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Walchand Peoplefirst Q2 FY27 results: net profit down 8.3% to ₹1.10 crore, revenue up 5.9%
Walchand Peoplefirst Ltd reported standalone revenue of ₹10.20 crore in Q2 FY27, up 5.9% from Q2 FY26, while net profit declined 8.3% to ₹1.10 crore. EBITDA rose 5.4% to ₹1.36 crore and the margin remained at 13.4%; against Q1 FY27, revenue increased 7.3% but profit fell 45.5%.
Key points
- Standalone revenue was ₹10.20 crore in Q2 FY27, up 5.9% from ₹9.63 crore a year earlier and 7.3% from ₹9.51 crore in Q1 FY27.
- EBITDA rose to ₹1.36 crore from ₹1.29 crore in Q2 FY26, while the EBITDA margin remained unchanged at 13.4%.
- Net profit was ₹1.10 crore in Q2 FY27, down 8.3% from ₹1.20 crore a year earlier and 45.5% from ₹2.02 crore in Q1 FY27.
- Basic EPS declined to ₹3.80 from ₹4.14 in Q2 FY26 and ₹6.97 in Q1 FY27.
- H1 FY27 revenue was ₹19.71 crore, up 14.5% from ₹17.22 crore, while net profit rose 42.9% to ₹3.13 crore.
How did Walchand Peoplefirst perform in Q2 FY27?
Walchand Peoplefirst reported standalone revenue of ₹10.20 crore for Q2 FY27, up ₹0.57 crore or 5.9% from ₹9.63 crore in Q2 FY26. EBITDA was ₹1.36 crore, up ₹0.07 crore or 5.4% year on year, while the margin remained at 13.4%. Profit before tax was ₹1.64 crore, compared with ₹1.63 crore in Q2 FY26.
Against Q1 FY27, revenue rose ₹0.69 crore or 7.3% from ₹9.51 crore and EBITDA increased ₹0.16 crore or 13.3% from ₹1.20 crore. The EBITDA margin moved up 0.8 percentage points to 13.4%. Net profit fell ₹0.92 crore or 45.5% to ₹1.10 crore, and basic EPS declined ₹3.17 to ₹3.80 from ₹6.97. The results are standalone, and the filing states that the company has a single segment, Training.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 10.20 | 9.51 | 9.63 | +5.9% | +7.3% |
| Other income | 0.38 | 1.35 | 0.43 | −11.6% | −71.9% |
| Total expenses | 8.94 | 8.40 | 8.44 | +5.9% | +6.4% |
| EBITDA | 1.36 | 1.20 | 1.29 | +5.4% | +13.3% |
| EBITDA margin | 13.4% | 12.6% | 13.4% | +0.0 pp | +0.8 pp |
| Profit before tax | 1.64 | 2.46 | 1.63 | +0.6% | −33.3% |
| Tax | 0.54 | 0.44 | 0.43 | +25.6% | +22.7% |
| Net profit | 1.10 | 2.02 | 1.20 | −8.3% | −45.5% |
| EPS (₹) | 3.80 | 6.97 | 4.14 | −8.2% | −45.5% |
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 Walchand Peoplefirst's costs and profit?
Total expenses rose ₹0.50 crore or 5.9% year on year to ₹8.94 crore, from ₹8.44 crore. Employee cost increased ₹0.39 crore or 9.7% to ₹4.41 crore, depreciation rose ₹0.02 crore or 25.0% to ₹0.10 crore, and other expenses increased ₹0.10 crore or 2.3% to ₹4.42 crore. Finance costs remained at ₹0.01 crore, while there was no cost of materials and no exceptional item.
Other income declined ₹0.05 crore or 11.6% to ₹0.38 crore from ₹0.43 crore, while tax increased ₹0.11 crore or 25.6% to ₹0.54 crore from ₹0.43 crore. EBITDA increased, and profit before tax was broadly unchanged at ₹1.64 crore versus ₹1.63 crore, but net profit fell ₹0.10 crore or 8.3% to ₹1.10 crore. Compared with Q1 FY27, other income fell ₹0.97 crore and total expenses rose ₹0.54 crore, while profit before tax fell ₹0.82 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 4.41 | 4.02 | +0.39 | +9.7% |
| Finance costs | 0.01 | 0.01 | 0 | +0.0% |
| Depreciation | 0.10 | 0.08 | +0.02 | +25.0% |
| Other expenses | 4.42 | 4.32 | +0.10 | +2.3% |
| Total expenses | 8.94 | 8.44 | +0.50 | +5.9% |
| Other income | 0.38 | 0.43 | −0.05 | −11.6% |
| Tax | 0.54 | 0.43 | +0.11 | +25.6% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, standalone revenue was ₹19.71 crore, up ₹2.49 crore or 14.5% from ₹17.22 crore in H1 FY26. Total income increased 13.3% to ₹21.44 crore from ₹18.92 crore, while profit before tax rose 47.5% to ₹4.10 crore from ₹2.78 crore.
Net profit for H1 FY27 was ₹3.13 crore, up ₹0.94 crore or 42.9% from ₹2.19 crore in H1 FY26. Basic EPS increased to ₹10.76 from ₹7.55, a rise of ₹3.21 or 42.5%.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 19.71 | 17.22 | +14.5% |
| Profit before tax | 4.10 | 2.78 | +47.5% |
| Net profit | 3.13 | 2.19 | +42.9% |
| EPS (₹) | 10.76 | 7.55 | +42.5% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹41.55 crore, compared with ₹39.25 crore at 31 March 2026. Total equity rose to ₹33.48 crore from ₹30.60 crore, while borrowings declined to ₹0.09 crore from ₹0.15 crore and cash fell to ₹3.07 crore from ₹3.38 crore. Trade receivables increased to ₹7.20 crore from ₹5.08 crore, and trade payables fell to ₹0.83 crore from ₹1.10 crore.
H1 FY27 operating cash flow was negative ₹1.58 crore, compared with negative ₹0.43 crore in H1 FY26. Investing cash flow was ₹1.64 crore against ₹0.42 crore, financing cash flow was negative ₹0.38 crore against negative ₹0.37 crore, and capital expenditure was ₹0.33 crore against ₹0.15 crore. The filing does not provide a reason for the operating cash-flow movement.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 41.55 | 39.25 |
| Total equity | 33.48 | 30.60 |
| Borrowings | 0.09 | 0.15 |
| Cash and equivalents | 3.07 | 3.38 |
| Inventories | 0 | 0 |
| Trade receivables | 7.20 | 5.08 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −1.58 | −0.43 |
| Cash from investing | 1.64 | 0.42 |
| Cash from financing | −0.38 | −0.37 |
| Capital expenditure | 0.33 | 0.15 |
Source: Company's results filing (XBRL).
How has Walchand Peoplefirst done over the last 8 quarters?
Revenue increased year on year in each of the last eight quarters. Across the reported period, revenue was highest at ₹10.20 crore in Q2 FY27 and lowest at ₹7.58 crore in Q1 FY26. The latest quarter therefore extended the revenue rise, although profit was lower than the preceding quarter’s ₹2.02 crore.
PAT peaked at ₹2.02 crore in Q1 FY27 and bottomed at a loss of ₹0.08 crore in Q4 FY26; it then fell to ₹1.10 crore in Q2 FY27. The EBITDA margin reached 13.4% in both Q2 FY26 and Q2 FY27, after bottoming at negative 0.5% in Q1 FY26, and the latest quarter’s direction was higher than Q1 FY27’s 12.6%.
How did Walchand Peoplefirst shares react?
After the filing appeared after market, the stock was down 5.1% at 5, 15 and 30 minutes. It closed 3.5% lower on the reaction day from the pre-results close of ₹121.00, then recovered to be up 3.3% by the next day’s close. By five sessions, it was down 5.0% from the pre-results close.
The Consulting Services industry median fell 0.1% on the reaction day, 1.2% by the next day and 2.3% by five days. Walchand Peoplefirst therefore underperformed the industry by 3.4 percentage points on the reaction day and 2.7 percentage points over five sessions. Earlier results-day moves ranged from a fall of 1.7% on 3 July 2026 and 14 May 2026 to a rise of 13.9% on 31 July 2025.
| After the filing | Stock | Consulting Services median |
|---|---|---|
| 5 minutes | −5.1% | |
| 15 minutes | −5.1% | |
| 30 minutes | −5.1% | |
| Reaction day | −3.5% | −0.1% |
| Next day | +3.3% | −1.2% |
| 5 days | −5.0% | −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 |
|---|---|
| 3 July 2026 | −1.7% |
| 14 May 2026 | −1.7% |
| 16 January 2026 | +3.5% |
| 29 October 2025 | +1.5% |
| 31 July 2025 | +13.9% |
| 12 May 2025 | +5.6% |
| 28 October 2024 | +8.0% |
| 2 July 2024 | +3.8% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Walchand Peoplefirst's revenue in Q2 FY27?
Revenue from operations was ₹10.20 crore, up 5.9% from ₹9.63 crore in Q2 FY26 (standalone).
Did Walchand Peoplefirst make a profit in Q2 FY27?
Yes. Net profit was ₹1.10 crore, against a net profit of ₹1.20 crore in Q2 FY26.
What was Walchand Peoplefirst's EPS in Q2 FY27?
Basic earnings per share were ₹3.80, against ₹4.14 in Q2 FY26.
How did Walchand Peoplefirst shares react to the Q2 FY27 results?
On the reaction day the stock moved −3.5% from the previous close; the median Consulting Services stock moved −0.1%.
When did Walchand Peoplefirst announce its Q2 FY27 results?
On 22 October 2026, in a filing to the BSE.
Sources
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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