Seshaasai Technologies Q2FY27: Revenue Up 15% to ₹405.3 Cr, PAT Grows 21% to ₹69.7 Cr
Seshaasai Technologies reported Q2FY27 revenue of ₹405.3 crore, up 15.0% YoY, and PAT of ₹69.7 crore, up 21.0% YoY. Payment Solutions revenue grew 21.7% YoY to ₹218.3 crore. EBITDA increased 12.0% YoY to ₹106.6 crore. Finance costs reduced by 74.9% YoY.
The announcement details significant financial performance improvements, including substantial revenue and profit growth, which are material to investors.
The company reported strong year-on-year growth in revenue and profit, along with significant cost reductions, indicating a positive financial performance.
Seshaasai Technologies Limited (formerly Seshaasai Business Forms Limited) has announced its financial results for the second quarter of fiscal year 2027 (Q2FY27), ending September 30, 2026.
The company reported a significant increase in revenue from operations, which grew by 15.0% year-on-year (YoY) to ₹4,053.1 million (₹405.3 crore), and by 7.7% quarter-on-quarter (QoQ) to ₹3,764.7 million in Q1FY27. This growth was primarily driven by the Payment Solutions segment, which saw a 21.7% YoY increase in revenue to ₹2,182.6 million, supported by higher volumes of domestic payment cards, growth in metal cards, mass-transit programs, and card exports. The Communication & Fulfilment Solutions (CFS) and IoT Solutions segments also contributed to the overall revenue.
Profitability metrics showed strong improvement. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by 12.0% YoY to ₹1,065.6 million, with an EBITDA margin of 26.3%. Operating EBITDA increased by 7.0% YoY to ₹1,006.2 million, maintaining a margin of 24.8%. Profit After Tax (PAT) surged by 21.0% YoY to ₹697.3 million, with a PAT margin of 17.2%. The company highlighted a sharp reduction in finance costs by 74.9% YoY, attributed to debt repayment and stronger liquidity.
Despite a YoY decline of 331 basis points in Gross Margin to 42.5% due to increased material costs, the company achieved an 89 bps QoQ recovery. Operating expenses were well-controlled, with employee and other expenses growing below revenue. The company also noted that material-cost pressure persisted YoY due to elevated USD/INR environment and supply-chain disruptions.
In its H1FY27 performance, Seshaasai Technologies reported total revenue of ₹7,818 million, a 17.9% YoY increase, and PAT of ₹1,301 million, a 37.7% YoY jump. The company continues to leverage its established leadership position, long-standing customer relationships, proprietary technology stack, and pan-India manufacturing capabilities.
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