MosChip Technologies LimitedQ2 FY27 Results & Financial Update
MosChip Technologies Limited: Q2 FY27 consolidated results and company financials – revenue ₹119.08 Cr, PAT ₹-30.40 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 MosChip Technologies Q2 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
During the second quarter of fiscal 2027, MosChip Technologies recorded consolidated revenue from operations of INR 119.08 crore, reflecting a modest sequential top-line increase from INR 116.21 crore reported in the preceding quarter.
Despite the steady top-line progression, profitability contracted sharply during the quarter, driven by severe cost pressures on a complex execution engagement that pushed the company into a consolidated net loss after tax of INR 30.40 crore and a matching loss before tax of INR 30.40 crore.
The earnings contraction was primarily concentrated in an advanced-stage turnkey ASIC project, which accumulated heavy external cost escalations and unbudgeted expenses linked to customer-requested scope upgrades beyond the company's direct control.
Management noted that discussions are actively underway with the customer regarding the reimbursement of scope-upgrade costs, while the accounting treatment of these additional expenses has been strictly aligned with relevant Ind AS standards.
Finance costs for the quarter stood at INR 2.56 crore, depreciation and amortization expenses totaled INR 7.50 crore, and tax expenses were recorded at INR 1.52 crore alongside interest income of INR 3.08 crore.
On a half-yearly cumulative basis for H1 FY27, revenue from operations reached INR 235.29 crore compared to INR 282.53 crore in H1 FY26, accompanied by an H1 FY27 EBITDA loss of INR 7.03 crore and an H1 FY27 pre-tax loss of INR 25.22 crore.
Industry-wide market indicators highlighted by the Semiconductor Industry Association point to sustained secular growth, with cumulative global semiconductor sales exceeding USD 1 trillion through August 2026 and robust momentum in fabless design demand.
01 · Business model
What does MosChip Technologies do?
MosChip Technologies Limited is a Hyderabad-headquartered semiconductor and product engineering solutions company operating globally with domain expertise and engineering talent spanning Silicon Valley, Hyderabad, Bengaluru, Ahmedabad, and Pune.
The company provides comprehensive end-to-end engineering solutions that cover systems and product design, IoT solution design, artificial intelligence and machine learning, FPGA design, mixed-signal IP design, ASIC design, design verification, and validation.
MosChip's operating model targets businesses across diverse end-markets such as automotive, media and entertainment, industrial and home automation, consumer electronics, telecommunications, computer vision, networking, data centers, and healthcare.
By supporting the entire product development life cycle from architecture and RTL design to physical design, tape-out, and post-silicon support, the company enables fabless semiconductor firms and system manufacturers to build specialized silicon.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q2 FY27 |
|---|---|
| Revenue from operations | ₹119.08 Cr |
| Total income | ₹119.94 Cr |
| Profit before tax | ₹-30.40 Cr |
| Profit after tax | ₹-30.40 Cr |
| EPS | ₹-1.56 |
Financial interpretation
What the reported numbers mean
Profit after tax represented -25.5% 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 -25.5% 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.
Total income exceeded operating revenue by ₹0.85 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.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations expanded to INR 119.08 crore in Q2 FY27 from INR 116.21 crore in Q1 FY27, reflecting stable order inflow across ongoing engineering engagements.
Total consolidated income reached INR 119.93 crore for the quarter, bolstered by INR 0.85 crore in other income and INR 3.08 crore in interest income.
What drove margins
Margins eroded substantially during the quarter due to heavy additional costs incurred on a highly complex turnkey ASIC project at an advanced stage of execution.
Unbudgeted execution expenses related to customer-requested scope upgrades exerted downward pressure on profitability pending active commercial discussions for cost reimbursement.
The company absorbed INR 9.60 crore in provisions, INR 7.50 crore in depreciation and amortization, and INR 2.56 crore in finance costs during the quarter.
04 · Demand, customers & order book
Where demand is coming from
The company is executing a highly complex turnkey ASIC project that has reached an advanced stage, strengthening MosChip's capabilities for future turnkey ASIC business despite near-term cost overruns.
05 · Segments, products & geography
Which parts of the business are doing the work
Geography and market mix
MosChip operates through a technical workforce of over 1,900 engineers located across design centers in Silicon Valley, USA, Hyderabad, Bengaluru, Ahmedabad, and Pune.
06 · Strategy & new businesses
How the company is trying to change its growth mix
MosChip continues to position itself to capture growing demand for AI accelerators, automotive electronics, edge computing, and custom SoC programmes driven by the global expansion of the fabless semiconductor model.
07 · Reported developments
What changed operationally
Management noted that successfully navigating the complexities of executing a highly intricate turnkey ASIC project significantly strengthens MosChip's technical positioning for future large-scale ASIC contracts.
Global semiconductor sales surpassed USD 1 trillion through August 2026, supported by robust investments in artificial intelligence, data centers, high-performance computing, and memory.
08 · Pressure points & risks
What is not going smoothly
Consolidated net profit swung to a net loss of INR 30.40 crore for Q2 FY27 due to uncontrollable cost escalations and unbudgeted scope-upgrade expenses on a major turnkey project.
Cumulative revenue from operations for H1 FY27 declined to INR 235.29 crore from INR 282.53 crore in H1 FY26, alongside an H1 FY27 EBITDA loss of INR 7.03 crore.
09 · Items worth noticing
The line items that can distort a quick read
Incurred unbudgeted cost escalations and scope-upgrade expenses of INR 30.40 crore (pre-tax and net loss impact) on an advanced-stage turnkey ASIC project, treated in accordance with Ind AS standards.
10 · Beyond the numbers
What changed beyond the numbers
Reported update
Semiconductor Supply Chain Outlook
Citing Semiconductor Industry Association data, the company highlighted that U.S. domestic semiconductor manufacturing capacity is projected to triple from 2022 to 2032 under the CHIPS and Science Act, with advanced logic manufacturing reaching 28% of global capacity.
Reported update
Ecosystem Dependency
Management noted that while India's semiconductor ecosystem is expanding across chip design, fabrication, and packaging, near-term execution continues to depend substantially on overseas foundries, global EDA/IP suppliers, and foreign-currency-denominated procurement.
11 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations increased sequentially from INR 116.21 crore in Q1 FY27 to INR 119.08 crore in Q2 FY27.
EBITDA turned from a positive INR 11.79 crore (10.15% margin) in Q1 FY27 to an operating loss of INR 18.82 crore in Q2 FY27, while pre-tax profit shifted from INR 3.66 crore to a pre-tax loss of INR 28.88 crore.
12 · Key Q&A
The quarter, answered directly
What does MosChip Technologies do?
MosChip Technologies Limited is a Hyderabad-headquartered semiconductor and product engineering solutions company operating globally with domain expertise and engineering talent spanning Silicon Valley, Hyderabad, Bengaluru, Ahmedabad, and Pune.
What is the clearest takeaway from Q2 FY27?
During the second quarter of fiscal 2027, MosChip Technologies recorded consolidated revenue from operations of INR 119.08 crore, reflecting a modest sequential top-line increase from INR 116.21 crore reported in the preceding quarter.
What drove revenue or demand?
Revenue from operations expanded to INR 119.08 crore in Q2 FY27 from INR 116.21 crore in Q1 FY27, reflecting stable order inflow across ongoing engineering engagements.
What mattered most for margins or profitability?
Margins eroded substantially during the quarter due to heavy additional costs incurred on a highly complex turnkey ASIC project at an advanced stage of execution.
What changed operationally beyond the headline numbers?
MosChip continues to position itself to capture growing demand for AI accelerators, automotive electronics, edge computing, and custom SoC programmes driven by the global expansion of the fabless semiconductor model.
What are the main pressure points disclosed for the quarter?
Consolidated net profit swung to a net loss of INR 30.40 crore for Q2 FY27 due to uncontrollable cost escalations and unbudgeted scope-upgrade expenses on a major turnkey project.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Customer Reimbursement Discussions: Progress and financial settlement outcomes of active discussions with the customer regarding cost reimbursements for turnkey ASIC scope upgrades.
- 02
Project Execution and Margin Recovery: Stabilization of project execution costs and subsequent recovery in EBITDA and net profit margins across upcoming quarters.
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Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.