ROX Hi-Tech Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 11 Aug 2026 | IT - Services | Market Cap: ₹109 Cr

ROX Hi-Tech is targeting a topline of Rs. ROX Hi-Tech is pursuing revenue growth, targeting Rs.

From ROX Hi-Tech Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

53.8

Market Cap

₹109 Cr

P/E Ratio

6.2

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📊 Revenue & Sales Performance

  • ROX Hi-Tech is targeting a topline of Rs. 220 crore for FY'26 and is on track to meet this guidance.
  • The company aims to reach Rs. 250 crore in revenue in the next 18 to 24 months, which is aligned with plans to move from SME to main board listing.
  • Management is bullish about doubling their consulting capacity in the next two years based on business outlook and overall demand.
  • Growing demand in digital transformation, AI-led automation, cloud adoption, and cybersecurity sectors are expected to drive volume and revenue growth.
  • Expansion into global markets through subsidiaries in Singapore, Denmark, USA, and Mauritius is seen as a key growth lever, with anticipated international revenues starting in the next financial year.
  • The company expects increased customer adoption of AI in manufacturing, BFSI, and other sectors to support future sales growth.

📈 Profitability & Margins

  • ROX Hi-Tech is pursuing revenue growth, targeting Rs. 220 crore topline for FY'26 and Rs. 250 crore in revenue within 18-24 months.
  • The company expects continued steady and profitable growth, having delivered Rs. 10.48 crore net profit in H1 FY'26 with 15.05% EBITDA margin.
  • Management is bullish on digital transformation, AI-led automation, cloud adoption, and cybersecurity as key growth drivers.
  • Efforts to scale through regional/global expansion (Singapore, Denmark, USA, Mauritius) are expected to contribute revenue and improve operational efficiency.
  • Operational cost efficiency is improving with in-house capabilities reducing external consultant costs.
  • Employee additions and ongoing investments in talent and certifications are aimed at supporting growth momentum.
  • Margins are expected to be in line or improve slightly from the 14.2% H1 margin, assuming stable macro conditions.
  • Plans to move from SME to main board listing are linked to achieving revenue milestones (~Rs. 250 crore).

🏗️ Capital Expenditure Plans

  • ROX Hi-Tech is investing in expanding and upskilling its workforce, including building a team of 22 consultants and operating NOC and SOC centers.
  • The company aims to double its capacities in the next two years, reflecting strategic investment in talent and infrastructure.
  • They are exploring partnerships, particularly with cybersecurity vendors from Israel, signaling capital allocation toward niche technology areas.
  • Investments are also underway in building capabilities in emerging fields like AI, cyber security (including drone and campus-level aerial security), digital transformation, and IBM Power BS technology.
  • The company is emphasizing building frameworks within the organization to improve execution efficiency and reduce costs.
  • Overseas subsidiaries in Singapore, Denmark, USA, and Mauritius have incurred one-time statutory costs related to establishing operations, indicating strategic international expansion investments.
  • Future capital requirements may arise as the company plans to scale its global footprint and increase client-facing teams, potentially requiring investor funding.

💰 Fundraising & Capital Structure

  • Currently, ROX Hi-Tech Ltd. does not expect a significant increase in borrowings going forward as they have good cash flow and do not owe much.
  • However, for complex projects, the company may use invoice factoring or discounting facilities, which are short-term financing options.
  • The management indicated that for scaling the business and improving execution efficiency, they will require more capital in the future.
  • There is a possibility of coming to investors for additional funding once the scaling plans are in place, implying future fundraising through equity could be considered.
  • No specific timelines or amounts for new debt or equity fundraisers were disclosed in the call.

📋 Order Book & Pipeline

  • As of the H1 FY'26 update, ROX Hi-Tech has an order book/opportunity pipeline worth approximately Rs. 150 crores.
  • Out of this, Rs. 110 crores worth of orders have been executed in H1.
  • The company expects strong order book execution to continue into H2.
  • Multiple milestone-based projects are currently in progress, with expected closures in H2 FY'26.
  • The management expressed confidence in reaching their revenue guidance of Rs. 220-250 crore for FY'26.
  • Engagements related to international subsidiaries are expected to start contributing from the next financial year.
  • The focus remains on increasing execution efficiency and scaling operations to convert the order pipeline into revenue.

Key Metrics

Frequently Asked Questions

What were ROX Hi-Tech Ltd Q2 FY26 results?

ROX Hi-Tech is targeting a topline of Rs. ROX Hi-Tech is pursuing revenue growth, targeting Rs.

What is ROX Hi-Tech Ltd share price analysis?

ROX Hi-Tech Ltd currently shows a neutral. The stock trades at a P/E of 6.2 with a market cap of ₹109 Cr. Investors should review the full earnings analysis for detailed insights.

Is ROX Hi-Tech Ltd planning capital expenditure?

ROX Hi-Tech is investing in expanding and upskilling its workforce, including building a team of 22 consultants and operating NOC and SOC centers.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.

What ROX Hi-Tech's management said in earlier quarters

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