EMIAC Technologies returns to Rs 3.02 crore half-year profit

EMIAC Technologies Limited reported profit after tax of Rs 3.02 crore for the half year ended September 30, 2026, reversing a Rs 93.04 lakh loss in the preceding half-year, as revenue from operations rose to Rs 29.91 crore from Rs 14.12 crore a year earlier.

How did EMIAC Technologies perform in the September 2026 half-year?

EMIAC Technologies returned to profitability in the half year ended September 30, 2026, reporting profit after tax of Rs 3.02 crore and basic earnings per share of Rs 2.50. This compares with a loss after tax of Rs 93.04 lakh and loss per share of Rs 1.03 in the half year ended March 31, 2026. The September result was below the Rs 4.55 crore profit and Rs 5.05 earnings per share reported in the corresponding half year ended September 30, 2025.

Revenue from operations reached Rs 29.91 crore, up from Rs 14.12 crore in the September 2025 half-year and Rs 18.19 crore in the March 2026 half-year. This represents growth of about 112% year on year and about 64% sequentially. Including other income of Rs 13.60 lakh, total income was Rs 30.04 crore, compared with Rs 14.49 crore a year earlier and Rs 18.38 crore in the preceding half-year.

What changed in EMIAC Technologies' costs and profitability?

EMIAC Technologies' total expenses rose to Rs 26.02 crore in the September 2026 half-year from Rs 8.42 crore in the September 2025 half-year and Rs 19.54 crore in the March 2026 half-year. Expenses increased faster than revenue in the year-on-year comparison. Profit before tax consequently declined to Rs 4.02 crore from Rs 6.07 crore a year earlier despite the larger revenue base.

Advertising and marketing expenses were Rs 12.89 crore, against Rs 6.35 crore in September 2025 and Rs 8.54 crore in March 2026. Other expenses were Rs 11.37 crore, compared with Rs 1.30 crore in the prior-year half and Rs 9.70 crore in the preceding half. Employee benefit expense increased to Rs 1.41 crore from Rs 64.07 lakh a year earlier, while depreciation and amortisation rose to Rs 25.21 lakh from Rs 10.44 lakh.

The September 2026 half-year tax expense was Rs 1.00 crore, compared with Rs 1.52 crore in the September 2025 half-year. The reported result therefore reflects both lower pre-tax profit and lower tax expense than a year earlier. EMIAC Technologies disclosed no exceptional or extraordinary items during the period.

What does EMIAC Technologies' balance sheet show after the IPO?

EMIAC Technologies reported total assets of Rs 48.86 crore as of September 30, 2026, compared with Rs 28.49 crore at March 31, 2026. Shareholders' funds rose to Rs 44.52 crore from Rs 12.67 crore over the same period. Paid-up equity share capital increased to Rs 12.24 crore from Rs 9.00 crore, while reserves and surplus increased to Rs 32.28 crore from Rs 3.66 crore.

EMIAC Technologies completed an initial public offering of 32.40 lakh equity shares at Rs 98 each, raising gross proceeds of Rs 31.75 crore. The shares were allotted on April 9, 2026 and listed on the BSE SME Platform on April 13, 2026. Share application money pending allotment was Rs 9.73 crore at March 31, 2026 and was not shown at September 30, 2026.

Trade receivables were Rs 6.17 crore at September 30, 2026, up from Rs 4.64 crore at March 31, 2026. Long-term loans and advances increased to Rs 19.01 crore from Rs 4.25 crore, while short-term loans and advances rose to Rs 4.78 crore from Rs 1.25 crore. Property, plant and equipment and intangible assets were Rs 1.67 crore, compared with Rs 44.06 lakh six months earlier.

How much of EMIAC Technologies' IPO proceeds had been used?

EMIAC Technologies had utilised Rs 24.90 crore of its Rs 31.75 crore gross IPO proceeds by September 30, 2026, leaving Rs 6.86 crore unutilised, according to its deployment table. The company reported no deviation or variation from the objects in its offer document. The largest recorded use was Rs 8.78 crore for working-capital requirements, against an allocation of Rs 8.80 crore.

The company used Rs 4.36 crore of the Rs 5.72 crore allocated for computers, laptops, related accessories, software subscriptions and cloud hosting. It also recorded full utilisation of the Rs 3.90 crore allocation for branding, advertisement and marketing activities. General corporate purposes accounted for Rs 4.55 crore of utilisation against Rs 4.74 crore earmarked, while issue-related expenses were Rs 3.14 crore against Rs 3.17 crore planned.

Hiring of manpower had the largest remaining allocation among the listed objects. EMIAC Technologies had used Rs 16.68 lakh of the Rs 5.42 crore earmarked for hiring, leaving Rs 5.25 crore to be utilised as of September 30, 2026. The results identify digital content writing, digital marketing, branding, online reputation management, technical services and business automation as activities, but report them as one segment under Accounting Standard 17.

Conclusion

EMIAC Technologies' September 2026 half-year filing shows a sequential turnaround from a Rs 93.04 lakh loss to a Rs 3.02 crore profit, supported by revenue from operations of Rs 29.91 crore. The year-on-year comparison was more mixed: revenue more than doubled from Rs 14.12 crore, while profit after tax declined from Rs 4.55 crore as total expenses rose to Rs 26.02 crore from Rs 8.42 crore.

The next disclosed matter to watch is deployment of the Rs 6.86 crore of IPO proceeds still unutilised at September 30, 2026, particularly the Rs 5.25 crore remaining for manpower hiring. The unaudited results were reviewed by the audit committee and approved by the board on November 12, 2026.