Trigyn posts ₹3.49 Cr consol. profit, revenue +12.6% YoY; standalone still loss-making
revenue +12.59% · margins expanding
₹252.76 Cr
+12.59% YoY
₹3.49 Cr
1.36%
+3.4pp YoY
₹1.13
Trigyn Technologies swung to a consolidated net profit of ₹3.49 Cr in Q1 FY27 (quarter ended June 30, 2026), against a ₹4.61 Cr loss a year ago, as consolidated revenue grew 12.6% YoY to ₹252.76 Cr (up a marginal 0.3% QoQ from ₹251.95 Cr). Consolidated net margin turned positive at 1.4%, from -2.0% YoY and 0.25% QoQ — an expansion, though still on a thin base. No exceptional items sit in the consolidated print for either this quarter or the year-ago quarter, so the YoY swing is on a clean operating basis. There is no analyst coverage or consensus estimate on record for this micro-cap (confirmed via web search), and management has issued no formal guidance in our records or the filing — so vs-street and vs-guidance are both unknown rather than a beat or miss.
Q1 FY-2027 vs prior quarters
The consolidated turnaround masks a standalone (parent-only) business still in the red: standalone revenue rose 7.3% YoY to ₹37.99 Cr but the parent posted a ₹2.48 Cr loss, narrower than the ₹4.99 Cr loss a year ago. That is a >5-point divergence in YoY revenue growth between standalone (+7.3%) and consolidated (+12.6%), and a starkly different profitability story — the auditors' review report shows the eight subsidiaries not directly reviewed (certified by management) contributed ₹5.93 Cr of combined net profit for the quarter, which is what pulls the group into the black despite the parent's loss.
The stock went into the print at ₹54.54, down 7.4% over the past month of trading.
For context: this is the second-highest quarterly PAT of the last 6 quarters.
What the summary numbers don't show
EPS (basic, combined operations) ₹1.13 vs ₹(1.50) YoY and ₹0.21 QoQ
Several disclosures carried over from prior filings remain live: ₹80 Cr of Quarterly Guaranteed Revenue on the AMC portion of the Andhra Pradesh (APSFL) contract remains unbooked, per an independent expert's opinion that recognition should wait for reasonable certainty of collection; a ₹9.08 Cr GST demand (FY20-23, disallowed input tax credit) is under appeal, filed June 30, 2026; and an income-tax block-assessment demand of ₹3.14 Cr is being contested. The company also carries a cumulative Expected Credit Loss provision of ₹65.23 Cr (parent) plus ₹3.19 Cr (US subsidiary), largely against the long-outstanding APSFL receivable of ₹61.50 Cr. Two subsidiaries, Leading Edge Infotech and Trigyn Technologies India, continue to be prepared on a going-concern basis despite negative net worth, dependent on parent financial support. No management press release accompanied this filing beyond the regulatory outcome letter.
W1
Recognition of the ₹80 Cr Quarterly Guaranteed Revenue on the APSFL AMC contract — management defers booking pending 'reasonable certainty' of collection per independent expert opinion
W2
Outcome of the ₹9.08 Cr GST appeal (FY20-23 ITC disallowance), filed June 30, 2026, awaiting a hearing date
W3
Formalisation and further recovery of United Telecoms/Priyaraja Electronics advances — ₹7 Cr of principal already received Aug 10, 2026 against outstanding rental advances, security deposits and receivables of ~₹8.7 Cr
Consolidated PBT/tax shown are for continuing operations (₹6.12 Cr/₹2.73 Cr); total PAT of ₹3.49 Cr also folds in ₹0.10 Cr post-tax profit from discontinued Swiss subsidiary. No exceptional items in consolidated result either period; standalone carried a token ₹0.04 Cr exceptional provision. Standalone (parent) remained loss-making even as consolidated turned profitable — divergence driven by subsidiary profitability.