Mindteck (India) LimitedQ1 FY27 Results & Financial Update
Mindteck (India) Limited: Q1 FY27 consolidated results and company financials – revenue ₹104.08 Cr, PAT ₹8.36 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
Find an answer
Ask this result
Chart · Market context
Mindteck (India) price & chart
Market price₹148.94
1Y return—Price return
Loading market chart…
TradingView Lightweight Charts™ · Copyright © 2025 TradingView, Inc.TradingView
Market chartPrice chart temporarily unavailableThe price chart could not be loaded right now. The reported financial results remain available above.
Spotted a factual error?Tell us the number, date or statement and we will re-check the underlying records and calculations.Report an error
Quarterly Results AnalysisExplore Mindteck (India) Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Mindteck delivered consolidated operational revenue of Rs. 104.08 crore for the first quarter of fiscal 2026-27, registering a stable performance compared to Rs. 103.91 crore in the preceding quarter ended March 31, 2026, and Rs. 101.30 crore in the corresponding period of the previous year.
Total consolidated income reached Rs. 106.91 crore, supported by Rs. 2.83 crore of other income, maintaining a steady top-line run-rate relative to Rs. 106.99 crore reported in Q4 FY26 and Rs. 103.95 crore in Q1 FY25.
Consolidated profit after tax stood at Rs. 8.36 crore for the quarter, down from Rs. 10.16 crore in the preceding quarter and Rs. 8.75 crore in the corresponding quarter of the previous year, reflecting pressure from higher operating outlays.
Management highlighted that while top-line demand across storage, medical device, semiconductor, and analytical instrument sectors remained resilient, profitability encountered headwinds from elevated employee benefit expenses and ongoing investments in artificial intelligence and organizational capabilities.
Strategic execution priorities for subsequent quarters focus on driving operating efficiencies, elevating resource utilization levels, rebalancing delivery models, and prioritizing higher-value customer engagements to rebuild margin momentum.
Profit after tax was ₹8.36 Cr for the reported quarter. EPS was ₹2.62 for the reported quarter.
01 · Business model
What does Mindteck (India) do?
Mindteck (India) Limited is a global engineering and technology solutions company operating for over thirty years, providing software services to external customers and IT-enabled services to subsidiaries across a worldwide network.
The company specializes in niche domains including data storage, medical devices, semiconductors, analytical instruments, life sciences, and industrial automation, delivering end-to-end product engineering and IT services across the technology lifecycle.
Core technology expertise spans artificial intelligence and data services featuring LLM-based solutions and analytics, IoT and embedded systems anchored by the Ignite platform, product engineering for regulated industries, CMMI Level 5 quality engineering, and domain-focused business process management (BPM) services.
Mindteck operates globally through a structured footprint encompassing direct subsidiaries and offices across the United States, United Kingdom, Canada, Germany, Singapore, Malaysia, Bahrain, and the Philippines.
02 · Historical context
What shaped the business before this quarter
Following the winding-up of the ESOP Scheme 2020, the company amended the objectives of the Mindteck Employees Welfare Trust effective November 12, 2024, merging its financials into the standalone statements and recording designated interest income.
The Board of Directors approved the closure of Mindteck Solutions Philippines Inc. due to continuous losses following a May 2019 resolution, with closure proceedings initiated and monitored as immaterial to overall operations.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Q1 FY27 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹104.08 Cr | ₹101.30 Cr | ₹103.91 Cr |
| Total income | ₹106.91 Cr | ₹103.95 Cr | ₹106.99 Cr |
| Profit before tax | ₹9.62 Cr | ₹10.76 Cr | ₹12.43 Cr |
| Profit after tax | ₹8.36 Cr | ₹8.75 Cr | ₹10.16 Cr |
| EPS | ₹2.62 | ₹2.74 | ₹3.18 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 8.0% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 9.2% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹2.83 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue remained resilient at Rs. 104.08 crore, supported by continued demand for engineering and technology solutions across storage, medical device, semiconductor, and analytical instrument industries.
Consolidated revenue by customer location comprised Rs. 40.20 crore from the USA, Rs. 17.01 crore from India, and Rs. 46.87 crore from the rest of the world.
What drove margins
Employee benefits expense formed the largest cost component at Rs. 62.86 crore on a consolidated basis, rising from Rs. 59.33 crore in the year-ago quarter, exerting downward pressure on operating margins.
Cost of technical sub-contractors stood at Rs. 26.13 crore, while other expenses were contained at Rs. 6.96 crore compared to Rs. 9.21 crore in the corresponding period last year.
Management noted that ongoing capital and operational outlays toward artificial intelligence capabilities and organizational readiness temporarily impacted net profitability.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The group's operations predominantly relate to providing software services to external customers and IT-enabled services to internal subsidiaries, constituting a single primary business segment under Ind AS 108.
Geography and market mix
US-based external customer revenues contributed Rs. 40.20 crore during the quarter, compared to Rs. 44.13 crore in Q4 FY26 and Rs. 39.93 crore in Q1 FY25.
Revenues from India customers stood at Rs. 1.70 crore, while customers in the rest of the world contributed Rs. 46.87 crore during the quarter.
06 · Reported developments
What changed operationally
Consolidated revenue grew year-on-year to Rs. 104.08 crore, underpinned by steady multi-sector engineering demand and customer trust in core domain capabilities.
07 · Pressure points & risks
What is not going smoothly
Consolidated PAT moderated to Rs. 8.36 crore from Rs. 10.16 crore in the preceding quarter, impacted by elevated employee costs and capability investments.
08 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Consolidated finance costs for the quarter were contained at Rs. 0.22 crore, showing a reduction from Rs. 0.34 crore in the corresponding quarter of the previous year.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Subsidiary and Trust Structure
The consolidated financial statements incorporate balances of direct and indirect subsidiaries including Mindteck Inc, Mindteck Software Malaysia, Mindteck Middle East, Mindteck UK, Mindteck Singapore, Mindteck Canada, Mindteck Germany, Chendle Holdings, and Mindteck Solutions Philippines (under closure).
10 · Previous-quarter changes
What changed since the previous quarter
Consolidated revenue remained virtually flat at Rs. 104.08 crore compared to Rs. 103.91 crore in Q4 FY26, while net profit moved from Rs. 10.16 crore to Rs. 8.36 crore.
11 · Key Q&A
The quarter, answered directly
What does Mindteck (India) do?
Mindteck (India) Limited is a global engineering and technology solutions company operating for over thirty years, providing software services to external customers and IT-enabled services to subsidiaries across a worldwide network.
What is the clearest takeaway from Q1 FY27?
Mindteck delivered consolidated operational revenue of Rs. 104.08 crore for the first quarter of fiscal 2026-27, registering a stable performance compared to Rs. 103.91 crore in the preceding quarter ended March 31, 2026, and Rs. 101.30 crore in the corresponding period of the previous year.
What drove revenue or demand?
Revenue remained resilient at Rs. 104.08 crore, supported by continued demand for engineering and technology solutions across storage, medical device, semiconductor, and analytical instrument industries.
What mattered most for margins or profitability?
Employee benefits expense formed the largest cost component at Rs. 62.86 crore on a consolidated basis, rising from Rs. 59.33 crore in the year-ago quarter, exerting downward pressure on operating margins.
What changed operationally beyond the headline numbers?
The consolidated financial statements incorporate balances of direct and indirect subsidiaries including Mindteck Inc, Mindteck Software Malaysia, Mindteck Middle East, Mindteck UK, Mindteck Singapore, Mindteck Canada, Mindteck Germany, Chendle Holdings, and Mindteck Solutions Philippines (under closure).
What are the main pressure points disclosed for the quarter?
Consolidated PAT moderated to Rs. 8.36 crore from Rs. 10.16 crore in the preceding quarter, impacted by elevated employee costs and capability investments.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Margin Recovery Milestones: Monitor subsequent quarterly results for the translation of AI investments and delivery model optimization into operating margin expansion and employee cost rationalization.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.