Digitide Solutions Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Digitide Solutions Limited reported consolidated revenue of Rs. 30,801.81 million for FY2026, down 5.8% from Rs. 32,687.27 million in the previous year. Profit after tax declined sharply to Rs. 55.45 million from Rs. 1,377.48 million, a drop of approximately 96%. The company recorded exceptional items of Rs. 647.59 million, up from Rs. 278.79 million, primarily due to INR 412.23 million in employee benefit obligations under new Labour Codes and INR 235.36 million in demerger expenses. EBITDA margin compressed significantly due to lower profitability and higher depreciation. The auditor Deloitte Haskins & Sells issued an unmodified (clean) opinion on both standalone and consolidated results.
The company experienced a significant decline in profitability despite maintaining operational revenue. The large exceptional items related to labour code changes and demerger costs are non-recurring but substantially impacted bottom-line performance. Shareholders should note the sharp PAT decline and monitor recovery in FY2027.