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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹35.7 Cr
verified against source
Revenue YoY
1.5%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
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.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects AI-enhanced projects to command 25-30% higher margins than traditional ERP/CRM implementations.
- Management is in serious conversations for acquisitions, though no timeline or specific targets disclosed.
- Company meets all statutory eligibility for main board listing; decision expected during the current fiscal year.
Risks flagged
- Despite Microsoft's 20%+ growth, All E's revenue remained flat, raising concerns about lag in partner ecosystem benefits.
- Large enterprise and mid-sized customers are taking longer to close deals, causing revenue slippage between quarters.
- AI automation may reduce implementation effort and revenue per project, though management sees offset from new opportunities.
- Large cash balance (~70-80% of balance sheet) not generating returns; management has not committed to a timeline for deployment.
Key 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.
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