What’s new

• Revenue fell 27.7% to ₹45.08 crore in FY26 from ₹62.37 crore.
• Net profit more than doubled to ₹5.39 crore on better margins and higher other income.
• EPS rose to ₹5.29 from ₹2.87; the auditor gave an unmodified opinion.

Why it matters

The profit surge is a mirage unless the revenue decline is explained. Cost cuts and one-off income can boost earnings for a quarter or a year, but a shrinking core business with no stated reason is a red flag. The divergence between falling revenue and rising profit is the key question.

What we’re watching

• Whether the revenue drop is a one-time event or a structural shift.
• How sustainable margins are if other income normalizes.
• Management commentary on the cause of the 28% revenue shrinkage.

The full read

Alphalogic's profit doubled. Its core business shrank by more than a quarter. Revenue fell 27.7% to ₹45.08 crore in FY26 from ₹62.37 crore. Net profit jumped to ₹5.39 crore from ₹2.93 crore. EPS moved to ₹5.29 from ₹2.87. The audit opinion is clean. The gap between those two trends is the story. Cost control and higher other income drove the bottom line. A business can cut its way to higher profits for a while. A shrinking top line with no stated reason is not a strategy. It is a symptom. The open question is whether this is a one-year event or the new normal.

Primary source: BSE · NSE