Workmates Core2Cloud Revenue ₹95.21 Cr in H1 FY27, Up 27.5%
Workmates Core2Cloud Solution Limited reported unaudited financial results for the half-year ended September 30, 2026. Revenue from operations grew 27.5% year-on-year to ₹95.21 Cr (H1 FY26: ₹74.69 Cr). Recurring revenue increased by 43.4% YoY to ₹82.97 Cr, now constituting 87% of total revenue. Profit After Tax (PAT) rose by 32.4% to ₹12.03 Cr (H1 FY26: ₹9.09 Cr), with a PAT margin of 12.6%. The company remains debt-free with cash and cash equivalents of ₹43.88 Cr. Management has raised the FY27 revenue outlook to ₹202 Cr. Key business highlights include adding 54 new logos, growing the enterprise customer base, and launching six AI accelerators in production. Expansion into the US and Middle East has been reactivated.
Key Highlights
- Revenue grew 27.5% YoY to ₹95.21 Cr in H1 FY27.
- Recurring revenue up 43.4% YoY, forming 87% of total revenue.
- PAT increased 32.4% YoY to ₹12.03 Cr.
- Company remains debt-free with ₹43.88 Cr in cash.
- FY27 revenue outlook raised to ₹202 Cr.
Price Impact
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