D-Link (India) LimitedQ1 FY27 Results & Financial Update

D-Link (India) Limited: Q1 FY27 consolidated results and company financials – revenue ₹456.96 Cr, PAT ₹27.61 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: DLINKINDIAPublished 21 Oct 2026Updated 21 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹456.96 CrReported Q1 FY27
Profit after tax₹27.61 CrReported Q1 FY27
EPS₹7.78Reported Q1 FY27

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Quarterly Results AnalysisExplore D-Link (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

01

For the first quarter of fiscal 2027 ended June 30, 2026, D-Link (India) Limited posted consolidated revenue from operations of INR 456.96 crore, accompanied by total income of INR 461.69 crore.

02

Profitability for the quarter remained solid, with profit before tax (PBT) reaching INR 37.17 crore and net profit after tax (PAT) settling at INR 27.61 crore.

03

Basic and diluted earnings per share (EPS) for the unannualised period stood at INR 7.78 each, reflecting stable earnings delivery across the quarter.

04

Total expenses for the period aggregated to INR 424.52 crore, dominated by purchases of stock-in-trade amounting to INR 402.02 crore, offset slightly by a positive inventory change of INR 5.17 crore.

05

Employee benefit expenses stood at INR 11.84 crore, while finance costs and depreciation/amortisation expenses were contained at INR 0.38 crore and INR 1.94 crore respectively.

06

The company maintained an unmodified review conclusion from its statutory auditors, B S R & Co. LLP, for both standalone and consolidated financial results reviewed on August 1, 2026.

07

D-Link (India) Limited reported consolidated revenue from operations of INR 456.96 crore for the quarter ended June 30, 2026, alongside total income of INR 461.69 crore. Profit before tax (PBT) for the period reached INR 37.17 crore.

08

The company recorded a consolidated profit for the period (PAT) of INR 27.61 crore, translating to a basic and diluted earnings per share (EPS) of INR 7.78 for the quarter. Total comprehensive income for the quarter stood at INR 27.50 crore after accounting for remeasurements of defined benefit plans.

01 · Business model

What does D-Link (India) do?

D-Link (India) Limited operates primarily in the networking products industry, offering a comprehensive suite of hardware and solutions that power corporate, enterprise, and home connectivity infrastructure.

The product portfolio spans switching, wireless local area networks, broadband routers, surveillance equipment, and security-enabled networking accessories tailored for digital communication requirements.

The company functions through both standalone operations and its subsidiary, TeamF1 Networks Private Limited, serving a broad distribution network across India.

Revenue generation is anchored in the import and distribution of stock-in-trade networking goods, supported by channel partners, system integrators, and retail distribution channels.

02 · Historical context

What shaped the business before this quarter

Ad-hoc Duty Payment (Prior Period)

The company made voluntary ad-hoc payments of INR 1.00 crore during the investigation phase toward the customs demand prior to challenging the Order-in-Original before CESTAT in April 2026.

New Labour Codes Adoption (FY26)

The group recognized an employee benefits expense of INR 2.60 crore during the preceding financial year ended March 31, 2026, pursuant to the enactment of New Labour Codes and relevant accounting standards.

03 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹456.96 Cr
Total income₹461.69 Cr
Profit before tax₹37.17 Cr
Profit after tax₹27.61 Cr
EPS₹7.78

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

Stock-in-Trade Sourcing

Revenue operations are primarily driven by the trading of networking equipment procured from third-party vendors and parent entities, with purchases of stock-in-trade totaling INR 402.02 crore during the quarter.

Other Income Contribution

Non-operational streams contributed INR 4.73 crore to total income, supporting overall profitability alongside core product sales.

Stock Purchases and Operational Scaling

Revenue from operations was anchored by robust procurement of stock-in-trade totaling INR 402.02 crore, supported by inventory adjustments of INR -5.17 crore.

Other Income Contribution

Non-operating sources contributed INR 4.73 crore during the quarter, augmenting total consolidated income to INR 461.69 crore.

What drove margins

Inventory Movement

Changes in inventories of stock-in-trade yielded a positive impact of INR 5.17 crore, easing cost pressures from goods purchases.

Fixed Cost Controls

Depreciation and finance costs remained minimal at INR 1.94 crore and INR 0.38 crore respectively, helping preserve operating profitability.

Cost of Stock-in-Trade

Purchases of stock-in-trade represent the dominant cost component at INR 402.02 crore, directly influencing gross margins alongside inventory valuation movements.

Operating Overhead Management

Employee benefit expenses were contained at INR 11.84 crore, while other expenses stood at INR 13.52 crore, reflecting disciplined corporate overheads.

05 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Single Reportable Segment

The Group operates primarily in a single reportable business segment, namely networking products and related services featuring security enhancements.

Single Reportable Segment

The group operates entirely within a single reportable business segment focused on networking products and related security features as per Ind AS 108.

06 · Strategy & new businesses

How the company is trying to change its growth mix

Subsidiary Integration

Consolidated financials incorporate the operational performance of subsidiary TeamF1 Networks Private Limited alongside parent operations.

07 · Reported developments

What changed operationally

Unmodified Auditor Review

Statutory auditors B S R & Co. LLP issued an unmodified review conclusion on both standalone and consolidated financial statements for Q1 FY27.

08 · Pressure points & risks

What is not going smoothly

Customs Royalty Demand

The parent company faces an ongoing customs adjudication demand of INR 6.11 crore regarding royalty payments made to D-Link Corporation, Taiwan, against which an appeal has been filed before CESTAT Mumbai following a voluntary ad-hoc payment of INR 1.00 crore.

Customs Adjudication Appeal

The company is currently contesting an Order-in-Original demand of INR 6.11 crore from the Commissioner of Customs (Adjudication), Mumbai, regarding royalty valuation, pending before CESTAT.

09 · Items worth noticing

The line items that can distort a quick read

Customs Adjudication Demand

Includes ongoing contestation of a INR 6.11 crore customs demand order issued on January 19, 2026, regarding royalty payments on third-party product imports.

Customs Adjudication Demand

The Commissioner of Customs issued a demand order for INR 6.11 crore (inclusive of differential duty, fines, and penalties) concerning royalty payments on third-party product sales, against which INR 1.00 crore was previously paid ad-hoc.

10 · Beyond the numbers

What changed beyond the numbers

Reported update

Statutory Filings

Unaudited financial results for standalone and consolidated scopes were reviewed by the Audit Committee and approved by the Board of Directors on August 1, 2026.

Reported update

Statutory Appeals and Compliance

The company filed an appeal before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in Mumbai on April 7, 2026, against the customs authority's adjudication order.

11 · Key Q&A

The quarter, answered directly

What does D-Link (India) do?

D-Link (India) Limited operates primarily in the networking products industry, offering a comprehensive suite of hardware and solutions that power corporate, enterprise, and home connectivity infrastructure.

What is the clearest takeaway from Q1 FY27?

For the first quarter of fiscal 2027 ended June 30, 2026, D-Link (India) Limited posted consolidated revenue from operations of INR 456.96 crore, accompanied by total income of INR 461.69 crore.

What drove revenue or demand?

Revenue operations are primarily driven by the trading of networking equipment procured from third-party vendors and parent entities, with purchases of stock-in-trade totaling INR 402.02 crore during the quarter.

What mattered most for margins or profitability?

Changes in inventories of stock-in-trade yielded a positive impact of INR 5.17 crore, easing cost pressures from goods purchases.

What changed operationally beyond the headline numbers?

Consolidated financials incorporate the operational performance of subsidiary TeamF1 Networks Private Limited alongside parent operations.

What are the main pressure points disclosed for the quarter?

The parent company faces an ongoing customs adjudication demand of INR 6.11 crore regarding royalty payments made to D-Link Corporation, Taiwan, against which an appeal has been filed before CESTAT Mumbai following a voluntary ad-hoc payment of INR 1.00 crore.

12 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

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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

  1. 01

    CESTAT Appeal Proceedings: Future updates regarding the customs adjudication demand appeal filed before CESTAT, Mumbai concerning royalty valuation on third-party imports.

  2. 02

    CESTAT Customs Appeal Proceedings: Track upcoming legal hearings and developments regarding the customs demand appeal filed by the parent company before CESTAT, Mumbai.

  3. 03

    Labour Code Implementation Reviews: Monitor ongoing regulatory updates and government clarifications concerning central and state rules under the New Labour Codes.

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