Audited Standalone & Cosolidated Financial Results for the half year and year ended 31st March, 2026
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Workmates Core2Cloud Solution Ltd reported standalone revenue of Rs 14,369.05L for FY26, up 37.3% from Rs 10,468.75L in FY25. Consolidated revenue was Rs 14,382.24L. However, H2 standalone revenue (Rs 6,899.83L) declined 7.6% compared to H2 FY25 (Rs 7,469.22L), showing a second-half slowdown. Standalone PAT grew 16.5% to Rs 1,637.96L while consolidated PAT was Rs 1,591.59L. The company completed its IPO in FY26 (fresh issue of 29,08,800 shares at Rs 204), raising approximately Rs 5,933L. Unmodified audit opinions were issued by M/s M Choudhury & Co. An interim dividend of Rs 2 per share (Rs 258.38L) was declared. IPO proceeds of Rs 3,012L have been utilised, with Rs 2,922.90L remaining unutilised.
Revenue growth for the full year is strong at ~37%, but the H2 revenue decline signals a sequential slowdown that investors should monitor. The company is sitting on significant IPO cash but also shows negative consolidated operating cash flow of -Rs 7.46L.