Digitide Solutions Limited, a leading tech-enabled business solutions provider, has reported a robust performance for the second quarter of fiscal year 2026, with significant growth in its technology and digital segment.

Key Financial Highlights

• Consolidated revenues reached INR 764.00 crores, up 4% sequentially and 7% year-on-year
• Tech and digital segment revenues surged 23% year-on-year, now contributing 30% of total revenue
• International business increased 6% sequentially and 4% year-on-year, accounting for 37% of total revenue
• EBITDA stood at INR 85.00 crores, up 3% sequentially with stable margins at 11.1%
• Adjusted PAT was INR 17.00 crores

Strategic Developments

Digitide Solutions has made significant strides in strengthening its market position and capabilities:

• Achieved Tier-1 partnership status with both AWS and Azure
• Expanded AI Center of Excellence in Bangalore
• Launched DigiAIWave upskilling program, targeting 10,000 professionals
• Recognized as a major contender in six Everest peak metrics

Business Performance

The company's focus on tech and digital services is yielding results:

Future Outlook

Digitide Solutions remains committed to its 3x3x3 strategy, aiming to triple revenues to USD 1 billion by FY31. The company expects margin expansion to begin in Q4 FY26 as demerger-related expenses are largely completed.

Gurmeet Chahal, CEO and Executive Director, commented, "Our investments in establishing Digitide as a standalone company, bringing in new leadership, and building advanced capabilities are deliberate and extremely necessary. While these actions have a short-term impact on our margins, they are critical to our long-term strategy and future success."

The company's focus on AI-led transformation and digital solutions is driving growth, with 50% of new deals being AI-enabled. Digitide Solutions booked INR 550.00 crores in Total Contract Value (TCV) for the third consecutive quarter and acquired 24 new client logos.

As Digitide Solutions continues to invest in capabilities and talent, it remains well-positioned to capitalize on the growing demand for AI and digital transformation services in the coming quarters.

Digitide Solutions , an AI-first digital transformation partner for global enterprises, has reported a one-time exceptional loss of ₹139.00 million in its Q2 results. This loss stems from a scheme of arrangement and business transfer involving demerged entities Bluspring Enterprises and other resulting companies.

Financial Highlights

Despite the exceptional loss, Digitide Solutions demonstrated resilience in its core operations:

• Revenue: Increased by 4.00% quarter-on-quarter (QoQ) and 7.00% year-on-year (YoY) to ₹764.00 crore.
• EBITDA: Stood at ₹85.00 crore, up 3.10% QoQ but down 17.60% YoY.
• Adjusted PAT: Reported at ₹17.00 crore, with a margin of 2.20%.

Segment Performance

The company's performance was marked by strong growth in its Tech & Digital segment:

• Tech & Digital: Revenue surged 16.00% QoQ and 23.00% YoY, driven by AI-led transformation initiatives.
• Business Process Management (BPM): Remained the larger segment, contributing 70.00% to the total revenue.

Operational Achievements

Digitide Solutions reported several operational milestones:

• Client Acquisition: Added 24 new logos, reinforcing sales momentum.
• Global Expansion: International business grew by 6.00% QoQ and 4.00% YoY.
• Total Contract Value (TCV): Bookings reached ₹550.00 crore, marking the third consecutive quarter above ₹500.00 crore.

Strategic Initiatives

The company has been actively pursuing its AI-first strategy:

• Expanded the AI Center of Excellence in Bengaluru.
• Achieved Tier 1 partner status with AWS and Microsoft Azure.
• Launched industry solution accelerators with key ISVs, enhancing vertical offerings.

Management Commentary

Gurmeet Chahal, Chief Executive Officer, stated, "Q2 marks a pivotal step in our transformation journey. Our AI-first strategy, strengthened partnerships, and focus on high-value segments are driving sustained growth and a robust, international pipeline."

Suraj Prasad, Chief Financial Officer, added, "This quarter reflects disciplined execution and financial resilience. Our strong balance sheet enables strategic investments in AI, automation, and talent, laying the foundation for sustainable growth."

Corporate Restructuring Impact

The reported exceptional loss of ₹139.00 million is attributed to corporate restructuring activities, specifically related to a scheme of arrangement and business transfer. This one-time expense, while impacting the quarter's bottom line, is not indicative of the company's regular business operations.

Financial Results Approval and Office Relocation

Digitide Solutions Limited's Board of Directors has approved the company's unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2025. The approval comes along with the limited review report from statutory auditors.

Additionally, the board has approved the relocation of the company's registered office within Bengaluru city limits. The new address will be New Municipal No. 1, Sri Subramanya Plaza, BTM Layout 1st stage, Ring Road, moving from its previous location at Bellandur Gate, Sarjapur Main Road. This change is set to take effect from November 5, 2025.

The decision to relocate the office was made to improve administrative convenience and enhance effective coordination. This move follows the company's demerger from Quess Corp Limited, establishing Digitide Solutions as an independent entity.

As Digitide Solutions continues to navigate its post-demerger landscape, the focus remains on leveraging its AI capabilities and expanding its global footprint in the digital transformation market.