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All e Technologies saw consolidated revenue of INR 33.35 Cr in Q2 FY26, a 2.4% decline YoY, with half-year revenue at INR 67.42 Cr, up 0.6% YoY. Despite flat revenue, net profit for Q2 jumped 10.4% to INR 7.38 Cr, and for H1, it rose 6.5% to INR 13.69 Cr. EBITDA margins expanded impressively to 28.2% in Q2 (+420 bps YoY) and 26.2% in H1 (+220 bps YoY).
Growth in India is strong, driven by new customer additions and high interest in AI adoption, including a new CPQ IP with a pilot customer live and SAP customers opting for Microsoft solutions. International business, while having a healthy pipeline, experienced longer decision cycles due to global macroeconomic factors, shifting some deals to Q3.
The company's strategy focuses on embedding AI across all offerings, increasing mid-market customer share, and productizing solutions. As a top Microsoft Partner, Alletec is well-positioned in the fast-growing Microsoft AI Business Solutions suite. They are also evaluating inorganic growth opportunities in Microsoft BizApps, Data & AI.