SRIT India announced its financial results for the second quarter and first half of FY27. The company reported a 29.0% year-on-year revenue growth in Q2 FY27, reaching ₹1,047.0 million. For the first half, revenue stood at ₹1,925.1 million. Profitability also saw significant improvements, with a 17.2% year-on-year growth in Profit After Tax (PAT) for H1 FY27, amounting to ₹205.5 million. The company highlighted a substantial reduction in sub-contracting and technical fees by 29.8%, improving operational efficiency and cash flow.
SRIT India Announces Strong Q2 and H1 FY27 Performance
SRIT India Limited has disclosed its financial and operational performance for the second quarter (Q2) and the first half (H1) of the fiscal year 2027 (FY27), ending September 30, 2026. The company has demonstrated robust growth, improved profitability, and enhanced operational efficiency, notably following its recent Initial Public Offering (IPO).
Revenue and Profitability Highlights
In Q2 FY27, SRIT India recorded consolidated revenue from operations of ₹1,047.0 million, marking a significant 29.0% increase compared to ₹811.8 million in Q2 FY26. Sequentially, revenue grew by approximately 19.2% from Q1 FY27. For the first half of FY27, consolidated revenue stood at ₹1,925.1 million.
Profitability also showed positive trends. Consolidated Profit Before Tax (PBT) for Q2 FY27 was ₹188.9 million, up from ₹155.6 million in the prior year. Profit After Tax (PAT) for Q2 FY27 reached ₹137.4 million compared to ₹99.4 million in Q2 FY26. For H1 FY27, consolidated PAT increased to ₹205.5 million, a 17.2% year-on-year growth from ₹175.3 million in H1 FY26.
Cost Optimisation and Operational Efficiency
A key development in H1 FY27 was the significant reduction in sub-contracting and technical fees. These expenses decreased by approximately 29.8% year-on-year, from ₹1,725.9 million in H1 FY26 to ₹1,211.9 million in H1 FY27. This led to an improvement in the sub-contracting cost-to-revenue ratio, which fell from 74.2% to 63.0%.
The company also reported a significant improvement in operating cash flows. Net cash generated from operating activities in H1 FY27 was ₹865.3 million, a substantial improvement from an outflow of ₹190.4 million in H1 FY26. Consolidated cash and cash equivalents stood at ₹1,084.9 million as of September 30, 2026, enhancing the company’s financial position.
Strategic Direction and Outlook
The Managing Director, Mr. Nambiar Raghavan Madhusoodan, highlighted SRIT India’s focus as an AI-led technology company, strengthening capabilities and developing intelligent solutions. The company aims for sector-agnostic expansion, leveraging its expertise across various industries such as Healthcare, E-Governance, and Telecom.
The successful completion of the IPO and listing on stock exchanges on October 6, 2026, is marked as a significant milestone. SRIT India plans to focus on AI-led technology and innovation, business development, sector-agnostic expansion, and operational efficiency in the second half of FY27.
The CFO, Mr. Manesh George, emphasized continued focus on financial discipline, cost management, working capital, cash flow generation, and prudent capital allocation for long-term growth and shareholder value.
Source: BSE
