Financial Performance Highlights

Revenue Performance:

  • Q2 FY27 consolidated revenue from operations: ₹1,047.0 million (vs. ₹811.8 million in Q2 FY26, +29.0% YoY)
  • H1 FY27 consolidated revenue from operations: ₹1,925.1 million (vs. ₹2,326.2 million in H1 FY26)
  • Sequential growth: Q2 FY27 revenue increased by 19.2% compared to ₹878.1 million in Q1 FY27

Profitability Performance:

  • Q2 FY27 Profit Before Tax (PBT): ₹188.9 million (vs. ₹155.6 million in Q2 FY26)
  • Q2 FY27 Profit After Tax (PAT): ₹137.4 million (vs. ₹99.4 million in Q2 FY26)
  • H1 FY27 PAT: ₹205.5 million (vs. ₹175.3 million in H1 FY26, +17.2% YoY)

Cost Optimization:

  • Q2 FY27 sub-contracting and technical fees: ₹625.8 million (vs. ₹476.9 million in Q2 FY26)
  • H1 FY27 sub-contracting and technical fees: ₹1,211.9 million (vs. ₹1,725.9 million in H1 FY26, -29.8% YoY)
  • Cost-to-revenue ratio improved from 74.2% in H1 FY26 to 63.0% in H1 FY27

Cash Flow and Balance Sheet:

  • H1 FY27 net cash flow from operating activities: ₹865.3 million (vs. outflow of ₹190.4 million in H1 FY26)
  • Cash and cash equivalents as of September 30, 2026: ₹1,084.9 million (vs. ₹55.9 million as of March 31, 2026)
  • Total consolidated equity as of September 30, 2026: ₹2,798.2 million (vs. ₹1,938.4 million at FY26 end)

Strategic and Operational Highlights

Business Model: SRIT is an AI-led, sector-agnostic technology company focused on developing turnkey solutions across multiple industries. The company operates under a single reportable business segment: AI-native Software Development and Deployment Services.

Industry Focus Areas:

  • Healthcare: Exploring technology-led opportunities and digital solutions
  • E-Governance: Leveraging software development for digital governance initiatives
  • Telecom and Broadband: Building on existing technology capabilities for digital connectivity
  • Other Industries: Evaluating opportunities across sectors where AI and technology integration can address business requirements

IPO Completion:

  • Successfully completed Initial Public Offering comprising fresh issue of 16.80 million equity shares
  • Issue price: ₹130 per share
  • Total IPO size: ₹2,184.0 million
  • Listing date: October 6, 2026 on NSE (Symbol: SRIT) and BSE (Scrip Code: 544965)

Outlook and Priorities for FY27

The company outlined the following strategic priorities without providing specific revenue or EBITDA margin guidance:

  • AI-Led Technology and Innovation: Strengthening AI capabilities and developing intelligent, scalable solutions
  • Business Development: Strengthening customer relationships and exploring new opportunities
  • Sector-Agnostic Expansion: Maintaining flexible approach across industries
  • Operational Efficiency: Optimizing execution costs and improving project delivery
  • Technology Development: Building scalable platforms and intelligent solutions
  • Financial Discipline: Maintaining cost management and prudent capital allocation
  • Inorganic Growth: Pursuing strategic investments and partnerships, specifically mentioning associations with Carnot Research and Blossom
  • Corporate Governance: Strengthening governance standards and investor engagement post-listing

Management Commentary

Managing Director (Mr. Nambiar Raghavan Madhusoodan): Emphasized the company's AI-led technology focus, sector-agnostic approach, and commitment to building a sustainable technology-led business. Highlighted the IPO completion as a significant milestone.

CFO (Mr. Manesh George): Focused on financial discipline, cost optimization, and the significant improvement in operating cash flows. Emphasized maintaining fundamentals to support growth plans.

Additional Information

The intimation is also available on the company's website at www.sritindia.com. The document was signed by Nidhi Hitesh Vaswani, Company Secretary & Compliance Officer (ICSI Membership No: F9251) on November 14, 2026.