Summary

Workmates Core2Cloud Solution Limited announced robust financial results for FY2026, with revenue from operations reaching ₹143.82 Cr, a significant 33.6% year-on-year increase. The company's Profit After Tax (PAT) for the full year grew by 13.8% to ₹15.92 Cr, with Profit Before Tax (PBT) at ₹21.46 Cr. Demonstrating strong financial health, Workmates entered FY2027 debt-free, holding ₹53.95 Cr in cash and equivalents, underpinned by a high 82.5% recurring revenue mix. The company attributes its strong performance to cloud modernisation, enterprise account expansion, and a deepening managed services mix, while making strategic investments and planning for further scale in FY2027.

Key Highlights

1. 1

   Workmates Core2Cloud Solution Limited reported a revenue from operations of ₹143.82 Cr for FY2026, marking a significant 33.6% year-on-year growth.

2. 2

   Profit After Tax (PAT) for FY2026 stood at ₹15.92 Cr, increasing by 13.8% compared to the previous year.

3. 3

   The company has entered FY2027 debt-free, boasting ₹53.95 Cr in cash and equivalents as of March 31, 2026.

4. 4

   The Board of Directors approved an Interim Dividend of ₹2 per Equity Share of ₹10 each for FY2026.

5. 5

   Recurring revenue constituted a strong 82.5% of total revenue at ₹118 Cr for FY2026, demonstrating a 29.7% year-on-year growth.

6. 6

   Entry Monthly Recurring Revenue (MRR) for FY2027 stands at ₹13.25 Cr/month, representing a 35% increase versus March 2026.

7. 7

   The active enterprise client base expanded from 288+ in FY2025 to 316+ in FY2026, and client retention remained strong at 95%.