Repeat & Recurring Revenue %
88.2%
-3.9pp YoY
Repeat & recurring revenue was 88.2% of total income in Q3, down from 92.1% in 9M FY26.
ALLETECHNOLOGIES
Information Technology
10 Feb 2026
All E Technologies Limited — Q3 FY26
All E Technologies reported Q3 FY26 revenue of ₹35.7 crore, up just 1.5% YoY, with EBITDA margin of 26.2% and adjusted net profit margin of 19.4%.
✓ Verified against BSE filing
2-Min Summary
All E Technologies reported Q3 FY26 revenue of ₹35.7 crore, up just 1.5% YoY, with EBITDA margin of 26.2% and adjusted net profit margin of 19.4%. Growth remained subdued due to delayed deal closures and macroeconomic uncertainty, though management highlighted a healthy pipeline and recent large deal wins. The company is pivoting toward AI-enhanced solutions, with data & AI services now 10% of revenue and growing faster than core ERP/CRM. Management expects growth to re-accelerate as Microsoft ecosystem tailwinds materialize, but declined to give specific guidance. Key risk: continued sluggishness in enterprise decision-making could keep growth below historical 20-30% run rate.
Key Numbers
New Customers Added
7
Flat YoY
Added 7 new customers in Q3 (2 domestic, 5 international), similar to prior quarters.
Data & AI Services % of Revenue
10%
+25% YoY growth
Data & AI practice now ~10% of revenue and growing faster than other lines.
Attrition Rate
10-12%
Flat YoY
Attrition remains low at 10-12%; excluding first-year employees, it is ~6%.
Management Guidance
AI services to drive 25-30% premium on project margins
Management expects AI-enhanced projects to command 25-30% higher margins than traditional ERP/CRM implementations.
marginsInorganic growth via acquisitions in active discussions
Management is in serious conversations for acquisitions, though no timeline or specific targets disclosed.
growthMain board listing under consideration
Company meets all statutory eligibility for main board listing; decision expected during the current fiscal year.
otherKey Risks
Revenue growth decoupling from Microsoft's growth
Despite Microsoft's 20%+ growth, All E's revenue remained flat, raising concerns about lag in partner ecosystem benefits.
high · analyst_questionDelayed enterprise decision-making
Large enterprise and mid-sized customers are taking longer to close deals, causing revenue slippage between quarters.
medium · management_commentaryAI cannibalization of existing revenue
AI automation may reduce implementation effort and revenue per project, though management sees offset from new opportunities.
medium · analyst_questionCash not deployed for growth
Large cash balance (~70-80% of balance sheet) not generating returns; management has not committed to a timeline for deployment.
medium · analyst_questionNotable Quotes
Our business model is different from that of a traditional IT services business... resource augmentation comprises of probably less than 2% of our business.
We are in the right space working with the right on the right technology stack with the right company which is Microsoft and this will start bringing impact in the coming years.
Our focus is not so much in terms of what happens just this quarter and the next quarter. We have to put focus on what happens next year and the next three years.