- Home
- Results news
- Digitide Solutions
- Q2 FY27 results
Digitide Solutions Q2 FY27 results: net profit ₹8.91 crore vs ₹2.91 crore, revenue down 0.6%
Digitide Solutions Limited reported consolidated Q2 FY27 revenue of ₹759.62 crore, down 0.6% from Q2 FY26, while net profit rose to ₹8.91 crore from ₹2.91 crore. EBITDA was ₹78.77 crore at a 10.4% margin, and basic EPS was ₹0.12 compared with a loss of ₹0.12 in the year-ago quarter.
Key points
- Consolidated Q2 FY27 revenue was ₹759.62 crore, down 0.6% year on year and 2.0% sequentially from Q1 FY27.
- EBITDA was ₹78.77 crore, with a margin of 10.4%, compared with ₹85.15 crore and 11.1% in Q2 FY26.
- Net profit was ₹8.91 crore, up 206.2% from ₹2.91 crore in Q2 FY26 and 204.1% from ₹2.93 crore in Q1 FY27.
- Basic EPS was ₹0.12, compared with a loss of ₹0.12 in Q2 FY26 and a loss of ₹0.13 in Q1 FY27.
- H1 FY27 revenue was ₹1,534.69 crore, up 2.3%, while net profit was ₹11.84 crore, down 6.0% from H1 FY26.
How did Digitide Solutions perform in Q2 FY27?
Digitide Solutions reported consolidated revenue of ₹759.62 crore for Q2 FY27, down ₹4.57 crore or 0.6% from ₹764.19 crore in Q2 FY26. Revenue also fell ₹15.45 crore or 2.0% from ₹775.07 crore in Q1 FY27. Other income was ₹4.81 crore, taking total income to ₹764.43 crore.
EBITDA was ₹78.77 crore, down ₹6.38 crore or 7.5% from ₹85.15 crore in Q2 FY26, while the margin declined 0.7 percentage points to 10.4%. Sequentially, EBITDA rose ₹1.88 crore or 2.4% from ₹76.89 crore, and the margin increased 0.5 percentage points from 9.9%.
Profit before tax was ₹14.07 crore, up ₹2.42 crore or 20.8% from ₹11.65 crore a year earlier and ₹3.15 crore or 28.8% from ₹10.92 crore in Q1 FY27. Net profit was ₹8.91 crore against ₹2.91 crore in Q2 FY26 and ₹2.93 crore in Q1 FY27. Basic EPS was ₹0.12, compared with losses of ₹0.12 and ₹0.13, respectively.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 759.62 | 775.07 | 764.19 | −0.6% | −2.0% |
| Other income | 4.81 | 4.33 | 4.19 | +14.8% | +11.1% |
| Total expenses | 750.36 | 768.48 | 742.81 | +1.0% | −2.4% |
| EBITDA | 78.77 | 76.89 | 85.15 | −7.5% | +2.4% |
| EBITDA margin | 10.4% | 9.9% | 11.1% | −0.7 pp | +0.5 pp |
| Profit before tax | 14.07 | 10.92 | 11.65 | +20.8% | +28.8% |
| Tax | 5.16 | 7.99 | 8.75 | −41.0% | −35.4% |
| Net profit | 8.91 | 2.93 | 2.91 | +206.2% | +204.1% |
| EPS (₹) | 0.12 | −0.13 | −0.12 | turned to profit | turned to profit |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Digitide Solutions' costs and profit?
Total expenses rose ₹7.55 crore or 1.0% from ₹742.81 crore in Q2 FY26 to ₹750.36 crore. Employee cost increased ₹13.38 crore or 2.4% to ₹568.58 crore, finance costs rose ₹1.71 crore or 13.0% to ₹14.84 crore, and depreciation increased ₹4.03 crore or 8.0% to ₹54.66 crore. Other expenses declined ₹11.58 crore or 9.4% to ₹112.27 crore.
Other income increased ₹0.62 crore or 14.8% from ₹4.19 crore to ₹4.81 crore. Q2 FY26 included an exceptional charge of ₹13.92 crore, while Q2 FY27 had no exceptional item. Tax expense fell ₹3.59 crore or 41.0% from ₹8.75 crore to ₹5.16 crore, and profit before tax rose from ₹11.65 crore to ₹14.07 crore despite lower EBITDA.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 568.58 | 555.20 | +13.38 | +2.4% |
| Finance costs | 14.84 | 13.13 | +1.71 | +13.0% |
| Depreciation | 54.66 | 50.63 | +4.03 | +8.0% |
| Other expenses | 112.27 | 123.85 | −11.58 | −9.4% |
| Total expenses | 750.36 | 742.81 | +7.55 | +1.0% |
| Other income | 4.81 | 4.19 | +0.62 | +14.8% |
| Tax | 5.16 | 8.75 | −3.59 | −41.0% |
| Exceptional items | none | −13.92 (charge) |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, consolidated revenue was ₹1,534.69 crore, up ₹34.76 crore or 2.3% from ₹1,499.93 crore in H1 FY26. Total income increased ₹36.14 crore or 2.4% to ₹1,543.83 crore from ₹1,507.69 crore.
Profit before tax for H1 FY27 was ₹24.99 crore, down ₹6.66 crore or 21.0% from ₹31.65 crore in H1 FY26. Net profit was ₹11.84 crore, down ₹0.76 crore or 6.0% from ₹12.60 crore, and basic EPS was ₹0.26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 1,535 | 1,500 | +2.3% |
| Profit before tax | 24.99 | 31.65 | −21.0% |
| Net profit | 11.84 | 12.60 | −6.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹1,954.49 crore, down from ₹2,035.88 crore at 31 March 2026. Total equity rose to ₹923.25 crore from ₹916.14 crore, while borrowings increased to ₹75.27 crore from ₹74.44 crore. Cash fell to ₹120.67 crore from ₹193.50 crore.
Trade receivables increased to ₹695.01 crore from ₹658.58 crore, while trade payables fell to ₹53.76 crore from ₹68.12 crore. H1 FY27 operating cash flow was ₹51.02 crore, compared with ₹39.95 crore in H1 FY26; investing cash flow was an outflow of ₹20.71 crore against an outflow of ₹39.07 crore, and financing cash flow was an outflow of ₹103.14 crore against an outflow of ₹108.38 crore. Capital expenditure was ₹53.69 crore, up from ₹44.14 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1,954 | 2,036 |
| Total equity | 923.25 | 916.14 |
| Borrowings | 75.27 | 74.44 |
| Cash and equivalents | 120.67 | 193.50 |
| Inventories | 0 | 0 |
| Trade receivables | 695.01 | 658.58 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 51.02 | 39.95 |
| Cash from investing | −20.71 | −39.07 |
| Cash from financing | −103.14 | −108.38 |
| Capital expenditure | 53.69 | 44.14 |
Source: Company's results filing (XBRL).
How has Digitide Solutions done over the last 7 quarters?
Revenue reached its highest level in the reported series in Q4 FY26 at ₹799.95 crore and its lowest in Q4 FY25 at ₹732.52 crore. It subsequently fell to ₹775.07 crore in Q1 FY27 and ₹759.62 crore in Q2 FY27. The EBITDA margin bottomed at 9.9% in Q1 FY27 and recovered to 10.4% in Q2 FY27.
Net profit moved from a loss of ₹5.00 crore in Q4 FY26 to ₹2.93 crore in Q1 FY27 and ₹8.91 crore in Q2 FY27. Q2 FY27 profit was higher than the ₹9.69 crore recorded in Q1 FY26, although the quarterly series included a loss of ₹1.39 crore in Q4 FY25.
Which businesses drove the quarter?
Business Process Management generated revenue of ₹516.05 crore, down 3.7% from ₹535.72 crore in Q2 FY26. Segment EBIT was ₹70.16 crore, compared with ₹82.32 crore a year earlier, and the reported EBIT margin was 13.6%.
Tech and Digital revenue rose 6.6% to ₹243.57 crore from ₹228.47 crore in Q2 FY26. Its EBIT increased to ₹27.09 crore from ₹21.38 crore, with a reported EBIT margin of 11.1%.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Business Process Management | 516.05 | −3.7% | 70.16 | 13.6% |
| Tech and Digital | 243.57 | +6.6% | 27.09 | 11.1% |
Source: Company's results filing (XBRL segment data).
What else did the company announce?
The board approved the unaudited standalone and consolidated financial results for the quarter and half-year ended 30 September 2026, together with the statutory auditors’ limited review report. The board meeting was held on 2 November 2026, and the results were filed with BSE and NSE.
Digitide also submitted its Q2 and H1 FY27 investor presentation on 2 November 2026. The presentation referred to a proposed ₹48 crore buyback and selective acquisitions, but no separate dividend, completed fund raise or appointment was detailed in the same-day filings provided.
What did Digitide Solutions' management say?
Management said Q2 TCV bookings nearly doubled sequentially to about ₹400 crores from ₹205 crores in Q1, while AI-led revenue rose to ₹30.5 crore from ₹15 crore. It expects upwards of 30–35% of Q2 TCV to convert into revenue in FY27 and the AI funnel to increase further in Q3 FY27 and more strongly in Q4 FY27.
Management said further cost right-sizing and contract repricing should support sustained margin improvement, with effects visible in H2 FY27. It expects collections to improve DSO in H2 FY27 from Q2’s approximately 84 days. No formal FY27 revenue or EBITDA range was provided.
Group CEO Samir Aluwalia said the company was continuing to renegotiate contracts and move away from businesses that did not meet return thresholds. He described H1 as putting foundations in place and H2 as focused on execution, profitable growth and stronger cash generation. Management also said no M&A target had been selected.
How did Digitide Solutions shares react?
After the filing, Digitide’s shares were down 0.5% after five minutes, 2.1% after 15 minutes and 3.7% after 30 minutes. The stock closed the reaction day down 7.0% from its pre-results close, compared with a median move of 0.0% for the other IT Enabled Services companies.
By the next day’s close, the stock was down 3.0% from its pre-results close. The industry median was up 2.4%, leaving Digitide’s move 5.3 percentage points below the sector. Earlier results-day moves were down 1.8% on 27 July 2026, down 8.7% on 18 May 2026 and up 1.2% on 29 January 2026.
| After the filing | Stock | IT Enabled Services median |
|---|---|---|
| 5 minutes | −0.5% | |
| 15 minutes | −2.1% | |
| 30 minutes | −3.7% | |
| Reaction day | −7.0% | −0.0% |
| Next day | −3.0% | +2.4% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 27 July 2026 | −1.8% |
| 18 May 2026 | −8.7% |
| 29 January 2026 | +1.2% |
| 4 November 2025 | −2.6% |
| 1 August 2025 | −3.7% |
| 26 June 2025 | −6.2% |
Source: MarketPing price-reaction measurement.
How did other IT Enabled Services companies do?
A total of 27 other IT Enabled Services companies filed for the quarter, and their median revenue growth was 22.5%. Of the 20 peers that grew revenue faster than Digitide, seven grew more slowly; among the 24 peers for which profit was compared, 18 reported higher profit.
| Digitide Solutions revenue growth (YoY) | −0.6% |
|---|---|
| Median of 27 other IT Enabled Services companies | +22.5% |
| Companies with slower revenue growth than Digitide Solutions | 7 of 27 |
| Companies with faster revenue growth than Digitide Solutions | 20 of 27 |
| Companies whose net profit rose | 18 of 24 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Digitide Solutions' revenue in Q2 FY27?
Revenue from operations was ₹759.62 crore, down 0.6% from ₹764.19 crore in Q2 FY26 (consolidated).
Did Digitide Solutions make a profit in Q2 FY27?
Yes. Net profit was ₹8.91 crore, against a net profit of ₹2.91 crore in Q2 FY26.
What was Digitide Solutions' EPS in Q2 FY27?
Basic earnings per share were ₹0.12, against a loss of ₹0.12 in Q2 FY26.
How did Digitide Solutions shares react to the Q2 FY27 results?
On the reaction day the stock moved −7.0% from the previous close; the median IT Enabled Services stock moved −0.0%.
When did Digitide Solutions announce its Q2 FY27 results?
On 2 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For The Second Quarter And Half-Year Ended September 30, 2026 (BSE, 22 October 2026) · PDF
- Board Meeting Outcome for Outcome Of The Board Meeting Of The Company Held On Monday, November 02, 2026 (BSE, 2 November 2026) · PDF
- Results For The Period Ended September 30, 2026 (BSE, 2 November 2026) · PDF
- The earnings call (3 November 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.