Standalone Loss Narrows 12.7% YoY on 27.4% Income Growth; Consolidated PAT Margin Improves 144 bps YoY
Mumbai, India: CSM Technologies Limited (BSE: 544806 | NSE: CSM), a GovTech and enterprise digital transformation company, today announced its unaudited consolidated and standalone financial results for the first quarter ended 30th June 2026. The results were reviewed by the Audit Committee and approved and taken on record by the Board of Directors at their meetings held on 14th August 2026.
Total income for the quarter grew 21.2% year-on-year to ₹4,324.7 Lakh (₹43.25 crore), while the Company reported a consolidated net loss of ₹828.07 Lakh for the period. The first quarter is historically the Company’s lightest, with revenue recognition weighted towards the second half of the financial year in line with government project and budget cycles, against a substantially fixed cost base. The Company had similarly reported a net loss of ₹734.76 Lakh in the corresponding quarter of the previous year.
Q1 FY27 Consolidated Highlights (₹ Lakh)
| Particulars | Q1 FY27 (Unaudited) | Q1 FY26 (Unaudited) | YoY | Q4 FY26 (Audited) | QoQ |
| Total Income | 4,324.69 | 3,569.32 | +21.2% | 6,166.85 | -29.9% |
| Profit / (Loss) for the period before Tax, Exceptional and/or Extraordinary Items | (1,074.95) | (960.15) | (12.0%) | 1,417.28 | NM |
| Net Profit / (Loss) for the period after Tax** | (828.07) | (734.76) | (12.7%) | 929.87 | NM |
| PAT Margin | -19.1% | -20.6% | +144 bps | 15.1% | NM |
| Total Comprehensive Income / (Loss) for the period | (837.97) | (769.12) | (9.0%) | 1,084.08 | NM |
| Paid-up Equity Share Capital (Face Value of ₹10/- each) | 5,160.35 | 3,870.25 | +33.3% | 3,870.25 | +33.3% |
| Earnings / (Loss) per Share (of ₹10/- each) – Basic & Diluted, not annualised (₹) | (2.14) | (1.96) | NM | 2.41 | NM |
*EBITDA = Profit before exceptional items and tax, finance costs and depreciation & amortisation. NM = not meaningful, given the sign change between comparative periods.
**There were no exceptional or extraordinary items in Q1 FY27 or Q1 FY26; accordingly, Profit / (Loss) before Tax is identical before and after exceptional items for both periods and is presented as a single line. Q4 FY26 figures are stated after an exceptional charge of ₹273.24 Lakh towards the statutory impact of the new Labour Codes; Q4 FY26 Profit before Tax shown above is the pre-exceptional figure of ₹1,417.28 Lakh.
Note: Q1 is seasonally the Company’s weakest quarter and Q4 its strongest; sequential (QoQ) comparison is therefore not indicative of underlying performance trends.
Q1 FY27 Standalone Highlights (₹ Lakh)
| Particulars | Q1 FY27 (Unaudited) | Q1 FY26 (Unaudited) | YoY |
| Total Income | 4,100.90 | 3,218.23 | +27.4% |
| Profit / (Loss) before Tax | (1,035.58) | (1,188.80) | Loss down 12.9% |
| Profit / (Loss) after Tax | (777.81) | (890.85) | Loss down 12.7% |
| Total Comprehensive Income / (Loss) | (777.81) | (890.85) | Loss down 12.7% |
At the standalone level, the Company reduced its loss year-on-year on the back of 27.4% income growth.
Management Commentary
Commenting on the results, Mr. Priyadarshi Pany, Chairman, Managing Director & CEO, said: “The first quarter is seasonally our lightest, and this year followed that established pattern. What we are encouraged by is the top line: total income grew 21.2% year-on-year on a consolidated basis and 27.4% at the standalone level, and our standalone loss narrowed by 12.7%. Consolidated PAT margin also improved by 144 basis points year-on-year.
“Our cost base is largely fixed through the year while revenue recognition remains weighted towards the second half, driven by government project and budget cycles. We continue to invest deliberately in proprietary platforms, AI and data-led capabilities, and in expanding our footprint across India and international markets. With a robust order book in hand, and a strengthened balance sheet following our listing, we remain confident of delivering a strong full-year FY27.”
Operational and Business Highlights
- Total income growth of 21.2% YoY on a consolidated basis and 27.4% on a standalone basis reflects.
- The company secured a World Bank-funded contract worth INR 32.08 million in July 2026 to build an Electronic Auctioning Platform for Malawi’s Public Private Partnership Commission.
- During the quarter, the paid-up equity share capital increased from ₹3,870.25 Lakh to ₹5,160.35 Lakh.
- The Company continued to invest in proprietary technology platforms and emerging technologies, including Artificial Intelligence, Machine Learning, cybersecurity, cloud, data analytics and automation, to develop scalable digital transformation solutions.
- The Company continued to leverage its sectoral expertise across Mining & Allied Services, Government & Public Services, Agriculture & Allied Services, Industry & Trade Facilitation, Education, Healthcare and Tourism to deliver customised, technology-led solutions, while strengthening its presence across India and international markets, particularly Africa.
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