Q2/H1 FY27 revenue rises, margins fall; Bengaluru expansion planned
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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H1 FY27 consolidated revenue rose 11.4% year on year to INR 2,109 million, but operating EBITDA fell 15.7% to INR 370 million and margin slipped to 17.54% from 23.18%. Profit after tax fell 47.5% to INR 139 million. Q2 revenue rose 12.8%, but profit after tax fell 49.7%. Depreciation hurt profit margins, while overseas work had lower margins. A Bengaluru studio is due to open in January 2027, targeting 40% of work as headcount doubles.
Revenue growth helps, but weaker profit may pressure sentiment. The Bengaluru expansion adds capacity, with execution risk from doubling headcount.