ESDS Software fell to a day low of Rs 1,672.50 on 28 September, down 5%, after its June quarter revenue and profit fell sharply from March.

The trigger is the company’s April-June results. Revenue from operations came in at Rs 133.66 crore, up 7.28% from a year ago but down 20.2% from the Rs 167.54 crore of the March quarter.

Profit after tax was Rs 29.28 crore, up 13.97% from last year but about 57% below the March quarter’s Rs 67.68 crore. Against last year, both numbers grew. Against March, both fell sharply.

On the earnings call on Friday, management said the March quarter included a one-off design services revenue booked in a subsidiary.

It also said a large deal in Australia has slipped by about a month and a half, and is now expected in the first week of November.

Revenue from it will start showing in the third quarter of FY27, the company said. It gave no revenue guidance for this year or the next.

The results came about three weeks after a busy market debut. ESDS listed on 4 September against an IPO price of Rs 429 and touched a 52-week high of Rs 1,859.20 on 24 September, just before the results were announced.

At 12:32 am, shares of ESDS Software were trading at Rs 1,672.50 on NSE, down 5% from the previous close of Rs 1,760.50.

That is also the day’s low, and the order book showed only sellers at that point. The stock sits about 10% below its 52-week high but is still almost four times its IPO price.

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