SRIT India Q2 FY27 Revenue surges 29% YoY to ₹104.7 Crore; PAT up 38%
SRIT India reported Q2 FY27 revenue of ₹104.7 crore, up 29% YoY. PAT for Q2 FY27 was ₹13.74 crore, up 38% YoY. H1 FY27 PAT grew 17.2% to ₹20.55 crore. Operating cash flow improved significantly to ₹86.53 crore in H1 FY27. The company also successfully completed its ₹218.4 crore IPO.
The announcement details robust financial performance with significant growth metrics, a substantial improvement in cash flow, and the successful completion of an IPO, which are all material events for investors and the company's future prospects.
The company reported strong year-on-year revenue and profit growth, significant improvement in operating cash flows, and a reduction in key expenses. The successful completion and listing of their IPO further strengthens the positive outlook.
SRIT India Limited has announced its financial results for the quarter and half year ended September 30, 2026. The company reported a consolidated revenue from operations of ₹104.7 crore in Q2 FY27, a significant year-on-year growth of approximately 29.0% compared to ₹81.18 crore in Q2 FY26. Sequentially, Q2 FY27 revenue increased by approximately 19.2% from ₹87.81 crore in Q1 FY27.
Consolidated Profit Before Tax (PBT) for Q2 FY27 stood at ₹18.89 crore, up from ₹15.56 crore in Q2 FY26. Profit After Tax (PAT) for Q2 FY27 was ₹13.74 crore, a substantial increase from ₹9.94 crore in Q2 FY26. For H1 FY27, consolidated PAT grew by approximately 17.2% to ₹20.55 crore from ₹17.53 crore in H1 FY26.
A key highlight for H1 FY27 was the reduction in sub-contracting and technical fees, which declined by approximately 29.8% year-on-year to ₹121.19 crore from ₹172.59 crore in H1 FY26. This improved the sub-contracting cost-to-revenue ratio from 74.2% to 63.0%.
Consolidated net cash flow from operating activities was ₹86.53 crore during H1 FY27, a marked improvement from an outflow of ₹19.04 crore in H1 FY26. As of September 30, 2026, consolidated cash and cash equivalents stood at ₹108.49 crore, a significant increase from ₹5.59 crore as of March 31, 2026. Total consolidated equity rose to ₹279.82 crore.
Commenting on the performance, Managing Director Mr. Nambiar Raghavan Madhusoodan highlighted the company's progress in strengthening business operations and financial performance, driven by AI-led technology and a sector-agnostic approach. CFO Manesh George emphasized the focus on cost discipline, working capital management, and improved cash flow generation.
The company's operations are classified under a single reportable segment: AI-native Software Development and Deployment Services, with experience across Healthcare, E-Governance, and Telecom & Broadband sectors.
SRIT India also successfully completed its Initial Public Offering (IPO) post the reporting period, raising ₹218.4 crore through a fresh issue of 1.68 crore equity shares at ₹130 per share. The company's shares were listed on NSE and BSE on October 6, 2026.
Looking ahead, SRIT India's priorities include AI-led technology and innovation, business development, sector-agnostic expansion, operational efficiency, technology platform development, financial discipline, and exploring inorganic growth opportunities through strategic investments and partnerships. The company has not provided specific revenue or EBITDA margin guidance for FY27.
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