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WSFx Global Pay Q2 FY27 results: net profit up 16.1% to ₹4.26 crore, revenue up 27.5%
WSFx Global Pay Ltd reported standalone Q2 FY27 revenue of ₹44.58 crore, up 27.5% from Q2 FY26 and 91.9% from Q1 FY27. Net profit was ₹4.26 crore, compared with ₹3.67 crore a year earlier and ₹0.30 crore in the previous quarter, while basic EPS rose to ₹3.29.
Key points
- Q2 FY27 revenue was ₹44.58 crore, up ₹9.62 crore or 27.5% year on year and ₹21.35 crore or 91.9% from Q1 FY27.
- EBITDA was ₹5.48 crore, with a margin of 12.3%, compared with 15.8% in Q2 FY26 and 4.6% in Q1 FY27.
- Profit before tax was ₹5.33 crore, up 9.7% year on year, while net profit rose 16.1% to ₹4.26 crore and basic EPS increased to ₹3.29.
- H1 FY27 revenue was ₹67.81 crore, total income was ₹70.44 crore, profit before tax was ₹5.91 crore and net profit was ₹4.56 crore.
- The stock closed 7.1% higher on the reaction day, 8.9% above its pre-results close by the next day's close and 8.1% above it after five sessions.
How did WSFx Global Pay perform in Q2 FY27?
WSFx Global Pay reported standalone revenue of ₹44.58 crore in Q2 FY27, up 27.5% from ₹34.96 crore in Q2 FY26 and 91.9% from ₹23.23 crore in Q1 FY27. Total income was ₹45.99 crore, compared with ₹35.86 crore a year earlier and ₹24.45 crore in the previous quarter. No consolidated figures were given.
EBITDA was ₹5.48 crore, down 0.9% from ₹5.53 crore in Q2 FY26 but up 417.0% from ₹1.06 crore in Q1 FY27. The EBITDA margin was 12.3%, lower by 3.5 percentage points year on year and higher by 7.7 percentage points from the previous quarter.
Profit before tax rose 9.7% to ₹5.33 crore from ₹4.86 crore a year earlier and 819.0% from ₹0.58 crore in Q1 FY27. Net profit increased 16.1% to ₹4.26 crore from ₹3.67 crore and rose 1320.0% from ₹0.30 crore. Basic EPS was ₹3.29, against ₹2.96 in Q2 FY26 and ₹0.24 in Q1 FY27.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 44.58 | 23.23 | 34.96 | +27.5% | +91.9% |
| Other income | 1.41 | 1.22 | 0.90 | +56.7% | +15.6% |
| Total expenses | 40.66 | 23.87 | 30.99 | +31.2% | +70.3% |
| EBITDA | 5.48 | 1.06 | 5.53 | −0.9% | +417.0% |
| EBITDA margin | 12.3% | 4.6% | 15.8% | −3.5 pp | +7.7 pp |
| Profit before tax | 5.33 | 0.58 | 4.86 | +9.7% | +819.0% |
| Tax | 1.07 | 0.28 | 1.19 | −10.1% | +282.1% |
| Net profit | 4.26 | 0.30 | 3.67 | +16.1% | +1320.0% |
| EPS (₹) | 3.29 | 0.24 | 2.96 | +11.1% | +1270.8% |
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 WSFx Global Pay's costs and profit?
Total expenses rose 31.2% to ₹40.66 crore from ₹30.99 crore in Q2 FY26, exceeding the 27.5% rise in revenue. Employee cost increased ₹1.44 crore or 20.9% to ₹8.32 crore, while other expenses rose ₹8.21 crore or 36.4% to ₹30.77 crore. Finance costs fell ₹0.04 crore or 9.5% to ₹0.38 crore, and depreciation increased ₹0.04 crore or 3.5% to ₹1.18 crore.
Other income increased ₹0.51 crore or 56.7% to ₹1.41 crore from ₹0.90 crore in Q2 FY26. Tax expense was lower by ₹0.12 crore or 10.1% at ₹1.07 crore, compared with ₹1.19 crore. There was no exceptional item in either quarter.
Against Q1 FY27, total expenses rose ₹16.79 crore or 70.3%, led by other expenses, which increased ₹15.58 crore or 102.6% to ₹30.77 crore. Employee cost rose ₹1.34 crore or 19.2% to ₹8.32 crore, finance costs fell ₹0.16 crore or 29.6% to ₹0.38 crore, and tax expense increased ₹0.79 crore or 282.1% to ₹1.07 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 8.32 | 6.88 | +1.44 | +20.9% |
| Finance costs | 0.38 | 0.42 | −0.04 | −9.5% |
| Depreciation | 1.18 | 1.14 | +0.04 | +3.5% |
| Other expenses | 30.77 | 22.56 | +8.21 | +36.4% |
| Total expenses | 40.66 | 30.99 | +9.67 | +31.2% |
| Other income | 1.41 | 0.90 | +0.51 | +56.7% |
| Tax | 1.07 | 1.19 | −0.12 | −10.1% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, standalone revenue rose 27.0% to ₹67.81 crore from ₹53.41 crore in H1 FY26. Total income increased 28.3% to ₹70.44 crore from ₹54.92 crore, while profit before tax rose 17.5% to ₹5.91 crore from ₹5.03 crore.
Net profit for the first half increased 19.1% to ₹4.56 crore from ₹3.83 crore, and basic EPS rose 14.2% to ₹3.53 from ₹3.09. The filing reported these as unaudited standalone results for the period ended 30 September 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 67.81 | 53.41 | +27.0% |
| Profit before tax | 5.91 | 5.03 | +17.5% |
| Net profit | 4.56 | 3.83 | +19.1% |
| EPS (₹) | 3.53 | 3.09 | +14.2% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets rose to ₹355.36 crore at 30 September 2026 from ₹165.85 crore at 31 March 2026. Total equity increased to ₹44.47 crore from ₹41.4 crore, while borrowings fell to no outstanding borrowings from ₹7.73 crore. Cash and cash equivalents were ₹167.13 crore, compared with ₹14.26 crore.
Trade receivables rose to ₹56.86 crore from ₹28.43 crore, inventories increased to ₹4.32 crore from ₹3.16 crore, and trade payables rose to ₹184.66 crore from ₹78.24 crore. These comparisons are against the audited balance sheet dated 31 March 2026.
H1 FY27 operating cash flow was ₹141.06 crore, compared with ₹75.84 crore in H1 FY26. Investing cash flow was ₹21.93 crore against an outflow of ₹55.63 crore, financing cash flow was an outflow of ₹10.12 crore against an outflow of ₹5.22 crore, and capital expenditure was ₹0.94 crore against ₹3.81 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 355.36 | 165.85 |
| Total equity | 44.47 | 41.40 |
| Borrowings | 0 | 7.73 |
| Cash and equivalents | 167.13 | 14.26 |
| Inventories | 4.32 | 3.16 |
| Trade receivables | 56.86 | 28.43 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 141.06 | 75.84 |
| Cash from investing | 21.93 | −55.63 |
| Cash from financing | −10.12 | −5.22 |
| Capital expenditure | 0.94 | 3.81 |
Source: Company's results filing (XBRL).
How has WSFx Global Pay done over the last 8 quarters?
Revenue reached its highest quarterly level in Q2 FY27 at ₹44.58 crore. It had bottomed at ₹18.44 crore in Q1 FY26 before rising to ₹34.96 crore, easing through ₹28.35 crore and ₹26.18 crore, and then falling to ₹23.23 crore in Q1 FY27.
Net profit reached its highest level in Q2 FY27 at ₹4.26 crore, compared with its lowest level of ₹1.16 crore in Q3 FY25. EBITDA margin improved to 12.3% from 4.6% in Q1 FY27, but remained below the 15.8% recorded in Q2 FY26.
Revenue rose year on year in each of the last five quarters, while profit rose year on year in each of the last two quarters. The latest quarter therefore showed a sharp sequential recovery in revenue, profit and margin following the weaker Q1 FY27.
What else did the company announce?
The board approved the unaudited financial results and the statutory auditor's limited review report for the quarter and half-year ended 30 September 2026. The board also considered other business under the circulated agenda. The same-day investor presentation covered Q2 and H1 FY27 performance and the company’s perpetual AD-II licence.
The same-day filing did not disclose a dividend, a fund raise or any appointment. A separate filing on 18 October 2026 had scheduled the board meeting for 26 October 2026 to consider the results and had noted that the trading window for directors, designated persons and their immediate relatives would reopen after 48 hours from the results declaration.
What did WSFx Global Pay's management say?
Management said the perpetual AD-II licence broadens permissible non-trade and trade activity, and that the forex-correspondent framework could extend distribution without a branch network. The FXC rollout is planned for November 2026, while trade remittances are expected in Q4 FY27, possibly by December 2026-January 2027.
Management said digital penetration is around 70% and is being targeted at 90%. It may add two branches over the next 3-6 months, plans to expand regulated-entity card distribution and said tokenization was going live in Google Pay and Samsung Pay. No FY27 financial guidance was provided.
CEO Srikrishna Narasimhan said, “Our focus now is to convert this scale into a more consistent earning through deeper customer relationship and wider distribution.” He also said partner revenue sharing may dilute yields, while travel and leisure demand remains weak and the overall student-remittance market is not growing.
Management identified the need for systems, controls and additional trade expertise before scaling the enlarged mandate. It also said the scope and operating procedures for trade remittances were not yet final, leaving the earnings impact of the new channels uncertain.
How did WSFx Global Pay shares react?
After the filing appeared, the stock was down 1.6% at both five and 15 minutes and up 1.4% at 30 minutes. It closed the reaction day 7.1% above the pre-results close of ₹61.50, outperforming the median Financial Technology move of negative 0.5% by 7.6 percentage points.
Earlier results-day moves were mixed: the stock rose 15.5% on 4 November 2025, fell 6.5% on 22 July 2025 and fell 3.9% on 27 May 2025. It also fell 2.4% on 10 February 2026, moved 0.0% on 19 May 2026 and fell 0.2% on 13 August 2026.
| After the filing | Stock | Financial Technology (Fintech) median |
|---|---|---|
| 5 minutes | −1.6% | |
| 15 minutes | −1.6% | |
| 30 minutes | +1.4% | |
| Reaction day | +7.1% | −0.5% |
| Next day | +8.9% | −0.5% |
| 5 days | +8.1% | +2.6% |
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 |
|---|---|
| 13 August 2026 | −0.2% |
| 19 May 2026 | +0.0% |
| 10 February 2026 | −2.4% |
| 4 November 2025 | +15.5% |
| 22 July 2025 | −6.5% |
| 27 May 2025 | −3.9% |
| 10 May 2024 | +6.3% |
Source: MarketPing price-reaction measurement.
How did other Financial Technology (Fintech) companies do?
Five other Financial Technology companies that had filed for the quarter were compared with WSFx Global Pay. Their median revenue growth was 24.0%, compared with WSFx Global Pay’s revenue growth of 27.5% in Q2 FY27.
Three peers grew slower than WSFx Global Pay and two grew faster. Of the five peers whose profit was compared, four reported higher profit.
| WSFx Global Pay revenue growth (YoY) | +27.5% |
|---|---|
| Median of 5 other Financial Technology (Fintech) companies | +24.0% |
| Companies with slower revenue growth than WSFx Global Pay | 3 of 5 |
| Companies with faster revenue growth than WSFx Global Pay | 2 of 5 |
| Companies whose net profit rose | 4 of 5 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was WSFx Global Pay's revenue in Q2 FY27?
Revenue from operations was ₹44.58 crore, up 27.5% from ₹34.96 crore in Q2 FY26 (standalone).
Did WSFx Global Pay make a profit in Q2 FY27?
Yes. Net profit was ₹4.26 crore, against a net profit of ₹3.67 crore in Q2 FY26.
What was WSFx Global Pay's EPS in Q2 FY27?
Basic earnings per share were ₹3.29, against ₹2.96 in Q2 FY26.
How did WSFx Global Pay shares react to the Q2 FY27 results?
On the reaction day the stock moved +7.1% from the previous close; the median Financial Technology (Fintech) stock moved −0.5%.
When did WSFx Global Pay announce its Q2 FY27 results?
On 26 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Adoption Of Un-Audited Financial Result For The Quarter Ended September 30, 2026 And Any Other Business With The Permission Of Chairperson. (BSE, 18 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting Of Wsfx Global Pay Limited (BSE, 26 October 2026) · PDF
- Unaudited Financial Result (BSE, 26 October 2026) · PDF
- The earnings call (2 November 2026)
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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