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DiGiSPICE Technologies Q2 FY27 results: net profit up 24.0% to ₹8.88 crore, revenue down 4.8%
DiGiSPICE Technologies Limited reported consolidated Q2 FY27 revenue of ₹118.60 crore, down 4.8% from the year-ago quarter but up 10.1% from Q1 FY27. Net profit rose to ₹8.88 crore and basic EPS to ₹0.37, while EBITDA margin increased from 5.6% to 6.8%.
Key points
- Consolidated Q2 FY27 revenue was ₹118.60 crore, down 4.8% from ₹124.58 crore in Q2 FY26.
- EBITDA rose 15.9% to ₹8.02 crore and margin widened 1.2 percentage points to 6.8%.
- Net profit increased 24.0% to ₹8.88 crore and basic EPS rose 23.3% to ₹0.37.
- Against Q1 FY27, revenue rose 10.1% to ₹118.60 crore and net profit rose 34.5% to ₹8.88 crore.
- H1 FY27 revenue fell 8.9% to ₹226.35 crore, while profit before tax rose 18.4% to ₹23.27 crore.
How did DiGiSPICE Technologies perform in Q2 FY27?
On a consolidated basis, DiGiSPICE Technologies reported Q2 FY27 revenue of ₹118.60 crore, down 4.8% from ₹124.58 crore in Q2 FY26. Total income fell 4.1% to ₹124.99 crore. Despite the lower revenue, EBITDA rose 15.9% to ₹8.02 crore and its margin increased 1.2 percentage points to 6.8%.
Profit before tax increased 28.1% to ₹13.01 crore, while net profit rose 24.0% to ₹8.88 crore. Profit attributable to owners was ₹8.76 crore and basic EPS was ₹0.37, up from ₹0.30 in Q2 FY26. On the standalone basis, the company reported a net loss of ₹0.47 crore, against a loss of ₹0.80 crore in the year-ago quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 118.60 | 107.75 | 124.58 | −4.8% | +10.1% |
| Other income | 6.39 | 6.12 | 5.69 | +12.3% | +4.4% |
| Total expenses | 111.98 | 101.53 | 120.11 | −6.8% | +10.3% |
| EBITDA | 8.02 | 8.56 | 6.92 | +15.9% | −6.3% |
| EBITDA margin | 6.8% | 7.9% | 5.6% | +1.2 pp | −1.1 pp |
| Profit before tax | 13.01 | 10.27 | 10.16 | +28.1% | +26.7% |
| Tax | 3.48 | 3.31 | 2.90 | +20.0% | +5.1% |
| Net profit | 8.88 | 6.60 | 7.16 | +24.0% | +34.5% |
| EPS (₹) | 0.37 | 0.28 | 0.30 | +23.3% | +32.1% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in DiGiSPICE Technologies' costs and profit?
Total expenses fell 6.8% to ₹111.98 crore from ₹120.11 crore in Q2 FY26. Other expenses declined by ₹4.65 crore to ₹81.99 crore, while depreciation fell by ₹1.03 crore to ₹1.14 crore. Cost of materials was lower by ₹0.27 crore at ₹0.75 crore and finance costs declined by ₹0.02 crore to ₹0.26 crore. Employee cost was ₹27.62 crore, up by ₹0.16 crore.
Other income rose by ₹0.70 crore to ₹6.39 crore. There was no exceptional item in Q2 FY26 or Q2 FY27. Tax expense increased by ₹0.58 crore to ₹3.48 crore. In Q1 FY27, total expenses were ₹101.53 crore and included an exceptional charge of ₹2.08 crore; there was no exceptional item in Q2 FY27.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0.75 | 1.02 | −0.27 | −26.5% |
| Employee cost | 27.62 | 27.46 | +0.16 | +0.6% |
| Finance costs | 0.26 | 0.28 | −0.02 | −7.1% |
| Depreciation | 1.14 | 2.17 | −1.03 | −47.5% |
| Other expenses | 81.99 | 86.64 | −4.65 | −5.4% |
| Total expenses | 111.98 | 120.11 | −8.13 | −6.8% |
| Other income | 6.39 | 5.69 | +0.70 | +12.3% |
| Tax | 3.48 | 2.90 | +0.58 | +20.0% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, consolidated revenue fell 8.9% to ₹226.35 crore from ₹248.34 crore in H1 FY26, while total income declined 8.0% to ₹238.86 crore. Profit before tax nevertheless rose 18.4% to ₹23.27 crore, and net profit increased 9.9% to ₹15.48 crore. Basic EPS for the first half was ₹0.65, up from ₹0.60.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 226.35 | 248.34 | −8.9% |
| Profit before tax | 23.27 | 19.66 | +18.4% |
| Net profit | 15.48 | 14.09 | +9.9% |
| EPS (₹) | 0.65 | 0.60 | +8.3% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets stood at ₹794.69 crore, down from ₹806.16 crore at 31 March 2026. Total equity rose to ₹251.50 crore from ₹236.49 crore, while borrowings increased to ₹101.14 crore from ₹81.96 crore. Cash declined to ₹168.89 crore from ₹214.99 crore.
H1 FY27 operating cash flow was negative ₹9.02 crore, compared with positive ₹72.63 crore in H1 FY26. Investing cash flow was negative ₹56.69 crore against negative ₹16.98 crore, financing cash flow was positive ₹18.57 crore against negative ₹66.49 crore, and capital expenditure was ₹23.41 crore compared with ₹5.87 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 794.69 | 806.16 |
| Total equity | 251.50 | 236.49 |
| Borrowings | 101.14 | 81.96 |
| Cash and equivalents | 168.89 | 214.99 |
| Inventories | 0.50 | 0.50 |
| Trade receivables | 29.35 | 29.24 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −9.02 | 72.63 |
| Cash from investing | −56.69 | −16.98 |
| Cash from financing | 18.57 | −66.49 |
| Capital expenditure | 23.41 | 5.87 |
Source: Company's results filing (XBRL).
How has DiGiSPICE Technologies done over the last 8 quarters?
Revenue reached its highest level in the reported series at ₹124.58 crore in Q2 FY26 and its lowest at ₹107.17 crore in Q4 FY26. It has since risen for two quarters, reaching ₹107.75 crore in Q1 FY27 and ₹118.60 crore in Q2 FY27.
Net profit bottomed at negative ₹19.55 crore in Q3 FY25 and peaked at ₹8.88 crore in Q2 FY27. EBITDA margin improved from 1.1% in Q4 FY26 to 7.9% in Q1 FY27 before easing to 6.8% in Q2 FY27. The current direction is higher revenue and profit, with margin below the preceding quarter’s peak.
Which businesses drove the quarter?
Financial technology Services, reported as Spice Money, generated revenue of ₹118.60 crore in Q2 FY27, down 4.8% from ₹124.58 crore in Q2 FY26. Segment EBIT rose from ₹12.57 crore to ₹14.38 crore, and the reported EBIT margin was 12.1%. Discontinued operations reported no revenue or EBIT in either quarter.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Financial technology Services (Spice Money) | 118.60 | −4.8% | 14.38 | 12.1% |
| Discontinued operations | 0 | 0 |
Source: Company's results filing (XBRL segment data).
How did DiGiSPICE Technologies shares react?
The results were announced after market hours on 3 November 2026. From the price when the filing appeared, the stock was up 1.6% after five minutes and 15 minutes, and up 1.3% after 30 minutes. It closed the reaction day 4.0% above its pre-results close, and by the next day’s close it remained 3.7% higher.
| After the filing | Stock |
|---|---|
| 5 minutes | +1.6% |
| 15 minutes | +1.6% |
| 30 minutes | +1.3% |
| Reaction day | +4.0% |
| Next day | +3.7% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 5 August 2026 | +1.1% |
| 13 May 2026 | −2.2% |
| 12 February 2026 | −4.0% |
| 11 November 2025 | +0.5% |
| 12 August 2025 | +4.1% |
| 23 May 2025 | −2.9% |
| 14 February 2025 | −6.7% |
| 14 November 2024 | −2.0% |
Source: MarketPing price-reaction measurement.
Quick answers
What was DiGiSPICE Technologies' revenue in Q2 FY27?
Revenue from operations was ₹118.60 crore, down 4.8% from ₹124.58 crore in Q2 FY26 (consolidated).
Did DiGiSPICE Technologies make a profit in Q2 FY27?
Yes. Net profit was ₹8.88 crore, against a net profit of ₹7.16 crore in Q2 FY26.
What was DiGiSPICE Technologies' EPS in Q2 FY27?
Basic earnings per share were ₹0.37, against ₹0.30 in Q2 FY26.
How did DiGiSPICE Technologies shares react to the Q2 FY27 results?
On the reaction day the stock moved +4.0% from the previous close.
When did DiGiSPICE Technologies announce its Q2 FY27 results?
On 3 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Approval Of The Un-Audited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended September 30, 2026 (BSE, 28 October 2026) · PDF
- Board Meeting Outcome for Board Meeting Outcome For Financial Results For The Quarter And Half Year Ended 30-09-2026 (BSE, 3 November 2026) · PDF
- Financial Results For Quarter And Half Year Ended 30-09-2026 (BSE, 3 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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