DIGITIDE · price
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Digitide Solutions reported its highest-ever quarterly revenue of ₹800 Cr in Q4 FY26, up 2.5% sequentially and 9.2% year-on-year, marking five consecutive quarters of growth. Full-year FY26 revenue stood at ₹3,080 Cr (up 7.1% YoY). The high-margin Tech & Digital segment surged 27.2% YoY to ₹249 Cr and now represents 31.1% of total business. International revenue grew 16.4% YoY to ₹304 Cr (38.1% of mix). EBITDA remained flat at ₹88 Cr with a margin of 11.0% (down ~280 bps YoY for FY26), impacted by the new wage code (~₹4 Cr quarterly). Adjusted PAT declined sharply to ₹11 Cr in Q4 and ₹70 Cr for FY26 (down ~47% YoY), hit by ~₹65 Cr of exceptional items including ₹41 Cr wage code impact. However, the balance sheet strengthened significantly with net cash up 46% QoQ to ₹182 Cr, backed by exceptional operating cash flow of ₹145 Cr (165% of EBITDA). The company secured 29 new logos including a landmark dual-hub Enterprise AI CoE for a global P&C insurance major, leveraging its proprietary Pulse.Nerve agentic framework delivering 40%+ productivity gains.
Strong topline momentum and improving business mix (Tech & Digital now ~30%) are positives, but sharp EBITDA margin compression and weak profitability (Adjusted PAT down 47% YoY) due to wage code and demerger costs are concerns. The rock-solid net cash position of ₹182 Cr provides financial flexibility for growth investments in FY27.