Credent Connect H1 FY27 Profit Rises 95% on Growth

Credent Connect N Care Limited reported consolidated revenue from operations of ₹138.09 crore for the half-year ended September 30, 2026, marking growth of 53.4% from ₹90.03 crore a year earlier. Consolidated net profit rose 94.7% year-on-year to ₹14.65 crore from ₹7.53 crore. The company released its H1 FY27 financial results on October 28, 2026, along with an investor presentation, press release and board-meeting outcome. The announcement is the company’s first half-yearly result disclosure since listing. It also included changes in senior management and internal audit arrangements.

Revenue Crosses ₹138 Crore

Revenue from operations increased by ₹48.06 crore over the corresponding prior-year period. The reported H1 FY27 revenue was ₹138.09 crore, compared with ₹90.03 crore in H1 FY26. The growth rate was 53.4% on a consolidated basis. Credent Connect’s FY2025-26 annual report had identified healthcare services, logistics services, and operations and supply chain management as its main business segments. Healthcare services accounted for 43.04% of FY26 revenue, while logistics services contributed 25.26% and operations and supply chain management contributed 24.93%.

EBITDA Growth Matched Revenue Expansion

EBITDA for H1 FY27 rose 53.4% year-on-year to ₹18.19 crore. The company reported an EBITDA margin of 13.17%, broadly described as steady in its disclosures. Revenue growth and EBITDA growth were therefore reported at the same year-on-year rate. The result indicates that the company maintained its operating margin while expanding turnover during the first half. The disclosed figures are consolidated and relate to the six months ended September 30, 2026.

Net Profit Increased to ₹14.65 Crore

Consolidated profit after tax reached ₹14.65 crore in H1 FY27, against ₹7.53 crore in the year-ago period. This represented a 94.7% increase. The company also reported adjusted profit after tax of ₹12.87 crore, excluding a one-time tax credit. On that adjusted basis, profit increased 71.0% year-on-year. The distinction is relevant because the reported PAT includes the effect of the tax credit, while adjusted PAT presents the result excluding that item.

Key H1 FY27 Financial Figures

Working Capital Affected Operating Cash Flow

Despite the increase in revenue and profit, cash flow from operating activities was negative at ₹3.92 crore for the period. The company attributed this primarily to a ₹20.02 crore working-capital lock-in in trade receivables. Trade receivables represent amounts owed to the company by customers for services or goods already provided. A rise in receivables can reduce operating cash flow even when reported revenue and profit increase. The disclosure places working-capital movement alongside the income statement growth reported for the half-year.

Board Elevates Karan Sharma as CEO

Along with approving the H1 FY27 financial results, the board approved the elevation of Whole-Time Director Karan Sharma as Chief Executive Officer. The company also appointed M/s RKKV & Associates as internal auditors for FY27. These decisions were disclosed in the board-meeting outcome dated October 28. The appointment of an internal auditor and the CEO elevation were announced with the half-yearly results rather than as separate later developments.

FY27 Revenue and Profit Guidance

In its October 28 press release, Credent Connect stated FY27 guidance of more than ₹320 crore in revenue and more than ₹28 crore in PAT. The guidance is a company-provided target, not a reported financial outcome. H1 FY27 revenue of ₹138.09 crore represents the first-half result against that stated full-year revenue threshold. Reported H1 PAT of ₹14.65 crore is likewise the first-half result against the company’s full-year PAT guidance. The company has not reported the second-half financial outcome in the information provided.

Recent Governance and Shareholder Actions

The company held its 11th Annual General Meeting on September 29, 2026. According to the disclosed scrutinizer’s report and voting results, all three ordinary resolutions received unanimous approval. A total of 12,913,500 votes were polled across the agenda items, with zero votes against. Shareholders adopted the FY2026 audited standalone and consolidated financial statements, reappointed director Dimple Sharma, and approved the appointment of M/s R K Jagetiya & Co. as statutory auditors. The statutory auditor appointment was for a five-year term from the 11th AGM through the 16th AGM.

Context From the Previous Financial Year

For FY2025-26, Credent Connect reported consolidated revenue from operations of ₹214.16 crore in its annual report. Its operating mix included healthcare services, logistics services, and operations and supply chain management. The annual financial data separately cited revenue of ₹78.23 crore for March 2025, EBITDA of ₹5.34 crore and net profit of ₹2.25 crore, though the supplied data does not specify whether those figures are on a standalone basis. The H1 FY27 disclosure explicitly describes its principal results as consolidated.

Investor Communication Schedule

Credent Connect had scheduled an earnings call for October 29, 2026, at 11:30 AM to discuss its Q2 FY27 unaudited standalone and consolidated results. The investor presentation was filed with the exchange on October 28 at 21:07:10, and dissemination occurred one second later. The company’s H1 FY27 announcement includes the half-year ended September 30, 2026. Investors will be able to assess management commentary on revenue growth, margin stability, receivable levels and the stated FY27 guidance through the scheduled interaction.

What the Results Mean

The H1 FY27 figures show that Credent Connect delivered higher revenue, EBITDA and reported net profit compared with the corresponding prior-year half. EBITDA margin was reported at 13.17%, while the company separately identified the effect of a one-time tax credit on PAT. At the same time, the negative operating cash flow and ₹20.02 crore receivables-related working-capital lock-in remain part of the disclosed financial picture. The next relevant company event in the supplied information is the October 29 earnings call, where the company is scheduled to discuss the Q2 FY27 results.