ARMEE INFOTECH Q2 FY27 results: net loss of ₹2.10 crore

How did ARMEE INFOTECH perform in Q2 FY27?

ARMEE INFOTECH reported consolidated revenue of ₹73.26 crore in Q2 FY27, down 73.4% from ₹275.79 crore in Q1 FY27. Total income was ₹73.61 crore, compared with ₹276.12 crore, while total expenses fell to ₹73.43 crore from ₹273.60 crore. No year-ago quarter figures were provided for the comparisons in the results data.

EBITDA was ₹5.60 crore in Q2 FY27, down 19.4% from ₹6.95 crore in Q1 FY27, but the EBITDA margin increased to 7.6% from 2.5%, a change of 5.1 percentage points. The company reported a net loss of ₹2.10 crore, against a net profit of ₹1.82 crore in the previous quarter, and basic EPS of -₹0.88 compared with ₹0.76.

On the standalone basis, revenue was ₹69.52 crore and the company reported a net loss of ₹1.26 crore. The available filing excerpt relates to the quarter ended 30 June 2026, while the results facts for this article also provide Q2 FY27 consolidated and standalone figures; no year-ago quarter comparison was supplied.

What do the balance sheet and cash flow show?

At 30 September 2026, total assets were ₹1,218.25 crore, total equity was ₹456.78 crore, borrowings were ₹212.27 crore and cash was ₹19.74 crore. Inventories stood at ₹30.25 crore, trade receivables at ₹457.52 crore and trade payables at ₹424.02 crore. The previous balance sheet date was not provided, so no comparison with an earlier balance sheet can be stated.

For the first half of FY27, operating cash flow was -₹68.54 crore, investing cash flow was -₹233.6 crore and financing cash flow was ₹300.57 crore. Capital expenditure was ₹30.82 crore. No prior-year cash-flow figures were provided for comparison.

Which businesses drove the quarter?

IT Infrastructure Solution and Managed Services reported revenue of ₹73.26 crore and EBIT of ₹13.02 crore in Q2 FY27, with an EBIT margin of 17.8%. Revenue and EBIT comparisons with the year-ago quarter were not provided, so growth against that quarter cannot be stated.

Renewable Energy reported no revenue in Q2 FY27 and an EBIT loss of ₹0.43 crore. No year-ago revenue or EBIT figures were provided for the segment, so its growth against the year-ago quarter cannot be stated.

What else did the company announce?

The company filed that it had incorporated ARMEE MH ONE RENEWABLE ENERGY PRIVATE LIMITED as a wholly owned subsidiary on 15 October 2026. The filing identified solar power generation, transmission and sale of electricity, including EPC and manufacturing of solar and energy storage equipment, as the subsidiary’s industry.

A further filing said that ARMEE MH BESS RENEWABLE ENERGY PRIVATE LIMITED was incorporated as a wholly owned subsidiary on 16 October 2026. The subsidiary’s stated objectives included developing, owning and operating solar photovoltaic projects, electricity sales under long-term Power Purchase Agreements and undertaking renewable-energy EPC work.

The board also deliberated on raising up to ₹450 crore through secured, listed non-convertible debentures on a private-placement basis, in one or more tranches. The board directed further evaluation and due diligence, with the proposal to return for consideration and approval if completed.

What did ARMEE INFOTECH's management say?

Management’s investor presentation covered Q1 FY27 rather than Q2 FY27. It said revenue from operations was ₹275.79 crore in Q1 FY27 compared with ₹271.29 crore in Q1 FY26, while EBITDA increased to ₹6.95 crore from ₹3.04 crore and profit after tax was ₹1.82 crore against a loss of ₹0.35 crore.

The presentation highlighted a strategic focus on renewable energy, including solar EPC and PPA and BESS projects, and said the order book stood at ₹2,609.41 crore as of 30 June 2026. Management said the order book provided revenue visibility across IT infrastructure, renewable-energy EPC and related projects.

Management noted that business across Government, PSU and BFSI segments typically has softer activity in Q1 and Q2, with a larger share of project execution concentrated in H2. The presentation also said ₹300 crore had been raised through the IPO for business expansion, working capital and repayment of outstanding borrowings.

The presentation identified risks including execution and cost-overrun risks in renewable-energy projects, continued finance costs, leverage after the IPO, and revenue concentration in Government, PSU and BFSI clients. No guidance figures or analyst questions were provided in the available material.

How did ARMEE INFOTECH shares react?

The filing was released after market hours. The stock rose 1.6% after 5 minutes, 1.3% after 15 minutes and 0.9% after 30 minutes from the price when the filing appeared; it closed 1.4% higher on the reaction day from the previous close of ₹256.50.

By the next day’s close, the stock was up 2.5% from its pre-results close, and by the fifth session’s close it was up 9.0% from the same close. The Nifty Microcap 250 was up 0.7% on the reaction day, down 1.0% by the next day and down 6.4% by the fifth day. The industry median and excess-sector moves were not provided, and no earlier results-day reactions were listed.