,526.93 (Q1 FY26)

Profit/(Loss) and Tax:

  • Profit/(loss) before tax: ₹304.61 (Q1 FY27) vs (₹914.86) (Q4 FY26) vs (₹420.43) (Q1 FY26)
  • Tax expense: ₹15.27 (Q1 FY27) vs (₹10.91) (Q4 FY26) vs ₹10.40 (Q1 FY26)
  • Current tax: ₹37.57 (Q1 FY27) vs (₹20.58) (Q4 FY26) vs ₹31.42 (Q1 FY26)
  • Deferred tax: (₹22.30) (Q1 FY27) vs ₹9.65 (Q4 FY26) vs (₹21.02) (Q1 FY26)
  • Tax for earlier period: ₹0 (Q1 FY27) vs ₹0.02 (Q4 FY26) vs ₹0 (Q1 FY26)
  • Net profit/(loss) for period: ₹289.34 (Q1 FY27) vs (₹903.95) (Q4 FY26) vs (₹430.83) (Q1 FY26)

Other Comprehensive Income:

  • Total other comprehensive income: ₹7.72 (Q1 FY27) vs ₹163.62 (Q4 FY26) vs ₹10.49 (Q1 FY26)
  • Total comprehensive income: ₹297.06 (Q1 FY27) vs (₹740.33) (Q4 FY26) vs (₹420.34) (Q1 FY26)

Attribution Analysis:

  • Net profit attributable to:
  • Shareholders of Holding Company: ₹196.09 (Q1 FY27) vs (₹653.30) (Q4 FY26) vs (₹240.40) (Q1 FY26)
  • Non-controlling interest: ₹93.25 (Q1 FY27) vs (₹250.65) (Q4 FY26) vs (₹190.43) (Q1 FY26)
  • Total comprehensive income attributable to:
  • Shareholders of Holding Company: ₹204.44 (Q1 FY27) vs (₹489.22) (Q4 FY26) vs (₹230.51) (Q1 FY26)
  • Non-controlling interest: ₹92.61 (Q1 FY27) vs (₹251.11) (Q4 FY26) vs (₹189.83) (Q1 FY26)

Capital Structure and EPS:

  • Paid-up equity share capital: ₹639.22 lakh (unchanged)
  • Other equity: ₹3.07 lakh (Q1 FY27)
  • Basic and diluted EPS: Not annualized (Q1 FY27) vs (₹10.22) (Q4 FY26) vs (₹3.76) (Q1 FY26)

Subsidiaries Included in Consolidation

The consolidated results include the following subsidiaries:

1. IT Cats LLC, USA

2. Sapplica Inc., USA

3. Elite Computer Consultants Inc., USA

4. Sarral Global, Inc., USA

Auditor Qualification

One subsidiary (not named) with interim financial information reflecting total revenues of ₹12.10 lakh, net profit after tax of ₹5.32 lakh, and total comprehensive income of ₹5.32 lakh for the quarter ended 30 June 2026 was not reviewed by their auditors. This information was considered not material to the Group.

Business Segment Information

The Company/Group is primarily engaged in Staffing and Information Technology related services to customers in India and Overseas, considered as a single reportable business segment.

Notes on Comparative Figures

The figures for the quarter ended 31 March 2026 are balancing figures between the audited full financial year ended March 2026 and the unaudited year-to-date figures up to the nine months ended 31 December 2025.