NINtec Systems announced its Q1 FY27 results, with consolidated revenue at ₹45.86 crore and PAT at ₹9.20 crore. The company also approved appointing a new statutory auditor for a five-year term, pending shareholder approval.
NINtec Systems Reports Q1 FY27 Financials, Appoints New Auditor
Consolidated Revenue: ₹45.86 crore | Consolidated PAT: ₹9.20 crore Reader Takeaway: Steady Q1 performance alongside a routine auditor transition, subject to shareholder nod. ## What just happened NINtec Systems Limited has disclosed its unaudited financial results for the first quarter ended June 30, 2026 (Q1 FY27). The company operates in the Software Services segment. In parallel, the board has approved the appointment of M/s. J. T. Shah & Company as the new Statutory Auditor for a five-year term. This appointment follows the completion of two consecutive terms by the current auditor, M/s. Samir M. Shah & Associates. ## Why this matters The release of quarterly financial results provides investors with crucial insights into the company's performance and profitability. The appointment of a new statutory auditor is a regulatory requirement and ensures compliance with corporate governance norms. The change in auditor is subject to shareholder approval at the upcoming Annual General Meeting. ## The backstory NINtec Systems Limited operates in the Software Services segment. The company's financial reporting includes both standalone figures for the parent entity and consolidated figures, incorporating its subsidiary Nintec Systems B.V. (Netherlands). The transition of statutory auditors is a standard practice mandated by the Companies Act, 2013, after a firm completes two terms. ## What changes now Financially, the results reflect the company's performance in the first quarter of FY27. Operationally, the appointment of the new auditor, once approved by shareholders, will bring a new firm into the oversight role for the next five years, ensuring a fresh perspective on financial reporting and compliance. ## Risks to watch Investors should note that the appointment of the new auditor is pending shareholder approval. Any adverse outcome in the shareholder vote could necessitate further changes or delays in the audit process. ## Peer comparison As NINtec Systems operates in the software services sector, its performance can be benchmarked against other listed IT and software companies in India. However, specific peer data is not provided in this filing. ## Context metrics (time-bound) Standalone Revenue for Q1 FY27 stood at ₹25.62 crore, with Standalone Profit After Tax (PAT) at ₹8.24 crore. Basic EPS on a standalone basis was ₹4.44. Consolidated Revenue was ₹45.86 crore, and Consolidated PAT was ₹9.20 crore, with Consolidated Basic EPS at ₹4.95. ## What to track next Investors should monitor the outcome of the shareholder approval for the new auditor. Future financial results and any strategic announcements regarding growth in the software services sector will also be key points to track.
