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Revenue
₹780.3 Cr
verified against source
Revenue YoY
6.5%
reported change
EBITDA
₹88 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Digitide delivered a resilient Q3 with consolidated revenue of ₹780 crore (+6.5% YoY), driven by tech & digital revenue surging 19% YoY to 30.2% of mix. EBITDA of ₹88 crore improved 3% QoQ, with margins up 7 bps QoQ to 11.3%. Adjusted PAT hit a three-quarter high of ₹24 crore (+43% QoQ), despite a one-time ₹25.4 crore labor code charge. Record TCV of ₹662 crore (+20% QoQ) and 34 new logos signal strong pipeline conversion. Management guided for double-digit revenue growth in FY27 and reiterated 200-300 bps margin expansion by FY31 via mix shift, AI automation, and international growth. Risk: BFSI pricing pressure and slower-than-expected margin improvement in domestic BPM.
Colored figures show movement against the previous available record.
Guidance to track
- Management expressed high confidence in achieving double-digit revenue growth in FY27, supported by record TCV and strong pipeline.
- Reiterated long-term margin expansion target of 200-300 basis points by FY31, driven by mix shift, AI, and international growth.
- Expects about one-third of the $650M incremental revenue target to come from acquisitions, targeting 2-3 deals adding $150-160M.
- DSO improved to 79 days, expected to stabilize further with improved collection rigor and revenue assurance.
Risks flagged
- BFSI segment facing cost optimization pressures, which could impact vendor spend and margins.
- Tech & digital margins at 9.6% remain well below BPM's 15.4%, with convergence timeline uncertain.
- Exceptional loss of ₹25.4 crore due to new labor code adjustments, though management considers it a one-off.
- Analyst raised concerns about subsidiary AllDigi's separate listing and potential simplification; management was non-committal.
Key quotes
- Our total contract value hit 662 crores, a record high for Digitide and a 20% sequential leap.
- We are very very confident that in FY27 we will be doing a double digit growth on the revenue.
- We are looking at targets that will be margin accretive and targets that will strengthen our capabilities in the areas that we have chosen.
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