Fidel Softech's consolidated net profit declined 15.15% to ₹3.08 crore in the quarter ended June 2026, compared to ₹3.63 crore in the corresponding quarter of the previous year. According to reports from Business Standard, this profit decline occurred despite the company achieving significant revenue growth during the same period.
The company's sales rose dramatically by 127.94% to ₹37.93 crore in Q1 FY27, as reported by Business Standard. This substantial revenue increase represents a significant jump from ₹16.64 crore recorded in the corresponding quarter of the previous financial year, indicating strong business momentum despite the profit decline.
Operating profit margin (OPM) improved to 11.68% in the June 2026 quarter, up from 25.78% in the same quarter of the previous year, as reported by Business Standard. However, PBDT (Profit Before Depreciation and Tax) declined 3% to ₹4.74 crore from ₹4.90 crore in the corresponding quarter of the previous year. Similarly, PBT (Profit Before Tax) fell 12% to ₹4.27 crore compared to ₹4.84 crore in Q1 FY26.
According to the financial data reported by Business Standard, Fidel Softech's profit before tax decreased 12% to ₹4.27 crore in Q1 FY27, while net profit declined 15.15% to ₹3.08 crore compared to the same quarter of the previous financial year. The company's sales performance showed exceptional growth of 127.94% to ₹37.93 crore, demonstrating strong revenue expansion despite the profit decline.
