Financial Performance Highlights (Consolidated)

Q1 FY27 vs Q1 FY26 Performance:

  • Revenue from Operations: ₹76.72 Cr (vs ₹62.75 Cr in Q1FY26), up 22.26% YoY
  • Other Income: ₹1.30 Cr (vs ₹0.45 Cr in Q1FY26), up 188.67% YoY
  • Total Income: ₹78.02 Cr (vs ₹63.20 Cr in Q1FY26), up 23.45% YoY
  • Operational Expenses: ₹2.86 Cr (vs ₹12.06 Cr in Q1FY26), down 76.30% YoY
  • Employee Benefits Expense: ₹42.97 Cr (vs ₹34.27 Cr in Q1FY26), up 25.40% YoY
  • Other Expenses: ₹15.14 Cr (vs ₹7.84 Cr in Q1FY26), up 93.10% YoY
  • Total Expenditure: ₹60.97 Cr (vs ₹54.17 Cr in Q1FY26), up 12.56% YoY
  • EBITDA: ₹17.05 Cr (vs ₹9.03 Cr in Q1FY26), up 88.79% YoY
  • EBITDA Margin: 22.22% (vs 14.39% in Q1FY26), expansion of 782 bps
  • Depreciation & Amortization: ₹2.41 Cr (vs ₹1.95 Cr in Q1FY26), up 23.38% YoY
  • Finance Costs: ₹1.52 Cr (vs ₹1.29 Cr in Q1FY26), up 17.73% YoY
  • Profit Before Tax: ₹13.12 Cr (vs ₹5.79 Cr in Q1FY26), up 126.65% YoY
  • Tax: ₹3.12 Cr (vs ₹1.75 Cr in Q1FY26), up 78.03% YoY
  • PAT: ₹10.01 Cr (vs ₹4.04 Cr in Q1FY26), up 147.71% YoY
  • PAT Margin: 13.04% (vs 6.44% in Q1FY26), expansion of 656 bps
  • EPS: ₹0.79 (vs ₹0.16 in Q1FY26)

Sequential Performance (Q1FY27 vs Q4FY26):

  • Revenue from Operations decreased from ₹99.52 Cr in Q4FY26 to ₹76.72 Cr in Q1FY27
  • Total Income decreased from ₹100.54 Cr in Q4FY26 to ₹78.02 Cr in Q1FY27
  • PAT decreased from ₹13.22 Cr in Q4FY26 to ₹10.01 Cr in Q1FY27

Business Mix Shift

Purchase of Stock-in-Trade declined approximately 75% YoY to ₹2.80 Cr (from ₹11.19 Cr in Q1FY26), indicating accelerated transition from hardware reselling to proprietary software platforms and recurring digital solutions.

Recent Order Wins and Project Execution

The company continues execution on marquee government projects including:

  • Indian Navy: Upgrading from a 20-year-old system to cloud-native, mobile-first digital platform supporting 1 lakh naval staff for personnel, leave, travel, asset, and document management
  • Uttar Pradesh Transport Department: Selected for statewide implementation of Smart Card Driving Licenses (SCDLs) covering personalization, printing, dispatch, and delivery
  • Ministry of External Affairs: Continuing decade-long partnership for redesign, migration, and maintenance of digital platforms with AI-driven features
  • Airport Authority of India: Securing data networks across 15 airports ensuring safe data transmission between control towers, airport systems, and flights
  • Standardized Digital Framework for Government of India: Creating scalable framework to harmonize digital footprints of ministries and departments

New Subsidiary and Product Development

AI4Pharma Tech Ltd: New wholly-owned subsidiary focused on pharmaceutical technology solutions

Product Portfolio:

  • Developed 5 innovative products addressing pharmaceutical manufacturing compliance and quality control
  • Target market: 25,000 plants globally
  • Expected annual recurring revenue: ₹1-5 Crore per plant over next three years
  • Revenue models: Subscription-based SaaS and Enterprise Suite implementations with recurring AMC revenues

Flagship Products:

1. APQRSmart™: AI-powered solution automating Annual Product Quality Review

2. GMP Navigator: Platform organizing GMP data, regulations, and documentation

3. Drug Approval Navigator: Real-time access to FDA-approved drug product data

4. Batch Record Verification: AI-driven solution for paper-based Batch Manufacturing Records

5. Label Verification: Advanced image recognition for pharmaceutical artwork validation

Company Overview

  • 30+ years of IT excellence
  • 1500+ qualified IT professionals
  • 4000+ projects delivered successfully
  • Expertise in cognitive computing, hyperautomation, robotics, cloud, analytics
  • Presence in Ahmedabad (Head Office), Mumbai, New Delhi, Canada, USA, UK

Board of Directors

  • Mr. Vipul Thakkar: Chairman & Managing Director, 30+ years experience in E-Governance
  • Mr. Minesh Doshi: Whole-Time Director, 30+ years in process and quality management
  • Mr. Jignesh Patel: Whole-Time Director, 30+ years in IT infrastructure and sales
  • Mr. Palak Shah: Whole-Time Director, 30+ years in software engineering
  • Mr. Himanshu Jain: Whole-Time Director, 30+ years in turnkey project delivery

Certifications and Standards

  • CMMi Level 5
  • ISO 37001:2016 (Anti-bribery management systems)
  • ISO/IEC 20000 (IT service management)
  • ISO/IEC 27001 (Information security management)
  • ISO/IEC 9001 (Quality management)
  • ISO 10002:2018 (Customer satisfaction - Complaints handling)
  • ISO/IEC 27701:2019 (Privacy information management)
  • ISO 22301:2019 (Business continuity management)

Business Segments

1. Software Services: Custom apps, digital platforms, AI & cloud solutions

2. Business Consulting Services: SAP, Odoo & Microsoft Dynamics implementation

3. E-Governance Services: Digital India portals, smart city solutions

4. Cloud & Facility Management Services: Cloud migration, data center support

5. System Integration: LAN/WAN, IT infrastructure & security solutions

Way Forward Strategy

  • Deepen E-Governance leadership in Digital India programs
  • Invest in AI, Cloud, Cybersecurity, RPA & Data Analytics
  • Drive recurring revenues via Managed Services & AMC
  • Strengthen international presence in UK, Europe, USA & Canada
  • Scale AI4Pharma across global pharma clients
  • Enhance global delivery capabilities and workforce upskilling