News ArticleESDS Software Solution Reports ₹1209.46 Million Revenue in Q2 2026, Appoints New Chief Product Officer
Board schedules 21st AGM for November 30, 2026, and confirms no IPO fund utilization deviation for the quarter
ESDS Software Solution Limited announced its unaudited standalone and consolidated financial results for Q2 and half-year ended September 30, 2026, reporting revenues of ₹1209.46 million for the quarter. The company's board approved the appointment of Mr. Sushil Kadu as Chief Product Officer and scheduled the 21st AGM on November 30, 2026, via video conferencing.
ESDS Software Solution Limited
Financial Results
ESDS Software Solution Limited released its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, with revenues reaching ₹1209.46 million in Q2. The Board also appointed Mr. Sushil Kadu as Chief Product Officer and announced the 21st Annual General Meeting to be held via video conferencing on November 30, 2026.
The Board meeting held on November 2, 2026, approved the financial results reviewed by the Audit Committee and the statutory auditors, MSKC & Associates LLP, who issued an unmodified limited review report on the Q2 and half-year numbers.
For the quarter ended September 30, 2026, ESDS reported revenue from operations of ₹1209.46 million, with total expenses including employee benefits, finance costs, depreciation, and other expenses amounting to ₹930.05 million. The net profit after tax stood at ₹231.91 million.
The Board confirmed no deviation or variation in the utilization of IPO funds during the quarter ended September 30, 2026.
In governance updates, the Board appointed Mr. Sushil Kadu as Chief Product Officer effective November 2, 2026, and nominated M/s Sharma and Trivedi LLP as Secretarial Auditor for a five-year term subject to shareholder approval.
The company scheduled its 21st AGM for November 30, 2026, to be conducted through Video Conferencing / Other Audio-Visual Means in compliance with regulatory circulars.
Highlights
- Q2 2026 revenue: ₹1209.46 million
- Net profit after tax for Q2 2026: ₹231.91 million
- No deviation in IPO fund utilization for the quarter
- Appointment of Mr. Sushil Kadu as Chief Product Officer effective November 2, 2026
- 21st AGM scheduled for November 30, 2026, via virtual meeting
- MSKC & Associates LLP issued unmodified review report on financials
Key Data Snapshot
What happened
- ESDS Software Solution announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026.
- The Board approved these results following recommendation from the Audit Committee and limited review by MSKC & Associates LLP.
- No deviations were reported in the use of IPO funds during the quarter.
- The 21st Annual General Meeting is scheduled for November 30, 2026, to be held virtually.
- Mr. Sushil Kadu was appointed Chief Product Officer with effect from November 2, 2026.
- M/s Sharma and Trivedi LLP appointed as Secretarial Auditor for five years, subject to shareholder approval.
Key details
- Total revenue from operations for Q2 2026 stood at ₹1209.46 million.
- Expenses totaled ₹930.05 million comprising employee benefits, finance costs, depreciation and other expenses.
- The company recorded a net profit after tax of ₹231.91 million for the quarter.
- For the half year ending September 30, 2026, revenue was ₹2371.12 million and net profit ₹413.90 million.
- IPO fund utilization was fully compliant with no reported deviations for the quarter.
- The AGM will be conducted via Video Conferencing/OAVM in adherence to regulatory circulars.
Regulatory and governance context
- Financial results prepared in accordance with Indian Accounting Standard 34 (Ind AS 34).
- Results reviewed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Limited review conducted by MSKC & Associates LLP, with an unmodified opinion.
- Appointment of Secretarial Auditor subject to approval of shareholders at AGM.
- Compliance with Ministry of Corporate Affairs and SEBI circulars for virtual AGM conduction.
Highlights
- Q2 2026 revenue: ₹1209.46 million
- Net profit after tax for Q2 2026: ₹231.91 million
- No deviation in IPO fund utilization for the quarter
- Appointment of Mr. Sushil Kadu as Chief Product Officer effective November 2, 2026
- 21st AGM scheduled for November 30, 2026, via virtual meeting
- MSKC & Associates LLP issued unmodified review report on financials
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Indian Accounting Standard 34 ('Interim Financial Reporting')
- Companies Act, 2013
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