PS IT Infrastructure & Services reported a sharp decline in standalone operating revenue for the first quarter of FY27, driven by lower business activity compared to the prior year. The company published its financial results on August 17, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Revenue from operations fell 74.77% year-on-year to ₹16.43 lakh in Q1FY27, down from ₹64.33 lakh in Q1FY25. Despite the steep drop in topline growth, the company managed to post a net profit after tax and exceptional items of ₹0.94 lakh for the quarter. This represents a significant improvement over the ₹94.31 lakh net loss recorded in the same period last year.

The profit before tax stood at ₹0.94 lakh, indicating no tax provision was charged for the quarter. Total comprehensive income also registered at ₹0.94 lakh, matching the bottom-line figure.

What the Numbers Show

The divergence between the severe revenue contraction and the return to profitability suggests a structural shift in cost management or revenue mix during the quarter. While top-line inflows dropped by nearly three-quarters, the company avoided the substantial losses seen in the prior year, narrowing the gap between revenue and expenses significantly. This indicates that fixed costs may have been reduced or optimized relative to the lower revenue base, allowing the firm to break even despite minimal operational scale.

Shareholder Returns

The company maintained its issued equity share capital at ₹5,376.00 lakh, with no change from the previous quarter or fiscal year end. No dividend was declared for the quarter, as indicated by the nil figures for both basic and diluted earnings per share regarding dividend payouts.

The Committee of Creditors (CoC) for PS IT Infrastructure & Services Limited accepted the resignation of Mr. Rajesh Baliram Patole from the position of Chief Financial Officer (CFO) on June 4, 2026. The resignation, effective from May 23, 2026, was attributed to the initiation of the Corporate Insolvency Resolution Process (CIRP) and personal reasons. The decision was taken during the second meeting of the CoC held on June 4, 2026, under the provisions of the Insolvency and Bankruptcy Code (IBC), 2016.

The meeting, overseen by Mr. Rajneesh Kumar Aggarwal, the Interim Resolution Professional and Resolution Professional, commenced at 3:30 PM and concluded at 3:48 PM. The disclosure regarding the resignation was submitted to BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The case is registered under case number (IB)/1232(MB) 2025.

Key Disclosures on CFO Resignation