Digilogic H1 FY27: consol PAT up ~151% YoY to ₹4.78 Cr, revenue +83%, margins expand

Digilogic Systems' consolidated revenue for H1 FY27 (April–September 2026) rose 82.5% YoY to ₹33.18 Cr from ₹18.18 Cr, with consolidated PAT attributable to owners up ~151% YoY to ₹4.78 Cr from ₹1.90 Cr. The prior-year base included a one-off prior-period credit of ₹0.31 Cr; stripping that out, adjusted YoY PAT growth is closer to ~188%, so the headline print understates rather than flatters the underlying improvement. Net profit margin expanded to ~13.7% from ~10.4% and PBT margin to ~19.3% from ~13.4%, as total expenses grew slower than revenue (+74.3% vs +82.5%), pointing to operating leverage as volumes scaled through the defence electronics order book rather than any one-off cost benefit this period. Management's June 2026 concall guidance called for 20-25% revenue growth for FY27 on a strong order book and FY26 spillover; H1's 82.5% YoY growth runs well ahead of that annual pace, so on current trajectory the company is tracking to beat the guided range — though the business is historically H2-weighted (FY26 second-half revenue of ₹59.25 Cr was over 3x H1's ₹18.18 Cr), so the full-year verdict still hinges on H2 execution. No brokerage consensus or street estimate for this quarter could be found — Digilogic is a small, recently-listed defence electronics name without visible analyst coverage, so vsStreet is unknown rather than inferred. No separate management press release was available for this filing; the read here is from the regulatory statement and limited-review report alone. The quarter's order flow — a ₹2.30 Cr defence PSU order (Sep 10), a ₹2.40 Cr Ministry of Defence order (Sep 16) and a ₹5.04 Cr defence order (Oct 22, just after half-year close) — is consistent with the order-book narrative management has used to support its FY27 and longer-term (Project UDAN, new RF-systems subsidiary) growth case, though these individual order sizes are modest relative to the ₹33 Cr half-year revenue base. Separately, the same board meeting accepted the resignation of Company Secretary & Compliance Officer Kameswara Rao Vempati, effective November 25, 2026 — a governance item unrelated to the financial print but disclosed alongside it.