| Management target | Revenue 25.0% FY27 |
|---|
| Revenue growth | Organic; H1 revenue +56% YoY, volume-led with 7-8% pricing. |
|---|---|
| Margins | EBITDA margin 11.74% (+115bp); PAT margin 7.63% (+69bp). |
| Order book | White label order book ₹17.8 Cr at March 2026; no current figure. |
| Demand visibility | Festive and winter sales strong; October sales data positive so far. |
| Management confidence | Over-optimistic: 'comfortably' repeated; evasive on debt and cash flow. |
Growth
Volume ~40%, pricing 7-8%; quick commerce ~10% of H1 revenue vs ~4% FY26. Inventory ₹80→104 Cr (~30%), though management said 20-25%.
Outlook
FY27 guidance: 25-30% revenue growth, 5-10% margin increment; TRIBE ₹30-35 Cr; quick commerce targeted at 15% of revenue near-term.
Risks
Finance cost up ~160% with no debt figure given; input costs up 25-30%; quick-commerce receivables 45 days; operating cash flow withheld.
Earnings Call Transcript filed with NSE, NSE: FORCAS. Summary written with AI assistance from the document.
Forcas Studio Ltd: key numbers
- Share price
- ₹193.00
- Market cap
- ₹339.3 Cr
- Revenue (annual)
- ₹197.7 Cr
- Net profit (annual)
- ₹13.64 Cr
- P/E (TTM)
- 24.9×Sector 50.0×
- Promoter holding
- 60.30%
- FII holding
- 0.00%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Forcas Studio Ltd
All →Forcas Studio Investor Presentation: Key Takeaways
H1 FY27 Total Income ₹1,310.17 Mn (+56.4%), EBITDA ₹153.06 Mn (+72.6%), PAT ₹99.91 Mn (+72.0%); FTX scale plus TRIBE and quick-commerce expansion.
Forcas Studio Results Update
Forcas Studio reports H1 FY27 total income of Rs 1,310.17 Mn, up 56.4%, and PAT of Rs 99.91 Mn. FTX launched on Flipkart Minutes.
Forcas Studio H1 FY27 Results: Net Profit ₹10 Cr, Up 72.4% YoY
Forcas Studio Ltd reported revenue from operations of ₹130.3 Cr (+55.7% YoY) and net profit of ₹10 Cr (+72.4% YoY) for H1 FY27.
- Key figure
- Net profit ₹10 Cr · +72.4% YoY
Forcas Studio Board Meeting Date
Forcas Studio Limited scheduled a board meeting for 22-Oct-2026 to approve unaudited financial results for the half year ended September 2026.
Forcas Studio Other Announcement
Forcas Studio Limited informs that Corporate Governance provisions are not applicable for the quarter ended September 30, 2026, due to its SME-listed status.
Forcas Studio Annual General Meeting
Forcas Studio Limited held its 3rd Annual General Meeting on September 23, 2026. Shareholders considered financial statements, director appointments, remuneration revisions, and approved employee stock option plans.