Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
₹247 Cr
verified against source
Revenue YoY
12%
reported change
EBITDA
₹26 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Allied Digital reported Q3 FY26 revenue of ₹247 crore (+12% YoY), its highest ever quarterly revenue, just shy of the ₹250 crore target. EBITDA grew 4% YoY to ₹26 crore, with margin contracting ~80bps YoY to 10.5% due to mix shift and investments. PAT of ₹14 crore was impacted by a prior-year tax provision of ₹4.8 crore; adjusted PAT was ~₹20 crore. Services revenue grew 16% YoY while solutions were flat. International operations grew 26% YoY, while India declined 5% due to election-related delays. Order inflows were healthy at ₹250 crore+, with a strong pipeline in government (railways, smart cities) and enterprise. Management guided for mid-teens revenue growth in FY27 and reiterated the ₹1,000 crore annualized revenue target. Key risk: audit qualifications on inventory and receivables could lead to further P&L adjustments.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets ₹250 crore quarterly run-rate, aiming for ₹1,000 crore annualized revenue in the near future.
- Management guided for mid-teens revenue growth in FY27, with potential upside from large contract wins.
- Management expects EBITDA margins to improve to 11-12% over the next 3-4 quarters as smart city projects move to maintenance phase.
- Management aims to complete physical verification of fixed assets and inventory, and convert US subsidiary loan to equity by March 31, 2026.
Risks flagged
- Auditors highlighted issues with physical verification of fixed assets and inventory, and old receivables. Management expects resolution by March 2026, but further P&L impact is possible.
- A ₹4.8 crore prior-year tax provision impacted PAT. Such one-time items create earnings volatility and may recur.
- Management noted that large contract wins require upfront investments, which can temporarily pressure EBITDA margins despite improving gross margins.
- Q3 saw delays in government project milestones due to elections, impacting India revenue. While temporary, similar delays could recur.
Key quotes
- We are pleased to report a resilient and well balanced performance in quarter 3 FI26 driven by disciplined execution, steady order flows and sustained engagement across both domestic and international markets.
- Our focus remains strongly on execution excellence, prudent capital allocation and building a robust diversified order book that supports sustainable growth.
- We are in a sweet spot in terms of being in the right area in the right technologies and in the right service capabilities.
Research modules