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IT Services & Software: Q1 FY27 results (April-June 2026)
111 companies have declared IT Services & Software Q1 FY27 results so far, the latest on 1 Oct 2026.
Across the 106 non-financial companies with a year-ago quarter to compare, sales grew +16.9% and net profit +12.4% year on year, and the combined operating margin widened 41 bps to 21.2%.
For the one bank, net interest income grew +40.2% and net profit +92.5%.
59% of companies grew net profit; 2 turned a loss into a profit; 31% beat their own profit trend and 44% fell short of it.
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IT Services & Software Q1 FY27 scoreboard
Sales growth
+16.9%
YoY, 106 companies combined; median +15.7%
Net profit growth
+12.4%
YoY combined; median +8.7%
Operating margin
21.2%
+41 bps YoY
Grew profit
59%
2 turnarounds, 5 into loss
Vs own profit trend
31% / 44%
above / below, 26% in line
Banks: NII growth
+40.2%
1 bank; profit +92.5%
Price since results
-9.4%
median; 25% of 99 stocks up
Other-income heavy
30
25%+ of pre-tax profit from other income & one-offs
Latest IT Services & Software Q1 FY27 results 111
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M Cap ₹202 Cr
P/E 13.8
PEG 0.05
Since results +40.7%
Profit +999% above its own trend Operating margin expanded 5926 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+327.7% -52.8%
6.6 14.0 1.6
Operating profit
— -55.4%
5.6 12.6 0.4
OPM %
+5926 bps -495 bps
85.1% 90.0% 25.8%
Net profit
— -54.4%
4.2 9.2 0.2
PAT margin %
+5101 bps -231 bps
63.3% 65.6% 12.3%
EPS (₹)
— -82.6%
0.68 3.90 0.03
Quality of profit
Core 100% Other income & one-offs 0%
Pre-tax profit ₹5.5 Cr: core business ₹5.5 Cr.
Core profit YoY: —
Cash & debt
FY26 cash from operations −₹3.0 Cr:
-28% of FY26 net profit of ₹10.6 Cr.
Borrowings ₹2.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2.6 ₹6.6
+153.2% above
Net profit ₹0.4 ₹4.2
+999.0% above
AI read of the filing Calsoft Q1 FY27 Net Profit at ₹4.19 Cr; Auditor flags ₹23.37 Cr in unconfirmed receivables Watch
Revenue from operations grew 328% YoY to ₹6.63 Cr in Q1 FY27 Net profit increased to ₹4.19 Cr from ₹0.19 Cr in the year-ago period Auditor flagged ₹23.37 Cr in trade receivables pending confirmation, exceeding the total TTM revenue
Full analysis →
M Cap ₹29,067 Cr
P/E 52.2
PEG —
Since results -5.3%
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+33.8% +5.9%
1,665 1,572 1,244
Operating profit
+33.7% +6.1%
267 252 200
OPM %
-1 bps +4 bps
16.1% 16.0% 16.1%
Other income
-31.7% -50.6%
46.5 94.0 68.0
Net profit
+6.3% -11.4%
181 204 170
PAT margin %
-281 bps -212 bps
10.9% 13.0% 13.7%
EPS (₹)
+6.0% -11.5%
4.45 5.03 4.20
Quality of profit
Core 82% Other income & one-offs 18%
Pre-tax profit ₹252 Cr: core business ₹205 Cr, other income ₹46.5 Cr.
Core profit YoY: +25.2%
· reported profit +6.3%
Cash & debt
FY26 cash from operations ₹776 Cr:
142% of FY26 net profit of ₹546 Cr.
Borrowings ₹938 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹1,280 ₹1,665
+30.1% above
Net profit ₹179 ₹181
+1.2% in line
AI read of the filing Tata Technologies Q1 FY27: Revenue Grows 33.7% YoY to ₹1,664.53 Cr; PAT at ₹180.75 Cr Neutral
Revenue from operations increased 33.7% YoY to ₹1,664.53 Cr from ₹1,244.29 Cr. Consolidated PAT stood at ₹180.75 Cr, representing a 6.1% YoY growth but a 20.6% QoQ decline. Total expenses surged to ₹1,459.38 Cr, up from ₹1,080.11 Cr in the year-ago quarter.
Full analysis →
M Cap ₹1,34,134 Cr
P/E 26.0
PEG 25.98
Since results -2.9%
Profit +14% above its own trend Operating margin expanded 296 bps YoY Core business grew faster than reported profit (core profit +54%)
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+17.7% +4.2%
15,712 15,076 13,351
Operating profit
+41.7% +6.9%
2,742 2,565 1,935
OPM %
+296 bps +44 bps
17.5% 17.0% 14.5%
Other income
to loss loss narrowed
-111 -205 218
Net profit
+31.7% +9.6%
1,486 1,356 1,129
PAT margin %
+101 bps +47 bps
9.5% 9.0% 8.5%
EPS (₹)
+28.4% +19.6%
16.53 13.82 12.87
Quality of profit
Pre-tax profit ₹2,042 Cr: core business ₹2,153 Cr, other income −₹111 Cr.
Core profit YoY: +53.8%
· reported profit +31.7%
Cash & debt
FY26 cash from operations ₹6,172 Cr:
128% of FY26 net profit of ₹4,805 Cr.
Borrowings ₹2,186 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹14,250 ₹15,712
+10.3% above
Net profit ₹1,309 ₹1,486
+13.6% above
AI read of the filing Tech Mahindra Q1 FY27: Subsidiary Revenue at Rs 5,428 Cr; Rs 1,230 Cr Satyam Claim Noted Neutral
Subsidiary revenue for the quarter ended June 30, 2026, reached Rs 5,428.1 Cr (INR 54,281 million) Net profit from 63 audited subsidiaries totaled Rs 268 Cr (INR 2,680 million) for the quarter Total assets of audited subsidiaries were reported at Rs 17,032 Cr (INR 170,320 million)
Full analysis →
M Cap ₹1,60,831 Cr
P/E 12.1
PEG 2.42
Since results -8.5%
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+10.6% +1.0%
24,479 24,236 22,135
Operating profit
+9.5% -5.6%
4,633 4,909 4,233
OPM %
-20 bps -133 bps
18.9% 20.3% 19.1%
Other income
-8.6% +14.2%
979 857 1,072
Net profit
+0.6% -4.7%
3,356 3,522 3,336
PAT margin %
-136 bps -82 bps
13.7% 14.5% 15.1%
Quality of profit
Core 77% Other income & one-offs 23%
Pre-tax profit ₹4,334 Cr: core business ₹3,356 Cr, other income ₹979 Cr.
Core profit YoY: +5.3%
· reported profit +0.6%
Cash & debt
FY26 cash from operations ₹14,932 Cr:
113% of FY26 net profit of ₹13,266 Cr.
Borrowings ₹20,291 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹22,944 ₹24,479
+6.7% above
Net profit ₹3,324 ₹3,356
+1.0% in line
AI read of the filing Wipro Q1 FY27: Standalone Revenue at ₹18,418 Cr; ₹2 Interim Dividend Declared Neutral
Standalone Revenue from operations stood at ₹18,418.2 cr for Q1 FY27. Standalone Net Profit for the quarter was ₹2,865.7 cr, a sequential decline of 5.6%. Interim dividend of ₹2 per equity share (100% of par value) approved by the Board.
Full analysis →
M Cap ₹575 Cr
P/E 15.5
PEG —
Since results -17.6%
Profit +57% above its own trend Operating margin expanded 389 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+10.0% -3.7%
41.4 43.0 37.7
Operating profit
+26.2% -0.3%
12.6 12.6 9.9
OPM %
+389 bps +102 bps
30.3% 29.3% 26.4%
Other income
+596.0% +53.0%
0.7 0.4 0.1
Net profit
+43.3% -5.0%
9.2 9.7 6.4
PAT margin %
+516 bps -30 bps
22.2% 22.5% 17.1%
EPS (₹)
+43.2% -5.1%
3.88 4.09 2.71
Quality of profit
Core 94% Other income & one-offs 6%
Pre-tax profit ₹12.2 Cr: core business ₹11.5 Cr, other income ₹0.7 Cr.
Core profit YoY: +28.9%
· reported profit +43.3%
Against its own trend ?
Trend Actual Gap
Sales ₹44.9 ₹41.4
-7.8% below
Net profit ₹5.9 ₹9.2
+56.6% above
AI read of the filing Ksolves Q1 PAT Grows 43% YoY to ₹9.21 Cr; Declares ₹4 Interim Dividend Positive
Consolidated Net Profit increased 43.2% YoY to ₹9.21 Cr from ₹6.43 Cr. Revenue from operations grew 10% YoY to ₹41.44 Cr compared to ₹37.67 Cr in Q1 FY26. Declared a first interim dividend of ₹4 per share with a record date of July 21, 2026.
Full analysis →
M Cap ₹34,691 Cr
P/E 26.2
PEG 6.56
Since results -0.4%
Profit +11% above its own trend Operating margin expanded 252 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+2.6% +2.9%
2,940 2,858 2,866
Operating profit
+18.6% +5.2%
548 521 462
OPM %
+252 bps +42 bps
18.6% 18.2% 16.1%
Other income
-57.0% -6.1%
29.1 31.0 67.7
Net profit
+13.0% +7.2%
357 333 316
PAT margin %
+112 bps +49 bps
12.1% 11.7% 11.0%
EPS (₹)
+12.8% +7.3%
33.62 31.33 29.81
Quality of profit
Core 94% Other income & one-offs 6%
Pre-tax profit ₹476 Cr: core business ₹447 Cr, other income ₹29.1 Cr.
Core profit YoY: +22.5%
· reported profit +13.0%
Cash & debt
FY26 cash from operations ₹1,455 Cr:
114% of FY26 net profit of ₹1,281 Cr.
Borrowings ₹578 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹3,239 ₹2,940
-9.2% below
Net profit ₹322 ₹357
+11.0% above
AI read of the filing LTTS Q1 FY27 Results Approved; Nabha Power Re-classified to Public Category Neutral
Approved unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. Re-classification of Nabha Power Limited from Promoter Group to Public category approved by the Board. Allotment of 70,450 equity shares of ₹2 each fully paid-up upon exercise of employee stock options.
Full analysis →
M Cap ₹3,29,211 Cr
P/E 18.9
PEG 3.15
Since results -1.0%
Profit +27% above its own trend
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+13.9% +1.8%
34,579 33,981 30,349
Operating profit
+13.8% +2.4%
6,870 6,712 6,035
OPM %
-2 bps +12 bps
19.9% 19.8% 19.9%
Other income
-20.8% +12.1%
361 322 456
Net profit
+20.3% +3.0%
4,626 4,490 3,844
PAT margin %
+71 bps +16 bps
13.4% 13.2% 12.7%
EPS (₹)
+20.5% +3.3%
17.09 16.54 14.18
Quality of profit
Core 94% Other income & one-offs 6%
Pre-tax profit ₹6,108 Cr: core business ₹5,747 Cr, other income ₹361 Cr.
Core profit YoY: +21.4%
· reported profit +20.3%
Cash & debt
FY26 cash from operations ₹19,975 Cr:
120% of FY26 net profit of ₹16,652 Cr.
Borrowings ₹5,215 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹33,842 ₹34,579
+2.2% in line
Net profit ₹3,656 ₹4,626
+26.5% above
AI read of the filing ₹4,626 Cr PAT and ₹12 Dividend: HCLTech Q1 FY27 Revenue Grows 13.9% YoY Positive
Consolidated revenue grew 13.9% YoY to ₹34,579 cr for the quarter ended June 30, 2026. Net profit increased 20.3% YoY to ₹4,626 cr compared to ₹3,844 cr in the previous year's corresponding quarter. Interim dividend of ₹12 per equity share declared with a record date of July 17, 2026.
Full analysis →
M Cap ₹1,20,660 Cr
P/E 23.2
PEG —
Since results +0.4%
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+18.0% +2.8%
11,608 11,292 9,841
Operating profit
+24.9% +4.4%
2,061 1,973 1,649
OPM %
+99 bps +28 bps
17.8% 17.5% 16.8%
Other income
-34.9% +7.8%
255 237 392
Net profit
+17.1% +5.9%
1,469 1,387 1,255
PAT margin %
-10 bps +37 bps
12.7% 12.3% 12.7%
EPS (₹)
+16.8% +5.3%
49.46 46.96 42.33
Quality of profit
Core 87% Other income & one-offs 13%
Pre-tax profit ₹1,978 Cr: core business ₹1,723 Cr, other income ₹255 Cr.
Core profit YoY: +29.2%
· reported profit +17.1%
Against its own trend ?
Trend Actual Gap
Sales ₹10,913 ₹11,608
+6.4% above
Net profit ₹1,386 ₹1,469
+6.0% in line
AI read of the filing LTM Q1 FY27 Results: Standalone Revenue up 16.6% YoY to ₹10,988 Cr; Consol PAT at ₹1,469 Cr Neutral
Standalone revenue from operations grew 16.6% YoY to ₹10,988.3 Cr in Q1 FY27 Consolidated net profit after tax increased 17.1% YoY to ₹1,468.6 Cr Sub-contracting expenses rose significantly by 60.4% YoY to ₹1,379.1 Cr
Full analysis →
M Cap ₹7,80,060 Cr
P/E 15.0
PEG 1.88
Since results +4.8%
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+13.9% +2.2%
72,275 70,698 63,437
Operating profit
+10.0% -3.7%
18,556 19,276 16,875
OPM %
-93 bps -159 bps
25.7% 27.3% 26.6%
Other income
-5.5% +107.1%
1,568 757 1,660
Net profit
+4.7% -2.6%
13,420 13,784 12,819
PAT margin %
-164 bps -93 bps
18.6% 19.5% 20.2%
EPS (₹)
+4.6% -2.7%
36.90 37.92 35.27
Quality of profit
Core 95% Other income & one-offs 5%
Pre-tax profit ₹17,944 Cr: core business ₹17,044 Cr, other income ₹1,568 Cr, exceptional & other items −₹668 Cr.
Core profit YoY: +11.3%
· reported profit +4.7%
Cash & debt
FY26 cash from operations ₹52,094 Cr:
105% of FY26 net profit of ₹49,454 Cr.
Borrowings ₹11,283 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹65,741 ₹72,275
+9.9% above
Net profit ₹13,291 ₹13,420
+1.0% in line
AI read of the filing ₹12 Interim Dividend declared; ₹737 Cr additional provision for CSC legal settlement Neutral
Interim dividend of ₹12 per equity share declared for the first quarter of FY2027. Additional provision of ₹668 crore ($70 million) recognized for exemplary damages and costs in the CSC legal case. Interest cost of ₹69 crore ($7 million) provided for the period until the settlement date.
Full analysis →
M Cap ₹19,500 Cr
P/E 29.8
PEG —
Profit +63% above its own trend
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+14.5% +2.7%
1,021 994 892
Operating profit
+15.5% -11.8%
216 245 187
OPM %
+19 bps -349 bps
21.2% 24.6% 21.0%
Other income
+7.9% -19.6%
41.0 51.0 38.0
Net profit
+18.8% -22.3%
171 220 144
PAT margin %
+60 bps -538 bps
16.7% 22.1% 16.1%
EPS (₹)
+18.1% -22.6%
27.38 35.37 23.18
Quality of profit
Core 82% Other income & one-offs 18%
Pre-tax profit ₹232 Cr: core business ₹191 Cr, other income ₹41.0 Cr.
Core profit YoY: +20.9%
· reported profit +18.8%
Cash & debt
FY26 cash from operations ₹664 Cr:
106% of FY26 net profit of ₹628 Cr.
Borrowings ₹162 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹882 ₹1,021
+15.7% above
Net profit ₹105 ₹171
+62.9% above
M Cap ₹14,477 Cr
P/E —
PEG —
Turnaround: profit against a loss a year ago Operating margin expanded 4460 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+336.1% +63.5%
157 96.0 36.0
Operating profit
+972.7% +103.4%
118 58.0 11.0
OPM %
+4460 bps +1474 bps
75.2% 60.4% 30.6%
Other income
-26.7% +120.0%
11.0 5.0 15.0
Net profit
from loss +633.3%
44.0 6.0 -3.0
PAT margin %
+3636 bps +2178 bps
28.0% 6.2% -8.3%
EPS (₹)
from loss +587.1%
2.13 0.31 -0.14
Quality of profit
Core 80% Other income & one-offs 20%
Pre-tax profit ₹59.0 Cr: core business ₹47.0 Cr, other income ₹11.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: from loss
M Cap ₹6,351 Cr
P/E 20.2
PEG 0.84
Profit +25% above its own trend Operating margin expanded 165 bps YoY 44% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+11.3% -21.2%
357 453 321
Operating profit
+24.4% -63.2%
56.0 152 45.0
OPM %
+165 bps -1787 bps
15.7% 33.6% 14.0%
Other income
+22.5% from loss
36.0 -4.0 29.4
Net profit
+26.7% -40.6%
63.0 106 49.7
PAT margin %
+214 bps -575 bps
17.6% 23.4% 15.5%
EPS (₹)
+24.2% -41.0%
4.41 7.47 3.55
Quality of profit
Core 56% Other income & one-offs 44%
Pre-tax profit ₹82.0 Cr: core business ₹46.0 Cr, other income ₹36.0 Cr.
Core profit YoY: +32.5%
· reported profit +26.7%
Cash & debt
FY26 cash from operations ₹232 Cr:
77% of FY26 net profit of ₹301 Cr.
Borrowings ₹39.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹337 ₹357
+5.8% above
Net profit ₹50.4 ₹63.0
+25.0% above
M Cap ₹3,656 Cr
P/E 81.2
PEG 0.97
Profit +20% above its own trend Operating margin contracted 424 bps YoY 29% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit +22%) Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+66.6% -9.7%
56.0 62.0 33.6
Operating profit
+42.4% +7.7%
14.0 13.0 9.8
OPM %
-424 bps +403 bps
25.0% 21.0% 29.2%
Other income
+240.9% -16.7%
5.0 6.0 1.5
Net profit
+52.9% -8.3%
11.0 12.0 7.2
PAT margin %
-175 bps +29 bps
19.6% 19.4% 21.4%
EPS (₹)
+42.9% -9.9%
5.30 5.88 3.71
Quality of profit
Core 71% Other income & one-offs 29%
Pre-tax profit ₹14.0 Cr: core business ₹10.0 Cr, other income ₹5.0 Cr, exceptional & other items −₹1.0 Cr.
Core profit YoY: +22.0%
· reported profit +52.9%
Cash & debt
FY26 cash from operations −₹45.0 Cr:
-109% of FY26 net profit of ₹41.2 Cr.
Borrowings ₹14.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹51.3 ₹56.0
+9.1% above
Net profit ₹9.2 ₹11.0
+19.8% above
M Cap ₹1,846 Cr
P/E 58.8
PEG 2.26
Profit -15% below its own trend Operating margin contracted 705 bps YoY FY26 operating cash flow was only 48% of profit
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+14.8% -21.8%
81.4 104 70.9
Operating profit
-4.6% -17.3%
28.1 34.0 29.5
OPM %
-705 bps +188 bps
34.6% 32.7% 41.6%
Other income
+38.2% -41.3%
1.8 3.0 1.3
Net profit
-24.3% -59.4%
5.3 13.0 7.0
PAT margin %
-335 bps -601 bps
6.5% 12.5% 9.8%
EPS (₹)
-54.3% -73.0%
0.80 2.96 1.75
Quality of profit
Core 79% Other income & one-offs 21%
Pre-tax profit ₹8.3 Cr: core business ₹6.6 Cr, other income ₹1.8 Cr.
Core profit YoY: -39.7%
· reported profit -24.3%
Cash & debt
FY26 cash from operations ₹16.0 Cr:
48% of FY26 net profit of ₹33.1 Cr.
Borrowings ₹173 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹77.0 ₹81.4
+5.7% above
Net profit ₹6.2 ₹5.3
-14.5% below
M Cap ₹1,585 Cr
P/E 16.7
PEG 0.88
Profit +10% above its own trend Operating margin contracted 264 bps YoY Borrowings up 40% since Jun 2025
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
-3.6% -6.6%
127 136 132
Operating profit
-10.1% +35.3%
46.0 34.0 51.2
OPM %
-264 bps +1122 bps
36.2% 25.0% 38.9%
Other income
+4.1% -75.0%
3.0 12.0 2.9
Net profit
-11.6% +42.9%
30.0 21.0 33.9
PAT margin %
-215 bps +818 bps
23.6% 15.4% 25.8%
EPS (₹)
-10.3% +42.5%
20.40 14.32 22.74
Quality of profit
Core 93% Other income & one-offs 7%
Pre-tax profit ₹43.0 Cr: core business ₹40.0 Cr, other income ₹3.0 Cr.
Core profit YoY: -6.2%
· reported profit -11.6%
Cash & debt
Borrowings ₹87.0 Cr at Dec 2025, against ₹62.0 Cr at Jun 2025 (+40% ).
Against its own trend ?
Trend Actual Gap
Sales ₹134 ₹127
-4.9% in line
Net profit ₹27.3 ₹30.0
+10.0% above
28% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
-5.0% +9.7%
202 184 213
Operating profit
-11.9% +203.6%
13.6 4.5 15.4
OPM %
-53 bps +429 bps
6.7% 2.4% 7.2%
Other income
-3.7% from loss
1.9 -3.0 1.9
Net profit
-48.4% from loss
5.2 -5.0 10.0
PAT margin %
-216 bps +527 bps
2.6% -2.7% 4.7%
EPS (₹)
-53.1% from loss
1.13 -1.09 2.41
Quality of profit
Core 72% Other income & one-offs 28%
Pre-tax profit ₹6.6 Cr: core business ₹4.7 Cr, other income ₹1.9 Cr.
Core profit YoY: -61.7%
· reported profit -48.4%
Cash & debt
FY26 cash from operations −₹19.0 Cr.
Borrowings ₹62.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹204 ₹202
-0.9% in line
M Cap ₹674 Cr
P/E 15.8
PEG 0.26
Profit -54% below its own trend
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+11.9% +8.7%
149 137 133
Operating profit
+5.0% +17.6%
18.0 15.3 17.1
OPM %
-79 bps +92 bps
12.1% 11.2% 12.9%
Other income
-18.9% +4.2%
2.0 1.9 2.5
Net profit
-13.6% +15.2%
11.0 9.6 12.7
PAT margin %
-218 bps +42 bps
7.4% 7.0% 9.6%
EPS (₹)
-10.5% +19.5%
5.02 4.20 5.61
Quality of profit
Core 80% Other income & one-offs 20%
Pre-tax profit ₹15.0 Cr: core business ₹12.0 Cr, other income ₹2.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: -10.8%
· reported profit -13.6%
Cash & debt
FY26 cash from operations ₹65.0 Cr:
147% of FY26 net profit of ₹44.3 Cr.
Borrowings ₹40.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹151 ₹149
-1.0% in line
Net profit ₹24.1 ₹11.0
-54.3% below
M Cap ₹315 Cr
P/E 24.6
PEG 0.88
Profit +893% above its own trend Operating margin contracted 2633 bps YoY Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
— +61.5%
67.6 41.9 5.8
Operating profit
+215.6% +372.3%
6.7 1.4 2.1
OPM %
-2633 bps +648 bps
9.8% 3.4% 36.2%
Other income
+350.0% -74.4%
0.8 3.2 0.2
Net profit
— +48.8%
4.8 3.2 0.3
PAT margin %
+269 bps -61 bps
7.1% 7.7% 4.4%
EPS (₹)
+334.8% +56.2%
2.00 1.28 0.46
Quality of profit
Core 85% Other income & one-offs 15%
Pre-tax profit ₹5.4 Cr: core business ₹4.6 Cr, other income ₹0.8 Cr.
Core profit YoY: +418.0%
Cash & debt
FY26 cash from operations −₹6.0 Cr:
-73% of FY26 net profit of ₹8.3 Cr.
Borrowings ₹23.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹11.7 ₹67.6
+479.8% above
Net profit ₹0.5 ₹4.8
+893.3% above
M Cap ₹184 Cr
P/E 11.7
PEG 1.68
Operating margin contracted 222 bps YoY 74% of pre-tax profit came from other income and one-off items Profit grew faster than the core business (core profit -16%) FY26 operating cash flow was only 33% of profit
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+3.3% -14.3%
26.6 31.0 25.7
Operating profit
-11.8% -33.1%
3.4 5.1 3.9
OPM %
-222 bps -364 bps
13.0% 16.6% 15.2%
Other income
+284.5% from loss
6.2 -2.5 1.6
Net profit
+107.4% —
6.7 0.5 3.2
PAT margin %
+1267 bps +2372 bps
25.2% 1.5% 12.6%
EPS (₹)
+116.0% —
0.54 0.04 0.25
Quality of profit
Core 26% Other income & one-offs 74%
Pre-tax profit ₹8.4 Cr: core business ₹2.2 Cr, other income ₹6.2 Cr.
Core profit YoY: -15.8%
· reported profit +107.4%
Cash & debt
FY26 cash from operations ₹4.0 Cr:
33% of FY26 net profit of ₹12.2 Cr.
Borrowings ₹1.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹26.9 ₹26.6
-1.4% in line
Net profit ₹6.5 ₹6.7
+3.7% in line
Into loss: a profit a year ago Profit -999% below its own trend Operating margin contracted 1149 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
-12.0% +6.3%
70.1 66.0 79.7
Operating profit
-42.9% +644.0%
14.9 2.0 26.1
OPM %
-1149 bps +1819 bps
21.2% 3.0% 32.7%
Other income
+94.8% -94.0%
0.1 1.0 0.0
Net profit
to loss loss narrowed
-2.1 -16.0 0.4
PAT margin %
-346 bps +2125 bps
-3.0% -24.2% 0.5%
EPS (₹)
+0.0% from loss
0.04 -1.34 0.04
Quality of profit
Pre-tax profit −₹6.4 Cr: core business −₹6.5 Cr, other income ₹0.1 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations ₹21.0 Cr.
Borrowings ₹273 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹75.6 ₹70.1
-7.2% below
Net profit ₹0.2 −₹2.1
-999.0% below
Operating margin contracted 11311 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
-70.5% +44.4%
0.1 0.1 0.4
Operating profit
loss narrowed loss narrowed
-0.3 -0.4 -0.5
OPM %
-11311 bps +24017 bps
-215.4% -455.6% -102.3%
Other income
+0.0% -12.5%
0.1 0.1 0.1
Net profit
loss narrowed loss narrowed
-0.2 -0.3 -0.3
PAT margin %
-8566 bps +22393 bps
-153.8% -377.8% -68.2%
EPS (₹)
loss narrowed loss narrowed
-0.20 -0.33 -0.29
Quality of profit
Pre-tax profit −₹0.2 Cr: core business −₹0.3 Cr, other income ₹0.1 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹0.2 Cr.
Borrowings ₹0.1 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹0.2 ₹0.1
-40.9% below
How to read this page
The numbers. Each card is one company's Q1 FY27 results as filed with NSE or BSE, read from the
filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when
the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same
quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months).
A swing between profit and loss is described in words: a percentage across it would mislead.
Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income,
as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points
(100 bps = 1 percentage point).
Quality of profit. Core profit is operating profit minus interest and depreciation: what the business
itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on
investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more,
and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net
profit, since a fall in provisions can lift profit without the business growing.
Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead
each company is measured against the path it was on: the same quarter last year, grown at the median of its
last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales
5% or more above that, or net profit 10% or more above, is "above trend";
as far below is "below trend". It answers "was this quarter better or worse than the company's own recent
run?", which consensus does not.
Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show
its operating cash flow for the last financial year as a share of that year's net profit (flagged under
50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet
against the one six months earlier (flagged at a 25% move). Balance sheets come with the
September and March results, cash-flow statements with the March results.
Price since results. The latest close against the last close before the filing (a filing after 3:30 pm
counts from the next session). It is a fact about the market's reaction, not advice.
Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150
(SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.
Data source Quarterly results filed by listed companies with NSE and BSE (Regulation 33 of SEBI LODR), read from each filing; share prices from the exchanges; market cap and P/E from our daily fundamentals snapshot.
Last updated 12 Oct 2026, 13:17 IST