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Revenue
₹735.74 Cr
verified against source
Revenue YoY
6%
reported change
EBITDA
₹83 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Digitide Solutions reported Q1 FY26 consolidated revenue of ₹736 crore, up 6% YoY, with EBITDA of ₹83 crore (11.2% margin). PAT stood at ₹10 crore, impacted by ₹9 crore one-time demerger costs. The BPM segment grew 6% YoY to ₹539 crore with 17% margin, while Tech & Digital grew 4% YoY to ₹197 crore. Management highlighted portfolio realignment (exiting non-core contracts) expected to complete by Q2, and guided for margin expansion from H2. The company secured 27 new logos and a marquee cloud transformation deal. Risks include elevated DSO of 91 days due to demerger-related contract novations and continued softness in BFSI vertical. Overall, a transitional quarter with steady execution but margin pressure from investments.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects to exit FY26 with early double-digit revenue growth, driven by strong sales momentum and pipeline.
- Management expects EBITDA margins to start climbing from the second half of FY26, driven by operating leverage and cost initiatives.
- Exit of non-core and low-margin contracts is on track to complete by Q2 FY26.
- Management reiterated target of tripling revenue by FY31, with organic growth of 16-17% and incremental growth from acquisitions.
Risks flagged
- DSO increased to 91 days from historical levels due to GST re-registrations and contract novations post-demerger. Management expects normalization from Q2.
- Management acknowledged continued softness in the BFSI segment, which is a key vertical for the BPM business.
- Investments in leadership, offerings, and demerger-related costs are impacting margins in H1. Management expects recovery only from H2.
- International markets face stronger macroeconomic pressures, though management believes focused industry segments mitigate impact.
Key quotes
- This quarter marks a bold new beginning for us. As of June 2025, we completed our demerger from Quest Corp Limited and became an independent listed entity on 11th of June.
- Our net promoter score jumped to 71.3, one of the highest in the industry, and a significant improvement over last year.
- We are very confident that from the second half we will start to claw back and I did talk about the five levers which we have already started to focus on.
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