Digitide Solutions Limited has informed the Exchange about Appointment of Statutory Auditors.
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Digitide Solutions Limited reported its first quarterly results post-listing on BSE and NSE (listed on June 11, 2025). Consolidated revenue from operations grew 5.7% YoY to ₹7,357.37 million for Q1 FY26, but profit after tax fell sharply to ₹96.93 million from ₹552.91 million a year ago, mainly due to ₹88.65 million in demerger-related exceptional expenses. On a standalone basis, revenue rose to ₹4,638.27 million while profit dropped to ₹35.93 million (EPS of ₹0.24 vs ₹1.39). The Board also appointed Deloitte Haskins & Sells as Statutory Auditors for a 5-year term (till 2030) and Mr. Parameshwar G Bhat as Secretarial Auditor for 5 years from FY26, both subject to shareholder approval.
For shareholders, this is the company's first earnings update after its stock market debut, so numbers will set the initial valuation tone. The sharp YoY decline in profits despite revenue growth, driven by one-time demerger costs, may be viewed as a temporary drag. The appointment of a top-tier auditor like Deloitte adds credibility, but shareholders should watch the trend in core operating margins going forward.