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Odyssey Technologies Q2 FY27 results: net profit down 98.8% to ₹0.01 crore, revenue down 16.6%
Odyssey Technologies Ltd reported standalone revenue of ₹5.64 crore and a net profit of ₹0.01 crore for Q2 FY27, compared with revenue of ₹6.76 crore and a net profit of ₹0.86 crore in Q2 FY26. EBITDA turned to a loss of ₹0.26 crore from ₹0.94 crore, while profit before tax fell to ₹0.03 crore from ₹1.16 crore.
Key points
- Standalone Q2 FY27 revenue was ₹5.64 crore, down ₹1.12 crore or 16.6% from ₹6.76 crore in Q2 FY26.
- EBITDA was a loss of ₹0.26 crore in Q2 FY27, compared with ₹0.94 crore in Q2 FY26; the margin moved to -4.6% from 13.8%.
- Net profit was ₹0.01 crore, down ₹0.85 crore or 98.8% from ₹0.86 crore in Q2 FY26, and basic EPS was ₹0.01 against ₹0.54.
- In H1 FY27, revenue was ₹11.38 crore, down ₹1.39 crore or 10.9% from ₹12.77 crore in H1 FY26; net profit was ₹0.23 crore, down ₹1.17 crore or 83.6%.
- The company had ₹36.9 crore of cash and no borrowings as on 30 September 2026; operating cash flow for H1 FY27 was an outflow of ₹6.12 crore.
How did Odyssey Technologies perform in Q2 FY27?
Odyssey Technologies reported standalone revenue of ₹5.64 crore for Q2 FY27, down ₹1.12 crore or 16.6% from ₹6.76 crore in Q2 FY26. Total income was ₹6.31 crore, down ₹1.12 crore or 15.1% from ₹7.43 crore, while EBITDA moved to a loss of ₹0.26 crore from ₹0.94 crore. The EBITDA margin declined by 18.4 percentage points to -4.6%.
Profit before tax was ₹0.03 crore in Q2 FY27, down ₹1.13 crore or 97.4% from ₹1.16 crore in Q2 FY26. Tax was ₹0.01 crore against ₹0.30 crore, and net profit was ₹0.01 crore, down ₹0.85 crore or 98.8%. Basic EPS was ₹0.01 against ₹0.54. These are standalone figures; no consolidated figures were given.
Against Q1 FY27, revenue fell ₹0.10 crore or 1.7% to ₹5.64 crore from ₹5.74 crore. Total income declined ₹0.13 crore or 2.0% to ₹6.31 crore from ₹6.44 crore, while EBITDA loss widened by ₹0.21 crore to ₹0.26 crore from ₹0.05 crore. The EBITDA margin fell by 3.8 percentage points to -4.6% from -0.8%.
Net profit for Q2 FY27 was ₹0.01 crore, down ₹0.21 crore or 95.5% from ₹0.22 crore in Q1 FY27. Profit before tax fell ₹0.27 crore or 90.0% to ₹0.03 crore from ₹0.30 crore, and basic EPS declined ₹0.13 to ₹0.01 from ₹0.14. The reported PAT margin was 0.2%, down 3.6 percentage points from 3.8%.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 5.64 | 5.74 | 6.76 | −16.6% | −1.7% |
| Other income | 0.66 | 0.70 | 0.67 | −1.5% | −5.7% |
| Total expenses | 6.28 | 6.14 | 6.27 | +0.2% | +2.3% |
| EBITDA | −0.26 | −0.05 | 0.94 | turned to loss | |
| EBITDA margin | -4.6% | -0.8% | 13.8% | −18.4 pp | −3.8 pp |
| Profit before tax | 0.03 | 0.30 | 1.16 | −97.4% | −90.0% |
| Tax | 0.01 | 0.08 | 0.30 | −96.7% | −87.5% |
| Net profit | 0.01 | 0.22 | 0.86 | −98.8% | −95.5% |
| EPS (₹) | 0.01 | 0.14 | 0.54 | −98.1% | −92.9% |
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 Odyssey Technologies' costs and profit?
Total expenses were ₹6.28 crore in Q2 FY27, up ₹0.01 crore or 0.2% from ₹6.27 crore in Q2 FY26. Employee cost fell ₹0.15 crore or 3.0% to ₹4.92 crore from ₹5.07 crore, and depreciation fell ₹0.07 crore or 15.9% to ₹0.37 crore from ₹0.44 crore. Other expenses rose ₹0.23 crore or 30.7% to ₹0.98 crore from ₹0.75 crore.
Other income was ₹0.66 crore in Q2 FY27, down ₹0.01 crore or 1.5% from ₹0.67 crore in Q2 FY26. There was no exceptional item in either quarter. Tax expense fell ₹0.29 crore or 96.7% to ₹0.01 crore from ₹0.30 crore. The figures show lower revenue and a higher EBITDA loss despite lower employee cost, depreciation and tax.
Against Q1 FY27, total expenses rose ₹0.14 crore or 2.3% to ₹6.28 crore. Employee cost increased ₹0.16 crore or 3.4% to ₹4.92 crore from ₹4.76 crore and depreciation rose ₹0.01 crore or 2.8% to ₹0.37 crore. Other expenses fell ₹0.04 crore or 3.9% to ₹0.98 crore from ₹1.02 crore, while other income declined ₹0.04 crore or 5.7% to ₹0.66 crore from ₹0.70 crore. There was no exceptional item.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 4.92 | 5.07 | −0.15 | −3.0% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0.37 | 0.44 | −0.07 | −15.9% |
| Other expenses | 0.98 | 0.75 | +0.23 | +30.7% |
| Total expenses | 6.28 | 6.27 | +0.01 | +0.2% |
| Other income | 0.66 | 0.67 | −0.01 | −1.5% |
| Tax | 0.01 | 0.30 | −0.29 | −96.7% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, Odyssey Technologies reported standalone revenue of ₹11.38 crore, down ₹1.39 crore or 10.9% from ₹12.77 crore in H1 FY26. Total income was ₹12.74 crore, down ₹1.44 crore or 10.2% from ₹14.18 crore. The company reported one reportable segment, software product licence and related services.
H1 FY27 profit before tax was ₹0.33 crore, down ₹1.56 crore or 82.5% from ₹1.89 crore in H1 FY26. Net profit was ₹0.23 crore, down ₹1.17 crore or 83.6% from ₹1.40 crore, and basic EPS was ₹0.15 against ₹0.88. The results had been subject to a limited review by the statutory auditors.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 11.38 | 12.77 | −10.9% |
| Profit before tax | 0.33 | 1.89 | −82.5% |
| Net profit | 0.23 | 1.40 | −83.6% |
| EPS (₹) | 0.15 | 0.88 | −83.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As on 30 September 2026, total assets were ₹65.03 crore, against ₹63.99 crore on 31 March 2026. Total equity was ₹58.00 crore, against ₹59.41 crore, while borrowings were nil at both dates. Cash and cash equivalents were ₹36.90 crore, against ₹43.33 crore, and trade receivables were ₹7.82 crore against ₹3.74 crore.
H1 FY27 operating cash flow was an outflow of ₹6.12 crore, compared with an outflow of ₹4.41 crore in H1 FY26. Investing cash flow was an inflow of ₹1.23 crore against ₹1.16 crore, while financing cash flow was an outflow of ₹1.54 crore against ₹1.53 crore. Capital expenditure was ₹0.13 crore, compared with ₹0.25 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 65.03 | 63.99 |
| Total equity | 58 | 59.41 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 36.90 | 43.33 |
| Inventories | 0 | 0 |
| Trade receivables | 7.82 | 3.74 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −6.12 | −4.41 |
| Cash from investing | 1.23 | 1.16 |
| Cash from financing | −1.54 | −1.53 |
| Capital expenditure | 0.13 | 0.25 |
Source: Company's results filing (XBRL).
How has Odyssey Technologies done over the last 8 quarters?
Revenue reached its highest level in the reported series at ₹7.66 crore in Q4 FY26 and its lowest at ₹5.64 crore in Q2 FY27. It then eased from ₹5.74 crore in Q1 FY27. The company’s quarterly revenue pattern was uneven across the period rather than following a steady direction.
Profit after tax was ₹1.71 crore in both Q4 FY25 and Q4 FY26, the highest reported levels, and ₹0.01 crore in Q2 FY27, the lowest. The EBITDA margin was 27.7% in Q4 FY25 and -4.6% in Q2 FY27. In the latest quarter, revenue, profit and margin were all below Q1 FY27.
What else did the company announce?
The board approved the standalone unaudited financial results for the quarter and half year ended 30 September 2026 on 4 November 2026. The results had been reviewed by the audit committee and were also subject to a limited review by the statutory auditors, Sekar & Co., Chartered Accountants, Chennai.
The board accepted the resignation of B. Purnima, Senior Manager–Legal and Company Secretary & Compliance Officer, with effect from the closing hours of 28 December 2026. She cited alternate career opportunities and would also cease to be the company’s Compliance Officer from that date. The company said it was identifying or hiring a suitable replacement and would inform BSE once the vacancy was filled.
How did other Software Products companies do?
Among 10 Software Products companies that have filed this quarter, the median revenue growth was 10.2%. Eight peers grew revenue faster than Odyssey Technologies, while two grew more slowly. Odyssey Technologies’ own revenue declined 16.6% from Q2 FY26.
Of the 14 peers for which profit was compared, eight reported higher profit. The peer comparison was available as of 5 November 2026.
| Odyssey Technologies revenue growth (YoY) | −16.6% |
|---|---|
| Median of 10 other Software Products companies | +10.2% |
| Companies with slower revenue growth than Odyssey Technologies | 2 of 10 |
| Companies with faster revenue growth than Odyssey Technologies | 8 of 10 |
| Companies whose net profit rose | 8 of 14 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Odyssey Technologies' revenue in Q2 FY27?
Revenue from operations was ₹5.64 crore, down 16.6% from ₹6.76 crore in Q2 FY26 (standalone).
Did Odyssey Technologies make a profit in Q2 FY27?
Yes. Net profit was ₹0.01 crore, against a net profit of ₹0.86 crore in Q2 FY26.
What was Odyssey Technologies' EPS in Q2 FY27?
Basic earnings per share were ₹0.01, against ₹0.54 in Q2 FY26.
When did Odyssey Technologies announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Meeting Of Board Of Directors On November 4, 2026. (BSE, 28 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting (BSE, 4 November 2026) · PDF
- Financial Results For The Quarter And Half Year Ended September 30, 2026. (BSE, 4 November 2026) · PDF
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