Financial Highlights

Profit & Loss Statement (₹ in crore):

  • Revenue from Operations: ₹222.96 in H1 FY27 vs ₹149.03 in H1 FY26, representing 49.61% YoY growth
  • Other Income: ₹4.57 in H1 FY27 vs ₹4.37 in H1 FY26
  • Total Revenue: ₹227.53 in H1 FY27 vs ₹153.40 in H1 FY26 (48.32% YoY growth)
  • Purchase of Stock-in-trade: ₹184.57 in H1 FY27 vs ₹125.72 in H1 FY26
  • Employee Expenses: ₹3.30 in H1 FY27 vs ₹2.84 in H1 FY26
  • Other Expenses: ₹1.96 in H1 FY27 vs ₹1.65 in H1 FY26
  • Total Expenditure: ₹189.83 in H1 FY27 vs ₹130.21 in H1 FY26 (45.79% YoY growth)
  • EBITDA (excluding other income): ₹33.13 in H1 FY27 vs ₹18.82 in H1 FY26 (76.04% YoY growth)
  • EBITDA Margin: 14.86% in H1 FY27 vs 12.63% in H1 FY26 (223 bps improvement)
  • Depreciation: ₹0.24 in H1 FY27 vs ₹0.25 in H1 FY26
  • Interest/Finance Cost: ₹0.00 in both H1 FY27 and H1 FY26
  • PBT: ₹37.46 in H1 FY27 vs ₹22.94 in H1 FY26 (63.30% YoY growth)
  • Tax: ₹9.29 in H1 FY27 vs ₹5.67 in H1 FY26
  • PAT: ₹28.17 in H1 FY27 vs ₹17.27 in H1 FY26 (63.12% YoY growth)
  • PAT Margin: 12.63% in H1 FY27 vs 11.59% in H1 FY26 (104 bps improvement)
  • Basic EPS: ₹14.02 in H1 FY27 vs ₹8.60 in H1 FY26

Balance Sheet Position (₹ in crore):

  • Shareholders Funds: ₹155.76 as of September 30, 2026 vs ₹138.64 as of March 31, 2026
  • Share Capital: Remained constant at ₹20.09 across all periods (March 31, 2025; March 31, 2026; September 30, 2026)
  • Reserves and Surplus: ₹135.67 as of September 30, 2026 vs ₹118.55 as of March 31, 2026
  • Current Liabilities: ₹44.48 as of September 30, 2026 vs ₹58.35 as of March 31, 2026
  • Trade Payables: ₹38.27 as of September 30, 2026 vs ₹55.29 as of March 31, 2026
  • Fixed Assets: ₹13.05 as of September 30, 2026 vs ₹23.23 as of March 31, 2026
  • Current Assets: ₹187.18 as of September 30, 2026 vs ₹173.75 as of March 31, 2026
  • Current Investments: ₹136.88 as of September 30, 2026 vs ₹102.37 as of March 31, 2026
  • Receivables: ₹31.01 as of September 30, 2026 vs ₹54.88 as of March 31, 2026
  • Cash & Bank Balance: ₹14.46 as of September 30, 2026 vs ₹2.37 as of March 31, 2026

Performance Metrics:

  • H1 FY27 ROE (Not Annualized): 16.64%
  • H1 FY27 ROCE (Not Annualized): 16.64%

Business Updates

  • Added over 10 new enterprise customers during H1 FY27
  • Maintains strategic OEM partnerships with IBM, Dell, Cohesity, and Fortinet
  • Holds over 310+ OEM badges & certifications
  • Serves diverse industries including BFSI (largest vertical), with clients such as DCB Bank, ICICI Bank, ICICI Prudential, TATA AIA, Pidilite, Generali, Torrent, Voltas, Worldline, Hindustan Petroleum, FIS, and Edelweiss

Strategic Focus Areas

  • Broadening service offerings (cybersecurity, managed operations)
  • Deeper public-sector pursuits
  • Geographic expansion
  • Improving recurring revenue mix

Management Commentary

From the Chairman & Managing Director: The company demonstrated strong growth momentum supported by healthy demand for enterprise technology solutions, deeper client relationships, and its comprehensive portfolio of data centre infrastructure, cloud, cybersecurity and system integration services. Going forward, the company will focus on converting expanding customer relationships into new business opportunities while strengthening presence across key industry segments.