DiGiSPICE Technologies Limited has announced its financial results for the quarter and year ended March 31, 2026. The company reported a Profit After Tax (PAT) from continuing business of ₹25.4 Cr for FY26, a significant increase from ₹6.5 Cr in FY25. For Q4 FY26, PAT stood at ₹4.5 Cr, up 72% year-on-year. Overall PAT for the year reached ₹19.3 Cr compared to ₹0.2 Cr in the previous year.

Financial Performance

Revenue from operations for FY26 grew by 4% to ₹464.6 Cr, primarily driven by higher Gross Transaction Value (GTV). The company's EBITDA rose 6.8x to ₹20.8 Cr in FY26, supported by a 13% increase in gross margins to ₹201.2 Cr. Gross margins improved due to higher GTV and margin rate enhancements, while indirect costs remained controlled.

Operational Highlights

The company achieved a GTV of ₹1,27,895 Cr in FY26, a 10.5% increase over the previous year. AEPS GTV grew 15.9% year-on-year to ₹59,405 Cr, with market share in Off-Us AEPS rising to 18.41%. The Collections business GTV increased to ₹52,051 Cr, and the company opened 210+ new banking outlets in partnership with NSDL.

Business Updates

DiGiSPICE noted that its credit operations are nearing breakeven, with improving gross margins and strengthening unit economics. The company has launched insurance offerings and is scaling up its FD-backed credit card. A merger application was presented before the NCLT, where the first motion was accepted; the company is in the process of convening a shareholder meeting for approval.

The earnings conference call to discuss these results is scheduled for May 18, 2026, at 12:00 PM.

DiGiSPICE Technologies has reported its audited financial results for the quarter and fiscal year ended March 31, 2026. The Board of Directors approved the standalone and consolidated results in a meeting held on May 13, 2026. The audited standalone and consolidated financial results were subsequently published in Financial Express (English Edition) and Jansatta (Hindi Edition) on May 15, 2026, in compliance with Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has returned to profitability for the full fiscal year, recording a consolidated net profit of Rs 1,926.20 lakh compared to a net loss of Rs 3,888.50 lakh in the previous year. The statutory auditors, S. R. Batliboi & Co. LLP, issued an unmodified opinion on both the standalone and consolidated audited financial results.

Consolidated Financial Performance

For the quarter ended March 31, 2026, the company reported a consolidated net profit of Rs 276.22 lakh, a significant turnaround from the net loss of Rs 1,225.37 lakh in the corresponding quarter of the previous year. Total income for the quarter stood at Rs 11,463.04 lakh, while total expenses were Rs 10,835.22 lakh. For the full year, total income increased to Rs 48,926.15 lakh from Rs 47,326.67 lakh in the previous year. The following table presents the consolidated financial performance on both a year-on-year and sequential basis:

On a sequential basis, Q4 FY26 consolidated net profit rose to Rs 276.22 lakh from Rs 241.01 lakh in Q3 FY26. However, profit before exceptional items and tax declined to Rs 627.82 lakh in Q4 FY26 from Rs 921.98 lakh in Q3 FY26, partly because Q3 FY26 included an exceptional item of Rs 412.59 lakh relating to the statutory impact of new Labour Codes. Earnings per share (basic) for continuing and discontinued operations combined stood at Rs 0.11 for Q4 FY26, compared to Rs (0.53) in Q4 FY25.

Segment Performance

The company operates through a single reportable segment — Financial Technology Services (Spice Money) — for continuing operations. Segment revenue from operations for the Financial Technology Services segment stood at Rs 10,717.23 lakh for Q4 FY26 and Rs 46,464.56 lakh for the full year, compared to Rs 44,847.55 lakh in the previous year. Segment results (profit before exceptional items, interest, and tax) for the segment were Rs 745.83 lakh in Q4 FY26 and Rs 4,279.71 lakh for FY26, against Rs 2,794.90 lakh in FY25. The following table summarises segment assets and liabilities:

Standalone Results

On a standalone basis, the company reported a profit after tax of Rs 65.38 lakh for the quarter ended March 31, 2026, compared to a loss of Rs 1,721.29 lakh in the same period last year. For the full year, the standalone net loss narrowed significantly to Rs 392.90 lakh from Rs 5,362.08 lakh in the previous year. Total income for the year stood at Rs 818.85 lakh against Rs 696.94 lakh in the previous year, while total expenses reduced to Rs 964.78 lakh from Rs 1,515.32 lakh. The standalone balance sheet as at March 31, 2026 reflected total assets of Rs 17,873.02 lakh and total equity of Rs 16,457.95 lakh.

During the year, 8,48,000 equity shares with face value of Rs 3 each were issued and allotted under the DTL Employees Stock Option Plan-2018, increasing the issued and paid-up share capital to Rs 6,252.10 lakh. Standalone cash and cash equivalents at the end of the year stood at Rs 115.47 lakh, compared to Rs 152.29 lakh at the beginning of the year, with net cash used in operating activities of Rs 1,101.55 lakh and net cash from investing activities of Rs 957.92 lakh.

Discontinued Operations & Exceptional Items

The Digital Technology Services (DTS) business was classified as discontinued operations following its complete closure on July 1, 2024. At the consolidated level, the loss after tax from discontinued operations was Rs 283.18 lakh for FY26, compared to Rs 634.62 lakh in FY25. At the standalone level, the loss after tax from discontinued operations was Rs 161.44 lakh for FY26, compared to Rs 4,543.70 lakh in FY25, the prior year having included a provision for diminution in value of investments of Rs 4,102.72 lakh as an exceptional item.

An exceptional item of Rs 412.59 lakh was recognised at the consolidated level during the year ended March 31, 2026, representing the statutory impact of the four new Labour Codes notified by the Government of India on November 21, 2025. The incremental impact, consisting of gratuity of Rs 278.92 lakh and compensated absences of Rs 133.67 lakh, primarily arises due to a change in wage definition. Consequently, tax expenses were reduced by Rs 82.32 lakh during the year, reflected as deferred tax.

Distributor Fraud Disclosure

The company disclosed that a subsidiary discovered, subsequent to the year end, that one of its distributors had wrongfully obtained credit in its merchant wallet without any actual deposit of funds. Based on the investigation conducted by the subsidiary, the amount involved is estimated at Rs 509.75 lakh as at March 31, 2026. The subsidiary has entered into an agreement with the concerned distributor for repayment of the entire amount over a period of three years, and has recorded a provision of Rs 400 lakh against the receivable of Rs 509.75 lakh based on its best estimate of recovery. The subsidiary has discontinued its process of providing credit to merchant wallet accounts without verification of actual receipt of funds, and an independent expert has been appointed to investigate the matter, including evaluating aspects related to staff accountability. The investigation is currently ongoing.

Operational & Corporate Updates

The Board of Directors approved a Scheme of Amalgamation to merge Spice Money Limited, E-Arth Travel Solutions Private Limited, and Vikanti Fintech Private Limited with the company. The company has received a No Objection from the Reserve Bank of India, an observation letter with "no adverse observations" from BSE Limited on September 18, 2025, and an observation letter with "no objection" from the National Stock Exchange of India Limited on September 19, 2025. The National Company Law Tribunal (NCLT) has issued an order to convene a meeting of equity shareholders, which the company will schedule in due course. The Scheme remains conditional upon NCLT and regulatory approvals, and the disposal of equity shareholding held by the Independent Non-Promoter (Spice Employee Benefit) Trust and Independent Non-Promoter Trust. Additionally, during the quarter ended June 30, 2025, the company acquired an additional 1.94% stake in Spice Money Limited from a non-controlling interest holder for a consideration of Rs 449.90 lakh, and Spice Digital FZCO, a step-down subsidiary, was wound up and dissolved on April 18, 2025.

Shareholder & Compliance Notices

The company has issued a notice regarding unclaimed and unpaid dividends, informing shareholders that it will initiate action for transferring shares of those shareholders whose dividend for the financial year 2018-19 has remained unclaimed or unpaid for more than seven years, within 30 days from the due date of November 1, 2026. Shareholders are advised to verify their details and contact the Company's Registrar and Share Transfer Agent, MAS Service Limited, to update KYC and bank details to facilitate electronic payment of unpaid dividends. Shareholders whose dividends have already been transferred to the Investor Education and Protection Fund (IEPF) may reclaim them by submitting Form IEPF-5 as per applicable rules.

Additionally, pursuant to SEBI master circular dated February 06, 2026, a special window has been opened from February 05, 2026 to February 04, 2027 to facilitate the transfer and dematerialisation of physical securities sold or purchased prior to April 01, 2019 that could not be lodged for registration of transfer or were rejected or returned due to deficiencies in documents or process. Securities transferred under this window will be credited to the transferee in demat mode only and will be subject to a lock-in period of one year from the date of registration of transfer. Shareholders with queries on this matter may contact MAS Service Limited at investor@masserv.com .