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Moschip Technologies Q2 FY27 results: net loss of ₹30.40 crore vs ₹12.15 crore profit, revenue down 19.0%
MosChip Technologies Limited reported a consolidated net loss of ₹30.40 crore in Q2 FY27, against a profit of ₹12.15 crore in the year-ago quarter, as revenue fell 19.0% to ₹119.08 crore and EBITDA turned to a loss of ₹19.68 crore. On a standalone basis, revenue was ₹99.36 crore and profit before tax was ₹10.79 crore. Alongside the results, the board approved the acquisition of 73% of Vayavya Labs Private Limited for ₹266.71 crore.
Key points
- Consolidated revenue of ₹119.08 crore in Q2 FY27 was down 19.0% from ₹146.94 crore in Q2 FY26, and up 2.5% from ₹116.21 crore in Q1 FY27.
- The company reported a net loss of ₹30.40 crore in Q2 FY27 against a net profit of ₹12.15 crore in Q2 FY26, with basic EPS of ₹1.56 against ₹0.63.
- EBITDA was a loss of ₹19.68 crore at a margin of -16.5%, compared with ₹16.82 crore and 11.4% a year earlier.
- Total expenses rose 9.6% to ₹148.82 crore from ₹135.77 crore, with employee cost up 37.2% to ₹94.50 crore.
- H1 FY27 revenue was ₹235.3 crore, down 16.7% from ₹282.53 crore in H1 FY26, while PAT was a loss of ₹27.96 crore against a profit of ₹23.05 crore.
How did Moschip Technologies perform in Q2 FY27?
On a consolidated basis, MosChip Technologies reported revenue of ₹119.08 crore for Q2 FY27, the July–September 2026 quarter, down 19.0% from ₹146.94 crore in Q2 FY26 and up 2.5% from ₹116.21 crore in Q1 FY27. EBITDA was a loss of ₹19.68 crore, with a margin of -16.5%, against ₹16.82 crore and 11.4% in the year-ago quarter. The margin moved 27.9 percentage points lower than in Q2 FY26 and 24.7 percentage points lower than in Q1 FY27.
The company reported a loss before tax of ₹28.88 crore in Q2 FY27, against ₹12.59 crore in Q2 FY26 and ₹3.66 crore in Q1 FY27. After tax of ₹1.52 crore, the net loss was ₹30.40 crore, compared with a net profit of ₹12.15 crore a year earlier and ₹2.45 crore in the previous quarter. Basic EPS was ₹1.56 against ₹0.63 in Q2 FY26 and ₹0.13 in Q1 FY27.
On a standalone basis, revenue for the quarter was ₹99.36 crore, down 22.4%, and profit before tax was ₹10.79 crore. The board approved the un-audited standalone and consolidated financial statements for the quarter and half year ended 30 September 2026, which had been reviewed by the audit committee and reviewed by the statutory auditors under the applicable limited review standard.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 119.08 | 116.21 | 146.94 | −19.0% | +2.5% |
| Other income | 0.85 | 2.24 | 1.42 | −40.1% | −62.1% |
| Total expenses | 148.82 | 114.79 | 135.77 | +9.6% | +29.6% |
| EBITDA | −19.68 | 9.55 | 16.82 | turned to loss | turned to loss |
| EBITDA margin | -16.5% | 8.2% | 11.4% | −27.9 pp | −24.7 pp |
| Profit before tax | −28.88 | 3.66 | 12.59 | turned to loss | turned to loss |
| Tax | 1.52 | 1.21 | 0.44 | +245.5% | +25.6% |
| Net profit | −30.40 | 2.45 | 12.15 | turned to loss | turned to loss |
| EPS (₹) | −1.56 | 0.13 | 0.63 | turned to loss | turned to loss |
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 Moschip Technologies' costs and profit?
Total expenses rose 9.6% to ₹148.82 crore in Q2 FY27 from ₹135.77 crore in Q2 FY26, even as revenue fell 19.0%. Employee cost was the largest increase, up 37.2% to ₹94.50 crore from ₹68.87 crore. Finance costs rose 120.7% to ₹2.56 crore from ₹1.16 crore, and depreciation rose 67.0% to ₹7.50 crore from ₹4.49 crore.
Two expense lines fell: cost of materials declined 77.1% to ₹1.28 crore from ₹5.59 crore, and other expenses declined 22.8% to ₹42.98 crore from ₹55.67 crore. Other income fell 40.1% to ₹0.85 crore from ₹1.42 crore. There was no exceptional item in the quarter.
Tax expense was ₹1.52 crore in Q2 FY27 against ₹0.44 crore in Q2 FY26. Against the previous quarter, total expenses rose 29.6% to ₹148.82 crore from ₹114.79 crore, with other expenses up 156.1% to ₹42.98 crore and employee cost up 5.9% to ₹94.50 crore. The filing did not state the reasons for the cost changes.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 1.28 | 5.59 | −4.31 | −77.1% |
| Employee cost | 94.50 | 68.87 | +25.63 | +37.2% |
| Finance costs | 2.56 | 1.16 | +1.40 | +120.7% |
| Depreciation | 7.50 | 4.49 | +3.01 | +67.0% |
| Other expenses | 42.98 | 55.67 | −12.69 | −22.8% |
| Total expenses | 148.82 | 135.77 | +13.05 | +9.6% |
| Other income | 0.85 | 1.42 | −0.57 | −40.1% |
| Tax | 1.52 | 0.44 | +1.08 | +245.5% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, consolidated revenue was ₹235.3 crore, down 16.7% from ₹282.53 crore in H1 FY26, while total income was ₹238.39 crore against ₹284.52 crore. Loss before tax was ₹25.23 crore in H1 FY27, compared with a profit of ₹24.04 crore in H1 FY26.
PAT for the first half was a loss of ₹27.96 crore against a profit of ₹23.05 crore in H1 FY26, a difference of ₹51.01 crore. EPS for the half year was ₹1.44 against ₹1.20 a year earlier.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 235.30 | 282.53 | −16.7% |
| Profit before tax | −25.23 | 24.04 | turned to loss |
| Net profit | −27.96 | 23.05 | turned to loss |
| EPS (₹) | −1.44 | 1.20 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets stood at ₹655.22 crore as on 30 September 2026, against ₹743.04 crore as on 31 March 2026. Total equity was ₹403.9 crore against ₹408.59 crore, borrowings were ₹45.98 crore against ₹35.95 crore, and cash was ₹91.26 crore against ₹33.39 crore. Trade receivables were ₹188.35 crore against ₹214.91 crore, and trade payables were ₹70.21 crore against ₹144.93 crore.
For H1 FY27, operating cash flow was negative ₹49.48 crore, compared with negative ₹11.14 crore in H1 FY26. Investing cash flow was positive ₹103.85 crore against negative ₹9.58 crore, financing cash flow was ₹2.71 crore against ₹14.84 crore, and capital expenditure was ₹14.47 crore against ₹10.29 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 655.22 | 743.04 |
| Total equity | 403.90 | 408.59 |
| Borrowings | 45.98 | 35.95 |
| Cash and equivalents | 91.26 | 33.39 |
| Inventories | 0 | 0 |
| Trade receivables | 188.35 | 214.91 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −49.48 | −11.14 |
| Cash from investing | 103.85 | −9.58 |
| Cash from financing | 2.71 | 14.84 |
| Capital expenditure | 14.47 | 10.29 |
Source: Company's results filing (XBRL).
How has Moschip Technologies done over the last 8 quarters?
Revenue rose for several quarters through to ₹153.23 crore in Q4 FY26, before falling to ₹116.21 crore in Q1 FY27 and recovering slightly to ₹119.08 crore in Q2 FY27. The lowest quarterly revenue in the series was ₹116.21 crore in Q1 FY27, and the highest was ₹153.23 crore in Q4 FY26.
PAT peaked at ₹12.15 crore in Q2 FY26 and fell to ₹4.34 crore in Q3 FY26, recovered to ₹7.95 crore in Q4 FY26, then slipped to ₹2.45 crore in Q1 FY27 before turning to a net loss of ₹30.40 crore in Q2 FY27. EBITDA margin peaked at 13.5% in Q3 FY25 and bottomed at -16.5% in Q2 FY27.
Which businesses drove the quarter?
Silicon Engineering Solutions reported revenue of ₹102.61 crore in Q2 FY27, down 13.0% from ₹117.95 crore in the year-ago quarter, with EBIT of ₹3.17 crore against ₹25.53 crore. The segment's EBIT margin was 3.1%.
Product Engineering Solutions reported revenue of ₹16.47 crore, down 43.2% from ₹28.99 crore in Q2 FY26, with EBIT of negative ₹5.14 crore against ₹0.65 crore. The segment's EBIT margin was -31.2%. Unallocated EBIT was negative ₹17.71 crore, against negative ₹9.36 crore in the year-ago quarter, with no revenue reported in either period.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Silicon Engineering Solutions | 102.61 | −13.0% | 3.17 | 3.1% |
| Product Engineering Solutions | 16.47 | −43.2% | −5.14 | -31.2% |
| Unallocated | 0 | −17.71 |
Source: Company's results filing (XBRL segment data).
What else did the company announce?
The board approved the acquisition of 73% of the share capital of Vayavya Labs Private Limited from existing shareholders for a total consideration of ₹266.71 crores under a Share Purchase Agreement. The consideration comprises ₹154.52 crores in cash and ₹112.19 crores through issuance of swap shares. The company said the transaction is subject to shareholder approval and requisite regulatory approvals.
The board approved the issuance, offer and allotment of 50,50,686 equity shares of face value ₹2 each on a preferential basis at an issue price of ₹222.14 per share to the selling shareholders of Vayavya Labs, towards part of the acquisition consideration. The company said a shareholders' meeting will be held on 25 November 2026 to seek approval for the preferential issue, and that acquisition of the remaining 27% shareholding is planned after 31 March 2028 with valuation linked to business performance.
The Nomination and Remuneration Committee granted 95,496 employee stock options to eligible employees under existing stock option schemes. The same-day filings also recorded the approval of the un-audited financial statements for the quarter and half year ended 30 September 2026.
How did Moschip Technologies shares react?
The filing was made after market hours. From the price when the filing appeared, the stock was up 1.9% after 5 minutes, 2.6% after 15 minutes and 1.9% after 30 minutes. On the reaction day, the stock fell 8.5% from its pre-results close of ₹172.49, and by the next day's close it was down 12.0% from that same pre-results close.
The industry's median move was -0.1% on the reaction day and -2.3% by the next day's close, while the Nifty Microcap 250 rose 0.7% on the reaction day and was down 1.9% by the next day's close. MosChip's move was 8.4 percentage points below the industry median on the reaction day and 9.6 percentage points below it by the next day's close.
Earlier results-day moves were mixed but mostly negative: -10.0% on 24 July 2026, -4.5% on 20 May 2026, -3.6% on 31 January 2026, 2.7% on 30 July 2025, -2.6% on 21 May 2025 and -4.2% on 13 February 2025.
| After the filing | Stock | Computers Hardware & Equipments median |
|---|---|---|
| 5 minutes | +1.9% | |
| 15 minutes | +2.6% | |
| 30 minutes | +1.9% | |
| Reaction day | −8.5% | −0.1% |
| Next day | −12.0% | −2.3% |
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 |
|---|---|
| 24 July 2026 | −10.0% |
| 20 May 2026 | −4.5% |
| 31 January 2026 | −3.6% |
| 30 July 2025 | +2.7% |
| 21 May 2025 | −2.6% |
| 13 February 2025 | −4.2% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Moschip Technologies' revenue in Q2 FY27?
Revenue from operations was ₹119.08 crore, down 19.0% from ₹146.94 crore in Q2 FY26 (consolidated).
Did Moschip Technologies make a profit in Q2 FY27?
No. It reported a net loss of ₹30.40 crore, against a net profit of ₹12.15 crore in Q2 FY26.
What was Moschip Technologies' EPS in Q2 FY27?
Basic loss per share was ₹1.56, against ₹0.63 in Q2 FY26.
How did Moschip Technologies shares react to the Q2 FY27 results?
On the reaction day the stock moved −8.5% from the previous close; the median Computers Hardware & Equipments stock moved −0.1%.
When did Moschip Technologies announce its Q2 FY27 results?
On 28 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Board Meeting On 28-October-2026 (BSE, 25 October 2026) · PDF
- Financial Results For The Quarter Ended 30-Sep-2026 (BSE, 28 October 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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