Financial Highlights - Annual (FY26)

Revenue from Operations stood at ₹288.00 crore for FY26, a 30.76% increase from ₹220.26 crore in FY25.

Total Revenue (including other income of ₹13.76 crore) was ₹301.76 crore, up 32.67% from ₹227.45 crore in FY25.

Purchase of Stock-in-trade was the largest expense at ₹237.75 crore.

Employee Expenses were ₹6.50 crore and Other Expenses were ₹3.42 crore.

Total Expenditure was ₹247.67 crore, a 35.93% increase from FY25.

EBITDA (excluding other income) was ₹40.33 crore, a 5.98% increase from ₹38.06 crore in FY25. The EBITDA Margin was 14.00%, a decrease of 327 basis points from 17.28% in FY25.

Depreciation was ₹0.58 crore.

Profit Before Tax (PBT) was ₹53.52 crore, a 19.60% increase from ₹44.75 crore in FY25.

Tax expense was ₹12.77 crore.

Profit After Tax (PAT) was ₹40.75 crore, a 19.28% increase from ₹34.16 crore in FY25. The PAT Margin was 14.15%, a decrease of 136 basis points from 15.51% in FY25.

Basic EPS was ₹20.28.

The company has zero debt, with no interest or finance costs reported.

Financial Highlights - Half Yearly (H2 FY26)

Revenue from Operations for the half-year was ₹148.36 crore.

EBITDA (excluding other income) was ₹21.51 crore, with an EBITDA Margin of 15.48%.

PAT was ₹23.48 crore, with a PAT Margin of 16.89%.

Basic EPS for the half-year was ₹11.68.

Balance Sheet (as of March 31, 2026)

Total Equity and Liabilities were ₹196.99 crore.

Shareholders' Funds increased to ₹138.64 crore from ₹97.89 crore in the previous year. This consists of Share Capital of ₹20.09 crore and Reserves and Surplus of ₹118.55 crore.

The company has No Non-Current Liabilities and No Borrowings (long-term or short-term).

Current Liabilities were ₹58.35 crore, primarily consisting of Trade Payables of ₹55.29 crore.

Total Assets were ₹196.99 crore.

Fixed Assets were ₹23.23 crore, including Property, Plant and Equipment of ₹1.19 crore and Intangible Assets of ₹0.03 crore.

Non-Current Investments were ₹21.61 crore.

Current Assets were ₹173.75 crore, comprising Current Investments of ₹102.37 crore, Receivables of ₹54.88 crore, Cash & Bank Balance of ₹2.37 crore, and Other Current Assets of ₹14.13 crore.

The company held No Inventories.

Key Ratios

Return on Equity (ROE) for FY26 was 34.45%.

Return on Capital Employed (ROCE) for FY26 was 45.25%.

Business Overview & Operational Highlights

The company is a provider of end-to-end Data Centre Solutions and a system integration specialist.

It serves 5 major industries, with BFSI being its largest vertical.

Business Divisions are split into Products and Services.

Products include Data Centre Infrastructure, Virtualization and Private Cloud, Data Protection & Resiliency, Networking and Cybersecurity Solutions, Secure Application Delivery, and Hybrid Cloud Solutions.

Services include Technology Advisory, System Integration, Operational Management, and Expert Technical Services.

The company has over 310+ OEM badges & certifications and partnerships with tier-one OEMs like IBM, Dell, Veritas, and Fortinet.

It added 10+ New Enterprise Customers in FY26.

The company emphasizes its Asset-Light Operating Model, which features a customer-led cash flow cycle, minimal inventory exposure, and structured vendor partnerships. This model is stated to support strong liquidity, efficient capital utilization, healthy operating cash flows, and a scalable business model.

Management Commentary

Mr. Hiren Rajendra Mehta, Chairman & Managing Director, commented that FY26 demonstrated resilient growth momentum supported by strong client relationships and expanding enterprise engagements. The year marked a phase of strategic expansion with successful onboarding of new clients. The company continued to invest in innovation, new-age technologies, strategic partnerships, and capability enhancement. The outlook remains optimistic due to opportunities in enterprise technology adoption, digital infrastructure investments, cloud migration, cybersecurity, and data center transformation.