Hypersoft consol PAT ₹8.0 Cr, down 21% QoQ as margins compress despite 233% YoY jump
PAT +233.06% YoY · revenue +395.49% · margins compressing
₹82.29 Cr
+395.49% YoY
₹8.01 Cr
+233.06% YoY
9.74%
-4.7pp YoY
₹0.95
Hypersoft Technologies' consolidated PAT rose 233% year-on-year to ₹8.01 Cr (from ₹2.41 Cr in Q2 FY26) on revenue up 395% YoY to ₹82.29 Cr, but both comparisons sit against a low year-ago base — Q2 FY26 was only the first full quarter after the company swapped shares to acquire NX Global, Mindgate and Nexus Innovate (Singapore/US entities). Sequentially the picture is softer: revenue grew just 6.1% QoQ to ₹82.29 Cr from ₹77.53 Cr, while PAT fell 21.2% QoQ from ₹10.17 Cr, extending a margin slide that began last quarter.
Q2 FY-2027 vs prior quarters
Net profit margin compressed to 9.74%, down from 13.10% in Q1 FY27 and 14.47% a year ago; operating margin (revenue from operations less total expenses, as a % of revenue) eased to 13.36% from 13.93% QoQ and 16.87% YoY. Cost of input services and employee benefit expense both rose faster than revenue this quarter (employee costs ₹3.09 Cr vs ₹2.54 Cr QoQ), the main pressure points on the operating line. Standalone profitability stayed modest — ₹1.51 Cr PAT on ₹20.28 Cr revenue — underscoring that group growth and profit are now almost entirely a function of the overseas subsidiaries rather than the India standalone business.
The stock went into the print at ₹167.35, down 0.3% 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.
There is no street coverage or consensus estimate for this stock (a web check found no active analyst recommendations or estimates for Hypersoft), and the company has no formal guidance on record, so vsStreet and vsGuidance stay 'unknown.' No management press release accompanied this filing. The more material caveat sits in the auditors' limited-review report: two subsidiaries and three step-down subsidiaries — together accounting for ₹62.00 Cr of consolidated revenue (75% of the total) and ₹6.51 Cr of PAT (81%) this quarter — were not reviewed by the statutory auditors and are included based solely on management certification. Separately, the board approved a 2.5% interim dividend (₹0.25/share) at the same meeting, and diluted EPS of ₹0.95 remains well below the ₹3.22 posted a year ago purely because paid-up equity capital was enlarged more than 5x (to ₹84.69 Cr) by the share-swap issuance used to fund the acquisitions.
W1
NPM has fallen for two straight quarters (14.47% → 13.10% → 9.74%) — watch whether Q3 FY27 stabilizes or compresses further
W2
Unreviewed subsidiaries make up 75% of consolidated revenue and 81% of PAT this quarter — watch for any restatement once a full statutory audit is completed
W3
Sequential revenue growth slowed to 6.1% QoQ after a 102.5% QoQ jump in Q1 FY27 — watch whether growth reaccelerates or this is the new run-rate