Results - Announcements
SRIT India Ltd share price softened by 0.82% to Rs 108.45 after the company's net profit tumbled by 44.50% to Rs 6.81 crore, while revenue from operations plunged by 24.88% to Rs 87.81 crore in Q2FY26 over Q1FY26.
The market capitalization of IT Enabled Services industry group stocks on BSE stood at Rs 2.7 lakh crore, declining 4.20%. It has eased by 3.73% over last one week and gained upto 4.36% in last one month while the market capitalization of SRIT India Ltd has remained flat
Profit before tax (PBT) of SRIT India Ltd stood at Rs 9.11 crore in Q2 FY26, slipping 2.04% year-on-year, and nosediving by 42.85% quarter-on-quarter. EBITDA came in at Rs 9 crore, rising 3.86% YoY and crashing by 26.64% sequentially.
Total expenses saw a steep drop of 22.77% to Rs 78.32 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 11.07 crore, easing 4.93% YoY.
For the TTM ended FY26, revenue from operations advanced 15.58% to Rs 450.0 crore, while net profit surged by 21.70% to Rs 40.89 crore, compared to previous TTM. EBITDA jumped by 4341% to Rs 50.03 crore, and PBT expanded by 13.08% to Rs 52.23 crore compared to previous TTM.
The company's consolidated net cash flow from operating activities stood at Rs 12.1 crore in FY26, as against Rs 17.97 crore in FY25.