Optiemus Infra. Q2 FY27 Results (NSE: OPTIEMUS)
Signal: Steady quarter
The read
The trajectory has inflected from the prior quarter's ₹88209.33 lakh revenue to ₹97625.54 lakh, led by manufacturing, but the quality of scale-up is mixed because H1 operating cash flow was negative ₹5586.45 lakh, borrowings rose to ₹35556.58 lakh and BIGTech remains pre-operative.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹976.26 Cr | N/A | +10.7% |
| EBIT | ₹51.47 Cr | N/A | |
| EBIT margin | 5.3% |
P&L walk
Revenue was ₹97625.54 lakh, with manufacturing contributing ₹93128.16 lakh; segment result was ₹5146.70 lakh, while PBT was ₹2889.87 lakh after finance costs and unallocated items, but consolidated PAT and EPS are not visible in the supplied statement text.
Segments
Manufacturing is the clear driver: it generated ₹93128.16 lakh of revenue and approximately ₹5087.74 lakh of segment result, versus ₹5188.68 lakh of revenue and approximately ₹58.96 lakh of result from trading and distribution; BIGTech remains pre-operative with ₹32345.96 lakh of CWIP.
Key positives
- Consolidated revenue reached ₹97625.54 lakh, up from ₹88209.33 lakh in Q1FY27, with manufacturing contributing ₹93128.16 lakh.
- Manufacturing generated approximately ₹5087.74 lakh of segment result, substantially exceeding the approximately ₹58.96 lakh contribution from trading and distribution.
- PPE increased to ₹18640.30 lakh and CWIP to ₹32345.96 lakh, indicating continued manufacturing-capacity investment.
- The standalone H1 operating cash flow was positive at ₹4525.55 lakh, despite the consolidated group reporting negative operating cash flow.
Key concerns
- Consolidated operating cash flow was negative ₹5586.45 lakh for H1FY27 despite PBT of ₹5714.26 lakh, pointing to working-capital absorption during the scale-up.
- Consolidated borrowings increased to ₹35556.58 lakh from ₹30555.86 lakh at March 31, 2026, while cash and cash equivalents fell to ₹2657.66 lakh from ₹3186.01 lakh.
- BIGTech remains in the pre-operative stage while CWIP stands at ₹32345.96 lakh, leaving the timing of revenue generation and cash returns unresolved.
- The trading segment contributed only approximately ₹58.96 lakh of result on ₹5188.68 lakh of revenue, leaving consolidated earnings increasingly dependent on manufacturing execution.
Research and educational content only. Not investment advice.