Q2 FY27 consolidated revenue down 5.7 percent year on year; new logo adopted

Emphasis of matterResults restatedRelated-party transactionsRevenue growth above 20%EBITDA margin compressionResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+2.7%Reaction day

₹486.00

prior close

₹475.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.2%+0.6% vs market

Telecom - Infrastructure peers, median of 5sector+1.9%+0.8% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.8 pts more than its Telecom - Infrastructure peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.9

10m

+2.5

15m

+2.3

30m

+4.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.7+2.2+0.6+1.9+0.8

Next day

+4.6+3.3+1.3+2.8+1.8

+3.3pendingpending+1.8+1.5

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15d

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AI summary

Consolidated Q2 FY27 revenue fell 5.7 percent year on year to Rs 7.17 crore from Rs 7.60 crore, and profit after tax fell to Rs 1.45 crore from Rs 1.66 crore. The board adopted a new logo for phased rebranding, with no business change. Auditors flagged control gaps, unreconciled balances, estimated revenue and related-party loans lacking an independent price report. Figures were restated for gross utility reporting, with no profit impact.

Likely market impact

Lower revenue and profit may weigh on the stock; the logo change has no immediate earnings effect. Control, billing and related-party risks remain.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹71.70 Cr	₹55.41 Cr	+29.4%
Operating profit	₹17.75 Cr	₹20.46 Cr	−13.2%
Profit after tax	₹15.34 Cr	₹16.62 Cr	−7.7%
EBITDA margin	60.1%	75.3%	−15.2 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.