Allied Digital Services Limited — Updates, 31-01-2025: Press Release

Allied Digital Services Limited (ADSL) reported strong financial results for the third quarter and nine months ended December 31, 2024, with consolidated revenue of ₹221 crore, a 29% year-on-year increase. EBITDA rose to ₹27 crore, also up 29% YoY, while PAT surged by 52% to ₹18 crore, driven by operational efficiencies. The EBITDA margin improved by 100 basis points quarter-on-quarter, and PAT margin increased by 200 basis points, indicating solid financial health.

Key developments include securing orders exceeding ₹200 crore from various sectors, including a notable contract to provide IT services for a U.S.-based eyecare provider and a cybersecurity project for a large vaccine manufacturer. The company was recognized with multiple awards for its commitment to CSR and its workplace culture.

Moving forward, ADSL's robust order book, especially in sectors like Smart Cities and IT services, signals a positive outlook, with anticipated growth as market conditions improve internationally and domestically. Investors should watch closely as ADSL capitalizes on these opportunities.