Latest news with #DigitideSolutions
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Business Standard
27-06-2025
- Business
- Business Standard
Digitide Solutions share price tanks 7%, hits 52-week low on weak Q4 show
Digitide Solutions share price: Digitide Solutions shares dropped as much as 7.12 per cent to hit a fresh 52-week low of ₹202.05 per share on Friday, June 27, 2025. Around 12:15 PM, Digitide Solutions share price was trading 6.60 per cent lower at ₹203.20. In comparison, BSE Sensex was trading 0.19 per cent higher at 83,918.89 levels. Why was Digitide Solutions' share under pressure today? Digitide Solutions share price was under pressure today after the company posted a weak set of results in the March quarter of FY25 (Q4FY25). The company posted a net loss of ₹9.2 crore in the March quarter of FY25 (Q4FY25), as against a profit of ₹5.2 crore in the December quarter of FY25 (Q3FY25). Its revenue remained flat sequentially (Q-o-Q) at ₹732.5 crore. At the operating level, earnings before interest, tax, depreciation and amortisation (Ebitda) slipped 25.9 per cent Q-o-Q to ₹81.8 crore, from ₹110.4 crore in the previous quarter of the same financial year (Q3FY25). Subsequently, Ebitda margin squeezed 390 basis points (bps) to 11.2 per cent in Q4FY25, from 15.1 per cent in Q3FY25. Digitide Solutions shares were listed on the BSE and NSE on June 11, 2025, following a three-way demerger of Quess Corp. The restructuring resulted in the creation of three listed entities including Quess Corp, Digitide Solutions, and Bluspring Enterprises. Gurmeet Chahal, chief executive officer, Digitide Solutions said, 'FY25 was a defining year for us, where Digitide emerged as an independent listed entity. The demerger was not just a structural shift, but a strategic decision to give sharper focus to our digital services business and allow us to operate with greater clarity and purpose. We spent the year laying a strong foundation, streamlining the portfolio, building a seasoned leadership team, and realigning our offerings around high-margin, high-potential verticals.' Chahal added, 'Our full-year performance reflects this transition. We closed the year with healthy momentum, booking over ₹568 crore in deals and adding marquee clients across geographies. With the portfolio now reset and execution levers firmly in place, we are entering FY26 with optimism, a strong pipeline, and a clear focus on profitability and diƯerentiated digital value.' Digitide Solutions outlook The company said that it remains focused on scaling its digital and AI-first capabilities across global markets. 'With a simplified portfolio, a strengthened leadership team, and an agile go-to-market strategy, the company is well-positioned to deepen client engagements and unlock long-term value for stakeholders in FY26 and beyond,' Digitide Solutions said, in a statement. About Digitide Solutions Digitide Solutions is a global provider of technology-enabled business services, with a strong focus on digital transformation, AI-powered solutions, and business process management. Headquartered in India, the company serves a wide range of industries including BFSI, technology, healthcare, automotive, manufacturing, retail, telecom, and the public sector. The company's specialised platforms in insurance, customer experience (CX), collections, HR and payroll, talent acquisition, and finance and accounting offer intelligent, customised solutions aimed at driving business efficiency and long-term growth.
Business Standard
11-06-2025
- Business
- Business Standard
Digitide Solutions, Bluspring Enterprises debut after Quess Corp demerger
Shares of Digitide Solutions and Bluspring Enterprises were listed on the NSE and BSE today, 11 June 2025, following their demerger from Quess Corp. Digitide Solutions opened at Rs 245 per share on the BSE, while Bluspring Enterprises listed at Rs 86.95. Meanwhile, Quess Corp shares slipped 1.23% to trade at Rs 316.55. The demerger forms part of Quess Corps broader restructuring strategy, aimed at sharpening business focus and unlocking shareholder value. Under this realignment, the company has split its operations into three standalone verticals. Quess Corp will continue to house Indias largest workforce management company with a headcount of over 5 lakh and a footprint across 9 countries. Digitide Solutions will offer a comprehensive suite of solutions including BPM Services, Insurtech and HRO. With operations across 30 countries and delivery centres in Manila and India, it is well-positioned to capitalize on emerging BPM opportunities across diverse sectors. Digitide will leverage AI-driven technology to enable businesses in transforming data into enterprise power, provide real-time insights, automation, and scalability. Bluspring Enterprises will be an infra services company operating primarily in the areas of facility management, food services, security services, industrial and telecom infrastructure maintenance. Additionally, foundit - an AI driven white-collar job portal and candidate services platform, will be part of Bluspring Enterprises. In accordance with the demerger terms, shareholders received one share each in Digitide and Bluspring for every share held in Quess Corp. The move is intended to simplify the groups structure, giving each business the independence to pursue sector-specific strategies and scale their operations more efficiently. With clearly defined roles and leadership, the three entities are now positioned to address their respective markets with greater agility and focus.
