Revenue Recognition Remains Weighted to the Second Half; Africa Region Continues to Provide Strong Opportunities
Mumbai, India: CSM Technologies Limited (BSE: 544806 | NSE: CSM), an AI-based GovTech and enterprise digital transformation company, today announced its unaudited consolidated and standalone financial results for the second quarter and half year ended 30th September 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 13th November 2026.
Total income for Q2 FY27 stood at ₹4,303.60 Lakh (₹43.04 crore), broadly flat on the preceding quarter (-0.5%) and lower by 35.1% against ₹6,631.70 Lakh in Q2 FY26. For the half year, total income was ₹8,628.29 Lakh (₹86.28 crore), down 15.4% year-on-year. The Company reported a consolidated net loss of ₹1,020.23 Lakh for the quarter and ₹1,848.31 Lakh for the half year, against a net profit of ₹1,338.77 Lakh and ₹604.01 Lakh in the corresponding periods of the previous year. Revenue recognition continues to be weighted towards the second half of the financial year in line with government project and budget cycles, against a substantially fixed cost base.
Q2 FY27 Consolidated Highlights (₹ Lakh)
| Particulars | Q2 FY27 (Unaudited) | Q2 FY26 (Unaudited) | YoY | Q1 FY27 (Unaudited) | QoQ |
| Total Income | 4,303.60 | 6,631.70 | -35.10% | 4,324.69 | -0.50% |
| Profit / (Loss) for the period before Tax, Exceptional and/or Extraordinary Items | -1,385.15 | 1,802.05 | NM | -1,074.95 | Loss up 28.9% |
| Net Profit / (Loss) for the period after Tax** | -1,020.23 | 1,338.77 | NM | -828.07 | Loss up 23.2% |
| PAT Margin | -23.70% | 20.20% | NM | -19.10% | NM |
| Total Comprehensive Income / (Loss) for the period | -1,051.76 | 1,324.56 | NM | -837.97 | Loss up 25.5% |
| Paid-up Equity Share Capital (Face Value of ₹10/- each) | 5,160.35 | 3,870.25 | 33.30% | 5,160.35 | – |
| Earnings / (Loss) per Share (of ₹10/- each) – Basic & Diluted, not annualised (₹) | -2.65 | 3.44 | NM | -2.14 | NM |
NM = not meaningful, given the sign change between comparative periods.
**There were no exceptional or extraordinary items in Q2 FY27, Q1 FY27 or Q2 FY26; accordingly, Profit / (Loss) before Tax is identical before and after exceptional items and is presented as a single line. Figures for Q2 FY26 and H1 FY26 have not been subjected to limited review by the Statutory Auditors.
Note: Revenue recognition is weighted towards the second half of the financial year; quarterly comparisons are therefore not indicative of full-year performance.
H1 FY27 Consolidated Highlights (₹ Lakh)
| Particulars | H1 FY27 (Unaudited) | H1 FY26 (Unaudited) | YoY |
| Total Income | 8,628.29 | 10,201.02 | -15.40% |
| Profit / (Loss) for the period before Tax, Exceptional and/or Extraordinary Items | -2,460.10 | 841.9 | NM |
| Net Profit / (Loss) for the period after Tax** | -1,848.31 | 604.01 | NM |
| Total Comprehensive Income / (Loss) for the period | -1,889.73 | 555.45 | NM |
| Earnings / (Loss) per Share (of ₹10/- each) – Basic & Diluted, not annualised (₹) | -4.12 | 1.49 | NM |
Q2 FY27 Standalone Highlights (₹ Lakh)
| Particulars | Q2 FY27 (Unaudited) | Q2 FY26 (Unaudited) | YoY |
| Total Income | 3,879.55 | 6,450.81 | -39.90% |
| Profit / (Loss) before Tax | -1,642.78 | 1,749.64 | NM |
| Profit / (Loss) after Tax | -1,232.22 | 1,305.15 | NM |
| Total Comprehensive Income / (Loss) | -1,260.71 | 1,305.15 | NM |
For H1 FY27, standalone total income was ₹7,980.45 Lakh (H1 FY26: ₹9,669.04 Lakh), with a standalone net loss of ₹2,010.03 Lakh against a net profit of ₹414.30 Lakh in H1 FY26.
Commenting on the results, Mr. Priyadarshi Pany, Chairman, Managing Director & CEO, said: “The first half is seasonally our lighter period, and our second-quarter performance reflects that pattern together with the timing of project milestones. Total income held steady quarter-on-quarter, but the quarter was lower than the exceptionally strong second quarter of last year, and we are not satisfied with the profit outcome.
“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 solutions and data-led capabilities, and in expanding our footprint across India and international markets. With the order book we have in hand and a strengthened balance sheet following our listing, we remain focused on delivering a stronger second half of FY27.”
Leave a Reply