| Revenue growth | Q2 revenue ₹138.3 Cr, +3.5% QoQ; H1 +24.6% YoY. |
|---|---|
| Margins | H1 EBITDA margin ~41.8% vs ~46.4% prior H1, contracting (derived). |
| Order book | 8,200 GPUs contracted to Sharon AI; no order book value disclosed. |
| Demand visibility | AI-lab demand per management; ₹3,000 Cr India pipeline; no Q2 advances. |
| Management confidence | Over-optimistic: repeated 'hopeful' timelines, Sharon AI defended firmly. |
Growth
H1 EBITDA +12.3% lags revenue +24.6%; margin ~41.8% vs ~46.4% (derived). Q2 YoY not disclosed.
Outlook
8,200-GPU cluster: ~₹288 Cr monthly revenue, ₹50-60 Cr monthly PAT post go-live. India capex ₹1,500 Cr targeted June 2027.
Risks
Go-live depends on NVIDIA certification and 20-day customer testing. Sharon AI counterparty concerns; customers ~1,709 from 2,500.
Last quarter's promises, checked
Partly delivered
- India capex ₹1,500 Cr in FY27 (by Mar-27) → now by Jun-27, amount held (= PARTIAL)
- ₹3,000 Cr domestic order book → now ₹3,000 Cr 'pipeline', no Q2 advances (= PARTIAL)
- 15-20% PAT margin on GPU deals → not yet live; fwd ₹50-60 Cr PAT on ₹288 Cr/mo ≈17-21% (derived) (= PARTIAL)
Missed
- Sharon AI go-live early Nov 2026 → now Dec 2026 (= MISS)
Earnings Call Transcript 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 Investor Presentation: Key Takeaways
H1FY27 revenue ₹2,719.9Mn (+24.6% YoY), PAT ₹603.7Mn (+26.3%), EBITDA margin 41.8%. Q2FY27 revenue ₹1,383.4Mn (+47.5% YoY, +3.5% QoQ). Large GPUaaS contract is the key growth driver.
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.