DiGiSPICE Reports FY26 Profit Turnaround; Q4 Net Profit Rises QoQ
DiGiSPICE Technologies returned to full-year profitability with a consolidated net profit of Rs 1,926.20 lakh in FY26, reversing a loss of Rs 3,888.50 lakh in FY25. Q4 FY26 net profit improved sequentially to Rs 27M from Rs 24M in Q3, though EBIT swung to a loss of Rs 7M versus a gain of Rs 39M QoQ, with Q3 having included an exceptional item of Rs 413M. The board also approved a Scheme of Amalgamation involving Spice Money Limited and two other entities.
*this image is generated using AI for illustrative purposes only.
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 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.
Consolidated 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 FY25.
The following table presents the consolidated financial performance on both a year-on-year and sequential basis:
| Metric | Q4 FY26 (Rs in Lakhs) | Q4 FY25 (Rs in Lakhs) | FY26 (Rs in Lakhs) | FY25 (Rs in Lakhs) |
|---|---|---|---|---|
| Total Income | 11,463.04 | 12,288.33 | 48,926.15 | 47,326.67 |
| Total Expenses | 10,835.22 | 11,844.88 | 45,410.57 | 46,024.00 |
| Net Profit | 276.22 | (1,225.37) | 1,926.20 | (3,888.50) |
| EPS (Basic) | 0.11 | (0.53) | 0.81 | (1.68) |
Q4 Sequential (QoQ) Highlights
On a sequential basis, Q4 FY26 consolidated net profit rose to Rs 27M from Rs 24M in Q3 FY26, reflecting continued improvement at the bottom line. Revenue remained broadly stable at Rs 1.1B compared to Rs 1.1B in the prior quarter. However, EBIT swung to a loss of Rs 7M in Q4 FY26 from a gain of Rs 39M in Q3 FY26. Notably, Q3 FY26 included an exceptional item of Rs 413M, and profit before exceptional item and tax for Q4 FY26 stood at Rs 628M compared to Rs 922M in Q3 FY26.
| Metric | Q4 FY26 | Q3 FY26 (QoQ) |
|---|---|---|
| Revenue | Rs 1.1B | Rs 1.1B |
| EBIT | Loss of Rs 7M | Gain of Rs 39M |
| Net Profit | Rs 27M | Rs 24M |
| Exceptional Item | — | Rs 413M |
| Profit Before Exceptional Item & Tax | Rs 628M | Rs 922M |
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 to Rs 392.90 lakh from Rs 5,362.08 lakh in FY25. Total income for the year stood at Rs 818.85 lakh, while total expenses reduced significantly to Rs 964.78 lakh from Rs 1,515.32 lakh in the previous year.
Operational Updates
The Board noted that the Digital Technology Services business has been classified as discontinued operations following its closure on July 1, 2024. The company continues to focus on its Financial Technology Services segment through its subsidiary Spice Money Limited. Additionally, the board approved a proposed Scheme of Amalgamation to merge Spice Money Limited, E-Arth Travel Solutions Private Limited, and Vikanti Fintech Private Limited with the company, subject to necessary regulatory approvals.
The statutory auditors, S. R. Batliboi & Co. LLP, issued an unmodified opinion on the audited financial results. The trading window for designated persons, which closed on April 1, 2026, will reopen on May 15, 2026.
Historical Stock Returns for Digispice Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.92% | -5.19% | +15.30% | -17.29% | -0.55% | -48.45% |
How will the proposed merger of Spice Money Limited, E-Arth Travel Solutions, and Vikanti Fintech with DiGiSPICE affect the company's revenue mix and valuation once regulatory approvals are secured?
With the Digital Technology Services segment fully discontinued, can Spice Money Limited's fintech operations alone sustain and grow DiGiSPICE's profitability trajectory into FY27?
What competitive pressures from larger fintech players like Paytm and PhonePe could challenge Spice Money's rural financial services growth in the coming fiscal year?
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