Saksoft Ltd Q2 profit falls 10.7% as revenue declines 3.8%

Saksoft Ltd reported consolidated Q2 FY27 revenue of ₹248.6 crore and net profit of ₹32.1 crore, with revenue down 3.8% and profit down 10.7% year on year for the quarter ended September 30, 2026. The result reflects lower operating income and a decline in profitability margins from a year earlier.

What did Saksoft report for Q2 FY27?

Saksoft reported operating income of ₹248.6 crore in Q2 FY27, compared with ₹258.5 crore in Q2 FY26. This represented a 3.8% year-on-year decline. Revenue was broadly flat sequentially when compared with the ₹248.6 crore reported in Q1 FY27.

Operating EBITDA was ₹43.8 crore, down 13.6% from the year-earlier quarter. The operating EBITDA margin stood at 17.60%, falling 66 basis points sequentially and 198 basis points year on year. The margin movement was larger than the revenue decline, indicating lower operating profitability during the quarter.

Profit after tax was ₹32.1 crore, against ₹36.0 crore in Q2 FY26. While net profit increased 9.6% sequentially from the preceding quarter, it was 10.7% lower than a year earlier. PAT margin was 12.92%, down 99 basis points year on year.

How did Saksoft perform in the first half of FY27?

Saksoft's operating income for H1 FY27 was ₹497.2 crore, down 2.0% from ₹507.6 crore in H1 FY26. The first-half result combines the June and September 2026 quarters, both of which recorded revenue close to ₹249 crore.

H1 FY27 net profit was ₹61.4 crore, a year-on-year decline of 10.1%. The difference between the revenue and profit trends shows that earnings weakened more sharply than sales during the first six months of the financial year.

The company had reported Q1 FY27 revenue of about ₹248.6 crore and net profit of ₹29.3 crore. Q2 therefore delivered a modest sequential improvement in profit, but it did not reverse the year-on-year decline in either quarterly revenue or net profit.

Why did the quarterly margin figures matter?

The margin figures matter because Saksoft's EBITDA fell faster than revenue. Operating income declined by 3.8% year on year, while EBITDA declined by 13.6%, taking the margin below 18% to 17.60%. The presentation did not provide a detailed cost breakdown or specific reasons for the margin change.

Sequentially, revenue was flat while EBITDA margin declined by 66 basis points from the 18.26% reported in Q1 FY27. This places the second-quarter margin below the first-quarter level despite the sequential increase in net profit.

Saksoft had previously reported cautious client spending in the Q1 FY27 period. The available Q2 presentation confirms the continued pressure visible in the reported revenue and margin comparisons, but it does not offer an earnings-call transcript or management guidance specific to the quarter.

What does the result mean for investors and operations?

For investors, the Q2 filing provides a mixed comparison. Net profit improved from ₹29.3 crore in Q1 FY27 to ₹32.1 crore in Q2 FY27, but the company remained below its year-earlier revenue, EBITDA and PAT levels. The financial update therefore shows a sequential profit recovery alongside weaker annual comparisons.

The result is also relevant for the IT services sector because customer spending conditions can affect both project volumes and utilisation. Saksoft reported no operational metric in the Q2 presentation that would quantify the effect on clients, staffing, or contracts. Its reported financial data is the clearest measure of the quarter's outcome.

Management had maintained FY27 revenue guidance of ₹1,200 crore to ₹1,250 crore after Q1 FY27. Against H1 operating income of ₹497.2 crore, the disclosed guidance remains an important reference point for investors assessing the pace required in the second half. The Q2 presentation itself does not revise or reaffirm that guidance.

What is Saksoft's next disclosed investor event?

Saksoft is scheduled to hold a virtual investor and analyst meeting on November 5, 2026, at 1:30 PM IST. Monarch Networth Capital is hosting the meeting, which is intended to discuss the Q2 and H1 FY27 earnings update and corporate updates.

The company identified Chairman and Managing Director Aditya Krishna, Executive Director Avantika Krishna, and COO and CFO Niraj Kumar Ganeriwal as management participants. The meeting announcement said that no unpublished price-sensitive information would be shared. Investors may therefore look for management's explanation of the reported revenue and margin performance within information already disclosed to the market.

Conclusion

Saksoft's Q2 FY27 results showed operating income of ₹248.6 crore and PAT of ₹32.1 crore, both below the corresponding prior-year quarter. The sharper decline in EBITDA and the 198-basis-point year-on-year reduction in operating margin were central to the financial outcome, even as quarterly profit improved from Q1 FY27.

The next disclosed event is the November 5 virtual investor and analyst meeting. Investors will watch for management's discussion of the H1 performance, the factors behind the margin movement, and any comments on the previously stated FY27 revenue guidance of ₹1,200 crore to ₹1,250 crore.