Runs a fintech platform under the Spice Money brand, currently being merged into the listed entity. A network of 1.7 million banking agents serves 170 million customers across 2.57 lakh small towns, offering banking correspondent services (AEPS, UPI, BBPS), cash withdrawal via UPI Cash Point, lending, insurance and credit cards. All FY26 revenue of INR 464.6 crore came from Financial Technology Services, with segment EBIT of INR 42.8 crore. AEPS is the core product, with FY26 gross transaction value of INR 59,000 crore and an 18.4% market share. UPI Cash Point, launched in March 2026, reached INR 100 crore monthly run rate with 30-35% market share within weeks. Credit disbursements grew 3.3x to INR 66.7 crore in FY26. The cost base is dominated by other operating expenses at 68.8% of revenue and employee costs at 23.3%; materials are negligible at 3.3%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Financial Technology Services (Spice Money) (100%). Asset-light, phygital fintech platform focused on rural financial inclusion
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 991 | 1,015 | 439 | 448 | 465 |
| EBITDA (ex other income) | 14 | (19) | 42 | (42) | 16 |
| margin % | 1.4 | (1.9) | 9.6 | (9.5) | 3.5 |
| Owners' profit | 5 | (21) | 12 | (39) | 19 |
| EPS, as reported (₹) | 0.24 | (0.93) | 0.51 | (1.68) | 0.81 |
| ROE % · ROCE % | 2.6 · 5.5 | (9.3) · (7.2) | 4.8 · 22.3 | (18.0) · (9.8) | 8.1 · 12.3 |
| Debt / equity (x) | 0.21 | 0.36 | 0.10 | 0.35 | 0.35 |
| Cash from operations | 149 | 6 | 42 | 12 | 64 |
| Capex | (13) | (8) | (2) | (9) | (16) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 109 | 113 | 117 | 124 | 125 | 109 | 107 | 108 |
| Profit before tax | (6) | (17) | (9) | 9 | 10 | 5 | 6 | 10 |
| Net profit | (7) | (20) | (12) | 7 | 7 | 2 | 3 | 7 |
| EPS (₹) | (0.32) | (0.84) | (0.53) | 0.29 | 0.30 | 0.11 | 0.11 | 0.28 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · DiGiSPICE Technologies to hold investor and analyst meet on Sept 11 | board shareholder meetings | low | — | — |
| 28 Aug 2026 · Newspaper publication of 38th AGM notice, meeting on 22 Sept 2026 | compliance | minimal | — | — |
| 27 Aug 2026 · DiGiSPICE informs exchanges about 38th AGM notice to shareholders | compliance | minimal | — | — |
| 27 Aug 2026 · DiGiSPICE 38th AGM on Sep 22, 2026; FY26 annual report and notice filed | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · DiGiSPICE Technologies 38th AGM notice on September 22, 2026 | board shareholder meetings | low | — | — |
| 19 Aug 2026 · DiGiSPICE 38th AGM scheduled for 22 September 2026 via video conferencing | compliance | minimal | — | — |
| 14 Aug 2026 · Newspaper publication for NCLT hearing notice on merger scheme | compliance | minimal | — | — |
| 12 Aug 2026 · DiGiSPICE Q1 FY27 earnings call transcript filed with exchanges | investor communications | medium | — | — |
| 7 Aug 2026 · DiGiSPICE shares link to Aug 7 investor call recording | investor communications | low | — | — |
| 6 Aug 2026 · DiGiSPICE corrects UDIN in auditors Q1FY27 limited review report | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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