Digitide Solutions Limited has informed the Exchange about Transcript
DIGITIDE · price
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Digitide Solutions, recently demerged from Quess Corp and listed independently on June 11, 2025, reported Q1 FY26 consolidated revenue of INR 736 crores (up 6% year-on-year, flat sequentially) with EBITDA of INR 83 crores at 11.2% margin. PAT stood at INR 10 crores, a 150 basis point sequential improvement despite INR 9 crores in one-time de-merger and listing costs. The BPM segment delivered INR 539 crores at a 17% margin (up 255 bps sequentially), while the tech and digital segment grew 4% year-on-year to INR 197 crores at a 9.8% margin. The company added 27 new client logos, won a marquee 3-year AWS cloud transformation deal, and reported total contract value of INR 523 crores for the quarter. Management reaffirmed its '3x3x3' strategy targeting revenue tripling by FY31, a $1 billion revenue goal with 16–17% organic CAGR plus 2–3% from acquisitions, and guided for FY26 to land in the upper quartile of industry growth with double-digit growth and margin expansion from the second half onwards.
For shareholders, this is a reassuring first standalone quarter showing operational stability and segment-level margin improvement despite transition costs, though overall margins remain pressured by INR 9 crores of one-time charges and elevated DSO of 91 days from GST re-registrations. The reaffirmation of long-term growth targets, new logo wins, and a multi-year AWS deal support a constructive medium-term outlook, while near-term margin recovery from H2 FY26 will be a key catalyst for the stock.