Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 217 | +88.7% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 29.0 | −3.0 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 47.0 | +88.0% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | +1.6 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -1.77 | +34.6 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −43.8 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Guidance
5 targets tracked, none judged yet · 5 open · verdicts reflect calls analysed to Q2 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Consolidated Revenue | >INR 350 crores by next financial year (FY27) | Q2 FY26 | projecting the overall revenue growth, which will cross more than 400 INR350 crores by next financial year | New |
5 of Sahana System Limited's 5 targets are still open. See which are on track and which have gone quiet. The 1 above are the free sample; 4 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹1,052.55 on 24 Oct 2025 → ₹873.2. High ₹1,198.75 (13 Nov 2025), low ₹706.25 (13 Jan 2026).
Overview
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
5 targets tracked, none judged yet · 5 open · verdicts reflect calls analysed to Q2 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Consolidated Revenue | >INR 350 crores by next financial year (FY27) | Q2 FY26 | projecting the overall revenue growth, which will cross more than 400 INR350 crores by next financial year | New |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 5 tracked commitments, with each call’s wording and source.
Call summaries
Sahana Systems Q2 FY26
Sahana Systems reported strong H1 FY26 consolidated financials with INR 114 crores in revenue, 33% EBITDA, and 24% PAT. The company highlighted significant project wins in defense and government sectors, alongside successful customer acquisition and patent awards. Management provided long-term revenue targets, but clarity on potential revisions and specific order book quantification remained a point of discussion.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 4 fiscal years held (Mar 2023 to Mar 2026).
Financials
Net profit, year on year: +88% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2022 | Mar 2023 | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 7 | 17 | 24 | 45 | 53 | 115 | 114 | 217 |
| Expenses | 5 | 9 | 18 | 28 | 33 | 78 | 76 | 155 |
| Operating profit | 2 | 8 | 6 | 17 | 20 | 36 | 38 | 62 |
| Operating margin | 30.0% | 44.0% | 26.0% | 38.0% | 38.0% | 32.0% | 33.0% | 29.0% |
| Other income | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 4 |
| Profit before tax | 2 | 7 | 6 | 17 | 19 | 37 | 38 | 61 |
| Tax rate | 0.0% | 38.0% | 25.0% | 20.0% | 27.0% | 31.0% | 26.0% | 22.0% |
| Net profit | 2 | 4 | 5 | 14 | 14 | 25 | 28 | 47 |
| EPS (₹ per share) | 2.62 | 6.13 | 4.43 | 13.42 | 13.48 | 33.46 | 26.10 | 40.69 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 3 | 6 | 8 | 9 | 9 | 9 |
| Reserves | 1 | 5 | 48 | 167 | 193 | 243 |
| Borrowings | 5 | 5 | 13 | 12 | 14 | 18 |
| Other liabilities | 5 | 9 | 27 | 60 | 71 | 116 |
| Total liabilities | 14 | 24 | 96 | 248 | 287 | 386 |
| Fixed assets | 0 | 0 | 13 | 37 | 51 | 58 |
| Capital work in progress | 1 | 1 | 14 | 17 | 2 | 36 |
| Investments | 0 | 0 | 8 | 21 | 18 | 19 |
| Other assets | 13 | 23 | 61 | 173 | 217 | 273 |
| Total assets | 14 | 24 | 96 | 248 | 287 | 386 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from operations | 1 | 34 | -48 | 41 |
| Cash from investing | 0 | -22 | -35 | -71 |
| Cash from financing | -3 | 13 | 78 | 25 |
| Net cash flow | -2 | 26 | -4 | -5 |
| Free cash flow | 1 | 20 | -60 | -6 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 17 | 63 | 109 | 106 | 193 | 107 |
| Inventory days | 14836 | 101 | — | — | — | — |
| Days payable | 129 | 51 | — | — | — | — |
| Cash conversion cycle | 14724 | 113 | 109 | 106 | 193 | 107 |
| Working capital days | -56 | -2 | 144 | -27 | 186 | 149 |
| Return on capital employed | 11.0% | — | — | 55.0% | 42.0% | 40.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 3.0% |
Ownership
Promoters hold 57.31% as of Sept 2026; institutions cut 0.20 pts since Aug 2026.
Named in the Sep 2026 filing
Every holder of Sahana System Limited above SEBI's 1% disclosure line, and what changed since Aug 2026.
| Holder | Stake | Change |
|---|---|---|
| 49.95% | unchanged | |
| 6.15% | unchanged | |
| 3.73% | unchanged | |
| 2.88% | unchanged | |
| 2.68% | unchanged | |
| 0.76% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
Free account: one company. Everything above stays public.
Write why you follow Sahana System Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
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