Digitide posts record INR 800 crore quarterly revenue in Q4FY26

Bengaluru, May 19 : Digitide Solutions Limited  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

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

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.

Findability Sciences Launches Rapid AI Readiness Assessment for Dairy Plants

India, May 19: Findability Sciences today launched the LactaAI™ Discovery and Readiness Assessment, a self-serve diagnostic built for dairy plant leaders who want a clear picture of where AI can deliver measurable value, without the months-long discovery cycle that typically precedes enterprise AI projects. 

The assessment runs in minutes, not months, and gives operations leaders, plant heads and CXOs three answers: where value is leaking across yield, energy, downtime, quality and reporting; whether existing systems (PLCs, SCADA, MES, ERP, LIMS) are ready to support AI; and where to start for the fastest, clearest return. 

“Most plant heads can name three places they’re losing money. What they cannot do is prove it fast enough to act,” said Anand Mahurkar, Founder and CEO, Findability Sciences. “This assessment closes that gap in minutes, not months. A plant leader walks out of it knowing exactly where AI can make a dent first, and what their systems will actually support.” 

The timing matters. Dairy processors globally are under pressure from tightening margins, rising energy costs and increasingly complex supply chains. The global dairy processing equipment market is projected to grow from USD 12.73 billion in 2025 to USD 17.36 billion by 2031 (Source: Mordor Intelligence), as operators accelerate the push toward smarter, higher-yield production. 

LactaAI is built around what Findability Sciences calls the data-to-decision gap: the lag between data existing inside a system and that data actually changing an operational call. The platform integrates plant-floor and enterprise data to surface not just what is happening, but why, and what needs to change. Deployments in comparable industrial environments have delivered 0.4 to 0.6 percent yield improvement, 8 to 15 percent energy recovery in utilities, and time-to-value in 6 to 10 weeks. Findability Sciences estimates large dairy operations can unlock between USD 1 million and USD 4 million in annual value per plant, depending on scale and product mix. 

About LactaAI LactaAI is Findability Sciences‘ industrial intelligence platform for dairy and whey processing. It covers milk, cheese, whey protein, lactose, drying, packaging, utilities, quality and enterprise operations, spanning both the plant floor (Lacta Insight) and the business layer (Lacta BPC). 

Keto Motors Debuts on Bombay Stock Exchange

Hyderabad, May 19: Keto Motors, a Hyderabad-based commercial electric vehicle manufacturer focused on sustainable mobility solutions, has debuted on the Bombay Stock Exchange (BSE) following the successful completion of its reverse merger with Taaza International Limited. The listing strengthens the company’s access to public capital markets as it expands manufacturing capabilities, electric bus development and commercial EV operations across India. 

The reverse merger, approved by the National Company Law Tribunal (NCLT), Hyderabad Bench in June 2025, enabled the transition of Taaza International Limited into Keto Motors Limited, subject to applicable regulatory and exchange compliances.

The listing comes as Keto Motors continues to scale its electric commercial mobility business through key initiatives including its INR 300 crore electric bus manufacturing project in Telangana and the upcoming commercial rollout of its Urbanova KE9 9-metre electric bus platform.

Keto Motors continues to strengthen its technology and manufacturing capabilities through its strategic association with TRON Energy Technology, a Taiwan-based EV technology provider with expertise in electric mobility and sustainable transportation systems. Through this collaboration, the company gains access to advanced battery systems, powertrain solutions and chassis engineering technologies for commercial EV platforms. 

Commenting on the listing, Mr. Venkatesh Challa, Director, Keto Motors, said: “Our BSE debut marks an important milestone in Keto Motors’ journey as we continue building a scalable electric commercial mobility business in India. This development strengthens our ability to expand manufacturing capabilities, accelerate product innovation, and support the growing adoption of sustainable transportation solutions across the country. We believe India’s commercial EV sector is entering a transformative phase, and Keto Motors is well-positioned to contribute meaningfully to this transition.”

He further added, “To all our shareholders, I would like to convey that this journey is not only about business growth, but also about contributing to India’s progress. We remain committed to building cutting-edge technology, world-class manufacturing capabilities, generating employment, and advancing sustainable mobility solutions that can play a meaningful role in the country’s growth story.”

The company is focused on addressing growing demand from State Transport Undertakings (STUs), institutional fleet operators, employee transportation providers, and urban mobility networks transitioning toward zero-emission transportation systems.

Keto Motors recently secured CMVR Type Approval certification for its Urbanova KE9 electric bus and is preparing for commercial deployments across multiple mobility applications. Manufacturing operations are being developed at the company’s integrated facility in Jadcherla, Telangana, which is expected to support advanced electric bus production and future scale expansion.

With India’s commercial EV transition accelerating, Keto Motors aims to strengthen its position across electric bus manufacturing, fleet mobility solutions and sustainable transportation infrastructure. 

Bricks & Minifigs® Launches Exclusive Customizable MOC Wall Clock and Nationwide Contest with Santoki, Distributor of LEGO®-Licensed Products

OREM, UTAH and AUBURN HILLS, MI— MAY 18, 2026 — Bricks & Minifigs®, an authorized LEGO® reseller specializing in buying, trading, and selling LEGO products and Santoki, US distributor of LEGO licensed LED lights, stationery and clocks, today announced a new national partnership celebrating the creativity of the LEGO MOC Wall Clock. The launch features a nationwide in-store building contest designed to create an in-store creative activity across all ages. The contest will run across more than 240 Bricks & Minifigs franchise locations in the U.S. from May 15 to July 14, 2026, to give communities across the country the opportunity to participate. The customizable MOC Wall Clock will be available for purchase in Bricks & Minifigs and LEGO Store locations during the promotional period.

“As Bricks & Minifigs continues to expand nationally and deepen our direct relationship with LEGO, we are thrilled to bring fun collaborations with Santoki and other official partners directly to consumers in our stores,” said Ammon McNeff, CEO of Bricks & Minifigs. “We love seeing local communities come together in our stores to participate in events, and this contest creates an exciting opportunity for customers to showcase their creativity while enjoying a family-friendly experience.”

How the contest will work:
Participants are invited to visit a Bricks & Minifigs store location to design a custom clock, photograph their completed creation, and submit their entry by scanning the provided QR code. Additionally, participants are encouraged to share their creations through social media using the #SantokiMOCClock.

The contest is open to builders of all ages; however, entries created by minors must be submitted by a parent or legal guardian. Entries will be reviewed by a team of judges evaluating the designs on creativity, functionality, and overall LEGO clock content to reach a decision for the top 10 finalists. Those selected will advance to a public voting round hosted on Santoki’s social media, allowing the LEGO community to help determine the winners. NO PURCHASE NECESSARY. Open to legal U.S. residents (50 states + DC). Ends July 14, 2026. Void where prohibited. Sponsored by Santoki. See Official Rules at https://santoki.com/pages/clockcontestrules

Grand Prize:
The Grand Prize winner will receive a $550 Bricks & Minifigs gift card. Additional prizes will be awarded to top placements and finalists, with total prize value exceeding $1,000, along with swag and promotional items.

This clock marks the first release in Santoki’s newest product line, LEGO Time by IQHK™, with additional clocks expected to roll out in the future.

“Our partnership with Bricks & Minifigs was a natural fit for this launch,” said Beth Muehlenkamp, VP of Product & Marketing at Santoki. “Bricks & Minifigs is widely known for its bins of bulk bricks, which create the perfect opportunity for customers to personalize a MOC clock that is entirely unique to their vision. The MOC Wall Clock is where creative expression meets timekeeping as fans can create again and again for the theme that best fits their room or mood. This is the first-ever national contest we have done, and we are excited to see the unmatched creativity of Bricks & Minifigs customers come to life.”