DBT Bureau
Pune, 20 Nov 2025
Esconet Technologies Limited, a leading Indian homegrown provider of integrated Information Technology solutions, system integration services, and managed digital services, today announced its financial results for the first half of FY26, delivering a robust rise in revenue supported by expanding customer engagements, strengthened execution capabilities and sustained market demand across its technology solutions portfolio.
For H1 FY26, Esconet reported operational revenues of ₹ 145.33 Cr, marking a 36% increase over ₹ 106.93 Cr in H1 FY25. Total income for the period stood at ₹ 146.30 Cr, reflecting a 37% year-on-year growth.
Despite a strong top-line performance, profitability was tempered by investments in capability expansion, people, and project deliveries aligned with long-term growth priorities. EBITDA for H1 FY26 stood at ₹ 3.19 Cr, while PAT came in at ₹ 1.33 Cr.
Revenues
| Particulars | H1FY26 | FY25 |
|---|---|---|
| Operational Revenues (₹ Cr) | 145.33 | 230.30 |
| Other Income (₹ Cr) | 0.97 | 2.95 |
| Total Income (₹ Cr) | 146.30 | 233.25 |
Profitability
| Particulars | H1FY26 | FY25 |
|---|---|---|
| EBIDTA (₹ Cr) | 3.19 | 11.72 |
| PAT (₹ Cr) | 1.33 | 8.00 |
| EPS (₹) | 1.01 | 6.11 |
Growth Metrics
| Particulars | YoY (%) | HoH (%) |
|---|---|---|
| Operational Revenues Growth | 35.9% | 17.8% |
| Other Income Growth | 438.9% | -65.1% |
| Total Income Growth | 36.6% | 16.0% |
Management Commentary
Commenting on the results, Mr. Santosh Kumar Agrawal, Managing Director, Esconet Technologies Ltd, said, “Our performance in H1 FY26 underscores the fundamental strength of our business model and the trust we continue to build with our customers. The strong revenue growth reflects our scale-up in high-value segments and our commitment to delivering reliable, future-ready technology solutions.
We are pleased to share that during the quarter, the Company successfully executed a large project for a division of ONGC. As per accounting norms, the operational costs related to this project have been recognized in the current quarter, while the corresponding revenue will be booked in the following two quarters. This timing difference has temporarily impacted our profitability and margins, with the reversal expected in H2.
Notwithstanding the short-term financial effect, the successful delivery of this marquee project has further strengthened our position in the PSU ecosystem and enhanced our capability to secure larger and more complex assignments going forward.
As we enter the second half of the year, we remain focused on operational excellence, profitable growth and deepening client partnerships. While margins reflect ongoing investments, we expect operating leverage to improve as our scale expands. Our balance sheet remains strong, providing us the flexibility to pursue long-term growth opportunities.”
