Techd Cybersecurity Limited revenue doubles, profit up 51%

Techd Cybersecurity Limited reported standalone revenue from operations of Rs 38.905 crore for the half year ended September 30, 2026, about 114% higher than a year earlier, while profit for the period rose 51% to Rs 9.6041 crore. The Board approved the unaudited results on November 6, 2026, following a limited review by the statutory auditor.

How much did Techd Cybersecurity's first-half revenue increase?

Techd Cybersecurity's revenue from operations increased by Rs 20.7236 crore to Rs 38.905 crore in the half year ended September 30, 2026, from Rs 18.1814 crore in the corresponding half year ended September 30, 2025. The year-on-year increase was about 114%, based on the standalone financial results.

Total income rose by Rs 21.1501 crore to Rs 39.4257 crore, compared with Rs 18.2756 crore in the previous-year period. Other income was Rs 52.07 lakh, up from Rs 9.42 lakh, while operating revenue accounted for Rs 20.7236 crore of the increase in total income.

What happened to Techd Cybersecurity's profit in the first half?

Techd Cybersecurity's profit for the period rose by Rs 3.2352 crore to Rs 9.6041 crore in the September 2026 half year, from Rs 6.3689 crore a year earlier. Profit before tax increased by Rs 4.1421 crore to Rs 12.642 crore, compared with Rs 8.4999 crore, and the results showed no exceptional item for either period.

Total tax expense was Rs 3.0379 crore in the latest half year, against Rs 2.131 crore in the year-earlier half. Current tax was Rs 3.2272 crore and deferred tax was a credit of Rs 18.93 lakh; basic and diluted earnings per share, not annualised except at year-end, were Rs 12.84, compared with Rs 11.46 a year earlier.

Paid-up equity share capital was unchanged at Rs 7.4797 crore at September 30, 2026. The company operates in one reportable segment, Information Technology and Cybersecurity Services, so the filing does not provide revenue or profit splits between cybersecurity products, services or geographies.

Which costs increased alongside Techd Cybersecurity's sales?

Techd Cybersecurity's cost of cybersecurity services rendered rose by Rs 15.2218 crore to Rs 17.594 crore in the September 2026 half year, from Rs 2.3722 crore a year earlier. This line accounted for most of the Rs 17.008 crore increase in total expenses, which reached Rs 26.7837 crore.

Employee benefit expense increased by Rs 1.1289 crore to Rs 6.7008 crore, while other expenses increased by Rs 67.02 lakh to Rs 2.0122 crore. Depreciation and amortisation rose to Rs 45.02 lakh from Rs 43.21 lakh, whereas finance costs fell to Rs 2.65 lakh from Rs 5.75 lakh.

The different pace of revenue and expenses changed the reported profit before tax relative to total income. Profit before tax was about 32% of Rs 39.4257 crore of total income in the latest half year, compared with about 47% of Rs 18.2756 crore in the prior-year half, based on the figures in the financial statement.

How did Techd Cybersecurity perform versus the March 2026 half?

Techd Cybersecurity reported higher revenue and profit than in the half year ended March 31, 2026. Revenue from operations rose by Rs 5.2788 crore from Rs 33.6262 crore in that preceding half to Rs 38.905 crore in the September 2026 half, while profit for the period increased by Rs 1.9335 crore from Rs 7.6706 crore.

Total income increased by Rs 4.450 crore from Rs 34.9757 crore despite other income falling from Rs 1.3495 crore to Rs 52.07 lakh. Total expenses increased by Rs 2.4983 crore from Rs 24.2854 crore, resulting in profit before tax of Rs 12.642 crore, compared with Rs 10.6903 crore in the March 2026 half.

The March 2026 half-year figures are balancing figures between the audited results for the financial year ended March 31, 2026 and published unaudited year-to-date figures to September 30, 2025. For the full year ended March 31, 2026, Techd Cybersecurity reported revenue from operations of Rs 51.8076 crore and profit for the year of Rs 14.0395 crore.

What do Techd Cybersecurity's balance sheet and cash flow show?

Techd Cybersecurity's trade receivables rose by Rs 16.3525 crore to Rs 35.6977 crore at September 30, 2026, from Rs 19.3452 crore at March 31, 2026. Cash and bank balances declined by Rs 12.3192 crore to Rs 30.78 crore, while total assets increased by Rs 18.5243 crore to Rs 103.4048 crore.

Capital work-in-progress rose to Rs 12.9772 crore from Rs 6.2773 crore, and intangible assets under development increased to Rs 4.7017 crore from Rs 3.2153 crore. Trade payables due to others rose to Rs 12.1419 crore from Rs 6.6375 crore, while shareholders' funds increased to Rs 81.0435 crore from Rs 71.8243 crore.

Net cash used in operating activities was Rs 91.50 lakh during the half year ended September 30, 2026. The cash-flow statement records a Rs 16.3526 crore increase in trade receivables and a Rs 3.287 crore movement in loans, advances and other current and non-current assets, partly offset by a Rs 5.4899 crore increase in trade payables.

How has Techd Cybersecurity used its IPO proceeds?

Techd Cybersecurity had utilised Rs 13.6136 crore of Rs 38.9899 crore of initial public offer, or IPO, proceeds by September 30, 2026, leaving Rs 25.3763 crore unutilised. The company stated that the proceeds were used only for the purposes set out in its September 18, 2025 prospectus, with no deviation or variation from those objects.

Investment in human resources had an original allocation of Rs 26.0923 crore, of which Rs 3.3237 crore had been used and Rs 22.7686 crore remained unutilised. Capital expenditure for a Global Security Operation Centre in Ahmedabad had an allocation of Rs 5.8882 crore, with Rs 3.3502 crore used and Rs 2.538 crore remaining.

During the September 2026 half year, Techd Cybersecurity incorporated four subsidiaries: Techdefence Cybersecurity Inc. in Canada on May 1, TechD CyberAGI Private Limited in India on April 18, TechD Global IFSC Private Limited in India on May 4, and TechD Cybersecurity Services Ltd in Mauritius on June 16. The disclosed financial results are standalone and therefore do not present consolidated financial figures for those entities.

Conclusion

Techd Cybersecurity's standalone results for the half year ended September 30, 2026 show operating revenue of Rs 38.905 crore and profit of Rs 9.6041 crore, both above the comparable prior-year and immediately preceding half-year figures. The increase in revenue was accompanied by a Rs 15.2218 crore rise in cybersecurity-service delivery costs, while receivables increased to Rs 35.6977 crore and operating cash flow was negative by Rs 91.50 lakh.

The next disclosed matters to watch are the use of Rs 25.3763 crore of unutilised IPO proceeds, including Rs 22.7686 crore assigned to human resources and Rs 2.538 crore for the Ahmedabad Global Security Operation Centre. Techd Cybersecurity also formed four subsidiaries between April and June 2026, but the current filing remains a standalone financial statement.