Blue Cloud Q1 FY27: consolidated PAT +24.7% YoY to ₹17.95 Cr, standalone profit -12.8%

On a consolidated basis (primary), Blue Cloud Softech reported Q1 FY27 (quarter ended 30 June 2026) total income of ₹292.53 Cr, up 41.9% YoY and 5.4% QoQ, with PAT of ₹17.95 Cr, up 24.7% YoY and 48.3% QoQ; basic EPS was ₹0.23 versus ₹0.33 a year ago (not annualised, and diluted by the acquisition-related share allotment). But almost the entire YoY jump is inorganic: the company completed a ₹372.81 Cr all-equity share-swap acquisition of Global Impx Inc. (USA, with subsidiaries ConnectM India and Geo Impex & Logistics), gaining control on 17 June 2026 and consolidating only ~13 days of its results this quarter. Per the auditors' 'Other Matters' note, the combined US subsidiaries (Global Impx plus the pre-existing IT Corpz and AIS Anywhere) contributed ₹148.03 Cr — roughly 51% — of consolidated revenue and ₹8.69 Cr of PBT. The company's own notes flag that this quarter's figures are 'not comparable' with prior periods on that basis. The standalone (India parent) entity tells the opposite story: standalone revenue fell 6.4% YoY to ₹144.49 Cr and standalone PAT fell 12.8% YoY to ₹11.51 Cr, with standalone EPS halving to ₹0.15 from ₹0.30 — the core India business contracted even as the reported group numbers grew.

On margins, EBITDA (PBT + finance costs + D&A) came in at ₹59.61 Cr, with the EBITDA margin expanding sharply to 20.4% from 10.4% a year ago, as management highlighted in its press release. But the bottom-line margin moved the other way: consolidated NPM compressed to 6.1% from 7.0% YoY, and PBT margin fell to 8.2% from 9.5%. The gap is explained by depreciation & amortisation surging to ₹31.18 Cr from ₹1.35 Cr, and finance costs rising to ₹4.56 Cr from ₹0.46 Cr — both tied to the recent acquisition/capex buildout — which ate into the operating-level gains before they reached PAT. The effective tax rate normalised to 24.8% (tax ₹5.93 Cr on PBT ₹23.88 Cr), in line with the company's own framing, but that alone didn't offset the D&A/finance-cost drag on net margin.

The stock went into the print at ₹22.58, up 9.1% over the past month of trading.

For context: this is the second-highest quarterly PAT of the last 6 quarters; revenue is at a 6-quarter high.

Management gave no formal near-term guidance for this specific quarter; the only guidance on record is the long-term FY27 revenue target of ~₹3,000 Cr (anchored, per external reporting, by a ₹1,100 Cr order book), with the bulk of the growth story — a $350 million Phase 1 AI data-center buildout scaling to 100MW by FY32 — not slated to start until FY28. At this quarter's consolidated revenue run-rate (~₹1,170 Cr annualised), the company is well short of the ₹3,000 Cr FY27 mark, though it is only Q1 and the data-center contribution isn't expected yet, so calling this beat/met/missed against that target would be premature — treated as unknown here. No published analyst/consensus estimates for this specific quarter were found (web search turned up no brokerage Q1 FY27 preview or consensus PAT/revenue figure for this micro-cap), so vsStreet is also unknown. The quarter's other developments — a $150 million AI-solutions deal with SpaceX International (announced 10 Aug 2026), a 5-year AI services deal via the US subsidiary (13 Jul 2026), completion of the SOCEYE deployment for Hyderabad Police (8 Jul 2026), and the India FIR Recorder launch (6 Jul 2026) — are pipeline/deployment signals rather than P&L drivers in this quarter's numbers.