Allied Digital Services Issues Revised Audited Financial Results for FY26; Receives Qualified Opinion
Allied Digital Services Limited (ADSL) has released revised audited consolidated financial results for the quarter and year ended March 31, 2026. The company notified the revised figures after identifying and correcting unintentional errors in previously submitted data.ADSL informed that the initial submissions contained errors, particularly regarding figures extracted from the Audited Consolidated Statement of Assets and Liabilities as at March 31, 2026, concerning Current Assets-Trade Receivable and Loans. Errors were also noted in the Audited Consolidated Statement of Cash Flow for the Year ended March 31, 2026, specifically in the Operating profit before working capital changes and Cash Flow from Investing activities. The revised results have been submitted to correct these inadvertent errors.
Qualified Opinion Issued by Independent Auditors
The independent auditors issued a Qualified Opinion on the Consolidated Financial Results of Allied Digital Services Limited for the quarter and year ended March 31, 2026.The audit qualification stemmed from non-compliance with the provisions of Section 186(7) of the Companies Act, 2013. The report noted that the company had granted interest-free loans to certain subsidiaries or related parties in earlier years, which constituted a non-compliance issue. Although some corrective actions were taken during the current year, including the conversion of one loan into equity via an agreement dated March 25, 2026, and charging interest on other continuing loans from April 1, 2025, the auditor reported that the company remained in non-compliance with Section 186(7) during part of the current year. Furthermore, the auditor noted that certain FEMA related reporting and compliance requirements for the loan-to-equity conversion were yet to be completed.
Key Consolidated Financial Highlights
The financial statements provide the following consolidated financial metrics for the year ended March 31, 2026, compared to the previous year.Consolidated Revenue and Profit
| Particulars | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|
| Revenue from operations | 96,791 INR Lakhs | 80,707 INR Lakhs |
| Total Income | 98,832 INR Lakhs | 85,167 INR Lakhs |
| Profit/ (Loss) before tax | 4,358 INR Lakhs | 6,077 INR Lakhs |
| Profit/ (Loss) after tax and income from Associates | 3,552 INR Lakhs | 3,211 INR Lakhs |
| Total Comprehensive Income / (loss) attributable to Shareholders | 2,769 INR Lakhs | - |
| Earnings per Share (Basic) | 6.30 | - |
Balance Sheet Summary
The total assets of the company as of March 31, 2026, stood at 105,819 INR Lakhs, compared to 92,535 INR Lakhs on the same date in the previous year.
| Component | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| TOTAL ASSETS | 105,819 INR Lakhs | 92,535 INR Lakhs |
| TOTAL EQUITY AND LIABILITIES | ||
| Total Equity | 67,124 INR Lakhs | 64,638 INR Lakhs |
| Total Liabilities | 38,695 INR Lakhs | 27,898 INR Lakhs |
Cash Flow Overview
The consolidated statement of cash flows for the year ended March 31, 2026, showed the following cash generation activity:| Activity | FY ended March 31, 2026 (Audited) | FY ended March 31, 2025 (Audited) |
|---|---|---|
| Net cash generated from operating activities | (7,852) INR Lakhs | 9,227 INR Lakhs |
| Net Cash generated/ (used) from investing activities | 510 INR Lakhs | (11,240) INR Lakhs |
| Net cash generated/ (used) from financing activities | 1,936 INR Lakhs | (1,845) INR Lakhs |
| Cash and cash equivalents at the end of the year | 13,407 INR Lakhs | 18,813 INR Lakhs |
The company reported that it is involved in the IT & ITeS Services, Global Managed Service Provider, and Systems Integrator business, serving clients across 70 countries.
The company’s subsidiaries include entities such as Allied Digital Asia Pacific Pty Limited, Allied Digital Singapore Pte Limited, and Allied Digital Services (UK) Limited. The consolidated financial results also incorporate data from 8 foreign subsidiaries and 2 Indian subsidiaries, which were not audited.
ADSL Stock Price Movement
As of 2:00 PM, Allied Digital Services Limited shares are edging higher to ₹123.99, rallying 1.45% today. The stock has seen total trading volume reaching 116,150 shares, reflecting solid buying interest in the live market.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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