| Revenue growth | Q2 +47.5% YoY; H1 +24.6% YoY |
|---|---|
| Margins | EBITDA margin 41.8% vs 52.0% Q2FY26; flat QoQ |
| Order book | GPU contract ~₹118,312.5Mn (5-year term) |
| Demand visibility | USD1.25bn GPUaaS contract; SPOCHUB ₹11,766Mn advance |
Growth
Q2FY27 revenue +47.5% YoY and PAT +40.7% YoY. H1 PBT grew only +13.1%, held back by other expenses (+55.5%, including ₹23.4Mn IPO costs).
Outlook
No numeric growth guidance. GPUaaS (8,208 NVIDIA B300 GPUs, 5-year term) targeted for completion by Sept 2026, revenue from Q3FY27. ₹5,760Mn IPO proceeds earmarked for cloud equipment.
Risks
Q2 EBITDA margin fell to 41.8% from 52.0% YoY as other expenses rose 182%. DSO 82 days. ₹6,730.9Mn IPO cash unspent; GPUaaS delivery timing unproven.
Last quarter's promises, checked
Partly delivered
- Domestic order-book CAGR 30–40% → H1 revenue +24.6% YoY, different metric (= PARTIAL)
- PAT margin 15–20% on GPU deals → no deal-level margin disclosed (= PARTIAL)
Missed
- Sharon GPU go-live ~16 Sep (analyst-cited) → slipped 1–1.5 mths; now 'Nov first week' (= MISS)
- FY27 capex ₹1,500Cr+₹1,500Cr → ₹6,730.9Mn of ₹7,200Mn IPO cash unspent (= MISS)
Investor Presentation filed with NSE, NSE: ESDS. Summary written with AI assistance from the document.
ESDS Software Solution Ltd: key numbers
- Share price
- ₹1,131.10
- Market cap
- ₹13,258 Cr
- Revenue (annual)
- ₹472.2 Cr
- Net profit (annual)
- ₹120.3 Cr
- Promoter holding
- 39.47%
- FII holding
- 0.61%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from ESDS Software Solution Ltd
All →ESDS Software Solution Earnings Call Transcript: Key Takeaways
Q2 revenue ₹138.3 Cr, +3.5% QoQ; H1 revenue +24.6%, PAT +26.3% YoY. Growth hinges on Sharon AI GPU go-live, now targeted December 2026.
ESDS Software Solution Results Update
ESDS Software Solution reported Q2FY27 revenue up 48% YoY to Rs 1,383.4 million and PAT up 40.7%. H1FY27 revenue rose 25% YoY, with EBITDA margin at 41.8%.
ESDS Software Solution Q2 FY27 Results: Net Profit ₹31.1 Cr, Up 40.7% YoY
ESDS Software Solution Ltd reported revenue from operations of ₹138.3 Cr (+47.4% YoY) and net profit of ₹31.1 Cr (+40.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹31.1 Cr · +40.7% YoY
ESDS Software Solution Management Change
ESDS Software's CTO and CIO Sajiv Nair resigned for personal reasons, effective 29 October 2026. He will be relieved of duties on or before 27 January 2027.
ESDS Software Solution Board Meeting Date
ESDS Software Solution will hold a board meeting on 2 November 2026 to consider unaudited standalone and consolidated results for Q2 and half-year. This is a prior intimation of a future meeting with no decision yet taken.
ESDS Software Solution Other Announcement
ESDS Software Solution Ltd has submitted its quarterly shareholding pattern for the period ended September 30, 2026, in compliance with SEBI LODR Regulations.