💰 Financial Performance

Revenue Growth by Segment

Total revenue for the half-year ended September 30, 2025, reached INR 1,090.68 Lakhs, representing a 130.15% growth compared to INR 473.89 Lakhs in the previous year's half-year. For FY 2024-25, total income was INR 476.33 Lakhs, a 34.22% decline from INR 724.15 Lakhs in FY 2023-24. The company operates in a single segment: Software and Consultancy services.

Profitability Margins

Net Profit Ratio improved significantly to 28.65% in FY 2024-25 from 15.25% in FY 2023-24, driven by increased turnover and reduced interest expenses. Operating Profit Ratio rose to 47.08% from 33.85% YoY. For the half-year ended September 2025, Net Profit was INR 389.04 Lakhs, a massive increase from INR 10.85 Lakhs in the prior year period.

EBITDA Margin

Operating profit before working capital changes for the half-year ended September 30, 2025, was INR 726.74 Lakhs, representing a 66.63% margin on total revenue, up from 29.67% (INR 140.61 Lakhs) in the previous year's half-year.

Capital Expenditure

Depreciation and amortization expenses were INR 199.38 Lakhs for the half-year ended September 2025, compared to INR 34.60 Lakhs in the previous period, indicating significant recent investment in fixed assets or software tools.

Credit Rating & Borrowing

The Debt-Equity Ratio improved to 0.13 in FY 2024-25 from 1.12 in FY 2023-24 due to principal repayment. Interest Coverage Ratio surged to 1951.54 from 386.45, indicating extremely high capacity to service debt.

⚙️ Operational Drivers

Raw Materials

As a service-based consultancy, primary costs are Employee Benefit Expenses (INR 183.55 Lakhs for HY 2025, 16.8% of revenue) and Cost of Operations (INR 63.17 Lakhs, 5.8% of revenue).

Import Sources

Not applicable for software and consultancy services.

Capacity Expansion

The company employed 21 individuals as of March 31, 2025. Growth is driven by human capital and 'career-enhancement opportunities' rather than physical manufacturing capacity.

Raw Material Costs

Operating costs decreased as a percentage of revenue in FY 2024-25, contributing to the operating profit ratio increasing from 33.85% to 47.08%.

Manufacturing Efficiency

Not applicable; however, the company notes that turnover increased while operating expenses were down in FY 2024-25, indicating improved service delivery efficiency.

Logistics & Distribution

Not applicable for consultancy services.

📈 Strategic Growth

Expected Growth Rate

130.15%

Growth Strategy

The company is leveraging the 'Digital India' initiative to drive demand for discount brokerage and FinTech solutions. Strategy includes positioning as an expert in digital transformation for other businesses and expanding into the insurtech sector. Growth is also supported by a significant increase in Net-worth from INR 702.23 Lakhs to INR 4,912.64 Lakhs (up 599.5%) via equity issuance to fund expansion.

Products & Services

Financial Consultancy, Management Consultancy, Business Consultancy, and Software Development/Consultancy Services.

Brand Portfolio

GACM Technologies Limited, Gayiadi Fintech Private Limited (Subsidiary).

New Products/Services

Focusing on AI-based technologies and innovative FinTech solutions to attract new revenue streams; specific contribution percentages not disclosed.

Market Expansion

Targeting the 'vast and diverse' Indian financial and software consultancy industry, specifically focusing on increasing finance penetration through AI.

Strategic Alliances

Maintains a subsidiary, Gayiadi Fintech Private Limited, to bolster its fintech offerings.

🌍 External Factors

Industry Trends

The industry is evolving through AI-based technologies and increased financial penetration. The consultancy field is growing due to digital transformation efforts across multiple sectors, with the company positioning itself as a navigator for these transitions.

Competitive Landscape

Faces 'normal business challenges of market competition' in software and financial consulting, requiring continuous differentiation.

Competitive Moat

Competitive advantage is built on a 'zero-tolerance policy towards fraud' and a strong internal control framework. Sustainability is linked to intellectual capital and a pool of experienced employees, though the company faces high competition in a crowded marketplace.

Macro Economic Sensitivity

Highly sensitive to government digitalization projects like 'Digital India' and overall financial literacy rates in the Indian population.

Consumer Behavior

Increasing reliance on technology in the financial sector (FinTech) is shifting consumer demand toward digital-first brokerage and consultancy services.

⚖️ Regulatory & Governance

Industry Regulations

Adheres to SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Indian Accounting Standard 34 (Ind AS 34), and Section 133 of the Companies Act, 2013.

Taxation Policy Impact

Effective tax rate for the half-year ended September 2025 was approximately 34.4% (Tax of INR 204.34 Lakhs on PBT of INR 593.38 Lakhs).

⚠️ Risk Analysis

Key Uncertainties

Fraud risks (loan fraud, identity theft, cyber fraud) pose financial and reputational threats. Regulatory risk involves potential monetary losses from non-compliance with evolving SEBI/Companies Act rules.

Geographic Concentration Risk

Not disclosed; operations are headquartered in Hyderabad.

Third Party Dependencies

High dependency on a 'small number of clients' is explicitly cited as a risk to financial stability.

Technology Obsolescence Risk

High risk due to the 'fast-paced nature of the software industry' which requires constant updates to remain competitive.

Credit & Counterparty Risk

Receivables quality not explicitly detailed, but the company notes 'Current assets are increased' as a reason for an improved current ratio of 5.03.