FCS Software H1FY27 Results (NSE: FCSSOFT)
Signal: Loss reversed
The read
The trajectory has improved sharply from the prior-year ₹200.50 lakh consolidated loss to ₹55.52 lakh profit on revenue growth of 106.5%, but earnings quality is mixed because ₹370.28 lakh of other income exceeded ₹155.80 lakh of consolidated PBT and depreciation rose while PPE fell.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹31.41 Cr | +106.5% | N/A |
| Net profit | ₹0.56 Cr | N/M | |
| EPS | ₹0.01 | N/M | |
| EBIT margin | N/A |
P&L walk
H1FY27 consolidated revenue increased to ₹3141.01 lakh from ₹1521.30 lakh, but reported PAT of ₹55.52 lakh was supported by ₹370.28 lakh of other income while the consolidated asset base declined.
Segments
India drove the recovery, contributing ₹2377.41 lakh of H1 revenue and ₹730.00 lakh of segment result, while outside India contributed ₹783.60 lakh of revenue and ₹127.04 lakh of result; standalone PAT of ₹71.31 lakh exceeded consolidated PAT of ₹55.52 lakh.
Key positives
- Consolidated H1 revenue increased 106.5% to ₹3141.01 lakh from ₹1521.30 lakh, led by India revenue of ₹2377.41 lakh.
- Operating cash flow turned positive at ₹1240.20 lakh from an outflow of ₹1266.20 lakh in H1FY26.
- PAT recovered to ₹55.52 lakh from a ₹200.50 lakh loss, and EPS improved to ₹0.008 from negative ₹0.005.
Key concerns
- Other income of ₹370.28 lakh was more than twice consolidated PBT of ₹155.80 lakh, making the ₹55.52 lakh PAT recovery less operationally robust.
- Consolidated finance costs rose 84.0% to ₹50.07 lakh, while property, plant and equipment declined to ₹3711.97 lakh from ₹3874.44 lakh.
- Standalone PAT of ₹71.31 lakh exceeded consolidated PAT of ₹55.52 lakh, indicating subsidiaries and associate effects diluted group earnings.
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