ADAllied Digital Services532875Quarterly results

Board approves Q2 and H1 FY27 results; auditors' review unmodified with an emphasis of matter

Board met today (01:17 P.M. to 05:05 P.M. IST) and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with the auditors' Limited Review Reports.

By ScoutQuest · Tue 3 Nov 2026, 5:42 PM IST · 3 min read

Consolidated Q2 Revenue from Operations

26,532 (INR in lakhs)

Consolidated Q2 Profit After Tax

1,259 (INR in lakhs)

Loan to Subsidiary Converted to Equity

₹12,106 lakhs

Board meeting outcome

• The Board of Directors met on November 03, 2026, from 01:17 P.M. to 05:05 P.M. IST and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
• The Limited Review Reports from the statutory auditors, Singhi & Co., on the said results were also received and placed before the Board.

Results at a glance (all figures in INR in lakhs, as printed)

• Consolidated, quarter ended September 30, 2026: Revenue from operations 26,532, Total income 26,743, Profit after tax 1,259, basic EPS 2.22. A year earlier, in the quarter ended September 30, 2025, Revenue from operations was 23,370 and Profit after tax 1,542.
• Consolidated, half year ended September 30, 2026: Revenue from operations 52,581, Total income 53,053, Profit after tax 2,498, against 45,272 and 2,985 in the half year ended September 30, 2025.
• Standalone, quarter ended September 30, 2026: Revenue from operations 8,164, Total income 8,279, Profit before tax 642, Profit after tax 433, basic EPS 0.77 (September 30, 2025 quarter: Revenue from operations 10,058 and Profit after tax 521).
• Standalone, half year ended September 30, 2026: Revenue from operations 17,296, Profit after tax 1,099, against 19,604 and 1,420 in the half year ended September 30, 2025.
• Standalone balance sheet as at September 30, 2026: Total assets 83,981 (March 31, 2026: 79,115); non-current borrowings 7,081 and current borrowings 9,525 (March 31, 2026: 4,609 and 6,630).
• Standalone cash flow for the half year: Net cash generated from operating activities (2,847) and net cash generated from financing activities 3,749.

Other items disclosed in the notes

• Loan converted into equity: under an agreement dated 25 March 2026, the Company converted its outstanding interest-free loan of ₹12,106 lakhs given to its wholly owned subsidiary, Allied Digital Inc., USA, into equity shares of that subsidiary. The related updates under FEMA (Overseas Investment) Regulations, 2022 have been submitted to the Authorised Dealer bank, and the management states it does not expect any material adverse consequences from the pending process.
• ESOP allotment: the company allotted 82,075 and 136,475 fresh equity shares of face value Rs. 5 each during the quarter and half year respectively, on exercise of stock options vested under the ESOP Plan.
• Labour codes: following the consolidation of 29 labour legislations into 4 labour codes, Ind AS 19 required an increase in past service cost of gratuity of ₹130 lakhs, presented as a one-time charge under "Exceptional Item" and treated as a non-recurring event.
• Segment information is presented in the consolidated results; the standalone results do not carry a separate segment disclosure.

Auditor's review conclusion

• The auditors conducted a review under SRE 2410, which gives moderate assurance and is narrower in scope than a full audit.
• Conclusion: nothing came to their attention that causes them to believe the Statement has not disclosed the information required by Regulation 33 or that it contains any material misstatement.
• Emphasis of Matter: attention is drawn to Note 7 on the pending compliance with regulatory authorities for the conversion of the loan to equity in the subsidiary. The auditors state their conclusion is not modified in respect of this matter.

How to read this

• The update is the routine quarterly outcome: results approved by the Board, reviewed by the auditors, and taken on record by the exchanges.
• The review conclusion is unmodified, with an Emphasis of Matter that draws attention to a disclosed item rather than changing the conclusion.
• The one-time gratuity charge is presented separately from ordinary operations, and the share allotments under the ESOP plan increase the share capital base.

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