Bengaluru, November 03, 2026: Digitide Solutions Limited (“Digitide”), announced its financial results for the second quarter ended September 30, 2026.
Key Highlights
- Reported PAT rose ~2x QoQ to ₹8.9 Cr; PAT margin up 80bps QoQ
- EBITDA increased 2.5% QoQ to ₹78.8 Cr; EBITDA margin expanded 45bps QoQ to 10.4%
- Revenue of ₹759.6 Cr, down 2.0% QoQ, reflecting a disciplined approach to deal selection
- Tech & Digital (T&D) revenue grew 6.6% YoY and 2.6% QoQ to ₹243.6 Cr, contributing 32.1% of total revenues
- International revenue grew 13.5% YoY and 9.2% QoQ to ₹322.8 Cr, accounting for 42.5% of total revenues
- Strong sales momentum as TCV bookings nearly doubled QoQ to ~₹400 Cr, supported by 34 key logo wins
- AI-led revenue doubled QoQ to ₹30.5 Cr, now 4.1% of total revenue vs 1.9% in Q1FY27
Highlights of the Quarter Ended September 30, 2026
|
In ₹ Cr |
Q2 FY26 |
Q1 FY27 |
Q2 FY27 |
QoQ |
YoY |
H1 FY26 |
H1 FY27 |
YoY |
|
Revenue |
764.2 |
775.1 |
759.6 |
-2.0% |
-0.6% |
1,500.0 |
1,534.7 |
2.3% |
|
EBITDA |
85.2 |
76.9 |
78.8 |
2.5% |
-7.5% |
167.8 |
155.7 |
-7.2% |
|
EBITDA % |
11.1% |
9.9% |
10.4% |
45bps |
-78bps |
11.2% |
10.1% |
-104bps |
|
Reported PAT |
2.8 |
2.9 |
8.9 |
204.0% |
223.8% |
12.5 |
11.9 |
-4.8% |
|
Reported PAT % |
0.4% |
0.4% |
1.2% |
80bps |
82bps |
0.8% |
0.8% |
-6bps |
Segment Performance
|
In ₹ Cr |
Q2 FY26 |
Mix |
Q1 FY27 |
Mix |
Q2 FY27 |
Mix |
QoQ |
YoY |
H1 FY26 |
H1 FY27 |
YoY |
|
BPM |
535.7 |
70.1% |
537.7 |
69.4% |
516.1 |
67.9% |
-4.0% |
-3.7% |
1,074.3 |
1,053.8 |
-1.9% |
|
T&D |
228.4 |
29.9% |
237.4 |
30.6% |
243.6 |
32.1% |
2.6% |
6.6% |
425.7 |
480.9 |
13.0% |
|
Total |
764.2 |
100% |
775.1 |
100% |
759.6 |
100% |
-2.0% |
-0.6% |
1,500.0 |
1,534.7 |
2.3% |
Geographical Performance
|
In ₹ Cr |
Q2 FY26 |
Mix |
Q1 FY27 |
Mix |
Q2 FY27 |
Mix |
QoQ |
YoY |
H1 FY26 |
H1 FY27 |
YoY |
|
Domestic |
479.7 |
62.8% |
479.5 |
61.9% |
436.8 |
57.5% |
-8.9% |
-8.9% |
947.3 |
916.3 |
-3.3% |
|
International |
284.5 |
37.2% |
295.6 |
38.1% |
322.8 |
42.5% |
9.2% |
13.5% |
552.7 |
618.4 |
11.9% |
|
Total |
764.2 |
100% |
775.1 |
100% |
759.6 |
100% |
-2.0% |
-0.6% |
1500.0 |
1534.7 |
2.3% |
Innovation, Partnership and People
- One enterprise, one operating model in place
- Leadership reset across business units, sales and corporate functions
- Repriced contracts and exited low-margin business to improve cash and working capital
- Embedded AI across three layers: AI-infused BPM, AI-enabled platforms, and Data, AI & Cloud-led professional services, with AI revenues reaching 4.1% of Q2FY27 revenues
- Strengthened our go-to-market engine with dedicated India and International sales teams, driving a 95% QoQ increase in TCV
- Signed strategic alliances with AWS and Anthropic
- Scaling our GCC offering through the Build-Operate-Transfer (BOT) model
Speaking on the performance, Sameer Ahluwalia, Group Chief Executive Officer and Executive Director, Digitide Solutions Limited said, “Q2 demonstrates clear progress against the four priorities we set at the start of the year. We have unified the organisation under one operating model, strengthened leadership across the business and taken decisive actions to improve the quality of our revenue and margins. At the same time, we are building momentum in our growth engines, with TCV up 95% sequentially to ~₹400 crore, AI-led revenue doubling to ₹30.5 crore and International revenue growing 13.5% year-on-year. Our strategic alliances with AWS and Anthropic and scaling of our GCC offering further strengthen our AI-led proposition. We enter H2 with a stronger organisation, a sharper portfolio and a clear focus on accelerating profitable growth, cash generation and AI-led transformation.”
Harigovind Krishnasamy, Group Chief Financial Officer, Digitide Solutions Limited further added, “Q2 reffects improving earnings quality and disciplined execution. Revenue stood at ₹760 crore as we consciously repriced contracts and exited low-margin business, while EBITDA increased 2.5% sequentially to ₹78.8 crore and margins expanded 45 basis points to 10.4%. Q2 Reported PAT tripled sequentially to
₹8.9 crore, with no exceptional items, and we closed the quarter with net cash of ₹76 crore. With ~₹400 crore of TCV bookings and 34 key logo additions in Q2, our priority in H2 is to accelerate conversion of bookings into revenue, improve collections and working capital, and continue shifting our revenue mix towards higher-growth Tech & Digital, International and AI-led businesses.”
