Digitide Reports Highest-Ever Quarterly Revenue of ₹800 Cr in Q4FY26; Tech & Digital Surges 27.2% Y-o-Y; Netcash position improves to ₹182Cr

Delivers sequential momentum with 2.5% QoQ revenue growth, with EBITDA margin at 11.0%; Secured 29 new logos including a landmark dual-hub Enterprise AI CoE for Global P&C Insurance Major.

BENGALURU | May 18, 2026: Digitide Solutions Limited (“Digitide”) (BSE: 544413 | NSE: DIGITIDE), an AI-first digital transformation partner for global enterprises, today announced its audited financial results for the fourth quarter and full fiscal year ended March 31, 2026.

Key Financial & Operational Highlights

Q4 FY26 Performance (Sequential QoQ Progress)

• Revenue Expansion: Consolidated revenue reached an all-time high of ₹800 Cr, growing 2.5% sequentially and 9.2% year-on-year, marking five consecutive quarters of forward momentum.
• High-Margin Tech & Digital Growth: Climbed 5.8% sequentially (and 27.2% YoY) to ₹249 Cr, expanding its share to 31.1% of the total business mix.
• International Acceleration: Expanded 4.3% sequentially (and 16.4% YoY) to ₹304 Cr, with international business scaling to 38.1% of revenue.
• EBITDA & Operating Leverage: EBITDA stood at ₹88 Cr, broadly stable sequentially, with an EBITDA margin of 11.0% after absorbing the impact of the new wage code (~₹4 Cr).
• Robust Balance Sheet & Cash Conversion: Delivered an exceptional operating cash flow of ₹145 Cr, representing 165% of EBITDA. Working capital cycles optimized sharply with Days Sales Outstanding (DSO) reducing to 75 days. Net cash stood at ₹182 Cr, up 46% sequentially from ₹125 Cr in Q3, ensuring an unencumbered runway for growth.
• Commercial Booking Momentum: Total Contract Value (TCV) bookings reached ₹620 Cr, marking the second consecutive quarter of 600Cr+ TCV. The company added 29 key logos during the quarter, including 8 international logos.

Full Year FY26 Performance

• Revenue: Stood at ₹3,080 Cr, up 7.1% year-on-year.
• Tech & Digital Shift: Tech & Digital revenue grew to ₹910 Cr, representing 29.6% of the overall business mix.
• EBITDA: Reached ₹343 Cr with a full-year EBITDA margin of 11.1%.
• Adjusted Profitability: Adjusted PAT (excluding non-recurring transitional items) stood at ₹11 Cr for Q4FY26 and ₹70 Cr for the full year.

Highlights for the Fourth Quarter and Fiscal Year Ended March 31, 2026

Financial Performance

In ₹ Cr	Q3 FY26	Q4 FY26	QoQ	YoY	FY25	FY26	YoY
Revenue	780	800	2.5%	9.2%	2,875	3,080	7.1%
EBITDA	88	88	0.4%	6.9%	401	343	-14.4%
EBITDA %	11.2%	11.0%	-23 bps	-24 bps	13.9%	11.1%	-280bps
Adj PAT*	24	11	-53.1%	-60.8%	133	70	-47.1%
Adj PAT %	3.0%	1.4%	-165bps	-249bps	4.6%	2.3%	-235bps
PAT	-2	-5			108	6
PAT %	-0.3%	-0.6%			3.8%	0.2%

*Adjusted PAT excludes exceptional / one-time items.

Q4 FY26 exceptional items stood at ~₹16 Cr, mainly including wage code-related impact. For FY26, exceptional items totalled ~₹65 Cr, primarily comprising wage code impact of ~₹41 Cr, demerger-related costs of ~₹23 Cr

FY25 exceptional items were demerger-related and amounted to ~₹25 Cr.

Segment Performance

	Q3 FY26 ₹ Cr	Q3 Mix	Q4 FY26 ₹ Cr	Q4 Mix	QoQ	YoY	FY26 ₹ Cr	FY26 Mix
BPM	545	69.8%	551	68.9%	1.1%	2.6%	2,170	70.4%
Tech & Digital	236	30.2%	249	31.1%	5.8%	27.2%	910	29.6%
Total	780	100.0%	800	100%	2.5%	9.2%	3,080	100%

 

	Q3 FY26 ₹ Cr	Q3 Mix	Q4 FY26 ₹ Cr	Q4 Mix	QoQ	YoY	FY26 ₹ Cr	FY26 Mix
Domestic	488	62.6%	496	61.9%	1.5%	5.2%	1,931	62.7%
International	292	37.4%	304	38.1%	4.3%	16.4%	1,149	37.3%
Total	780	100.0%	800	100.0%	2.5%	9.2%	3,080	100.0%

Geographical Highlights

High-Value Commercial AI Execution & Strategic Moats

Digitide continues to aggressively monetize its AI capabilities, shifting from pilots to large-scale, production-ready enterprise engagements.

• Landmark Global AI Win & Tier-2/3 Strategy: Digitide has secured multiple milestone enterprise AI engagements, headlined by winning a mandate to establish a dedicated AI Center of Excellence (CoE) for a Global P&C Insurance major across Bengaluru and Coimbatore. The selection of Coimbatore underscores Digitide’s early, deliberate bet on Tier-2 and Tier-3 cities, which has now crystallized into a structural competitive advantage. By building deep engineering roots in these hubs, Digitide bypasses the severe talent attrition and escalating cost pressures of primary metros. This provides clients with a highly stable, elite, and cost-optimized delivery model for complex automation workloads.
• Proprietary AI IP: This multi-location CoE leverages Digitide’s proprietary Pulse.Nerve, an advanced agentic framework powered by Model Context Protocol (MCP). In production environments, Pulse.Nerve is already delivering over 40% productivity gains and up to 3x faster deployment cycles.
• Hyperscaler Alliances: Growth was further fortified by deep, formalized co-sell pipelines across AWS, Microsoft Azure, and Google Cloud, specifically targeting cloud transformation and advanced Data & Analytics architectures.
• Industry-Leading Talent Retention: Providing a steady framework for this execution is Digitide’s world-class workplace environment. The company was officially Ranked 3rd among India’s Best Workplaces™ in Health & Wellness 2026: Companies that Care by Great Place to Work India, alongside celebrating its seventh consecutive year of Great Place to Work certification.

Gurmeet Chahal, Chief Executive Officer of Digitide Solutions Limited, stated: “We have closed our first year as an independent listed entity on a strong note, demonstrating our ability to execute with intense operational discipline in a complex global environment. Our fifth consecutive quarter of sequential revenue growth to ₹800 Cr, paired with a massive 27.2% YoY surge in Tech & Digital, validates our rapid repositioning into an AI-first digital leader. Our commercial booking momentum remains stellar, with ₹620 Cr in Q4 TCV and the acquisition of 29 high-caliber logos.

Our milestone enterprise AI CoE win for a Global P&C Insurance giant validates our deep domain verticalization and our early localization strategy in Tier-2 and Tier-3 hubs like Coimbatore. As we pivot into FY27, our priorities are absolute: scale high-value services, deepen our alliance pipelines with hyperscalers, expand our international footprint, and rigorously cultivate our talent ecosystem to sustain high-velocity revenue growth and compound long-term shareholder value.”

Suraj Prasad, Chief Financial Officer of Digitide Solutions Limited, added: “Our performance this quarter underscores a structurally improving business mix and continued operating discipline, with EBITDA at ₹88 Cr and EBITDA margin at 11.0%. Our focus on aggressive working capital optimization yielded an extraordinary operating cash flow of ₹145 Cr, converting a stellar 165% of our EBITDA, while successfully lowering our DSO to 75 days.

With our net cash climbing 46% quarter-on-quarter to ₹182 Cr, our balance sheet is rock-solid. Having fully absorbed our one-off transitional and wage restructuring items in FY26, we enter FY27 with a clean financial architecture and robust liquidity, giving us total flexibility to fund disciplined, high-return growth initiatives.” 

Way Forward: Strategic Growth Vectors for FY27

As Digitide enters FY27, the organization is pivoting from a year of intense foundation-building to a phase of disciplined, non-linear acceleration. Capitalizing on the structural momentum built through FY26, the company’s execution roadmap is anchored to four high-impact strategic vectors:

• Monetizing Enterprise AI at Scale via Hybrid Delivery Hubs: Digitide will aggressively scale its AI-first positioning by duplicating the milestone multi-location Center of Excellence (CoE) framework established in Q4. By expanding complex workloads into established Tier-2 and Tier-3 talent hubs like Coimbatore, the company will optimize its delivery cost architecture while shielding clients from metro-centric attrition pressures. Production delivery will continue to be accelerated through proprietary IP, including the Pulse.Nerve agentic framework, to lock in structural speed and productivity advantages.
• Driving High-Value, Partnership-Led International Growth: The company will leverage its healthy sales pipeline and formalized alliances across all three major hyperscalers — AWS, Microsoft Azure, and Google Cloud — to accelerate double-digit revenue growth, led by North America and priority international markets. GTM efforts will be reinforced by sharper verticalization across primary industries like Property & Casualty (P&C) Insurance and Healthcare.
• Amplifying Operational Leverage & Margin Expansion: To hit the targeted 100 basis point margin expansion by FY27 exit, Digitide is institutionalizing rigorous sales governance, tighter delivery discipline, and an organizational culture focused on speed and accountability. This operational focus is designed to protect project yields, maintain low DSO cycles, and maximize operating cash flows to ensure consistent quarter-on-quarter profitability gains.
• Nurturing Talent Excellence as an Execution Moat: Recognizing that specialized engineering talent is the critical dependency for digital transformation, Digitide will continue deep capability investments through its advanced upskilling academies. By maintaining its status as one of India’s Top 10 Best Workplaces™ in Health & Wellness, the company ensures high execution predictability and an elite retention profile to capture expanding enterprise market share.

Backed by a highly differentiated solutions portfolio, robust balance sheet liquidity, and exceptional customer trust, Digitide is strongly positioned to drive compounding, sustainable growth and maximize long-term stakeholder value in the year ahead.