Akiko Q2 revenue rises 138% to ₹83.22 crore, margin 15.34%
Key highlights
- Akiko reported Q2 FY27 revenue of ₹83.22 crore, up 138.1% year on year.
- Q2 FY27 EBITDA rose 156.3% to ₹12.77 crore and EBITDA margin reached 15.34%.
- Q2 FY27 PAT increased 101.8% to ₹8.41 crore, while PAT margin was 10.10%.
- H1 FY27 revenue was ₹151.34 crore and PAT was ₹15.42 crore for the six months ended 30 September 2026.
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Akiko Global Services Limited reported Q2 FY27 revenue of ₹83.22 crore, up 138.1% year on year, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose 156.3% to ₹12.77 crore and EBITDA margin reached 15.34%. Profit after tax (PAT) increased 101.8% to ₹8.41 crore, as finance costs and tax expense rose faster than revenue.
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How did Akiko’s Q2 FY27 revenue and profit change?
Akiko’s Q2 FY27 revenue from operations was ₹83.22 crore, compared with ₹34.96 crore in Q2 FY26 and ₹68.12 crore in Q1 FY27. Revenue increased 138.1% year on year and rose ₹15.10 crore from Q1 FY27. The company’s Q2 revenue was therefore above both the comparable prior-year quarter and the immediately preceding quarter.
EBITDA increased to ₹12.77 crore from ₹4.98 crore in Q2 FY26 and ₹10.10 crore in Q1 FY27. PAT rose to ₹8.41 crore from ₹4.17 crore a year earlier and ₹7.02 crore in Q1 FY27. EBITDA’s ₹7.79 crore year-on-year increase was larger than PAT’s ₹4.24 crore increase, reflecting movements in costs outside the operating-profit measure.
Profit before tax reached ₹11.27 crore in Q2 FY27, up 156.9% from ₹4.39 crore in Q2 FY26. PAT attributable to owners rose 112.5% to ₹8.22 crore from ₹3.87 crore. Earnings per share (EPS) was ₹7.63, compared with ₹3.59 in Q2 FY26 and ₹6.40 in Q1 FY27.
Why did Akiko’s EBITDA margin improve in Q2 FY27?
Akiko’s EBITDA margin improved to 15.34% in Q2 FY27 from 14.25% in Q2 FY26 and 14.82% in Q1 FY27. The year-on-year improvement was 1.09 percentage points, while the sequential improvement was 0.52 percentage points. EBITDA grew 156.3% year on year, ahead of the 138.1% increase in revenue.
PAT margin declined despite the operating-margin increase. It was 10.10% in Q2 FY27, compared with 11.92% in Q2 FY26 and 10.30% in Q1 FY27. Akiko said that higher finance costs and a higher tax rate than in Q2 FY26 moderated the PAT margin.
Finance costs were ₹1.30 crore in Q2 FY27, up from ₹0.25 crore in Q2 FY26 and ₹0.46 crore in Q1 FY27. The effective tax rate was 25.37%, against 4.99% a year earlier, though below 26.90% in Q1 FY27. Tax expense reached ₹2.86 crore, compared with ₹0.22 crore in Q2 FY26 and ₹2.58 crore in Q1 FY27.
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What do Akiko’s H1 FY27 results show?
Akiko reported revenue of ₹151.34 crore in H1 FY27, the six months ended 30 September 2026, up 134.7% from ₹64.49 crore in H1 FY26. EBITDA rose 151.0% to ₹22.86 crore from ₹9.11 crore, and PAT increased 149.4% to ₹15.42 crore from ₹6.18 crore. Both profit measures grew faster than revenue year on year.
The H1 FY27 result also approached the full-year FY26 base. H1 FY27 revenue was ₹21.39 crore below FY26 revenue of ₹172.73 crore, while EBITDA was ₹2.21 crore below FY26 EBITDA of ₹25.07 crore. PAT of ₹15.42 crore was ₹2.00 crore below the FY26 PAT of ₹17.42 crore.
H1 FY27 finance costs were ₹1.77 crore, up 481.4% from ₹0.30 crore in H1 FY26 and above ₹1.08 crore for all of FY26. Tax expense increased 189.8% to ₹5.44 crore from ₹1.88 crore. PAT attributable to owners rose 175.1% to ₹15.12 crore, while EPS increased to ₹14.04 from ₹5.10.
What changed in Akiko’s balance sheet and what is planned next?
Akiko’s total assets increased to ₹190.12 crore at 30 September 2026 from ₹107.54 crore at 31 March 2026. Trade receivables rose to ₹114.69 crore from ₹63.24 crore, while cash and bank balances increased to ₹19.81 crore from ₹3.29 crore. Total current assets reached ₹171.15 crore, compared with ₹96.40 crore at the March year-end.
Funding also increased during the period. Short-term borrowings rose to ₹64.53 crore at 30 September from ₹12.40 crore at 31 March, and long-term borrowings increased to ₹3.58 crore from ₹2.49 crore. Total shareholders’ funds rose to ₹75.24 crore from ₹59.98 crore, including reserves and surplus of ₹64.47 crore versus ₹48.78 crore.
Management expects required third-party application provider (TPAP) approval in early December 2026. After approval and integration, Akiko plans to roll out UPI Scan & Pay. Its stated next-phase priorities include completing verification, optimising onboarding, building repeat app usage and increasing productivity across credit cards, loans and financial partners.
Conclusion
Akiko’s Q2 FY27 results combined revenue growth to ₹83.22 crore with faster EBITDA growth and an EBITDA margin of 15.34%. The operating result did not translate into a comparable improvement in net margin: PAT margin was 10.10%, as Q2 finance costs reached ₹1.30 crore and the effective tax rate was 25.37%.
The next disclosed milestone is management’s expectation of TPAP approval in early December 2026, followed by UPI Scan & Pay integration and rollout. Investors can also monitor the development of short-term borrowings of ₹64.53 crore and trade receivables of ₹114.69 crore alongside Akiko’s payments, customer-activation and distribution priorities.