Saksoft Q2 FY27 Results (NSE: SAKSOFT)
Signal: Revenue declined
The read
The key inflection is weaker operating quality rather than sequential demand: consolidated revenue was flat QoQ but down 3.82% YoY, EBITDA margin fell 198bps to 17.60% as employee cost rose to 52.42% of revenue, and BFS result declined 33.52%; the standalone PAT decline of 31.69% was amplified by a 91.74% fall in other income.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹248.61 Cr | -3.82% | 0.00% |
| EBIT | ₹40.62 Cr | -14.18% | |
| Net profit | ₹32.12 Cr | -10.70% | |
| EPS | ₹2.49 | -11.07% | |
| EBIT margin | 16.33% |
P&L walk
Consolidated revenue declined 3.82% YoY to ₹24,861.21 lakh, EBITDA margin compressed to 17.60% from 19.58% as employee cost rose 1.17% despite lower revenue, and PAT declined 10.70% to ₹3,211.78 lakh.
Segments
Emerging vertical remained the largest contributor at ₹11,483.58 lakh revenue and ₹2,296.52 lakh result, with result rising 10.35% YoY, while BFS dragged the group as revenue fell 7.70% and result fell 33.52%; Commerce result fell 61.15% to ₹102.96 lakh.
Key positives
- Consolidated finance costs declined 44.06% YoY to ₹129.55 lakh, cushioning the 13.54% EBITDA decline.
- Emerging vertical segment result increased 10.35% YoY to ₹2,296.52 lakh despite revenue declining 4.46% to ₹11,483.58 lakh.
- H1 operating cash flow remained positive at ₹6,460.39 lakh, and the group held net cash of ₹22,944.18 lakh at 30 September 2026.
- Logistics revenue grew 14.00% YoY to ₹3,954.13 lakh, although its segment result declined 17.66% to ₹888.79 lakh.
Key concerns
- Consolidated EBITDA margin compressed 198bps YoY to 17.60% because employee benefits increased 1.17% while revenue declined 3.82%.
- BFS segment result declined 33.52% YoY to ₹1,087.72 lakh on 7.70% revenue contraction, making the largest segment a material drag.
- Standalone PAT declined 31.69% YoY to ₹2,282.08 lakh as other income fell 91.74% to ₹122.71 lakh.
- Commerce segment result fell 61.15% YoY to ₹102.96 lakh on a 13.75% revenue decline.
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