💰 Financial Performance

Revenue Growth by Segment

The company operates primarily in the IT and training sector. Standalone revenue for H1 FY26 was INR 3.03 Lakhs, representing a 102% growth compared to INR 1.50 Lakhs in H1 FY25. However, Q2 FY26 revenue saw a sharp decline to INR 0.10 Lakhs from INR 2.93 Lakhs in Q1 FY26.

Geographic Revenue Split

Not disclosed in available documents, though operations are headquartered in Kolkata, West Bengal.

Profitability Margins

The company is currently loss-making. For H1 FY26, the total expenditure of INR 23.67 Lakhs significantly exceeded the total income of INR 3.03 Lakhs, resulting in a loss before tax of INR 20.63 Lakhs. The net loss for FY25 was INR 215.82 Lakhs.

EBITDA Margin

EBITDA remains negative as operating expenses (INR 23.67 Lakhs in H1 FY26) far outweigh revenue (INR 3.03 Lakhs). The operating cash flow before working capital changes for H1 FY26 was negative INR 16.17 Lakhs.

Credit Rating & Borrowing

Non-current borrowings increased significantly by 1,277% to INR 225.52 Lakhs as of September 30, 2025, compared to INR 16.37 Lakhs on March 31, 2025. Specific interest rates and credit ratings are not disclosed.

⚙️ Operational Drivers

Raw Materials

Not applicable as the company provides IT services and training. The primary operational cost is 'Other Expenses' which amounted to INR 16.58 Lakhs in H1 FY26 (70% of total expenditure).

Import Sources

Not applicable for IT training and software services.

Raw Material Costs

Not applicable; however, employee benefit expenses were INR 2.40 Lakhs in H1 FY26, accounting for 10.1% of total expenditure.

Manufacturing Efficiency

Not applicable for service-based operations.

Logistics & Distribution

Not applicable.

📈 Strategic Growth

Expected Growth Rate

Not disclosed in available documents

Growth Strategy

The company is undergoing a management transition following a Share Purchase Agreement (SPA) dated July 24, 2024, where new acquirers Shreeram Bagla and Rachna Suman Shaw took control. The strategy involves focusing on upskilling and reskilling programs in emerging technologies like AI, IoT, and Cloud Computing to enhance job prospects for participants.

Products & Services

IT training programs, software development, hardware manufacturing, cloud computing, cybersecurity, and AI-based services.

Brand Portfolio

LCC Infotech.

New Products/Services

Focus on new training modules for Artificial Intelligence and Internet of Things (IoT) to adapt to changing job roles.

🌍 External Factors

Industry Trends

The IT industry is shifting toward AI, cloud computing, and cybersecurity. The company is positioning itself to capture this by offering training programs that help employees adapt to these new technologies, which are now crucial for business operations.

Competitive Landscape

The company faces intense competition from larger IT training institutes and online ed-tech platforms.

Competitive Moat

The company's moat is limited; it relies on its long-standing presence in the Kolkata region (established 1985) and its transition to new management to revitalize its service offerings.

Macro Economic Sensitivity

Highly sensitive to Indian economic developments and government regulations regarding education and IT tax regimes.

Consumer Behavior

Increasing preference for digital and remote learning is forcing a shift in how training services are delivered.

Geopolitical Risks

Global demand-supply conditions for IT services and changes in international trade relations could impact software development exports.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with the Companies Act 2013 and SEBI (LODR) Regulations 2015. The company underwent a Secretarial Audit for the year ended March 31, 2025.

Taxation Policy Impact

Subject to Indian corporate tax laws and GST; tax expense for H1 FY26 was nil due to losses.

Legal Contingencies

The company notes potential impacts from litigation and labor negotiations in its cautionary statement, though specific pending case values are not detailed in the provided financial notes.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the company's ability to achieve a turnaround under new management given the extremely low revenue base and significant accumulated losses of INR 24.85 Cr.

Geographic Concentration Risk

Operations appear concentrated in West Bengal, with the registered and corporate offices both located in Kolkata.

Third Party Dependencies

Dependency on the new promoters (Shreeram Bagla and Rachna Suman Shaw) to provide capital and strategic direction following the July 2024 acquisition.

Technology Obsolescence Risk

High risk of technology obsolescence in training modules if not updated to include AI and latest software frameworks.

Credit & Counterparty Risk

Trade receivables stood at INR 13.72 Lakhs as of September 30, 2025, which is high relative to the H1 revenue of INR 3.03 Lakhs, suggesting potential collection delays.