ADSL
Allied Digital Services financials
- Market cap
- ₹639 Cr
- Sector
- Information Technology
- Calls analysed
- 7
Allied Digital Services Limited Q1 FY27
What went well
- Revenue of ₹260 crores, up 19% YoY, reflecting resilient performance.
- Profit Before Tax (PBT) grew 19% to ₹17 crores, demonstrating disciplined execution.
- Achieved a significant milestone with trailing 12-month revenue crossing ₹1,000 crores, reaching ₹1,009 crores.
What to watch
- EBITDA margin at 10% for Q1 FY27, with management acknowledging competitive pressures and demand for margin reduction.
- PAT declined to ₹12 crores from ₹14 crores YoY, primarily due to a significantly higher tax provision of ₹4.5 crores this quarter compared to a tax gain last year.
What Allied Digital Services Limited does
Allied Digital Services provides IT infrastructure and digital-transformation services organised into two commercial buckets: annuity-style Services (managed IT support, service desk, deskside/workplace management, cybersecurity operations) and project-based Solutions (system integration, smart-city and command-and-control-centre deployments). Its practice areas span Software Services (built around its proprietary Digital Desk platform, formerly ADiTaaS), Cloud & Infrastructure Services (AWS/Azure/GCP/VMware), Cybersecurity & Networking (AIM 360° framework, SOC/SIEM/SOAR), Digital Engineering (Master Systems Integrator for Safe City/Smart City, IoT, IBMS, command-and-control systems) and Workplace Management Services. It serves government and enterprise clients across sectors including BFSI, healthcare, retail, automotive, manufacturing/FMCG/oil & gas, and public-sector smart-city programs.
Segments
- Services (recurring)
- Solutions (projects)
- Digital Engineering Services
- Cloud & Infrastructure Services
- Cybersecurity & Networking Services
- Software Services
- Workplace Management Services
- Skilled professionals (employees)
- 3,000+
- Countries where solutions/support are delivered
- 70+
- Offices worldwide
- 20
- Customers
- 175
- Smart/Safe City projects executed
- 14
- Fortune 100 customers
- 10
Guidance record · Q1 FY27
what the last two calls moved 12 tracked 3 delivered 4 missed 5 open- Annualized Revenue delivered said Q3 FY25 Promised: FY '26 looks at a top line of about Rs. 1,000 crore Q1 FY27: Achieved trailing 12-month revenue of ₹1,009 crores, officially crossing the ₹1,000 crore mark on a TTM basis.
- EBITDA Margin missed said Q3 FY25 Promised: At present, we are at about 12% EBITDA. We will try to maintain 12% and try to improve from here on. Q1 FY27: EBITDA margin further declined to 10% in Q1 FY27, well below the original 12%+ target.
- Revenue Growth YoY on track said Q3 FY26 Promised: mid-teens will be a conservative growth target Q1 FY27: Q1 FY27 revenue grew 19% YoY, which is at the lower end but still broadly on track for the revised 20-25% guidance range for FY27.
All 12 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue down 4.3%, net profit down 17.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 91 | 100 | 100 | 95 | 101 +10% | 95 −5% | 97 −3% | 91 −4% |
| EBITDA | 10 | 10 | -14 | 9 | 9 −11% | 12 +18% | -27 −95% | 14 +57% |
| Net profit | 6 | 6 | -4 | 8 | 6 +10% | 4 −35% | -19 −339% | 7 −17% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −39.3% 1Y
1Y: ₹165.04 on 10 Sept 2025 → ₹100.21. High ₹203.19 (18 Sept 2025), low ₹87.17 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −2.2%
- 7 Aug
- Q4 FY26
- −5.8%
- 22 May
- Q3 FY26
- −3.7%
- 5 Feb
- Q2 FY26
- −3.5%
- 10 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 16.3% a year over 3 years, FY23 to FY26. Operating margin narrowed to 0.9%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹660 Cr | ₹287 Cr | ₹366 Cr | ₹388 Cr |
| Operating profit | ₹89 Cr | ₹43 Cr | ₹16 Cr | ₹3 Cr |
| Operating margin | 13.4% | 15.0% | 4.3% | 0.9% |
| Interest | ₹4 Cr | ₹5 Cr | ₹6 Cr | ₹10 Cr |
| Depreciation | ₹16 Cr | ₹8 Cr | ₹18 Cr | ₹11 Cr |
| Net profit | ₹7 Cr | ₹22 Cr | ₹11 Cr | ₹-1 Cr |
| Net margin | 1.0% | 7.7% | 2.9% | -0.2% |
| Cash from operations | ₹35 Cr | ₹-3 Cr | ₹10 Cr | ₹-40 Cr |
| Free cash flow | ₹23 Cr | ₹-6 Cr | ₹-2 Cr | ₹-50 Cr |
| ROCE | 3.0% | 7.0% | 8.0% | 1.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹25 Cr | ₹27 Cr | ₹27 Cr | ₹28 Cr | ₹28 Cr | ₹28 Cr |
| Reserves | ₹453 Cr | ₹466 Cr | ₹426 Cr | ₹564 Cr | ₹580 Cr | ₹445 Cr |
| Borrowings | ₹55 Cr | ₹43 Cr | ₹47 Cr | ₹55 Cr | ₹117 Cr | ₹121 Cr |
| Other liabilities | ₹69 Cr | ₹56 Cr | ₹50 Cr | ₹187 Cr | ₹263 Cr | ₹197 Cr |
| Total liabilities | ₹603 Cr | ₹592 Cr | ₹550 Cr | ₹834 Cr | ₹988 Cr | ₹791 Cr |
| Fixed assets | ₹159 Cr | ₹152 Cr | ₹166 Cr | ₹287 Cr | ₹268 Cr | ₹144 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹9 Cr |
| Investments | ₹156 Cr | ₹157 Cr | ₹156 Cr | ₹8 Cr | ₹9 Cr | ₹207 Cr |
| Other assets | ₹288 Cr | ₹282 Cr | ₹228 Cr | ₹538 Cr | ₹711 Cr | ₹431 Cr |
| Total assets | ₹603 Cr | ₹592 Cr | ₹550 Cr | ₹834 Cr | ₹988 Cr | ₹791 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +1.35 pp while FIIs trimmed −1.18 pp. The shareholder count shrank 3% to 74,142.
- Promoters
- 51.0%
- FIIs
- 0.1%
- Public
- 48.9%
Since Jun 2025
- Public +1.35 pp
- FIIs −1.18 pp
- Promoters −0.16 pp
How it drifted, 12 quarters
Over this window promoters fell from 52.4% to 51.0% — −1.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 52.4%, Public 47.6%.Dec '23: Promoters 52.3%, FIIs 1.1%, DIIs 0.0%, Public 46.7%.Mar '24: Promoters 52.2%, FIIs 1.0%, Public 46.8%.Jun '24: Promoters 52.1%, FIIs 1.8%, Public 46.1%.Sep '24: Promoters 51.7%, FIIs 2.0%, Public 46.3%.Dec '24: Promoters 51.3%, FIIs 1.7%, Public 47.0%.Mar '25: Promoters 51.2%, FIIs 1.4%, DIIs 0.1%, Public 47.3%.Jun '25: Promoters 51.2%, FIIs 1.3%, Public 47.5%.Sep '25: Promoters 51.1%, FIIs 1.2%, Public 47.7%.Dec '25: Promoters 51.1%, FIIs 0.8%, Public 48.1%.Mar '26: Promoters 51.1%, FIIs 0.4%, Public 48.5%.Jun '26: Promoters 51.0%, FIIs 0.1%, Public 48.9%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Prakash Dhanjibhai Shah acting as a beneficiary and family trustee of Padma Pragna Private Trust newly disclosed 0.39% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Allied Digital Services Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Nitin Dhanji Shah | 33.20% | unchanged |
| Tejal Prakash Shah | 16.13% | unchanged |
| Collab9, Llc | 2.63% | unchanged |
| Rohan Prakash Shah | 0.73% | unchanged |
| Prakash Dhanjibhai Shah acting as a beneficiary and family trustee of Padma Pragna Private Trust | 0.39% | newly disclosed |
| Vivil Investments Private Limited | 0.33% | unchanged |
| Nehal Nitin Shah | 0.20% | unchanged |
| Abhirati Properties Private Limited | 0.03% | unchanged |
| Ramesh Manilal Shah | 0.00% | unchanged |
| Dhara N Shah | 0.00% | unchanged |
| Prakash Shah acting as Benificary and family Trustee of Padma Pragna Private Trust | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Allied Digital Services Limited
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