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Revenue
₹265 Cr
verified against source
Revenue YoY
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reported change
EBITDA
Pending
latest reported figure
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Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Blue Cloud Softech reported a strong quarter with a significant jump in profit margins, driven by its cybersecurity vertical which contributed 75% of revenue. The company guided for ₹3,000 crore revenue in FY27, underpinned by a robust order book spanning cybersecurity, AI healthcare, and telecom. Management outlined an ambitious data center rollout, targeting 100 MW capacity by FY32 with a capex of $350 million, funded largely through external investors. Margins in the data center business are projected to reach 43-48% at stabilized occupancy. Key risks include chipset market volatility impacting data center margins and working capital pressure from government client payment delays. The company's expansion into clean energy via the Global Index acquisition adds a new dimension but lacks near-term clarity.
Colored figures show movement against the previous available record.
Guidance to track
- Management guided for consolidated revenue of approximately ₹3,000 crore in FY27, driven by cybersecurity, AI healthcare, and telecom contracts.
- Consolidated revenue expected to grow 25-30% year-on-year from FY27, supported by data center rollout and full deployment of 5G FWA.
- 40 MW by FY28 (40% occupancy), 80 MW by FY29 (55% occupancy), 100 MW by FY30 (70% occupancy), stabilizing at 85% by FY32.
- EBITDA margin expected to rise from 16% at 40% occupancy to 43-48% average at stabilized occupancy, subject to chipset market conditions.
Risks flagged
- Management acknowledged that chipset availability and cost fluctuations could impact data center margins by +/-10%, as global supply constraints persist.
- Analyst raised concern about working capital increase in FY25; management confirmed payment delays from government clients due to geopolitical situations, though collections have improved post-quarter.
- When asked about valuation and revenue contribution of the Global Index acquisition, management deferred, stating valuation is ongoing and details will be announced later.
Key quotes
- Our order book value and estimated projected revenue for FY27 would be around 3,000 crores approximately for 2027.
- By FY32 the stabilized level of occupancy would be around 85%. Starting from 40% from FY28 and rose to 85% of occupancy by FY32.
- The whole idea of building data center itself is to come up with it's time for India to have its own sovereign data center.
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