Mumbai, January 31, 2025 – Allied Digital Services Limited (NSE: ADSL, BSE: 532875), a global IT services and solutions provider, announced its financial results for the third quarter (Q3 FY25) and nine-month period (9M FY25) ending December 31, 2024, showcasing robust growth across key financial metrics.
Key Financial Highlights (Consolidated)
Metrics (Rs. Cr)
Q3 FY25
Q2 FY25
Q3 FY24
YoY Growth
9M FY25
9M FY24
YoY Growth
Revenue
221
203
171
+29%
603
510
+18%
EBITDA
27
23
21
+29%
70
60
+17%
EBITDA Margin
12%
11%
12%
+30 Bps
12%
12%
-
PBT
20
16
16
+25%
50
44
+13%
PAT
18
12
12
+52%
40
32
+25%
PAT Margin
8%
6%
7%
+100 Bps
7%
6%
+100 Bps
Segment-Wise Performance
Revenue by Geography
Region
Q3 FY25
Q3 FY24
YoY Growth
9M FY25
9M FY24
YoY Growth
India
84
54
+56%
220
161
+37%
Rest of the World (ROW)
136
117
+16%
383
349
+10%
Revenue by Business Segment
Segment
Q3 FY25
Q3 FY24
YoY Growth
9M FY25
9M FY24
YoY Growth
Services
168
138
+22%
428
428
-
Solutions
52
33
+59%
175
83
+112%
Revenue by Customer Type
Customer
Q3 FY25
Q3 FY24
YoY Growth
9M FY25
9M FY24
YoY Growth
Government
52
27
+94%
148
85
+75%
Non-Government
168
144
+17%
454
425
+7%
Operational and Strategic Highlights
New Order Wins: Booked over ₹200 crore in new orders, including major multi-year contracts.
Notable Project Wins:
Leading American Investment Bank: Providing global IT service desk support.
Major USA-Based Eye Care Provider: IT infrastructure management.
Top Indian Public Sector Bank: Data center and disaster recovery solutions.
Cybersecurity for Global Vaccine Manufacturer: Strengthening IT security for operational infrastructure.
Advanced Driver Assistance Systems (ADAS): Implementing technology for a leading Indian automotive company.
Cloud Deployment Project: Simplifying government approvals in the housing sector.
Management Commentary
Mr. Nitin D. Shah, Chairman & Managing Director, Allied Digital Services Limited, stated: "We are delighted to report a strong quarter, with revenue surpassing ₹200 crore for the second consecutive quarter. Our India business remains a key driver, growing at 45% YoY, while global markets are stabilizing. The company’s investments in AI, cybersecurity, and cloud transformation are yielding significant results, positioning us well for long-term growth."
Outlook
Government Projects: Continued demand in Smart Cities, Digital Infrastructure, and Cybersecurity.
Enterprise Market: Early signs of recovery in IT spending across the US and global markets.
Technology Investments: Focus on next-gen solutions including Cloud, AI, Big Data, and Cybersecurity.
With strong financial momentum, a diversified order book, and expanding global presence, Allied Digital Services is well-positioned for continued growth in FY25 and beyond.
Awards & Recognitions
National Award for Excellence in CSR for contributions to education and community development.
Best Employer Brand recognition for fostering an inclusive work culture.
ET EDGE Best Brand Award for the third consecutive year.
Great Place to Work® Certification for the second consecutive year.
Conclusion
Allied Digital Services delivered a strong Q3 FY25 performance, with revenue growing 29% YoY, EBITDA up 29%, and PAT surging 52%. Strong government and enterprise demand, alongside expanding IT solutions and cybersecurity services, positions the company for sustained future growth.