Workmates Core2Cloud Solution Limited reported a 34% year-on-year increase in revenue from operations to ₹143.82 Cr for FY26, compared to ₹107.65 Cr in the previous year. Profit After Tax (PAT) for the year rose by 16% to ₹15.92 Cr. The company announced a revenue target of ₹210 Cr for FY27, representing a growth of over 45% from FY26, driven by enterprise account expansion and investments in AI and cybersecurity practices.

Consolidated Financial Highlights

The company demonstrated strong operational performance with recurring revenue constituting 82.5% of total income at ₹118 Cr. Workmates ended the fiscal year with a robust balance sheet, holding cash and cash equivalents of ₹53.95 Cr and becoming debt-free.

Operational Efficiency

Operational efficiency improved significantly during the year. Billable utilisation rose to 84%, while debtor days reduced by 10 days to 62 days, indicating a faster collections cycle and improved cash conversion. The company expanded its headcount by 30% to 168 employees and grew its active enterprise client base to 316+. The top 20 accounts contributed 73% of the revenue.

Strategic Developments

Workmates successfully completed its Initial Public Offering (IPO) during the year, listing on the BSE SME platform. The proceeds were utilized to fully repay secured loans of ₹8.6 Cr and partially deploy working capital. The company was recognized as the AWS Consulting Partner of the Year 2025 and achieved AWS Premier Partner status.

FY2027 Outlook

Entering FY27, the company has a contracted recurring base of ₹79.59 Cr for H1, providing high revenue certainty. Entry Monthly Recurring Revenue (MRR) for FY27 stands at ₹13.25 Cr, a 35% increase compared to the March 2026 run-rate. Management stated that the current outlook based on contracted base and visible pipeline is ₹190 Cr, with a gap of approximately ₹20 Cr to be achieved through new business acquisition. Artificial intelligence is expected to be a meaningful contributor in FY27 and the primary growth engine from FY28 onwards.

Workmates Core2Cloud Solution Limited has notified the Bombay Stock Exchange of an upcoming Board of Directors meeting, scheduled for Thursday, May 14, 2026. The intimation was filed on May 09, 2026, by Whole Time Director & CFO Debasish Sarkar, in compliance with Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The Board meeting has been convened to transact the following key business items:

Regulatory Compliance

The intimation has been submitted pursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed companies to notify stock exchanges in advance of board meetings where financial results or other specified matters are to be considered. The notice was addressed to the Listing Compliance Department of the Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.

Company Details

Workmates Core2Cloud Solution Limited, formerly known as Workmates Core2Cloud Solution Private Limited, is incorporated under CIN L93090WB2018PLC228834 and is registered in Kolkata, West Bengal. The filing was digitally signed by Debasish Sarkar, Whole Time Director & CFO (DIN: 01044732), on behalf of the company.