Addictive Learning Technology Q2 FY27 Revenue Rises 20.5%

Addictive Learning Technology Limited reported consolidated revenue from operations of ₹25.29 crore for Q2 FY27, up 20.5% year on year. The company reported consolidated profit after tax of ₹2.29 crore, down 20.7% year on year, while its operating margin was reported at about 30% for the September 2026 quarter.

What did Addictive Learning Technology report for Q2 FY27?

Addictive Learning Technology reported stronger revenue in the quarter ended September 30, 2026, with consolidated revenue from operations increasing to ₹25.29 crore from ₹20.96 crore in the corresponding quarter a year earlier. Consolidated total income, including other income, stood at ₹25.37 crore, compared with ₹21.43 crore a year earlier.

On a standalone basis, revenue from operations was ₹25.23 crore, against ₹21.67 crore in Q2 FY26. Standalone total income was ₹25.30 crore. The results were approved by the board on November 4, 2026, and were filed as unaudited quarterly financial results.

The company has not published an earnings-call transcript for the quarter. Therefore, the reported financial statement figures provide the available basis for assessing the quarter, without management guidance on future demand, margins, or profitability.

How did operating profit and net profit change during the quarter?

Operating profit improved on both a year-on-year and sequential basis, while the reported consolidated net profit declined from the year-ago level. EBITDA was reported at ₹7.73 crore, up 20% year on year, with operating margin at roughly 30%, unchanged year on year according to the results statement.

The consolidated quarterly data also shows operating profit of about ₹7.70 crore, compared with ₹4.80 crore in the June 2026 quarter. This took operating margin to 30.3% from 21.0% in the preceding quarter. Consolidated sales increased 11.5% sequentially from ₹22.70 crore in June 2026.

Consolidated profit after tax was ₹2.29 crore, down 20.7% year on year. Separately, the standalone financial result showed profit before tax of ₹2.99 crore, compared with ₹2.81 crore in Q2 FY26, while standalone profit after tax was ₹0.37 crore, down 86.2% from ₹2.70 crore a year earlier. These standalone and consolidated measures should not be treated as interchangeable.

What explains the difference between revenue growth and PAT movement?

The results show that revenue growth and operating performance did not translate into a higher reported consolidated PAT on a year-on-year basis. Revenue from operations grew by more than one-fifth, and EBITDA also rose, but consolidated PAT was lower than the comparable quarter of FY26.

The filing does not provide an earnings-call explanation of the factors behind the year-on-year PAT movement. It would therefore be inappropriate to attribute the decline to a specific cost, tax, finance, or exceptional item without further disclosure from the company.

Sequentially, the reported figures show a different pattern. Consolidated net profit rose to about ₹2.30 crore from ₹0.30 crore in the June 2026 quarter, while earnings per share increased to ₹1.44 from ₹0.20. The comparison highlights an improvement from the immediately preceding quarter, though the year-on-year PAT comparison remained negative.

What is the status of Addictive Learning Technology's IPO proceeds?

Addictive Learning Technology disclosed changes in the use of IPO proceeds through its Regulation 32 statement for the half-year ended September 30, 2026. Of the ₹57.92 crore raised through the IPO, ₹50.70 crore had been utilised as of the reporting date.

The company stated that ₹5.21 crore had been reallocated to working capital requirements following shareholder approval on September 28, 2026. It also reported that the ₹8.00 crore allocation for investment in technology had been fully utilised.

For an identified acquisition, the original allocation was ₹3.00 crore. The company reported utilisation of ₹1.00 crore, leaving ₹2.00 crore unutilised as of September 30, 2026. Shareholders approved an extension for use of the unutilised acquisition amount until FY28.

Why do these results matter to investors?

The quarter matters because it shows Addictive Learning Technology maintaining revenue growth and a 30% operating margin while reporting lower consolidated PAT than a year earlier. Investors assessing the results will need to distinguish between operating measures, the consolidated profit figure, and the standalone profit numbers disclosed in the filing.

The use of IPO proceeds is also relevant because the company has made approved changes to certain allocations. The full utilisation of the technology investment allocation, the working-capital reallocation, and the extended timeline for the identified acquisition provide specific points for tracking in subsequent disclosures.

The board also noted an NSE notice alleging non-compliance with Regulation 31A(3)(a). The available information identifies the notice but does not disclose a final resolution or financial impact. Investors should rely on future exchange filings for any update on this matter.

Conclusion

Addictive Learning Technology's Q2 FY27 filing shows consolidated revenue of ₹25.29 crore and a material sequential improvement in operating profit and net profit. However, consolidated PAT of ₹2.29 crore was below the year-ago level, making the profit trend more mixed than the revenue and EBITDA performance alone suggests.

The next disclosures to watch are the progress in using the ₹2.00 crore balance earmarked for the identified acquisition by FY28, any further update on IPO-proceeds deployment, and the company's response or resolution related to the NSE notice.