Credent Connect Q2 FY27 Revenue Rises 53% in H1 Results

Credent Connect N Care Ltd reported revenue from operations of ₹138.1 crore for the first half of FY27, up 53% year-on-year from ₹90.0 crore in H1 FY26. The healthcare services and logistics company also reported EBITDA of ₹18.2 crore and profit after tax of ₹14.7 crore for the six-month period. The figures were included in the company’s Q2 FY27 investor presentation published on October 28, 2026. The update shows revenue and operating profit rising at the same pace, while reported net profit grew faster because of a one-time tax credit. The company has also outlined plans to expand warehousing and service integration as it scales its operating platform.

H1 FY27 revenue reaches ₹138.1 crore

Revenue from operations increased to ₹138.1 crore in H1 FY27 from ₹90.0 crore a year earlier. This represents year-on-year growth of 53%. The company described the beginning of FY27 as a period of continued momentum in revenue and profitability. Credent Connect N Care operates as a B2B healthcare services and logistics provider, offering integrated logistics, workforce solutions and technology-enabled support to healthcare institutions across India. Its reported half-year performance therefore reflects activity across its service and supply-chain platform rather than a single operating segment.

EBITDA grows in line with sales

EBITDA stood at ₹18.2 crore in H1 FY27, compared with ₹11.9 crore in H1 FY26. The 53% increase in EBITDA matched the reported rise in revenue from operations. EBITDA margin was 13% in H1 FY27, unchanged from the previous-year period. The stable margin indicates that operating profitability kept pace with revenue growth during the first half. The presentation does not provide a separate Q2 revenue or EBITDA figure in the supplied data, so the reported comparison is limited to the half-year period.

Profit after tax rises 95%

Profit after tax rose to ₹14.7 crore in H1 FY27 from ₹7.5 crore in H1 FY26, an increase of 95%. PAT margin improved to 11% from 8% in the corresponding period last year. However, the reported H1 FY27 profit includes a one-time tax credit of ₹1.78 crore. This item contributed to the gap between the 53% growth rates reported for revenue and EBITDA and the faster increase in profit after tax. Readers comparing operating performance across periods should distinguish the recurring EBITDA trend from the tax-related benefit included in PAT.

Key H1 FY27 financial figures

Revenue target through FY30

The investor presentation states that Credent Connect N Care is targeting approximately 45% revenue CAGR through FY30. The stated objective is profitable growth while scaling operations, expanding markets and building healthcare-related service lines. Separately, a results update stated that the company guides FY27 revenue of more than ₹320 crore. These targets are forward-looking company statements rather than reported financial results. The H1 FY27 revenue of ₹138.1 crore provides the disclosed first-half base against which investors can assess progress when later results are reported.

Warehousing and integration remain capex priorities

The company’s presentation refers to warehousing and service-integration expansion as part of its platform-scaling plans. It also highlights expansion of nationwide infrastructure and working capital as uses for the 2026 IPO proceeds. Capital work-in-progress declined to ₹0.3 crore as of September 2026 from ₹1.6 crore in FY26. Property, plant and equipment was projected to rise to ₹7.8 crore as of September 2026 from ₹7.3 crore in FY26. These figures point to continuing asset additions, although the presentation does not specify a new plant, warehouse capacity or project-by-project spending plan.

AllTrak acquisition adds technology IP

Credent Connect N Care completed the acquisition of AllTrak Technologies in 2026, according to the presentation. The acquisition provided proprietary route-optimisation and tracking intellectual property. For a company operating healthcare logistics and supply-chain services, these capabilities are relevant to tracking and route planning within its service platform. The supplied presentation material does not quantify the acquisition consideration, expected financial contribution or integration costs. As a result, the available disclosure supports the strategic rationale but not a measurable assessment of the transaction’s earnings impact.

Borrowings changed ahead of September 2026

Long-term borrowings rose from ₹1.5 crore in March 2024 to ₹5.2 crore in March 2026, before declining to ₹2.0 crore by September 2026. The company also completed an IPO on the NSE SME platform in 2026. Calendar information provided with the results notes that the IPO amounted to ₹93.90 crore. The presentation identifies nationwide infrastructure and working capital as intended funding areas. The fall in long-term borrowings by September, alongside the IPO, is a relevant capital-structure development, though the presentation does not provide a detailed reconciliation of each use of funds.

Comparison with FY26 performance

For FY26, Credent Connect N Care reported revenue from operations of ₹214.2 crore, EBITDA of ₹28.5 crore and PAT of ₹18.4 crore. EBITDA margin for that year was 13.29%, while PAT margin was 8.61%. FY26 revenue had increased from ₹77.9 crore in FY25, while EBITDA rose from ₹5.0 crore and PAT from ₹2.3 crore. The H1 FY27 EBITDA margin of 13% is broadly aligned with the FY26 level. The H1 FY27 PAT margin of 11% is above the FY26 figure, although the disclosed one-time tax credit should be considered in that comparison.

What investors can track next

The company had scheduled an earnings call for October 29, 2026, to discuss Q2 FY27 unaudited standalone and consolidated results. At the time of the investor presentation, no earnings-call transcript had been published. The available numbers are therefore those reported in the presentation and results updates, rather than subsequent management commentary. Key items to monitor include progress toward the stated FY27 revenue guidance, margin performance excluding one-time items, infrastructure spending and the integration of AllTrak Technologies. Credent Connect N Care’s H1 FY27 update shows strong reported revenue and profit growth, with stable EBITDA margin and stated plans for wider operating infrastructure.