Srit India544965Quarterly results
Board approves unaudited Q2 and H1 results; auditors' review finds no material misstatement
Board met on November 12, 2026 and approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,047.01 | 811.79 | +29% | 878.10 | +19.2% |
| Total income | 1,097.52 | 834.63 | +31.5% | 908.07 | +20.9% |
| Profit before tax | 188.92 | 155.61 | +21.4% | 91.07 | +107% |
| Profit after tax | 137.40 | 99.41 | +38.2% | 68.07 | +102% |
| Total comprehensive income | 135.64 | 100.38 | +35.1% | 68.88 | +96.9% |
| Basic EPS | 2.90 | 2.26 | +28.3% | 1.43 | +103% |
- Profit after tax YoY growth
- +38.2%
- Period
- For the quarter ended September 30, 2026
Auditor's review
Conclusion: Unmodified
- Other matter: share of net loss after tax and total comprehensive loss of Rs. 0.01 Million each for the half year and quarter ended September 30, 2026 in respect of Sharp and Turner LLP is based on management information not reviewed by us.
- Other matter: financial information relating to the quarter ended September 30, 2025, prepared under Ind AS 34 by the management, has not been subjected to review or audit by us; conclusion not modified.
Notes to the results
- Subsequent to the quarter and half year ended September 30, 2026, the Company completed its IPO of 16,800,000 equity shares of face value Rs. 5 each at Rs. 30 per share, aggregating to Rs. 2,184.00 million.
- The comparative standalone financial results for the half year ended September 30, 2025 were audited; the quarter ended September 30, 2025 figures were derived by the Management as the difference between audited half year and unaudited Q1.
- The figures for the quarter ended September 30, 2026 represent the difference between the unaudited results for the half year ended September 30, 2026 and the unaudited results for the quarter ended June 30, 2026.
What the board approved
The board of SRIT India Ltd met on November 12, 2026 (03:00 P.M. to 07:33 P.M. IST) and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
Auditor's review
- Statutory auditors Brahmayya & Co. reviewed both the standalone and the consolidated statements.
- In both reports the conclusion is that nothing came to their attention that causes them to believe the statements contain any material misstatement — an unmodified conclusion.
- In the consolidated review report, the auditors record the holding company's share of net loss after tax and total comprehensive loss of ₹0.01 Million each for the half year and quarter in respect of Sharp and Turner LLP. That entity's interim financial information was not reviewed by them, and management considers it not material. The conclusion is not modified on this account.
How the standalone numbers looked (amounts in Indian Rupees millions, as printed)
- Revenue from operations: 1,032.38 for the quarter ended September 30, 2026, against 789.39 in the year-ago quarter; 1,897.54 for the half year, against 2,275.82.
- Total income: 1,082.37 for the quarter and 1,977.20 for the half year.
- Profit after tax: 141.25 for the quarter (against 110.36) and 209.64 for the half year (against 187.49).
- Total expenses: 889.60 for the quarter and 1,693.03 for the half year (against 2,064.02 in the year-ago half year).
- Basic and diluted earnings per share: 2.98 for the quarter and 4.42 for the half year.
Balance sheet and cash (standalone, September 30, 2026 vs March 31, 2026)
- Total assets: 7,569.22 vs 6,021.11.
- Total equity: 2,708.45 vs 1,843.30.
- Cash and cash equivalents: 1,084.05 vs 52.74.
- Borrowings: 231.91 non-current and 314.58 current, against 187.67 and 161.76.
- Net cash flow used in operating activities for the half year: (42.92), against (189.84) a year earlier.
- Net cash flow from financing activities: 1,061.38, which includes proceeds from issue of share capital of 900.02.
What the notes say about the IPO
- After the period end, the company completed a fresh issue of 16,800,000 equity shares of face value ₹5 each at an issue price of ₹130 per equity share, aggregating ₹2,184.00 million.
- The equity shares were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on October 6, 2026.
Business and segment
- The company is primarily in the business of developing software solutions, and this is its only reportable business segment, Software Development Services.
What a retail investor can take away
- The update is a results announcement: the figures are unaudited but have been subjected to a limited review by the statutory auditors, whose conclusion is unmodified.
- Standalone Revenue from operations for the half year is lower than the year-ago half year, while Profit after tax is higher, with total expenses also lower at 1,693.03 against 2,064.02.
- The IPO after the period end is reflected in a large rise in cash and cash equivalents and in total equity.
1,097.52 (Rs. in millions)Total income, latest quarter
Total income, quarter908.07 (Rs. in millions)
Profit before tax, latest quarter188.92 (Rs. in millions)
Also from Srit India
Management commentary: Q2 revenue up about 29.0% YoY, H1 operating cash inflow of ₹865.3 million
14 Nov 2026
MD & CEO and Non-Executive Director feature in podcast on business operations and growth outlook
13 Nov 2026
Board meeting on November 12, 2026 to approve unaudited results for quarter and half year ended September 30, 2026
5 Nov 2026
More numbers
- Revenue from operations, standalone, quarter ended Sep 30, 2026 (Rs. million)1,032.38
- Profit after tax, standalone, quarter ended Sep 30, 2026 (Rs. million)141.25
- Revenue from operations, standalone, half year ended Sep 30, 2026 (Rs. million)1,897.54
- Profit after tax, standalone, half year ended Sep 30, 2026 (Rs. million)209.64
- Total income, standalone, half year ended Sep 30, 2026 (Rs. million)1,977.20
- Fresh issue of equity shares in IPO16,800,000
- IPO issue price per equity share₹130
- IPO aggregate amount (Rs. million)₹2,184.00 million
- Total income, latest quarter1,097.52 (Rs. in millions)
- Total income, year-ago quarter834.63 (Rs. in millions)
- Total income, previous quarter908.07 (Rs. in millions)
- Total comprehensive income, latest quarter135.64 (Rs. in millions)
- Total comprehensive income, year-ago quarter100.38 (Rs. in millions)
- Total comprehensive income, previous quarter68.88 (Rs. in millions)
- Profit after tax, latest quarter137.40 (Rs. in millions)
- Profit after tax, year-ago quarter99.41 (Rs. in millions)
- Profit after tax, previous quarter68.07 (Rs. in millions)
- Revenue from operations, latest quarter1,047.01 (Rs. in millions)
- Revenue from operations, year-ago quarter811.79 (Rs. in millions)
- Revenue from operations, previous quarter878.10 (Rs. in millions)
- Profit before tax, latest quarter188.92 (Rs. in millions)
- Profit before tax, year-ago quarter155.61 (Rs. in millions)
- Profit before tax, previous quarter91.07 (Rs. in millions)
Source: BSE · 12 Nov 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.