Trigyn Technologies Q2 FY27 results: net profit up 138.9% to ₹12.59 crore, revenue up 16.9%

How did Trigyn Technologies perform in Q2 FY27?

Trigyn Technologies reported consolidated revenue of ₹282.85 crore for the July–September 2026 quarter, against ₹241.95 crore in Q2 FY26 and ₹252.76 crore in Q1 FY27. Total income was ₹287.26 crore, against ₹246.03 crore a year earlier and ₹257.06 crore in the previous quarter. Revenue rose 16.9% year on year and 11.9% quarter on quarter, with revenue increasing year on year in each of the last five quarters.

EBITDA for the quarter was ₹14.79 crore, against ₹2.19 crore in Q2 FY26 and ₹3.47 crore in Q1 FY27, taking the margin to 5.2% from 0.9% and 1.4% respectively. Profit before tax was ₹17.15 crore against ₹4.78 crore a year earlier, and net profit was ₹12.59 crore against ₹5.27 crore, with the net margin at 4.5% from 2.2%. Basic EPS was ₹4.09, against ₹1.71 in the year-ago quarter and ₹1.13 in the previous quarter.

On a standalone basis, revenue was ₹69.56 crore and net profit ₹4.8 crore, against profit before tax of -₹1.52 crore. The board approved the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026 on 4 November 2026, following a limited review by the statutory auditors, M/s. V. Rohatgi & Co.

What changed in Trigyn Technologies' costs and profit?

Total expenses rose to ₹270.11 crore in Q2 FY27 from ₹241.25 crore in Q2 FY26, an increase of ₹28.86 crore, while revenue rose ₹40.90 crore. Other expenses accounted for most of the rise, increasing ₹32.83 crore to ₹148.87 crore. Employee cost fell ₹4.52 crore to ₹119.19 crore and depreciation fell ₹0.07 crore to ₹0.79 crore, while finance costs rose ₹0.62 crore to ₹1.25 crore. Other income rose ₹0.33 crore to ₹4.41 crore.

Against the previous quarter, total expenses were ₹19.18 crore higher at ₹270.11 crore, with other expenses up ₹22.74 crore and finance costs up ₹0.36 crore, while employee cost was ₹1.45 crore lower. There was no exceptional item in either the year-ago quarter or the current quarter. Tax for the quarter was ₹4.46 crore, against ₹2.73 crore in Q1 FY27, while the year-ago quarter carried a tax credit of ₹0.52 crore.

How did the first half of FY27 go?

In the first half of FY27, consolidated revenue was ₹535.61 crore, up from ₹466.45 crore in H1 FY26, an increase of ₹69.16 crore. Total income rose to ₹544.32 crore from ₹474.97 crore, and profit before tax increased to ₹23.27 crore from ₹5.59 crore.

Net profit for the half year was ₹16.07 crore, against ₹0.66 crore in H1 FY26, and basic EPS was ₹5.22 against ₹0.22. The board also approved the limited review reports for the half year ended 30 September 2026.

What do the balance sheet and cash flow show?

Total assets stood at ₹1,018.98 crore as of 30 September 2026, against ₹982.15 crore as of 31 March 2026. Total equity was ₹834.07 crore compared with ₹796.72 crore, borrowings were ₹7.17 crore against ₹6.47 crore, and cash was ₹455.51 crore against ₹474.01 crore. Trade receivables rose to ₹277.21 crore from ₹249.98 crore and trade payables to ₹100.19 crore from ₹90.55 crore, while inventories fell to ₹6.29 crore from ₹8.81 crore.

Operating cash flow for H1 FY27 was -₹34.23 crore, compared with -₹61.27 crore in H1 FY26. Investing cash flow was ₹5.86 crore against ₹11.42 crore, financing cash flow was -₹2.62 crore against -₹1.25 crore, and capital expenditure was ₹2.68 crore against ₹0.82 crore.

How has Trigyn Technologies done over the last 8 quarters?

Revenue in the last eight quarters reached its lowest at ₹206.78 crore in Q3 FY25 and its highest at ₹282.85 crore in Q2 FY27, with the current quarter marking the fifth consecutive year-on-year rise. Profit after tax bottomed at -₹4.61 crore in Q1 FY26 and reached ₹12.59 crore in Q2 FY27, the highest of the period shown.

EBITDA margin moved from -0.3% in Q3 FY25 and -1.1% in Q1 FY26 to 5.2% in Q2 FY27, the highest margin in the series. Margin dipped to 0.1% in Q3 FY26 before recovering to 1.4% in Q4 FY26 and Q1 FY27, with profit after tax at ₹3.49 crore in Q1 FY27 and revenue at ₹252.76 crore.

What did the auditors point out?

M/s. V. Rohatgi & Co. issued an independent auditors' limited review report on the consolidated unaudited results. The review was carried out under Standard on Review Engagements (SRE) 2410, and the auditors stated that a review is substantially less in scope than an audit and that they do not express an audit opinion.

Without qualifying their opinion, the auditors drew attention to several matters. These included non-accounting of quarterly guaranteed revenue totalling Rs. 80 crores, on the company's stated ground that collection of the consideration is not probable in the near future; the Nashik toll collection project, where the unamortized capital cost carried forward was Rs. 3.07 Crores; and pending legal suits for recovery. The auditors also noted that the financial statements of subsidiaries Leading Edge Infotech Limited and Trigyn Technologies (India) Private Limited have been prepared on a going concern basis despite their negative net worth, as both are not able to meet their commitments independently and are dependent on financial support from the Holding Company.

The auditors further drew attention to pending legal cases filed against group subsidiaries, the necessary approval and permissions from RBI under FEMA regulations relating to wound-up and step-down overseas subsidiaries, with balances fully provided for and having no bearing on profitability or the assets and liabilities position of the Company, and Note No. 5 of the consolidated unaudited financial results regarding management-certified accounts of subsidiaries as on 30 September 2026.

How did Trigyn Technologies shares react?

The filing appeared after market hours, and the stock was up 3.5% at 5 minutes, 15 minutes and 30 minutes after the results. From the previous close of ₹52.33, the reaction-day close was ₹61.00, a rise of 17.7%. The median move for the Computers - Software & Consulting industry on the reaction day was 1.7%, leaving Trigyn Technologies 16.0 percentage points ahead of the sector median.

Earlier results-day moves were mixed. The stock was up 5.2% on 11 August 2026, up 3.4% on 22 May 2026 and fell 4.8% on 10 February 2026, with the remaining earlier reactions including rises of 3.4% on 13 November 2025 and falls of 4.4% on 11 August 2025.

How did other Computers - Software & Consulting companies do?

Thirty-nine other Computers - Software & Consulting companies have filed for this quarter, with a median revenue growth of 14.2%. Of these, 24 grew slower than Trigyn Technologies and 15 grew faster, while 24 of the 39 reported higher profit. The comparison covers results filed as of 6 November 2026.