MosChip Technologies Posts Q1 FY27 Results Amid Turnkey ASIC Milestone Shifts and Longer PES Conversion Cycles

MosChip Technologies Limited (BSE: 532407, NSE: MOSCHIP), a provider of Silicon and Product Engineering Solutions, has declared its unaudited consolidated and standalone financial results for the first quarter ended June 30, 2026.

The quarter was marked by sequential and year-on-year revenue moderation, largely driven by the milestone-linked nature of its Turnkey ASIC engagements and extended order conversion timelines in its Product Engineering Services (PES) division.

Consolidated Financial Performance

Revenue from Operations: Stood at ₹116.21 Crore (₹11,621.30 lakhs), down from ₹135.59 Crore in Q1 FY26 and ₹153.23 Crore in Q4 FY26.

Total Income: Recorded at ₹118.45 Crore (₹11,845.08 lakhs) compared to ₹136.30 Crore in the corresponding quarter of the previous year.

EBITDA & Margins: EBITDA reached ₹11.79 Crore, representing an EBITDA margin of 10.15%. While down from ₹17.18 Crore (12.67%) in Q1 FY26, EBITDA margin expanded sequentially from 8.77% (₹13.44 Crore) in Q4 FY26.

Profit Before Tax (PBT): Reported at ₹3.66 Crore (₹365.65 lakhs), compared to ₹11.48 Crore in Q1 FY26 and ₹6.71 Crore in Q4 FY26.

Net Profit (PAT): Consolidated net profit after tax stood at ₹2.45 Crore (₹244.67 lakhs), down from ₹10.92 Crore in Q1 FY26 and ₹7.95 Crore in Q4 FY26.

Total Comprehensive Income: Registered at ₹3.76 Crore (₹376.35 lakhs) for the quarter.

Earnings Per Share (EPS): Basic EPS for the face value of ₹2 per share was ₹0.13 (diluted EPS at ₹0.12).

Segment-Wise Breakdown

1. Silicon Engineering Solutions

Segment Revenue: Generated ₹97.81 Crore (₹9,780.55 lakhs) in Q1 FY27 compared to ₹102.72 Crore in Q1 FY26 and ₹128.86 Crore in Q4 FY26.

Segment Profitability: Demonstrated resilient profitability, delivering a segment result of ₹27.92 Crore (₹2,791.70 lakhs), expanding both year-on-year (from ₹24.81 Crore in Q1 FY26) and sequentially (from ₹24.25 Crore in Q4 FY26).

2. Product Engineering Solutions (PES)

Segment Revenue: Contributed ₹18.41 Crore (₹1,840.75 lakhs) compared to ₹32.86 Crore in Q1 FY26 and ₹24.37 Crore in Q4 FY26.

Segment Result: Recorded a segment loss of ₹2.60 Crore (₹260.14 lakhs) for the quarter, compared to a segment profit of ₹2.40 Crore in Q1 FY26.

Standalone Performance Overview

On a standalone basis, MosChip Technologies reported:

Total Income: ₹103.16 Crore (₹10,316.49 lakhs) compared to ₹120.81 Crore in Q1 FY26.

Revenue from Operations: ₹101.15 Crore (₹10,115.08 lakhs).

Profit Before Tax (PBT): ₹0.20 Crore (₹19.94 lakhs).

Net Profit (PAT): ₹0.20 Crore (₹19.94 lakhs) with a Basic and Diluted EPS of ₹0.01.

Operational Drivers & Management Outlook

"Fluctuations in revenue are inherent to the Turnkey ASIC business, where revenue is linked to project milestones and stages of completion. Certain Turnkey engagements progressed to the tape-out stage during the quarter." - MosChip Management Statement.

Turnkey ASIC Dynamics: The company noted that revenue swings reflect milestone-based billing structures, with several key turnkey projects reaching the critical tape-out stage during Q1 FY27.

PES Business Scaling: The Product Engineering Services unit remains adequately staffed with skilled engineering talent. However, top-line realization was slower due to an extended order conversion cycle. MosChip is actively prioritizing customer engagement and business development efforts to accelerate conversion rates.

Core Strengths Unchanged: Management reaffirmed that the quarter's results reflect temporary project completion timing rather than structural shifts, emphasizing that core engineering capabilities and delivery execution remain fully intact.

Shares of Moschip Technologies Ltd was last trading in BSE at Rs. 232.00 as compared to the previous close of Rs. 233.55. The total number of shares traded during the day was 178935 in over 1939 trades.

The stock hit an intraday high of Rs. 236.05 and intraday low of 224.90. The net turnover during the day was Rs. 41247510.00.

Source : Equity Bulls

Keywords

MoschipTechnologies INE935B01025 Q1FY27 Q1FY2027 ResultUpdate