Digitide Solutions Limited has informed the Exchange regarding a press release dated November 04, 2025, titled "Digitide Accelerates AI led Growth in Q2 FY26; Revenue up +4% QoQ, +7% YoY; Tech & Digital up 23% YoY".
DIGITIDE · price
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Awaiting price reaction for this filing.
Digitide Solutions announced its Q2 FY26 results (quarter ended September 30, 2025), posting revenue of ₹764 crore, up 4% quarter-on-quarter and 7% year-on-year. H1 FY26 revenue crossed ₹1,500 crore for the first time, supported by total contract value (TCV) bookings of ₹550 crore — the third straight quarter above ₹500 crore. The Tech & Digital segment, driven by AI-led offerings, surged 23% year-on-year to ₹228 crore, while the BPM business was largely flat at ₹536 crore. Profitability was weak — EBITDA fell 17.6% YoY to ₹85 crore and adjusted PAT dropped nearly 29% YoY to ₹17 crore, partly hurt by one-time demerger-related costs and higher tax on subsidiary dividend income. The company added 24 new clients, expanded its AI Center of Excellence, secured Tier 1 partner status with AWS and Microsoft Azure, and held a net cash position of ₹28 crore.
Mixed bag for shareholders — steady revenue growth, strong order pipeline, and AI-led traction are positives, but a sharp year-on-year profit decline despite stable margins may weigh on the stock near-term. Watch for normalization of one-time costs and margin recovery in upcoming quarters.