Workmates Core2Cloud Solution544610Quarterly results

Board approves unaudited H1 results; auditors see no material misstatement

Board met on 4 November 2026 (12:30 P.M.–12:55 P.M.) and approved the unaudited standalone and consolidated financial results for the half year ended 30 September 2026.

By ScoutQuest · Wed 4 Nov 2026, 1:23 PM IST · 2 min read

9,475.22 lakhs+26.9%

Half year ended 30 Sep 20257,469.22 lakhsHalf year ended 30 Sep 20269,475.22 lakhs

Revenue from operations (standalone: 7,469.22 lakhs (Half year ended 30 Sep 2025) and 9,475.22 lakhs (Half year ended 30 Sep 2026).

Standalone Revenue from Operations: Rs. 9,475.22 lakhs
Standalone Profit for the Period: Rs. 1,178.13 lakhs
Earnings Per Share (basic and diluted, non-annualised): Rs. 9.12

What the board approved

The unaudited standalone and consolidated financial results for the half year ended 30 September 2026.
The results were reviewed by the Audit Committee and then approved by the Board at its meeting on 4 November 2026, which ran from 12:30 P.M. to 12:55 P.M.
The trading window for dealing in the company's securities will open 48 hours after the results are made available to the public.

Auditor's review conclusion

M Choudhury & Co., Chartered Accountants, issued a limited review report on the standalone results and on the consolidated results. The conclusion states that nothing came to the auditor's attention that would suggest the statements are not prepared under the applicable accounting standard, do not disclose what is required, or contain a material misstatement. A review is narrower in scope than a full audit, so no audit opinion is expressed.

Standalone results at a glance (amounts in lakhs)

Revenue from operations: 9,475.22 for the half year ended 30 September 2026, against 7,469.22 in the half year ended 30 September 2025 and 6,899.83 in the half year ended 31 March 2026.
Total income: 9,576.27
Total expenses: 8,005.38, of which cost of cloud technology and allied services is 6,317.77
Profit before tax: 1,570.89
Total tax expense: 392.76
Profit for the period: 1,178.13
Earnings per share (basic and diluted, non-annualised): Rs. 9.12

Balance sheet (standalone, as at 30 September 2026, amounts in lakhs)

Share capital: 1,291.88
Reserves and surplus: 8,507.72
Total equity and liabilities: 11,284.54, against 10,811.33 as at 31 March 2026
Trade receivables: 3,914.41
Cash and cash equivalents: 4,215.05

Cash flow (standalone, half year ended 30 September 2026, amounts in lakhs)

Net cash generated/(used) from operating activities: (463.58)
Purchase of property, plant and equipment: (236.06)
Dividend paid: (258.30)
Net increase/(decrease) in cash and cash equivalents: (1,000.56)

Other disclosures in the notes

The company states it does not have more than one reportable segment.
Investor complaints: Nil pending at the beginning of the period, Nil received, Nil disposed of, Nil remaining unresolved at the end.
Related party transactions listed include remuneration to key managerial personnel, office rent, commission, consultancy and event management charges to related entities, and a loan given to the Singapore subsidiary with an outstanding balance of 198.28 lakhs.
The consolidated statement includes the wholly owned subsidiary Workmates Core2Cloud Pte. Limited, Singapore, with 100 percent ownership.

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