Blue Cloud Softech Solutions Ltd — Q3 FY26
Blue Cloud Softech reported a strong quarter with a significant jump in profit margins, driven by its cybersecurity vertical which contributed 75% of revenue.
bullish
medium
✓ Verified against BSE filing
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
50%Questions answered3Evaded / deflected12Questions auditedContradictedNumbers vs filing
Partial answer
High priority
Current consolidated order book value and revenue visibility for FY26 and FY27.
Asked by Nishi Vas, Phenoptical
Management gave FY27 revenue projection but did not provide current order book value or FY26 visibility.
no current order book value givenonly FY27 projection provided
Read the exchange
Question
Yeah. So what is the current consolidated order book value and what will be the revenue visibility for FI26 and FI27?
Sue (CFO)
our order book value and uh estimated uh projected revenue for FI27 would be around 3,000 crores approximately for 2027.
Partial answer
High priority
IRR and payback period for AI data center.
Asked by Nishi Vas, Phenoptical
Management mentioned payback period but IRR was unclear and not directly stated.
unclear phrasingno clear IRR number
Read the exchange
Question
what IR and payback period has been targeted for the AI data center
Sue (CFO)
the AI data center business would be close to about 18 to 20% would be the error that is faced... close to about six to say 8 years of time uh 6.8 years of time to uh pay back
Answered
High priority
Occupancy level and EBITDA margin assumptions for data center.
Asked by Nishi Vas, Phenoptical
Management provided specific occupancy and EBITDA margin projections over the years.
Read the exchange
Question
what occupancy level and aida margin assumption underpinning the financial viability of data center projections.
Sue (CFO)
by FI32 the stabilized level of occupancy would be around 85%. Starting from 40% from FI28... an EIA margin from 16% to 50% of AITA margin and an average it should be around 43 to 48%.
Answered
High priority
Business overview, verticals, and revenue contribution.
Asked by Maitrica, Safire Capital
Management provided clear revenue split by vertical for the current quarter.
Read the exchange
Question
if you could just bifocate the company into these verticles and uh what sort of revenue we are getting from each of them
Chandra Shakar (CEO)
we had 75% of the contribution from the security BU 10% from the healthcare BU 5% from the education BU and 10% from the other BU that is support and telecom.
Partial answer
Medium priority
Role in data center business: construction, management, or hardware?
Asked by Maitrica, Safire Capital
Management described a hybrid model but did not clearly delineate roles.
vague descriptionno clear split between opex and capex
Read the exchange
Question
the new business that we are entering the data center business are we in the management side or in the more on the hardware side of the business.
Chandra Shakar (CEO)
it's not about the hardware it's more about the management also uh solution integration... the whole investment will be going into the capital expenditure also in terms of securing the resources
Partial answer
High priority
Capex required for data centers and funding mix.
Asked by Maitrica, Safire Capital
Management gave a total capex figure but funding details were unclear and contradictory.
contradictory numbers initiallyfunding mix vague
Read the exchange
Question
what sort of capex are we putting in for these data centers um any number that you've mentioned
Chandra Shakar (CEO)
estimated cost to about 10 million which would be the overall cap cost... estimated cost of 10 to 15 million... $350 million.
Evasive
Medium priority
Revenue growth and margin contribution by vertical.
Asked by Maitrica, Safire Capital
Management gave only qualitative expectations without quantitative growth or margin details.
no specific numbersqualitative only
Read the exchange
Question
how do you see healthcare and this telecom division kind of growth growing and taking on a much rather contribution share
Chandra Shakar (CEO)
we are expecting... healthcare uh division will definitely contribute uh more uh in the coming uh uh months and quarters.
Answered
High priority
EBITDA margin expectations for data center over years.
Asked by Maitrica, Safire Capital
Management provided specific EBITDA margin projections at different occupancy levels.
Read the exchange
Question
any sort of margin expectations we have on here. How do you see the margins scaling up over the years?
Sue (CFO)
at 55% occupancy we have projected at 40 to 42% of EIA and at 70% it should be 46% and at 80% 49 and 50% EITA range
Evasive
Medium priority
How to sustain high margins given competition and new ventures.
Asked by Abhishit Periwal, HBSC Securities
Management did not provide specific margin projections or a clear strategy.
no specific margin guidancequalitative only
Read the exchange
Question
how do you plan to keep this high margins going further a high growth in this margins and also can you throw some light on the margins for next two to three years.
Chandra Shakar (CEO)
we can maintain that... plus minus we can be a percentage of 10 to 15% with the change of but we can maintain that
Declined
High priority
Details on Global Impex acquisition: valuation and expected contribution.
Asked by Abhishit Periwal, HBSC Securities
Management refused to provide any numbers, citing ongoing valuation.
deferred to future announcement
Read the exchange
Question
on the global implex acquisition... can you give me some colors on the valuation of this company and what are kind of margins and revenue contribution you expect
Chandra Shakar (CEO)
would be shortly announced... valuation processes are going... shortly within very very short time you'll be finding an announcement
Partial answer
Medium priority
Working capital pressures and receivables situation.
Asked by Abhishit Periwal, HBSC Securities
Management gave qualitative comfort but no quantitative data on receivables or working capital.
no specific numbersqualitative only
Read the exchange
Question
is there any pressures on the working capital especially in terms of receivables or payment from customers
Chandra Shakar (CEO)
last quarter we had a little bit of pressure in terms of working capital and this quarter significantly it'll reduce... we are in a comfortable position
Partial answer
High priority
Year-wise revenue projections from FY28 to FY32.
Asked by Rakkesh Chen, Soul Capital
Management provided FY27 revenue and a growth rate but no year-wise absolute projections.
only FY27 number givengrowth rate for later years but no absolute numbers
Read the exchange
Question
May I know the year-wise revenue projection for 28, 29, 30,32?
Sue (CFO)
FI27 projections would be around 3,000 crores... from there onwards it would be around 25 to 30% year on year so consolidated at a consolidated level.
Quantitative claims vs filed numbers
| Claim | Management said | Filing | Verdict |
|---|---|---|---|
| FY27 revenue projection of 3,000 crores | ₹3,000 cr | ₹265 cr | Overstated vs filing |
Filed figures sourced from Screener.in. Claims within a small tolerance of the filing are marked “matches filing”.