ALFA Finder| Management target | Revenue 25.0% FY28 |
|---|
| Revenue growth | H1 revenue +62% YoY to ₹196 Cr; Q2 +82% YoY to ₹120 Cr. |
|---|---|
| Margins | EBITDA 7.83% Q2, 8.06% H1; FY27 guided above 11%, earlier 13-14%. |
| Order book | ₹1,121 Cr across 97 projects; ~78% government, mainly ₹854 Cr developer. |
| Demand visibility | Storage and data-centre demand strong; BESS pipeline growing, government tenders selective. |
| Management confidence | Over-optimistic: margin shortfall hedged, FY28 25% growth called 'minimum'. |
Growth
Q2 revenue ₹120 Cr (+82% YoY) came with EBITDA down 17% and PAT down 27%. H1 revenue ₹196 Cr (+62%), with H1 EBITDA up only 5%.
Outlook
FY27 revenue ~₹500 Cr; FY27 EBITDA margin ~11%+. FY28 revenue growth minimum 25%; FY28 PAT margin 8.5-9%.
Risks
Operating cash flow is still negative and working capital cycle is 192 days. Debt will rise, and developer-project margins are at risk from the planned downsell.
Last quarter's promises, checked
Delivered
- Min 25% FY27 growth → H1 +62% (= BEAT)
- Jhajjar BESS live end-H1 → commissioned (= BEAT)
- Gujarat UPS Q2 FY27 → commissioned (= BEAT)
Partly delivered
- OCF positive by FY27-end → Q1 -₹16 Cr, still negative (= PARTIAL)
- Karnataka developer sell-off as first priority → two projects in downsell talks (= PARTIAL)
Missed
- FY27 EBITDA 12-13% → H1 8.06%, now ~11% (= MISS)
- WC 120-150 days by Mar-27 → 192 days (= MISS)
- FY27 PAT 8.5-9% → Q1 6.05%; range now shifted to FY28 (= MISS)
Earnings Call Transcript filed with NSE, NSE: PROSTARM. Summary written with AI assistance from the document.
Prostarm Info Systems Ltd: key numbers
- Share price
- ₹131.15
- Market cap
- ₹772.1 Cr
- Revenue (annual)
- ₹385.8 Cr
- Net profit (annual)
- ₹33.00 Cr
- P/E (TTM)
- 23.0×Sector 42.6×
- Promoter holding
- 72.83%+0.00% QoQ
- FII holding
- 0.44%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Prostarm Info Systems Ltd
All →Prostarm Info Systems Investor Presentation: Key Takeaways
Q2 FY27 revenue INR 1,200 Mn (+82.1% YoY), EBITDA margin 7.83%, PAT INR 61 Mn (-26.5%). H1 revenue INR 1,961 Mn (+62.3%), PAT INR 107 Mn. Order book INR 11,207 Mn, BESS-led.
Prostarm Info Systems Q2 FY27 Results: Net Profit ₹6.1 Cr, Down 26.5% YoY
Prostarm Info Systems Ltd reported revenue from operations of ₹120 Cr (+82.1% YoY) and net profit of ₹6.1 Cr (-26.5% YoY) for Q2 FY27.
- Key figure
- Net profit ₹6.1 Cr · -26.5% YoY
Prostarm Info Systems Other Announcement
Prostarm Info Systems informed exchanges that its RTA, KFin Technologies, is shifting its corporate office to Kokapet, Hyderabad, effective December 1, 2026. Investors should update their records with the new address.
Prostarm Info Systems Board Meeting Date
PROSTARM INFO SYSTEMS LIMITED intimated a board meeting on 07 Nov 2026 to consider unaudited standalone and consolidated half-yearly financial results for September 2026. Trading window closes from 01 Oct to 09 Nov 2026.
Prostarm Info Systems Other Announcement
Prostarm Info Systems Ltd filed its quarterly shareholding pattern for the period ended September 30, 2026, as required under SEBI regulations.
Prostarm Info Systems Convertible Warrants
Prostarm Info Systems allotted 44,86,717 convertible securities at Rs.147 each via preferential issue. The move increases paid-up capital from Rs.58.87 Crore to Rs.63.36 Crore.
- Value
- ₹65.95 Cr