Smartlink Holdings LimitedQ2 FY27 Results & Financial Update
Smartlink Holdings Limited: Q2 FY27 consolidated results and company financials – revenue ₹80.37 Cr, PAT ₹4.05 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Smartlink Holdings 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
Smartlink Holdings posted consolidated revenue from operations of INR 80.37 crore for the quarter ended September 30, 2026, marking a robust expansion compared to INR 65.27 crore in the preceding quarter ended June 30, 2026.
Total consolidated income for Q2 FY27 reached INR 82.84 crore, bolstered by other income of INR 2.47 crore, which compares with total income of INR 69.41 crore reported in the first quarter of fiscal 2027.
Profit before tax (PBT) for the quarter stood at INR 5.47 crore, reflecting a sequential moderation from INR 7.44 crore in Q1 FY27 despite higher top-line performance, driven by shifts in inventory adjustments and cost components.
Consolidated net profit (PAT) for the September 2026 quarter was recorded at INR 4.05 crore, compared to INR 5.61 crore in the previous quarter, resulting in basic and diluted earnings per share of INR 4.06.
Total tax expense for the period settled at INR 1.42 crore, consisting of INR 1.58 crore in current tax offset by a deferred tax credit of INR 0.33 crore.
The company continues to operate within a single primary segment dedicated to Networking and IT Products, maintaining focused execution across its manufacturing and distribution footprint.
Smartlink Holdings Limited posted consolidated revenue from operations of INR 80.37 crore for the quarter ended September 30, 2026, marking a notable sequential expansion from the preceding quarter ended June 30, 2026.
Total consolidated income for Q2 FY27 stood at INR 82.84 crore, supported by other income of INR 2.47 crore which included interest income of INR 2.41 crore.
01 · Business model
What does Smartlink Holdings do?
Smartlink Holdings Limited operates primarily in the networking and IT hardware industry, designing, manufacturing, and marketing active and passive networking products through its operations and its wholly-owned subsidiary, Digisol Systems Limited.
The company's product portfolio addresses enterprise and consumer connectivity requirements, including structured cabling systems, fiber-optic solutions, switching equipment, and wireless networking accessories.
Manufacturing activities are anchored at its facility located in Verna Industrial Estate, Goa, supporting local assembly, quality control, and distribution across domestic technology channels.
The corporate and operational structure combines direct manufacturing operations with treasury investments and rental assets to generate consolidated revenue streams.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹80.37 Cr | ₹65.27 Cr |
| Total income | ₹82.84 Cr | ₹69.41 Cr |
| Profit before tax | ₹5.47 Cr | ₹7.44 Cr |
| Profit after tax | ₹4.05 Cr | ₹5.61 Cr |
| EPS | ₹4.06 | ₹5.62 |
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Consolidated revenue from operations advanced to INR 80.37 crore in Q2 FY27 from INR 65.27 crore in Q1 FY27, reflecting stronger sequential order execution and product demand.
Total income was supplemented by INR 2.47 crore of other income during the quarter, contributing to aggregate consolidated income of INR 82.84 crore.
Consolidated revenue from operations advanced to INR 80.37 crore in Q2 FY27, reflecting higher sequential demand across the networking and IT hardware product portfolio.
Total income reached INR 2.84 crore higher than pure operations due to INR 2.47 crore of other income, which featured robust interest income of INR 2.41 crore.
What drove margins
Material consumed stood at INR 35.49 crore alongside purchases of stock-in-trade amounting to INR 35.92 crore, reflecting direct procurement outlays supporting production and trading lines.
Changes in inventories of finished goods, work-in-progress, and stock-in-trade registered a negative adjustment of INR 6.53 crore during the quarter, indicating a drawdown of stocked goods.
Employee benefit expenses were recorded at INR 6.84 crore, while other expenses aggregated to INR 4.42 crore for the quarter.
Total expenses of INR 61.97 crore for the quarter were driven by cost of materials consumed at INR 22.77 crore and purchase of stock-in-trade at INR 27.53 crore.
Employee benefit expenses stood at INR 6.84 crore, while other expenses aggregated to INR 4.37 crore during the quarter.
04 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates entirely within one primary segment, namely Networking and IT Products, encompassing both standalone operations and its subsidiary Digisol Systems Limited.
The group operates in one primary business segment specifically covering Networking and IT Products as confirmed in the financial disclosures.
05 · Strategy & new businesses
How the company is trying to change its growth mix
Digisol Systems Limited continues to function as the wholly-owned operating subsidiary, driving marketing and distribution for the group's networking portfolio.
06 · Reported developments
What changed operationally
Quarterly operating revenue improved sequentially to INR 80.37 crore, demonstrating stronger business velocity in Q2 FY27 compared to Q1 FY27.
Consolidated revenue from operations expanded significantly on a quarter-on-quarter basis to reach INR 80.37 crore.
07 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Current assets as of September 30, 2026, included inventories of INR 59.70 crore and trade receivables of INR 69.60 crore, balanced against current liabilities including short-term borrowings of INR 2.45 crore and trade payables of INR 57.59 crore.
For the half year ended September 30, 2026, the consolidated cash flow statement reflects net cash used in operating activities of INR 14.84 crore, net cash generated from investing activities of INR 15.73 crore, and net cash used in financing activities of INR 0.15 crore.
Capital allocation & funding
Consolidated balance sheet figures show short-term borrowings of INR 2.45 crore as of September 30, 2026, alongside lease liabilities of INR 1.28 crore in non-current liabilities and INR 0.97 crore in current liabilities.
Consolidated current financial liabilities as at September 30, 2026, included short-term borrowings of INR 2.45 crore.
08 · Beyond the numbers
What changed beyond the numbers
Reported update
Statutory Review
The unaudited consolidated financial results for the quarter ended September 30, 2026, were reviewed by the audit committee and approved by the board of directors at the meeting held on October 28, 2026, with an unmodified review report issued by statutory auditors MSKA & Associates LLP.
09 · Previous-quarter changes
What changed since the previous quarter
Operating revenue increased from INR 65.27 crore in Q1 FY27 to INR 80.37 crore in Q2 FY27, while PAT moved from INR 5.61 crore to INR 4.05 crore over the same period.
10 · Key Q&A
The quarter, answered directly
What does Smartlink Holdings do?
Smartlink Holdings Limited operates primarily in the networking and IT hardware industry, designing, manufacturing, and marketing active and passive networking products through its operations and its wholly-owned subsidiary, Digisol Systems Limited.
What is the clearest takeaway from Q2 FY27?
Smartlink Holdings posted consolidated revenue from operations of INR 80.37 crore for the quarter ended September 30, 2026, marking a robust expansion compared to INR 65.27 crore in the preceding quarter ended June 30, 2026.
What drove revenue or demand?
Consolidated revenue from operations advanced to INR 80.37 crore in Q2 FY27 from INR 65.27 crore in Q1 FY27, reflecting stronger sequential order execution and product demand.
What mattered most for margins or profitability?
Material consumed stood at INR 35.49 crore alongside purchases of stock-in-trade amounting to INR 35.92 crore, reflecting direct procurement outlays supporting production and trading lines.
What changed operationally beyond the headline numbers?
Digisol Systems Limited continues to function as the wholly-owned operating subsidiary, driving marketing and distribution for the group's networking portfolio.
What should the next disclosure help confirm?
Monitor subsequent quarterly releases for trends in operating margins, inventory turns, and working capital efficiency within the Networking and IT Products segment.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Operational Performance: Monitor subsequent quarterly releases for trends in operating margins, inventory turns, and working capital efficiency within the Networking and IT Products segment.
- 02
Subsequent Quarterly Disclosures: Track the financial performance and operational metrics in the upcoming Q3 FY27 financial results filing.
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