P. E. Analytics Limited revenue rises 30% to Rs 28.18 crore

P. E. Analytics Limited reported consolidated operating revenue of Rs 28.18 crore for the half year ended 30 September 2026, up 30% from Rs 21.68 crore a year earlier, while profit after minority interest reached Rs 8.81 crore. The unaudited consolidated results were reviewed by the audit committee and approved by the board on 13 November 2026.

What were P.E. Analytics’ September-half revenue and profit figures?

P.E. Analytics recorded operating revenue, reported as net sales or income from operations, of Rs 28.18 crore in the September 2026 half, compared with Rs 21.68 crore in the September 2025 half. Total income from operations, including other income, rose to Rs 31.96 crore from Rs 25.41 crore, while other income increased to Rs 3.79 crore from Rs 3.73 crore.

P.E. Analytics reported profit before tax of Rs 11.89 crore for the September 2026 half, compared with Rs 9.72 crore a year earlier. Net profit for the period was Rs 8.85 crore, while profit after minority interest was Rs 8.81 crore against Rs 7.35 crore in the corresponding 2025 half, an increase of about 20%.

P.E. Analytics reported basic and diluted earnings per share of Rs 8.21 for the September 2026 half, compared with Rs 6.91 a year earlier. The weighted average number of equity shares rose to 1.08 crore from 1.05 crore, reflecting shares allotted during the period.

How did P.E. Analytics’ expenses change in the September half?

P.E. Analytics’ total expenses increased to Rs 20.07 crore in the September 2026 half from Rs 15.70 crore in the September 2025 half. Employee benefits expense was the largest stated cost at Rs 14.58 crore, up from Rs 11.62 crore, while legal and professional fees rose to Rs 1.46 crore from Rs 86.89 lakh.

P.E. Analytics’ other expenses rose to Rs 3.68 crore from Rs 2.99 crore, and depreciation and amortisation increased to Rs 35.42 lakh from Rs 21.52 lakh. Despite the higher cost base, profit before tax increased by Rs 2.17 crore year on year, compared with a Rs 6.50 crore increase in operating revenue.

P.E. Analytics treats website subscriptions and professional services as one business segment. The company said the two services share reporting authority, employees, customer types and delivery processes, and that no other business or geographical segment met the 10% reporting criterion.

Why did P.E. Analytics’ operating cash flow decline despite higher profit?

P.E. Analytics generated net cash from operating activities of Rs 1.71 crore in the September 2026 half, down from Rs 4.38 crore in the September 2025 half, although profit before tax rose to Rs 11.89 crore. Cash generated from operations before taxes declined to Rs 5.83 crore from Rs 7.47 crore.

P.E. Analytics recorded a Rs 1.10 crore increase in trade receivables during the period, compared with a Rs 39.28 lakh increase a year earlier. Other current assets increased by Rs 1.41 crore and short-term loans and advances by Rs 52.48 lakh, while other current liabilities increased by Rs 21, compared with a Rs 1.93 crore increase in the prior-year half.

P.E. Analytics paid net taxes of Rs 4.12 crore, compared with Rs 3.09 crore in the prior-year half. Net investing cash flow was Rs 2.54 crore, versus Rs 2.80 crore a year earlier, after Rs 7.14 crore was invested in real estate investment funds and Rs 50.93 lakh was spent on property, plant and equipment.

What changed in P.E. Analytics’ balance sheet and funding?

P.E. Analytics’ consolidated assets stood at Rs 139.32 crore at 30 September 2026, up from Rs 122.17 crore at 31 March 2026. Cash and cash equivalents increased to Rs 108.44 crore from Rs 96.17 crore, while trade receivables rose to Rs 7.93 crore from Rs 6.92 crore.

P.E. Analytics’ shareholders’ funds increased to Rs 122.08 crore from Rs 105.27 crore over the six months. During the half, it allotted 3.98 lakh equity shares through a preferential private placement at an issue price of Rs 201 each, raising total proceeds of Rs 8.00 crore, including Rs 39.78 lakh of share capital and Rs 7.60 crore of securities premium.

P.E. Analytics reported current liabilities of Rs 14.02 crore at 30 September 2026, compared with Rs 14.10 crore at 31 March 2026. Minority interest increased to Rs 1.17 crore from Rs 1.12 crore, while non-current investments rose to Rs 7.97 crore from Rs 7.25 crore.

What subsidiary and legal developments did P.E. Analytics disclose?

P.E. Analytics consolidated three subsidiaries in the September 2026 half: PropEquity Tech Private Limited and PropEquity Education Private Limited, in each of which it holds 65%, and WAOH Foundation, in which it holds 100%. The aggregate initial investment in these entities was Rs 2.30 lakh, and the company made a further Rs 2.60 lakh investment in PropEquity Tech Private Limited during the half.

P.E. Analytics also accounted for PropEquity AI Pte. Ltd., Singapore, as a 40%-owned associate after making overseas direct investment in April 2026. The associate had not commenced business operations by 30 September 2026, according to the filing, and was included in the consolidated results.

P.E. Analytics is applying to strike off PropEquity Tech Ventures Private Limited and PropEquity Education Ventures Private Limited, which it said had ceased operations and received no share capital. It also disclosed legal proceedings alleging financial mismanagement and embezzlement against a former director of Propedge Valuations Private Limited and related parties, after extending loans totalling Rs 1 crore to support that subsidiary during a financial crisis.

Conclusion

P.E. Analytics increased operating revenue by 30% to Rs 28.18 crore and lifted profit after minority interest to Rs 8.81 crore in the half year ended 30 September 2026. The results also show a different cash trend: operating cash flow declined to Rs 1.71 crore from Rs 4.38 crore as working-capital movements and net tax payments increased.

The next disclosed matters to watch are the use of Rs 4.81 crore of unutilised initial public offering proceeds, which remained temporarily invested in deposits with scheduled banks at 30 September 2026, and the proposed strike-off of two inactive subsidiaries. P.E. Analytics also disclosed that PropEquity AI Pte. Ltd. had not commenced operations at the reporting date.