Board approves Q2 and H1 results, Taiwan subsidiary proposal; notes Rs. 12,000.00 million QIP
Board approved unaudited Q2/H1 FY26 results.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 13,232.79 | 3,037.24 | +336% | 8,196.86 | +61.4% |
| Total income | 13,361.41 | 3,046.48 | +339% | 8,281.58 | +61.3% |
| Profit before tax | 1,826.49 | 420.26 | +335% | 1,141.38 | +60% |
| Profit after tax | 1,366.56 | 314.33 | +335% | 853.23 | +60.2% |
| Total comprehensive income | 1,368.78 | 315.66 | +334% | 854.09 | +60.3% |
| Basic EPS | 23.54 | 5.55 | +324% | 14.98 | +57.1% |
- Total Income (Latest)
- 13,361.41 millions (+339% YoY, +61.3% QoQ)
- Profit After Tax (Latest)
- 1,366.56 millions (+335% YoY, +60.2% QoQ)
- Year-ago Total Income / PAT
- 3,046.48 millions / 314.33 millions
- Period
- Quarter ended 30-09-2026
Also decided at the meeting
- Approved proposal to incorporate a wholly owned subsidiary in Taiwan (100% shareholding, cash subscription, cost to be determined); incorporation process not yet initiated.
Auditor's review
Conclusion: Unmodified
Notes to the results
- During the quarter, the Company raised INR 12,000.00 million through a QIP, allotting 25,05,219 equity shares of face value INR 2 each at INR 4,790 per share (premium INR 4,788).
- Bank balances other than cash include fixed deposits of INR 3,500.00 million, monitoring account INR 587.88 million and escrow account INR 177.00 million relating to QIP proceeds.
- The Company has only one business segment i.e. "Computer servers".
The board met on 24 October 2026 and approved the company's unaudited financial results for the quarter and half year ended 30 September 2026. The same meeting approved a proposal to incorporate a wholly owned subsidiary in Taiwan.
What the auditor said
S S Kothari Mehta & Co. LLP issued a limited review report on the results. This is a review, not a full audit, so it gives moderate assurance rather than an audit opinion. The conclusion is unmodified: nothing came to the auditors' attention that causes them to believe the statement has not disclosed what is required or that it contains any material misstatement.
The numbers (standalone, unaudited, amounts as printed in Rs. million)
- Revenue from operations for the quarter: Rs. 13,232.79 million, against Rs. 3,037.24 million in the same quarter a year earlier.
- Profit for the period: Rs. 1,366.56 million for the quarter and Rs. 2,219.79 million for the half year.
- Basic earnings per share for the quarter: Rs. 23.54, marked in the statement as not annualised.
Taiwan subsidiary
The board approved incorporation of a wholly owned subsidiary in Taiwan. As set out in the accompanying disclosure, the incorporation process has not yet been initiated; the proposed name is subject to approval by the relevant authority; the entity will operate in the same industry as the company; subscription to its share capital will be in cash; and the price at which shares are subscribed is to be determined. Approval of a competent authority, if required, would need to be taken.
Fund raise during the quarter
The company raised Rs. 12,000.00 million through a qualified institutions placement of equity shares, comprising 25,03,219 equity shares allotted to eligible qualified institutional buyers at an issue price of Rs. 4,790 per share, aggregating to Rs. 12,000.00 million. The fund raise followed the board's approval dated 1 July 2026 and a special resolution passed by shareholders through postal ballot via remote e-voting on 1 August 2026; the Fund Raising Committee, at its meetings on 17 August 2026 and 20 August 2026, approved the QIP and the subsequent allotment respectively.
How a shareholder might read this
As printed, revenue from operations and profit for the period for the quarter are higher than in the same quarter a year earlier, and the results carry an unmodified limited review conclusion. The Taiwan entity is at a proposal stage: the incorporation has not begun, so the disclosure describes a plan rather than a completed step, and the share subscription price is yet to be fixed. The QIP shares have already been allotted, which is why the paid-up equity share capital in the balance sheet is larger than at 31 March 2026.
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More numbers
- Profit for the period, half year ended 30-09-2026 (Rs. million)2,219.79
- QIP amount raisedINR 12,000.00 million
- Equity shares allotted in the QIP25,03,219
- QIP issue price per equity shareINR 4,790 per share
- Total income, latest quarter13,361.41 (INR in millions)
- Total income, year-ago quarter3,046.48 (INR in millions)
- Total income, previous quarter8,281.58 (INR in millions)
- Total comprehensive income, latest quarter1,368.78 (INR in millions)
- Total comprehensive income, year-ago quarter315.66 (INR in millions)
- Total comprehensive income, previous quarter854.09 (INR in millions)
- Profit after tax, latest quarter1,366.56 (INR in millions)
- Profit after tax, year-ago quarter314.33 (INR in millions)
- Profit after tax, previous quarter853.23 (INR in millions)
- Revenue from operations, latest quarter13,232.79 (INR in millions)
- Revenue from operations, year-ago quarter3,037.24 (INR in millions)
- Revenue from operations, previous quarter8,196.86 (INR in millions)
- Profit before tax, latest quarter1,826.49 (INR in millions)
- Profit before tax, year-ago quarter420.26 (INR in millions)
- Profit before tax, previous quarter1,141.38 (INR in millions)
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