Key Financial Figures (Standalone, INR Lakhs)

Revenue Performance

  • Revenue from Operations: ₹3,222.02 Lakhs in Q1 FY27 vs ₹2,578.58 Lakhs in Q1 FY26, representing 25% YoY growth
  • SaaS Revenue: ₹1,003.25 Lakhs (31% of total revenue) vs ₹644.89 Lakhs (25% of total revenue) a year ago

Expense Breakdown

  • COGS: ₹287.48 Lakhs, down 19% YoY (₹356.93 Lakhs in Q1 FY26)
  • Employee Cost: ₹667.10 Lakhs, broadly at par with prior year (₹678.14 Lakhs)
  • Other Expenses: ₹1,307.38 Lakhs, increased significantly from ₹775.87 Lakhs

Profitability Metrics

  • EBITDA: ₹960.07 Lakhs, up 25% YoY (₹767.64 Lakhs)
  • EBITDA Margin: ~29.8%, held steady despite investments
  • Depreciation & Amortisation: ₹683.47 Lakhs, up 21% YoY (₹564.62 Lakhs)
  • Finance Cost: ₹91.95 Lakhs, down 14% YoY (₹106.89 Lakhs)
  • Other Income: ₹74.87 Lakhs, down 39% YoY (₹123.39 Lakhs)
  • Profit Before Tax: ₹259.51 Lakhs, up 18% YoY (₹219.52 Lakhs)
  • Tax Expenses: ₹67.62 Lakhs, up 20% YoY (₹56.57 Lakhs)
  • Profit After Tax: ₹191.89 Lakhs, up 18% YoY (₹162.95 Lakhs)

Key Financial Figures (Consolidated, INR Lakhs)

Consolidated Performance

  • Revenue from Operations: ₹3,328.46 Lakhs, up 23% YoY (₹2,701.29 Lakhs)
  • Employee Cost: ₹807.63 Lakhs, down 2% YoY (₹793.99 Lakhs)
  • Other Expenses: ₹1,327.68 Lakhs, up 63% YoY (₹812.11 Lakhs)
  • EBITDA: ₹905.67 Lakhs, up 23% YoY (₹738.26 Lakhs)
  • EBITDA Margin: 27.2%
  • Profit After Tax: ₹115.87 Lakhs, up 5% YoY (₹110.36 Lakhs)

Orders and Business Development

Marquee Orders Achieved in Q1 FY27

  • ODPS 3.0 — Gujarat: ₹2,000 Lakhs (mission-critical urban governance platform)
  • Mitsubishi — WMS Sustain: ₹120 Lakhs (corporate sector validation)

Business Pipeline

  • Promising pipeline of ₹48,982 Lakhs presents strong growth opportunities

Management Commentary

Revenue Drivers

  • 25% increase in turnover primarily driven by higher SaaS revenue
  • Lower third-party product sales brought COGS down 19% YoY

Cost Structure

  • Employee cost held broadly at par with the prior year
  • Depreciation & Amortisation increased on higher capitalised development cost
  • Other Expenses rose mainly on higher licence utilisation and elevated technical & professional fees, both scaling with sales growth
  • EBITDA margin held steady at ~29.8% as the cost base scaled with growth investment

Growth Strategy

Dual-Engine Approach

  • Government Sector: Proven growth with deep relationships across urban local bodies, industrial boards and state departments nationwide. Growth expected to continue through eTDR and Smart Governance Platform.
  • Corporate Enterprise Sector: New focused growth in private sector leveraging two decades of complex project expertise to serve developers, contractors and enterprises through Civit SUITE and Civit TWIN.

Corporate Enterprise Growth Plan

  • eTDR Exchange: Live in Mumbai (BMC) since June 2026 with zero cost to government, revenue from transaction fees. Multi-state traction including Maharashtra mandate, proposal with Andhra Pradesh, and interest from Telangana, NCR, Rajasthan & Haryana.
  • Civit SUITE of Products: Extending from government to developers & contractors. 35+ private clients onboarded in pilot outreach with aggressive dedicated outreach program underway.
  • Civit TWIN: AI-led proposal clearance tool for architects launched in Mumbai with SaaS subscription model layered on existing 18-state Civit PERMIT base.