Virtual Galaxy Infotech LimitedQ1 FY27 Results & Financial Update
Virtual Galaxy Infotech Limited: Q1 FY27 standalone results and company financials – revenue ₹40.38 Cr, PAT ₹9.20 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 glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Virtual Galaxy Infotech 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
Virtual Galaxy Infotech Limited reported standalone revenue from operations of INR 40.38 crore for the first quarter of fiscal 2027, accompanied by total income of INR 40.39 crore. Profit before tax (PBT) for the quarter settled at INR 12.98 crore, while net profit after tax (PAT) reached INR 9.20 crore. Basic and diluted earnings per share for the three-month period stood at INR 3.70.
The reporting period reflects a sequential moderation compared to the preceding quarter ended March 31, 2026, during which revenue from operations stood at INR 54.66 crore and PAT reached INR 14.49 crore. Operating expenses for Q1 FY27 totaled INR 27.41 crore, reflecting reduced direct material consumption alongside stable overheads.
Cost of materials consumed during the quarter stood at INR 10.26 crore, down from INR 19.25 crore in the preceding quarter. Employee benefit expenses were reported at INR 3.45 crore, representing a controlled outgo compared to INR 4.10 crore in Q4 FY26.
Depreciation and amortization expenses remained a notable cost component at INR 8.76 crore for the quarter, compared to INR 7.56 crore in the preceding quarter. Finance costs were maintained at INR 0.84 crore, reflecting steady servicing obligations on borrowings.
Total tax expenses for the quarter were recorded at INR 3.78 crore, comprising current tax of INR 4.22 crore offset by a deferred tax credit of INR 0.44 crore. The resulting net profit margin for the quarter stood at approximately 22.79% of total income.
The company voluntarily adopted quarterly financial reporting starting from the quarter ended December 31, 2025. Consequently, corresponding comparative figures for the quarter ended June 30, 2025, are not available or presented in the regulatory filings, as the company previously adhered to half-yearly reporting frameworks.
Statutory auditors issued an unmodified review report on the standalone financial results for the quarter ended June 30, 2026. No investor complaints were pending or received during the period under review, and all activities of the company continue to revolve around its core software and IT services segment.
01 · Business model
What does Virtual Galaxy Infotech do?
Virtual Galaxy Infotech Limited operates as a software development and information technology services provider based in Nagpur, Maharashtra. The company specializes in delivering software products, e-governance solutions, system integration, data analytics, and IT facility management services primarily targeted at banking, financial services, and public sector domains.
Its flagship product portfolio includes specialized software brands such as e-Banker for core banking, Loan Origination System (LOS), Pay Payments, Integrated Business Solution (IBS), Autopsy post-mortem automation, Virtual Vaani, Transagt Core, FinFlow, Audit Flux, and various GST and CRM solutions. These systems cater to cooperatives, commercial lenders, and administrative bodies seeking end-to-end digital automation.
The company conducts its operations domestically within India, operating out of its registered office in Nagpur. It functions under the SME listing framework on the National Stock Exchange of India and prepares its financial results in accordance with Indian Accounting Standards (AS) under Section 133 of the Companies Act, 2013.
02 · Historical context
What shaped the business before this quarter
The company voluntarily opted for quarterly financial reporting effective from the quarter ended December 31, 2025, transitioning away from the half-yearly reporting framework previously applicable to SME-listed entities.
During FY 2025-26, the Board approved and subsequently secured shareholder and NSE in-principal approval for the issuance of 12,43,432 convertible share warrants at INR 159 each, culminating in allotment upon receipt of 25% subscription consideration in April 2026.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹40.38 Cr |
| Total income | ₹40.39 Cr |
| Profit before tax | ₹12.98 Cr |
| Profit after tax | ₹9.20 Cr |
| EPS | ₹3.70 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 22.8% 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 32.2% 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 ₹0.01 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 is generated primarily through software development, e-governance solutions, system integration, and IT facility management contracts executed domestically in India.
Deployment and servicing of proprietary software suites including core banking solutions, loan origination systems, payment gateways, and GST tools drive operational billing.
What drove margins
Cost of materials consumed decreased significantly to INR 10.26 crore in Q1 FY27 from INR 19.25 crore in Q4 FY26, supporting profitability levels.
Depreciation and amortization expenses rose to INR 8.76 crore during the quarter, exerting a continuous claim against gross operating margins.
Employee benefit expenses were contained at INR 3.45 crore, while other expenses stood at INR 4.07 crore, reflecting operational cost management.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates within a single reportable business segment comprising software development, IT solutions, and related services as per Accounting Standards.
Geography and market mix
All operational activities and revenue generation occur within India, with no separate reportable geographical segments identified.
06 · Strategy & new businesses
How the company is trying to change its growth mix
The company allotted 12,43,432 convertible share warrants to the promoter and promoter group at INR 159 per warrant on April 23, 2026, raising 25% upfront consideration to fund working capital and general corporate purposes.
07 · Reported developments
What changed operationally
The company recorded zero investor complaints received or pending as of June 30, 2026.
08 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Out of funds raised through warrant issuances, INR 4.94 crore was received during the period, of which INR 4.90 crore was utilized towards general corporate purposes, leaving an unutilized balance of INR 0.04 crore as of June 30, 2026.
Capital allocation & funding
Finance costs for the quarter were reported at INR 0.84 crore, reflecting ongoing debt servicing commitments during the period.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Warrant Conversion Terms
Each of the 12,43,432 convertible warrants issued to promoters carries an option to convert into one equity share of INR 10 each within 18 months from allotment, with 75% balance consideration payable prior to conversion.
10 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations moderated from INR 54.66 crore in Q4 FY26 to INR 40.38 crore in Q1 FY27, with net profit adjusting from INR 14.49 crore to INR 9.20 crore over the same timeframe.
11 · Key Q&A
The quarter, answered directly
What does Virtual Galaxy Infotech do?
Virtual Galaxy Infotech Limited operates as a software development and information technology services provider based in Nagpur, Maharashtra. The company specializes in delivering software products, e-governance solutions, system integration, data analytics, and IT facility management services primarily targeted at banking, financial services, and public sector domains.
What is the clearest takeaway from Q1 FY27?
Virtual Galaxy Infotech Limited reported standalone revenue from operations of INR 40.38 crore for the first quarter of fiscal 2027, accompanied by total income of INR 40.39 crore. Profit before tax (PBT) for the quarter settled at INR 12.98 crore, while net profit after tax (PAT) reached INR 9.20 crore. Basic and diluted earnings per share for the three-month period stood at INR 3.70.
What drove revenue or demand?
Revenue is generated primarily through software development, e-governance solutions, system integration, and IT facility management contracts executed domestically in India.
What mattered most for margins or profitability?
Cost of materials consumed decreased significantly to INR 10.26 crore in Q1 FY27 from INR 19.25 crore in Q4 FY26, supporting profitability levels.
What changed operationally beyond the headline numbers?
The company allotted 12,43,432 convertible share warrants to the promoter and promoter group at INR 159 per warrant on April 23, 2026, raising 25% upfront consideration to fund working capital and general corporate purposes.
What should the next disclosure help confirm?
Monitor the receipt of the remaining 75% balance consideration on the 12,43,432 outstanding convertible share warrants over the 18-month exercise window ending in late 2027.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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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
Warrant Balance Realization: Monitor the receipt of the remaining 75% balance consideration on the 12,43,432 outstanding convertible share warrants over the 18-month exercise window ending in late 2027.
- 02
Working Capital Deployment: Track the utilization of remaining unutilized warrant and general corporate proceeds toward working capital requirements as business volumes evolve.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.