RSYSTEMSR Systems International Ltd.
R Systems International Q2 FY27 Results: Consolidated Net Profit ₹64.18 Crore on Total Income of ₹618 Crore
- Earnings
- IT services
Reviewed byKeshav SehgalBlacklitt Research
R Systems International (NSE: RSYSTEMS) reported consolidated total income of ₹617.78 crore and net profit of ₹64.18 crore for the quarter ended 30 Sep 2026, and standalone total income of ₹361.18 crore and net profit of ₹51.53 crore, it said in a filing on 03 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹617.78 crore, up 23.5% YoY and 2.4% QoQ
- Net profit and EPS: ₹64.18 crore, up 81.6% YoY; basic EPS ₹5.42
- Finance costs: ₹9.58 crore, up 157.3% YoY from ₹3.72 crore
Standalone
The company on its own, without its subsidiaries
- Total income: ₹361.18 crore, up 1.1% YoY and 5.1% QoQ
- Net profit and EPS: ₹51.53 crore, down 29.6% YoY; basic EPS ₹4.35
- Other income: ₹13.49 crore, down 63.7% YoY, including ₹11.00 crore dividend from subsidiaries
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 617.78 | 500.36 | +23.5% | 603.07 | +2.4% | |
| Revenue from operations | 615.20 | 498.62 | +23.4% | 601.70 | +2.2% |
| Other income | 2.58 | 1.74 | +48.3% | 1.37 | +88.6% |
| 64.18 | 35.34 | +81.6% | 55.57 | +15.5% | |
| Profit before tax | 88.05 | 53.49 | +64.6% | 80.51 | +9.4% |
| Finance costs | 9.58 | 3.72 | +157.3% | 9.48 | +1.1% |
| Depreciation | 22.92 | 16.61 | +38.0% | 22.04 | +4.0% |
| Tax expense | 23.87 | 18.14 | +31.6% | 24.94 | -4.3% |
| Net profit margin | 10.39% | 7.06% | +3.33 pp | 9.21% | +1.17 pp |
| EPS, basic (₹) | 5.42 | 2.99 | +81.3% | 4.69 | +15.6% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew faster than income. Consolidated net profit rose 81.6% YoY to ₹64.18 crore, while total income rose 23.5% and profit before tax rose 64.6% to ₹88.05 crore.
Tax expense of ₹23.87 crore is 27.1% of profit before tax, against ₹18.14 crore on ₹53.49 crore a year earlier. Other income of ₹2.58 crore is 0.4% of total income and 2.9% of profit before tax.
Finance costs are small against income but have risen sharply: ₹9.58 crore, or 1.6% of total income, against ₹3.72 crore a year before. The notes list the Novigo Solutions group among the entities in the consolidated figures, consolidated from 13 Nov 2025. The ₹245.83 million New Labour Codes charge is recorded in the year ended 31 Dec 2025, not in this quarter.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 361.18 | 357.34 | +1.1% | 343.79 | +5.1% | |
| Revenue from operations | 347.69 | 320.22 | +8.6% | 342.54 | +1.5% |
| Other income | 13.49 | 37.13 | -63.7% | 1.25 | +976.2% |
| 51.53 | 73.18 | -29.6% | 35.81 | +43.9% | |
| Profit before tax | 66.40 | 87.93 | -24.5% | 51.49 | +28.9% |
| Finance costs | 9.12 | 3.62 | +152.0% | 9.09 | +0.3% |
| Depreciation | 14.78 | 12.75 | +15.9% | 13.83 | +6.9% |
| Tax expense | 14.86 | 14.74 | +0.8% | 15.68 | -5.2% |
| Net profit margin | 14.27% | 20.48% | -6.21 pp | 10.42% | +3.85 pp |
| EPS, basic (₹) | 4.35 | 6.18 | -29.6% | 3.02 | +44.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone profit fell while income rose. Total income rose 1.1% to ₹361.18 crore, but net profit fell 29.6% to ₹51.53 crore from ₹73.18 crore, and profit before tax fell 24.5% to ₹66.40 crore.
Other income of ₹13.49 crore, down 63.7% from ₹37.13 crore a year earlier, includes dividend income from subsidiaries of ₹11.00 crore in the quarter; that dividend is 81.5% of the line. Excluding it, other income is ₹2.49 crore, while revenue from operations rose 8.6% to ₹347.69 crore.
Standalone finance costs rose 152.0% to ₹9.12 crore, and tax expense of ₹14.86 crore is 22.4% of profit before tax. Against the previous quarter, standalone net profit rose 43.9% from ₹35.81 crore.
Inference
The board declared a second interim dividend for 2026 of ₹8 per equity share of ₹1 face value, aggregating ₹94.80 crore, on 25 Sep 2026, and the company paid it on 16 Oct 2026. The dividend on the OCRPS at a fixed 0.0001% of face value, aggregating ₹5.16, was paid on 8 Oct 2026.
Consolidated net worth stood at ₹1,077.91 crore and standalone net worth at ₹897.74 crore at 30 Sep 2026. The company has ₹275 crore of 9.75% unsecured non-convertible debentures allotted on 11 Nov 2025, and the filing says security cover is not applicable because they are unsecured. The Board has approved a Postal Ballot Notice seeking shareholder approval for remuneration to Nitesh Bansal, Managing Director and CEO.
The filing does not give the reason for the rise in finance costs or the fall in standalone other income, the amount or terms of the proposed remuneration, or the effect of the OCRPS allotment on future shareholder returns.
Filed with BSE on . Reference: Original filing (PDF)
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