SRSrit India544965Quarterly results

Management commentary: Q2 revenue up about 29.0% YoY, H1 operating cash inflow of ₹865.3 million

Management commentary on H1 FY27: Q2 revenue ₹1,047.0 million, up ~29.0% YoY; Q2 PAT ₹137.4 million; H1 PAT ₹205.5 million; sub-contracting costs down ~29.8%; operating cash inflow ₹865.3 million vs an outflow a year ago.

By ScoutQuest · Sat 14 Nov 2026, 12:43 AM IST · 2 min read

Q2 Revenue

₹1,047.0 million, up ~29.0% YoY

Q2 PAT

₹137.4 million

H1 Operating Cash Inflow

₹865.3 million vs an outflow a year ago

What was announced

The company released a management commentary on its financial results for the quarter and half year ended September 30, 2026. It covers headline numbers, the managing director's and chief financial officer's views, business priorities and the post-listing position.

Quarterly performance

• Consolidated revenue from operations was ₹1,047.0 million in Q2 FY27, up about 29.0% year on year.
• Profit after tax for the quarter was ₹137.4 million.
• The company said quarterly revenue also improved on a sequential basis.

Half-year picture

• H1 FY27 revenue from operations was ₹1,925.1 million, which was lower than the same half last year. The year-on-year growth described by the company is therefore a quarterly trend, not a half-yearly one.
• H1 FY27 profit after tax was ₹205.5 million.

Costs and cash

• Sub-contracting and technical fees declined by about 29.8% year on year in H1 FY27. The company linked this to cost optimisation and better execution, and said these expenses also came down as a share of revenue.
• Net cash generated from operating activities was ₹865.3 million in H1 FY27, against an operating cash outflow in the corresponding period last year.
• Cash and cash equivalents stood at ₹1,084.9 million as at September 30, 2026, which the company said strengthens its financial position.

Business and strategy

• The business runs in a single reportable segment: AI-native software development and deployment services.
• The company describes itself as AI-led and sector agnostic, with experience in healthcare, e-governance, telecom and broadband, and says it is open to other industries.
• Priorities listed for the rest of FY27 include AI-led technology, business development, sector-agnostic expansion, operational efficiency, platform development, financial discipline and inorganic growth through strategic investments and partnerships.
• It referred to its association with Carnot Research and Blossom as part of that inorganic push.

IPO and listing

• The commentary notes the IPO was completed after the reporting period and the shares were listed on NSE and BSE on October 6, 2026.

What to keep in mind

• The commentary states that no specific revenue or EBITDA margin guidance was given in the H1 FY27 results announcement, so it sets out priorities rather than forward numbers.
• It is management's own explanation of performance and is best read alongside the results update itself.
• The main positive points management highlights are quarterly revenue growth, higher profit, lower sub-contracting costs and a swing to positive operating cash flow; the half-yearly revenue comparison with last year is the softer data point.

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.

About ScoutQuest · Logos provided by Logo.dev