H1 FY27 Financial Performance (Consolidated)

Revenue from operations: ₹802.66 Crore, representing an 86.1% year-over-year increase from H1 FY26's ₹431.36 Crore.

EBITDA (Operating profit/PBDIT): ₹91.18 Crore, showing 91.3% year-over-year growth from H1 FY26's ₹47.66 Crore.

Profit After Tax: ₹76.79 Crore, increasing 92.3% year-over-year from H1 FY26's ₹39.93 Crore.

The H1 FY27 PAT already represents 75% of the full-year FY26 PAT of ₹102.53 Crore.

Q2 FY27 Financial Performance (Consolidated)

Revenue from operations: ₹410.26 Crore, showing 76.5% year-over-year growth from Q2 FY26's ₹232.50 Crore and 4.5% quarter-over-quarter growth from Q1 FY27's ₹392.40 Crore.

Total income: ₹410.41 Crore, increasing 75.9% YoY from ₹233.27 Crore in Q2 FY26 and 4.6% QoQ from ₹392.42 Crore in Q1 FY27.

Profit Before Tax: ₹40.03 Crore, up 83.8% YoY from ₹21.78 Crore in Q2 FY26 and 8.5% QoQ from ₹36.90 Crore in Q1 FY27.

Profit After Tax: ₹39.86 Crore, increasing 84.2% YoY from ₹21.64 Crore in Q2 FY26 and 8.0% QoQ from ₹36.92 Crore in Q1 FY27.

EBITDA: ₹47.32 Crore, up 83.2% YoY from ₹25.83 Crore in Q2 FY26, with EBITDA margin of 11.53% (up 42 basis points from 11.11% in Q2 FY26).

PAT margin: 9.72% in Q2 FY27, up 41 basis points from 9.31% in Q2 FY26.

Detailed Financial Metrics (₹ Crore)

| Particulars | Q2 FY27 | Q1 FY27 | QoQ Change | Q2 FY26 | YoY Change | H1 FY27 | H1 FY26 | YoY Change |

| Revenue from operations | 410.26 | 392.40 | +4.5% | 232.50 | +76.5% | 802.66 | 431.36 | +86.1% |

| Total income | 410.41 | 392.42 | +4.6% | 233.27 | +75.9% | 802.83 | 432.34 | +85.7% |

| Total expenses | 363.08 | 348.57 | +4.2% | 207.44 | +75.0% | 711.65 | 384.68 | +85.0% |

| EBITDA (PBDIT) | 47.32 | 43.85 | +7.9% | 25.83 | +83.2% | 91.18 | 47.66 | +91.3% |

| EBITDA margin | 11.53% | 11.18% | +36 bps | 11.11% | +42 bps | 11.36% | 11.05% | +31 bps |

| Depreciation & amortization | 7.16 | 6.83 | +4.9% | 4.05 | +76.9% | 13.99 | 7.50 | +86.7% |

| Profit before tax | 40.03 | 36.90 | +8.5% | 21.78 | +83.8% | 76.93 | 40.16 | +91.6% |

| Tax | 0.17 | (0.03) | - | 0.14 | - | 0.14 | 0.22 | - |

| Profit after tax | 39.86 | 36.92 | +8.0% | 21.64 | +84.2% | 76.79 | 39.93 | +92.3% |

| PAT margin | 9.72% | 9.41% | +31 bps | 9.31% | +41 bps | 9.57% | 9.26% | +31 bps |

Rule of 40 Performance

The company achieved a Rule of 40 score of 87.29% for H1 FY27, calculated as revenue growth (75.93%) plus EBITDA margin (11.36%). Using PAT margin instead gives a score of 85.50%.

Comparative Performance

Revenue has grown 2.1x in 6 quarters, while net profit has grown 2.2x in 6 quarters compared to historical performance.