How did Atishay's revenue perform in Q1?

Revenue from operations was ₹13.52 crore, up 11% from ₹12.20 crore in Q1FY26.

Why did net profit fall so sharply?

Higher operating and employee expenses consumed the revenue growth, compressing margins from 13.5% net margin to near zero.

What is the significance of the new appointment?

Chunky Lalwani appointed as CS and compliance officer is a routine governance change that does not affect financials.

How does this quarter compare to the previous quarter (Mar 2026)?

In Mar 2026 quarter, sales were ₹10 crore and net profit ₹2 crore – Q1 shows higher sales but much lower profit.

Does the company have debt?

Debt-to-equity is 0.10, very low – so financial leverage is not an issue.

Earnings · IT - Software · Micro cap

Atishay's Q1 net profit drops to ₹11.94 lakhs from ₹164.90 lakhs

Revenue rises 11% to ₹13.52 crore, but operating and employee expenses erase margins; new company secretary appointed.

— 2 earlier stories on Atishay Ltd. →

ATISHAY By Tipsheet Editorial 16 Jul 2026 · 5:08 PM IST Verify on BSE · NSE

Mkt cap₹226 cr

P/E31.69×

ROE12.96%

Debt / eq.0.10

Div yld0.49%

₹11.94 lakhs Net profit in Q1FY27, down from ₹164.90 lakhs a year ago

What's new

Q1 net profit drops to ₹11.94 lakhs from ₹164.90 lakhs in Q1FY26
Revenue up 11% to ₹13.52 crore but costs outpace growth
Chunky Lalwani appointed company secretary and compliance officer

Why this matters

The margin compression is severe. Net profit fell by over 90% despite an 11% revenue increase, signalling that cost control is broken. With a market cap of ₹226 crore and trailing P/E of 31.7, any earnings miss hits valuations hard. The West Bengal health card order from June may help Q2, but Q1 shows no benefit yet.

What we're watching

Whether Q2 shows impact of the ₹11.16 cr health card order
Cost control measures – employee expenses are the main drag
Any guidance from management on margin recovery

The full read

Atishay's Q1FY27 numbers tell a story of top-line growth failing to translate into profit. Revenue inched up 11% to ₹13.52 crore, but net profit collapsed to ₹11.94 lakhs from ₹164.90 lakhs a year earlier. Operating and employee expenses are the culprits. The company had bagged an ₹11.16 crore order for health cards in June 2026 – too late to show in Q1. With a market cap of ₹226 crore and a trailing P/E of 31.7, the market was already pricing in modest growth. This quarter resets expectations. The appointment of a new company secretary is procedural. The focus must now be on Q2: whether the order pipeline and cost discipline can restore margins.

Questions answered

How did Atishay's revenue perform in Q1?: Revenue from operations was ₹13.52 crore, up 11% from ₹12.20 crore in Q1FY26.
Why did net profit fall so sharply?: Higher operating and employee expenses consumed the revenue growth, compressing margins from 13.5% net margin to near zero.
What is the significance of the new appointment?: Chunky Lalwani appointed as CS and compliance officer is a routine governance change that does not affect financials.
How does this quarter compare to the previous quarter (Mar 2026)?: In Mar 2026 quarter, sales were ₹10 crore and net profit ₹2 crore – Q1 shows higher sales but much lower profit.
Does the company have debt?: Debt-to-equity is 0.10, very low – so financial leverage is not an issue.

Mentioned: Chunky Lalwani · ₹11.16 cr health card order

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Atishay Ltd.

Software Services

₹189 cr

P/E 33.78×

Latest quarter · Jun 2026

Sales₹14 cr

Net profit₹0 cr

Op. margin+3.7%

EPS₹0.11

Strength & growth

Debt / equity0.10×

Current ratio4.63×

Sales CAGR+15.5%

EPS CAGR+6.6%

Story so far

All notes on ATISHAY →

16 Jul 2026 · 5:08 PM IST Atishay's Q1 net profit drops to ₹11.94 lakhs from ₹164.90 lakhs
1d ago Atishay lands first international AI order, from Myanmar
38d ago Atishay bags ₹11.16 cr order for 2.25 cr health cards