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Earnings Call

Workmates Core2Cloud Solution Earnings Call: Key Takeaways

Workmates Core2Cloud reported FY26 revenue of ₹143cr (up 34%) and PAT of ₹15.92cr. The firm is pivoting towards AI-led services and global expansion to the US/UK.

Why this was an Alfa AlertNot a filter event. Management guided 45% growth for the future, which is below the 50% threshold for an event.
Highlights
Revenue growth34% YoY in FY26; guiding 45%+ for FY27.
MarginsEBITDA 16.2%; aiming for margin recovery via AI/utilization.
Order book₹190cr worth of orders/pipeline for FY27 target.
Demand visibilityStrong pipeline of ₹190cr already visible for FY27.
Management confidenceHigh; citing ₹159cr assured recurring revenue entering FY27.

Growth

FY26 revenue grew 34% YoY; 3-year CAGR at 64%. PAT grew 16% to ₹15.92cr.

Outlook

Management guides FY27 revenue at ₹210cr (45%+ growth) and PAT at ₹24-25cr. Targeting 5% revenue from AI/Cybersecurity.

Risks

Geopolitical tensions delaying US/UK office expansion; pricing pressure in Indian services market; client concentration (top 20 at 73%).

Source

Earnings Call filed with BSE, BSE: 544610. Summary written with AI assistance from the document.

Read the document ↗

Workmates Core2Cloud Solution Ltd: key numbers

Share price
₹414.45
Market cap
₹535.4 Cr
Revenue (annual)
₹143.8 Cr
Net profit (annual)
₹15.92 Cr
P/E (TTM)
33.6×Sector 22.1×
Promoter holding
72.03%
FII holding
0.00%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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