Sigma Solve LimitedQ1 FY27 Results & Financial Update

Sigma Solve Limited: Q1 FY27 consolidated results and company financials – revenue ₹23.03 Cr, PAT ₹12.58 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: SIGMAPublished 20 Sep 2026Reported 31 Jul 2026Updated 5 Oct 2026~6 min read
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
Revenue from operations change+11.5%Year-on-year
Profit after tax change+142.6%Profit after tax · year-on-year
Sequential change+134.4%Quarter-on-quarter

Find an answer

Ask this result

Chart · Market context

Sigma Solve price & chart

Market price₹44.00
1Y return—Price return
Loading market chart…
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 Sigma Solve 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

01

Sigma Solve Limited released its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026, approved by the Board of Directors on July 31, 2026.

02

Consolidated revenue from operations for Q1 FY27 stood at INR 23.03 crore, while total income reached INR 32.00 crore, reflecting strong top-line contributions from other income components.

03

Profit after tax (PAT) for the quarter rose significantly to INR 12.58 crore, reflecting robust bottom-line growth on both a sequential and annual basis.

05

The company's statutory auditors, M/s. Mistry & Shah LLP, conducted a limited review and issued an unmodified review report on the financial results.

06

The Board proposed the re-appointment of M/s. Mistry & Shah LLP as statutory auditors for a second consecutive term of five years, subject to shareholder approval at the upcoming 16th Annual General Meeting.

07

During the quarter, consolidated revenue from operations stood at INR 23.03 crore, while total consolidated income reached INR 32.00 crore, boosted by other income streams.

01 · Business model

What does Sigma Solve do?

Sigma Solve Limited is an enterprise software solutions provider operating out of Ahmedabad, Gujarat, delivering custom software development and technology services.

The company generates its primary revenue streams from operations across software services, supported by other operating income.

The consolidated group structure includes subsidiary entities Sigma Solve Inc. and Rish Info Logistics Private Limited.

The enterprise model relies on consulting, technical solutions delivery, and enterprise support to serve a diversified international and domestic clientele.

02 · Historical context

What shaped the business before this quarter

Initial Public Offering and Fund Raise

The company raised public funds via an initial public issue on October 15, 2020, allocating capital toward acquisitions, investments in subsidiaries, and general corporate purposes.

Statutory Auditor Engagement

The company completed its first five-year term with statutory auditors M/s. Mistry & Shah LLP, leading to a proposal for their re-appointment through the 21st AGM in 2031.

03 · Financial snapshot

Current quarter vs the two useful baselines

MetricQ1 FY27Year-agoPrevious quarter
Revenue from operations₹23.03 Cr₹20.66 Cr₹24.64 Cr
Total income₹32.00 Cr₹22.80 Cr₹23.86 Cr
Profit before tax₹16.48 Cr₹6.83 Cr₹6.76 Cr
Profit after tax₹12.58 Cr₹5.18 Cr₹5.36 Cr
EPS₹1.22₹0.50₹0.52

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 54.6% 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.

Pre-tax earnings

Profit before tax was equivalent to 71.5% 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.

Operating revenue versus total income

Total income exceeded operating revenue by ₹8.97 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

Software Operations

Revenue from operations contributed INR 23.03 crore during the quarter.

Other Income

Other income contributed significantly to the total consolidated income, bringing total income to INR 32.00 crore for Q1 FY27.

Consolidated Revenue from Operations

Reported at INR 23.03 crore for the quarter ended June 30, 2026.

Other Income

Contributed significantly to total income, bringing consolidated total income to INR 32.00 crore.

What drove margins

Employee Benefit Expenses

Employee benefit expenses formed a major part of the cost structure at INR 9.34 crore on a consolidated basis.

Other Expenses

Other operational expenses stood at INR 2.38 crore for the quarter.

Expense Management

Total consolidated expenses for the quarter were restricted to INR 15.53 crore, helping expand profitability margins.

Employee Benefit Expenses

Consolidated employee benefit expenses were reported at INR 9.34 crore for the quarter.

05 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Single Operating Segment

The company operates in a single reportable business segment, and consequently, no separate segment-wise disclosures are required under Indian Accounting Standard 108.

06 · Reported developments

What changed operationally

Profit Growth

Consolidated profit after tax expanded to INR 12.58 crore for the quarter ended June 30, 2026.

07 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Utilization of IPO Proceeds

Out of original public issue proceeds, unutilized amounts of INR 75.45 lakh for general corporate purposes remained categorized under general corporate use as per the statement of deviation or variation.

Capital allocation & funding

Finance Costs

Consolidated finance costs for the quarter were contained at INR 0.04 crore.

08 · Beyond the numbers

What changed beyond the numbers

Reported update

Auditor Re-appointment

The Board of Directors approved the re-appointment of M/s. Mistry & Shah LLP as statutory auditors for a second 5-year term spanning from the 16th AGM to the 21st AGM in 2031.

Reported update

AGM and Dividend Approvals

The Board approved the draft directors' report, notice calling the 16th AGM, and final dividend for the financial year ended March 31, 2026.

09 · Key Q&A

The quarter, answered directly

What does Sigma Solve do?

Sigma Solve Limited is an enterprise software solutions provider operating out of Ahmedabad, Gujarat, delivering custom software development and technology services.

What is the clearest takeaway from Q1 FY27?

Sigma Solve Limited released its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026, approved by the Board of Directors on July 31, 2026.

What drove revenue or demand?

Revenue from operations contributed INR 23.03 crore during the quarter.

What mattered most for margins or profitability?

Employee benefit expenses formed a major part of the cost structure at INR 9.34 crore on a consolidated basis.

What changed operationally beyond the headline numbers?

The Board of Directors approved the re-appointment of M/s. Mistry & Shah LLP as statutory auditors for a second 5-year term spanning from the 16th AGM to the 21st AGM in 2031.

What should the next disclosure help confirm?

Upcoming AGM scheduled to approve statutory auditor re-appointment, financial statements, and other corporate matters.

10 · 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.

11 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    16th Annual General Meeting: Upcoming AGM scheduled to approve statutory auditor re-appointment, financial statements, and other corporate matters.

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.

← Back to Quarterly Results