Praruh H1 FY27 revenue rose 378% as EBITDA margin expanded

Praruh Technologies Limited reported H1 FY27 revenue of Rs 84.0623 crore, up 378% from Rs 17.6022 crore a year earlier. Praruh’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased 482% to Rs 11.3366 crore, lifting EBITDA margin by 242 basis points to 13.49%, while profit after tax rose 733% to Rs 8.1843 crore.

Why did Praruh's H1 FY27 revenue rise 378%?

Praruh’s revenue from operations increased by Rs 66.46 crore to Rs 84.0623 crore in H1 FY27 from Rs 17.6022 crore in H1 FY26. The company reported the increase as 378% year on year, providing the basis for the period’s rise in EBITDA, profit before tax and profit after tax.

The presentation does not provide revenue by customer, contract, industry or product for H1 FY27. It identifies operations across information technology and information technology-enabled services, transportation, central government, oil and gas, telecom services, logistics, defence, hospitality, construction and education, but does not assign any share of the Rs 84.0623 crore revenue to those segments.

Praruh’s project list outlines the work covered by its portfolio. It cites an Internet Protocol/Multiprotocol Label Switching network upgrade across 58 Delhi Metro stations, optical-network upgrades across more than 400 RailTel locations, and data-centre, disaster-recovery and SAP migration work for the Indian Navy and Indian Air Force. The source does not link these projects to H1 FY27 revenue.

How did Praruh's EBITDA margin change in H1 FY27?

Praruh’s EBITDA rose to Rs 11.3366 crore in H1 FY27 from Rs 1.9492 crore in H1 FY26, a 482% increase that exceeded the 378% revenue increase. EBITDA margin, which measures EBITDA as a share of revenue, increased to 13.49% from 11.07%, an expansion of 242 basis points, with 100 basis points equal to one percentage point.

Cost of materials consumed remained the largest disclosed operating cost, rising to Rs 54.2615 crore from Rs 11.2412 crore. Cost of services increased to Rs 14.6174 crore from Rs 2.2203 crore, employee-benefit expense rose to Rs 2.7187 crore from Rs 1.1629 crore, and other expenses reached Rs 1.1281 crore from Rs 1.0286 crore; the presentation gives no explanation for these movements.

Below EBITDA, other income increased to Rs 32.56 lakh in H1 FY27 from Rs 18.49 lakh, while finance cost fell to Rs 27.69 lakh from Rs 74.89 lakh and depreciation declined to Rs 38.22 lakh from Rs 40.24 lakh. Profit before tax was Rs 11.0031 crore versus Rs 98.28 lakh, and a tax expense of Rs 2.8188 crore resulted in profit after tax of Rs 8.1843 crore; the H1 FY26 statement shows no tax expense.

What changed in Praruh's balance sheet by September 2026?

Praruh’s total assets increased to Rs 148.2448 crore at 30 September 2026 from Rs 123.4544 crore at 31 March 2026. Trade receivables rose to Rs 96.0189 crore from Rs 75.5788 crore, while inventories increased to Rs 27.1343 crore from Rs 20.1148 crore, representing the largest disclosed current-asset balances at the September date.

Cash and cash equivalents declined to Rs 4.20 lakh at 30 September 2026 from Rs 2.7163 crore at 31 March 2026, while other bank balances fell to Rs 6.2054 crore from Rs 9.5694 crore. Property, plant and equipment increased to Rs 9.2104 crore from Rs 8.6940 crore, and intangible assets under development rose to Rs 3.2296 crore from Rs 1.7831 crore.

On the equity and liabilities side, reserves and surplus increased to Rs 42.9649 crore from Rs 34.7806 crore, while share capital was unchanged at Rs 13.93 crore. Trade payables to other creditors rose to Rs 66.3418 crore from Rs 49.6618 crore, whereas micro, small and medium enterprise payables fell to Rs 20.8778 crore from Rs 23.7703 crore; short-term borrowings of Rs 1.3196 crore were recorded at 30 September 2026 against nil at 31 March 2026.

What does Praruh plan after H1 FY27?

Praruh management said it is pursuing large-ticket opportunities for FY28 and is targeting a more balanced H1-H2 revenue contribution in that year, although H2 is expected to remain stronger. Management said major order wins are helping reduce historical seasonality, but the presentation does not disclose the orders, pipeline value or an FY28 revenue target.

Management said Praruh is progressing from a technology platform company to an artificial intelligence-driven solutions provider through proprietary software development. The first phase of its in-house software solution is expected by January 2027, with management saying it aims to improve profitability in order execution and advance original equipment manufacturer ambitions.

Praruh’s stated priorities are expansion across India and capability-building in defence, cybersecurity, home-grown artificial intelligence solutions and proprietary products. Its ecosystem includes Google cloud and artificial intelligence tools such as Gemini, Vertex AI and BigQuery ML, while WizeVerse AI provides exclusive sales rights for enterprise solutions including knowledge retrieval and multi-agent systems; no H1 FY27 revenue contribution is disclosed for these arrangements.

Conclusion

Praruh’s H1 FY27 results combined revenue growth of 378% to Rs 84.0623 crore with EBITDA growth of 482% to Rs 11.3366 crore, widening EBITDA margin to 13.49% from 11.07%. Profit after tax increased to Rs 8.1843 crore from Rs 98.28 lakh, while trade receivables reached Rs 96.0189 crore at 30 September 2026.

The next disclosed milestones are management’s FY28 target for a more balanced H1-H2 revenue contribution, while retaining a stronger H2, and the expected January 2027 first phase of in-house software. Future disclosures will show whether the stated focus on defence, cybersecurity, artificial intelligence and proprietary products produces identifiable changes in orders, revenue mix or profitability.