Board approves Q2 results with unmodified review opinion; subsidiary rights issue, preferential allotment done
Board met on Oct 28, 2026 and approved unaudited standalone & consolidated results for Q2 and H1 FY27.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 731.81 | 505.69 | +44.7% | 669.50 | +9.3% |
| Total income | 740.29 | 517.47 | +43.1% | 676.56 | +9.4% |
| Profit before tax | 154.25 | 83.00 | +85.8% | 127.71 | +20.8% |
| Profit after tax | 125.12 | 62.44 | +100% | 95.08 | +31.6% |
| Total comprehensive income | 125.07 | 62.42 | +100% | 94.69 | +32.1% |
| Basic EPS | 7.28 | 11.57 | −37.1% | 6.41 | +13.6% |
- Profit after tax - YoY growth
- +100%
- Period
- 30-Sep-26
Also decided at the meeting
- Approved investment by subscribing to 23,37,516 equity shares at INR 2,670.14 per share in the rights issue of WOS Si Creva Capital Services Private Limited, aggregating INR 6,24,14,94,972.24.
Auditor's review
Conclusion: Unmodified
Notes to the results
- IPO completed during H1: fresh issue of 4,97,07,602 shares and OFS of 44,39,788 shares at Rs. 171; listed May 08, 2026; Rs. 834.12 crore of Rs. 850 crore fresh issue proceeds utilised.
- Subsidiary Si Creva allotted 32,500 11% NCDs of Rs.1,00,000 each aggregating Rs. 325 crore on private placement on July 13, 2026.
- Preferential issue of up to 2,64,93,882 equity shares aggregating INR 832.20 crore; allotment made on October 23, 2026.
- Wholly owned subsidiary Invincible Minds Private Limited incorporated on June 17, 2026 for mutual fund distribution.
Board meeting outcome
OnEMI Technology Solutions Ltd held its board meeting on October 28, 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The same outcome covers a rights issue in its subsidiary and an update on its preferential issue.
Auditor's conclusion
The Statutory Auditors issued a Limited Review Report with an unmodified opinion on the unaudited results, both consolidated and standalone. In the consolidated review report the auditors stated that the interim financial results of two subsidiaries were reviewed by their respective auditors, and their conclusion on the amounts relating to those subsidiaries is based on those reports.
Results at a glance (consolidated, figures as printed, Rs. in crore)
- Revenue from operations, quarter ended September 30, 2026: 731.81
- Profit after tax, quarter ended September 30, 2026: 125.12
Standalone
- Turnover for the quarter ended September 30, 2026: 288.25 (Rs. in crore)
Capital actions disclosed
- Rights issue: the company is to invest by subscribing to ~23.38 lakh equity shares at INR 2,670.14 per equity share, aggregating to ~INR 624.15 crore. The shares are offered by Si Creva Capital Services Private Limited, a wholly owned subsidiary of the company, on a rights basis, for utilisation of the proceeds raised from the company's preferential issue.
- Preferential issue: the board had approved up to 2,64,93,882 fully paid-up equity shares aggregating to INR 832.20 crore; the company has realised this amount and the shares were allotted on October 23, 2026.
Other notes in the update
- The company completed an Initial Public Offering during the half year and its equity shares were listed on the National Stock Exchange of India Limited and BSE Limited on May 08, 2026.
- Si Creva Capital Services issued and allotted secured, rated, listed, INR denominated redeemable non-convertible debentures on a private placement basis, which were listed on BSE Limited on July 15, 2026.
- Invincible Minds Private Limited, incorporated on June 17, 2026, has obtained registration from the Association of Mutual Funds in India as a mutual fund distributor and has applied to SEBI for registration to carry on stock broking and related activities; commencement is subject to receipt of the requisite regulatory approvals.
- The notes include a table of the objects of the fresh issue and the amounts utilised against them.
What a reader can take away
- The update combines a routine quarterly outcome with equity-related actions: a rights issue in a wholly owned subsidiary that the company is to subscribe to, and a preferential issue in which INR 832.20 crore has been realised and shares allotted on October 23, 2026.
- The auditor's unmodified limited review conclusion is the formal sign-off on the quarterly and half-yearly numbers.
- The disclosed figures are stated in Rs. in crore in the results statement, and per share data is given separately in the statement.
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More numbers
- Rights issue: equity shares offered by Si Creva Capital Services23,37,516
- Rights issue price per equity shareINR 2,670.14
- Rights issue aggregate amountINR 6,24,14,94,972.24
- Standalone turnover, Q2 FY27 (Rs. in crore)288.25
- Preferential issue of equity shares2,64,93,882
- Preferential issue aggregate amountINR 832.20 crore
- Total income, latest quarter740.29 (Rs. in crore)
- Total income, year-ago quarter517.47 (Rs. in crore)
- Total income, previous quarter676.56 (Rs. in crore)
- Total comprehensive income, latest quarter125.07 (Rs. in crore)
- Total comprehensive income, year-ago quarter62.42 (Rs. in crore)
- Total comprehensive income, previous quarter94.69 (Rs. in crore)
- Profit after tax, latest quarter125.12 (Rs. in crore)
- Profit after tax, year-ago quarter62.44 (Rs. in crore)
- Profit after tax, previous quarter95.08 (Rs. in crore)
- Revenue from operations, latest quarter731.81 (Rs. in crore)
- Revenue from operations, year-ago quarter505.69 (Rs. in crore)
- Revenue from operations, previous quarter669.50 (Rs. in crore)
- Profit before tax, latest quarter154.25 (Rs. in crore)
- Profit before tax, year-ago quarter83.00 (Rs. in crore)
- Profit before tax, previous quarter127.71 (Rs. in crore)
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