Workmates Core2cloud Solution Ltd

Q4 FY26IT - Software

Workmates Core2cloud Solution Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹423

Market cap₹525 Cr

P/E32.1

Updated24 Sept 2026

Read4 min read

What the Q4 FY26 call signalled

4 of 4 strong

RevenueStrong growth

MarginMargins up

CapexCapex planned

Order bookOrder book rising

The short version

FY27 revenue target is INR 210 crore, a 45%+ growth over FY26 (INR 143 crore). FY27 revenue target: INR 210 crore, representing 45%+ growth over FY26 INR 143 crore - PAT (Profit After Tax) guidance for FY27: Around INR 24-25 crore, maintaining similar PAT margin (~11-12%) -

From Workmates Core2cloud Solution Ltd's Q4 FY26 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Strong growth

FY27 revenue target is INR 210 crore, a 45%+ growth over FY26 (INR 143 crore).
Assured contracted revenue of INR 160 crore per annum already secured.
Additional pipeline visibility of around INR 30 crore, aiming to close INR 19-20 crore incremental new business in next 10 months.
Growth driven by enterprise account expansion, AI and data practice build-out, managed services scale, and security practice expansion.
AI expected to be a meaningful contributor from FY27 and primary growth engine from FY28 onwards.
Global expansion planned via light sales office models in regions like the US and Singapore, funded by initial revenues in those markets.

2 more points management made on revenue & sales performance

Profitability & Margins

FY27 revenue target: INR 210 crore, representing 45%+ growth over FY26 INR 143 crore
PAT (Profit After Tax) guidance for FY27: Around INR 24-25 crore, maintaining similar PAT margin (~11-12%)
Margin improvement levers:
Higher margin services mix with AI and cybersecurity
Increased billable utilization from 84% to 88%
Operational leverage as new hires reach full productivity
AI expected as primary growth engine from FY28 onwards, contributing meaningfully from FY27
Global expansion (US/Singapore offices) could further improve PAT margins due to increased scale

2 more points management made on profitability & margins

See what Workmates Core2cloud Solution Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned

The company plans a light model for global expansion, avoiding traditional high-cost office setups.
Global operations (e.g., US, UK, Singapore) will initially rely on fractional consultants and partners to acquire business, minimizing upfront capital expenditure.
Delivery of services will continue primarily from existing Indian centers (Kolkata, Bhubaneswar, Hyderabad), leveraging current infrastructure.
Investment focus is on augmenting human capital with selective hires (experienced business heads) to lead enterprise acquisitions, impacting manpower costs rather than heavy capital assets.

The company has invested in AI practice, skill sets, certifications, and product development (e.g., IntelliOps platform), representing strategic investment in intellectual property and capabilities rather than large physical CAPEX.
Potential future investments in overseas offices may increase costs but will be funded by revenue from those regions, aiming for operational and financial leverage rather than heavy upfront capital.

2 more points management made on capital expenditure plans

Top-ranked in IT - Software

Ranked on what management guided this quarter

5x potential

1NINtec Systems₹1.3K Cr

Rev 1Mar 3

2Virtual Galaxy₹361 Cr

Rev 1Mar 3

3₹194 Cr

Rev 2Mar 1

4₹140 Cr

Rev 2Mar 1

5₹2.0K Cr

Rev 2Mar 2

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

There is no direct mention of any current or planned new fundraising through debt or equity in the provided transcript.
The company has recently completed an IPO, which has strengthened its market presence and credibility.
Expansion plans including opening offices globally (US, UK, Singapore) will be financed through a light model approach using fractional consultants and partners to keep acquisition costs low; future revenue and profits from these regions are expected to fund further expansion.

2 more points management made on fundraising & capital structure

See what Workmates Core2cloud Solution Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Order book rising

Assured contracted revenue stands at approximately INR 160 crore.
Clear visibility of ongoing deals amounts to around INR 190.56 crore (INR 91.56 crore for H1 and INR 99 crore for H2).
Additional new business worth approximately INR 19-20 crore needs to be acquired over the next 10 months to meet the INR 210 crore revenue target for FY27.
INR 80 crore contracted recurring revenue is locked in for H1.
Pipeline deals poised to close the gap include:
Agentic AI platform migration and transformation.
Gen-AI and data analytics engagements in manufacturing.
AI-led transformation for a large insurer.

2 more points management made on order book & pipeline

What Workmates Core2cloud Solution Ltd's management said in earlier quarters

Q1 FY27 earnings call analysis →

Others in IT - Software this season

ASM Technologies Ltd (Q4 FY26)
Revenue from Operations for Q4 FY26: ₹135.1 Cr, up 18.0% YoY from ₹114.5 Cr in Q4 FY25 (Page 8). Key investor presentation takeaways from ASM Technologies Ltd's
3i Infotech (Q4 FY26)
77 crore. Key concall takeaways from 3i Infotech's Q4 FY26 earnings call — and how it ranks against sector peers.
Softtech Engineers Ltd (Q4 FY26)
Total order book stands at approximately INR 232 crores. Key concall takeaways from Softtech Engineers Ltd's Q4 FY26 earnings call — and how it ranks against…
Rategain Travel (Q4 FY26)
They are experiencing almost 200% growth in this order book segment. Key concall takeaways from Rategain Travel Technologies Ltd's Q4 FY26 earnings call — and…

Compare:vs Tata Consultancy Services Ltd vs Infosys Ltd vs HCL Technologies Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Frequently Asked Questions

What were Workmates Core2cloud Solution Ltd Q4 FY26 results?

What is Workmates Core2cloud Solution Ltd share price analysis?

Workmates Core2cloud Solution Ltd currently shows a strong growth signal based on ranking data. The stock trades at a P/E of 32.0 with a market cap of ₹525 Cr. Investors should review the full earnings analysis for detailed insights.

Is Workmates Core2cloud Solution Ltd planning capital expenditure?

The company plans a light model for global expansion, avoiding traditional high-cost office setups.

Keep Workmates Core2cloud Solution Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.