MosChip Q1FY27 Revenue Down 14% YoY to ₹116.21 Cr

MosChip Technologies Ltd announced its un-audited consolidated financial results for the quarter ended 30 June 2026. Revenue from operations decreased by 14% year-on-year to ₹116.21 Cr from ₹135.59 Cr in Q1 FY26. EBITDA also saw a decline, falling to ₹11.79 Cr (10.15% margin) from ₹17.18 Cr (12.67% margin) in the prior year period. Profit before tax decreased significantly to ₹3.66 Cr (3.15% margin) from ₹11.48 Cr (8.47% margin). The company attributed revenue fluctuations to the nature of its Turnkey ASIC business and slower-than-anticipated revenue generation in its Product Engineering Services (PES) unit due to longer order conversion cycles. Despite these challenges, MosChip highlighted its unchanged delivery capabilities and engineering strength, while noting positive industry trends in semiconductor sales and AI-driven demand.