Workmates sticks to ₹210 cr FY27 target, says MRR jumped 35% in a quarter

Tipsheet Editorial — Mon, 25 May 2026 18:31:27 GMT

The cloud provider guided for ₹24-25 cr profit on a 45% revenue jump. Its monthly recurring revenue base grew to ₹13.5 cr.

What’s new

Management reiterated the ₹210 cr revenue target for FY27, a 45% year-on-year increase.
Monthly recurring revenue opened the quarter at ₹13.5 cr, up 35% sequentially.
AI and cybersecurity services are expected to contribute 5% of revenue this fiscal year.

Why it matters

Workmates is guiding for aggressive top-line and profit growth while its core subscription revenue base is also expanding rapidly. The 35% sequential jump in MRR suggests new client wins or expansion, which is the engine that would fund the ₹24-25 cr profit target. The margin recovery plan hinges on improving the services mix and utilisation.

What we’re watching

Whether quarterly MRR growth sustains or if the ₹13.5 cr figure was a one-off jump.
Execution on the margin plan, specifically the services mix shift and utilisation rates.
Progress toward the 5% revenue target from new AI and cybersecurity services.

The full read

Workmates Core2Cloud is guiding for ₹210 crore in FY27 revenue, a 45% jump, and ₹24-25 crore in net profit. But the more telling number in the earnings call is the 35% sequential increase in monthly recurring revenue to ₹13.5 crore. That's the subscription base that has to compound to fund the top-line and profit ambitions. Management's margin plan rests on shifting the services mix, lifting utilisation, and tapping the new hires. The company is also planting a flag in AI and cybersecurity, which it expects to reach 5% of revenue this year. The guidance itself was already out. The new detail is the MRR trajectory and the cost-structure commentary, which give a clearer view on whether the growth is internally funded or reliant on the new hires.

Primary source: BSE · NSE

Workmates targets ₹210 cr revenue in FY27, sees 45%+ growth

Tipsheet Editorial — Wed, 20 May 2026 19:01:00 GMT

Concall adds granularity on margin drivers, AI strategy, and competitive positioning. Opening MRR stands at ₹13.5 cr.

What’s new

FY27 revenue guidance of ₹210 cr, implying 45%+ growth
PAT guidance of ₹24-25 cr for FY27
Opening MRR of ₹13.5 cr revealed

Why it matters

The concall provides a sharper execution roadmap for believers, with specific targets that build on prior disclosures. Margins and AI monetization will be key to converting these projections into reality.

What we’re watching

Quarterly progress toward the ₹210 cr revenue target
Margin trajectory given the PAT guidance of ₹24-25 cr
Updates on AI integration and competitive positioning

The full read

Workmates Core2Cloud laid out a detailed FY27 roadmap on its concall, targeting ₹210 crore in revenue — a 45%+ jump from current levels. PAT is guided at ₹24-25 crore, with opening MRR of ₹13.5 crore providing a solid base. Management added color on margin drivers, AI strategy, and competitive positioning, offering investors a clearer narrative to track. The concall builds on prior disclosures; the key now is execution against these targets.

Primary source: BSE · NSE

Workmates Core2Cloud Solution Ltd. (WORKMATES) — Tipsheet

Workmates sticks to ₹210 cr FY27 target, says MRR jumped 35% in a quarter

What’s new

Why it matters

What we’re watching

The full read

Workmates targets ₹210 cr revenue in FY27, sees 45%+ growth

What’s new

Why it matters

What we’re watching

The full read