Key risks
- Margin collapse: operating margins fell from 20.36% (Mar '26) to 9.69% (Jun '26); verify if driven by pricing pressure, customer mix, or execution headwinds
- Profit volatility: net profit declined from ₹42.65 Cr (Mar '26) to ₹14.99 Cr (Jun '26); sustainability of higher levels unclear
- Revenue trend deteriorating: quarterly revenues fell from ₹329.39 Cr (Sep '25) to ₹151.62 Cr (Jun '26); verify if cyclical or structural
- Hardware commoditization in PCs, servers, and networking reducing margins; verify competitive positioning and pricing power
Generated analysis · source review pending