Semiconductor and product engineering services provider MosChip Technologies saw a significant 77.56% year-on-year drop in its consolidated net profit to Rs 2.45 crore for the first quarter of FY27. This decline was attributed to lower revenue and margin contraction impacting its performance. In the same quarter last year, the company had reported a consolidated net profit of Rs 10.92 crore.
Revenue from operations for MosChip Technologies also decreased by 14.29% year-on-year to Rs 116.21 crore in the April-June quarter, down from Rs 135.59 crore in the corresponding period of the previous year. The company experienced a nearly 70% sequential decrease in net profit and a 24.15% drop in revenue from the previous quarter.
Moreover, the profit before tax (PBT) for Q1 FY27 stood at Rs 3.66 crore, marking a 68.11% decline from the previous year and a 45.45% decrease sequentially. The company’s EBITDA for the quarter was Rs 11.79 crore, down from Rs 17.18 crore in the same period last year. The EBITDA margin also narrowed to 10.15% from 12.67%.
MosChip Technologies explained that revenue fluctuations are common in its Turnkey ASIC business due to revenue recognition being tied to project milestones and completion stages. The company noted that progress in certain Turnkey engagements reaching the tape-out stage during the quarter impacted the timing of revenue recognition. Based in Hyderabad, the firm provides semiconductor and product engineering solutions with a team of over 1,900 engineers and domain experts in India and the United States.
Shares of MosChip Technologies closed 0.66% lower at Rs 232 on the BSE on Friday. The stock’s 52-week range on the exchange has been between Rs 147.05 and Rs 288.
