National : CIEL HR Group, India’s leading integrated HR and workforce solutions company, today announced its financial results for the first half of FY27 (April–September 2026), reporting revenue of ~₹1,178 crore, representing ~27% year-on-year growth (>3x the industry growth rate of 8%). EBITDA for H1 FY27 is ~₹32 crore, 31% higher on a y-o-y basis, with EBITDA margin expanding by 8 bps to 2.74%. Profit After Tax (PAT) increased by 19.3% YoY to ₹13.7 crore, reflecting sustained business momentum across the company’s integrated HR solutions portfolio.
The company also delivered a decisive turnaround in cash generation during the half year. Operating cash flow for H1 FY27 stood at ₹12.7 crore, compared with an outflow of ₹0.7 crore in H1 FY26. Free cash flow turned positive at ₹2.3 crore, against an outflow of ₹12.6 crore in the same period last year, reflecting improved cash conversion and disciplined capital deployment.
With EBITDA growing faster than revenue, the half-year underlined the operating leverage CIEL is building across its PeopleOS ecosystem, which integrates technology, AI and deep HR expertise to deliver connected workforce solutions. Enterprises continued to invest in workforce transformation, digital HR and AI adoption, driving demand across the company’s solutions portfolio.
H1 FY27 Financial Highlights
Figures in INR crore unless specified
| Particulars | H1 FY27 | H1 FY26 | YoY Growth |
| Revenue | 1,178.0 | 926.8 | 27.1% |
| Gross Profit | 110.8 | 106.2 | 4.3% |
| EBITDA | 32.2 | 24.6 | 31.0% |
| EBITDA % | 2.74% | 2.65% | 8 bps |
| PAT | 13.7 | 11.5 | 19.3% |
| OCF | 12.7 | -0.7 | Strong Turnaround |
| FCF | 2.3 | -12.6 | Strong Turnaround |
Commenting on the results, Mr. K Pandiarajan, Executive Chairperson of CIEL HR Group, said: “H1 has been a standout half for CIEL. We grew profits faster than revenue and turned our cash flows positive, which tells us the business is scaling with discipline. Bringing People Metrics and Courseplay together gives our clients one connected path from understanding their people’s capabilities to building them. We expect this, along with our continued focus on productivity, to strengthen our bottom line further in the second half.”
Key Business Highlight: People Metrics and Courseplay Unite to Turn Capability Insight into Capability Building
Following the unification of People Metrics and Courseplay, CIEL now connects business simulation-based competency assessments with AI-powered learning and development in a single offering. People Metrics identifies employee strengths and competency gaps, while Courseplay translates these insights into targeted learning aligned with individual development needs and organisational goals.
Together, the two businesses help organisations:
• Assess: Understand employee competencies and development areas.
• Identify: Prioritise competency gaps and learning needs.
• Develop: Build workforce capabilities through targeted learning.
The unification brings the cohesive strength of both teams to one client proposition and gives CIEL a firmer hold across the full cycle of “Assess, Identify and Develop”. As assessment engagements flow directly into targeted learning programmes, the combined offering is expected to deepen client relationships and further strengthen the company’s bottom line in H2.
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