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Revenue
₹37.27 Cr
verified against source
Revenue YoY
155%
reported change
EBITDA
₹5.85 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Fidel Softech delivered a breakout Q4 FY26 with revenue of 37.27 cr (+155% YoY) and PAT of 5.37 cr (+32% QoQ), driven by strong organic growth and recent acquisitions in Japan and US. Full-year revenue reached 102.35 cr (+85% YoY), with EBITDA of 19.29 cr (+52% YoY). The company maintained a balanced revenue mix (APAC 55%, US 27%, EMIA 18%) and generated positive cash flow, increasing cash reserves to 32.5 cr. Management reiterated a medium-term vision of 300 cr revenue in 3-3.5 years and a 5x growth target over five years, while aiming to sustain double-digit PAT margins. AI is seen as a demand multiplier, especially in Japan where pilot projects are expanding. Key risk: margin pressure from scaling lower-margin US/Japan business and integration of acquisitions.
Colored figures show movement against the previous available record.
Guidance to track
- Management aims to sustain at least Q4 FY26 revenue level of 37.27 cr per quarter, implying annualized revenue of ~149 cr.
- Company targets 3x revenue growth from current run-rate to 300 cr within 3 to 3.5 years.
- Long-term aspiration to grow revenue 5x from current levels over five years, implying ~35-40% CAGR.
- Management aims to sustain double-digit PAT margins, though near-term margin may fluctuate due to investments.
Risks flagged
- 53% of revenue from US and Japan currently generates single-digit margins, which could compress overall profitability if not offset by scale.
- Acquisitions of Techquine, IM Corporation, and others require integration of finance, HR, and delivery teams, which may disrupt operations.
- Management acknowledged geopolitical factors could influence near-term outcomes, though no specifics were provided.
- Trade receivables rose to 26 cr from 16 cr YoY, partly due to Q4 revenue spike; collection efficiency needs monitoring.
Key quotes
- AI is not reducing demand, it is expanding our scope of services. So we see AI as a multiplier for our capabilities and enabler for next phase of growth.
- We have transformed Fidel from a 25 cr company into a 100 crore enterprise from a 6 cr per quarter to now 36 crore approx per quarter.
- Our approach is simple. Grow fast but grow responsibly.
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