Digilogic Systems H1FY27 PAT Surges 151% YoY

Financial Performance Highlights (H1FY27 vs H1FY26)

Income Statement (₹ in Crores):

• Total Income: ₹34.96 Cr (up 91.25% from ₹18.28 Cr in H1FY26)
• Operating Income: ₹33.18 Cr (up 82.51% from ₹18.18 Cr in H1FY26)
• EBITDA: ₹7.81 Cr (up 126.38% from ₹3.45 Cr in H1FY26)
• EBITDA Margin: 22.34% (expanded by 347 bps from 18.87% in H1FY26)
• Core EBITDA: ₹6.03 Cr (up 80.54% from ₹3.34 Cr in H1FY26)
• PBT: ₹6.75 Cr (up 175.51% from ₹2.45 Cr in H1FY26)
• PAT: ₹4.76 Cr (up 150.53% from ₹1.90 Cr in H1FY26)
• PAT Margin: 13.62% (expanded by 322 bps from 10.39% in H1FY26)
• EPS: ₹1.65 (up from ₹0.85 in H1FY26)

Reasons for Performance Improvement:

• Total Income growth attributed to better execution of orders on hand and faster turnaround of orders
• EBITDA growth driven by change in product mix, software value addition, and interest income from fixed deposits
• PAT growth aligned with increased EBITDA growth and interest income from fixed deposits

Order Book and Business Pipeline (as on 26th October 2026)

• Current Order Book: ₹20 Cr
• Tenders quoted and awaiting finalization: ₹54 Cr
• Business Opportunities identified and under progress: ₹189 Cr

Strategic and Operational Updates

R&D and Subsidiary Development:

• Strengthened R&D capabilities with experts joining Abhedhya Systems (wholly owned subsidiary)
• Abhedhya Systems expected to start commercial production in H2FY29

Operational Improvements:

• Implementing Standard Operating Procedures (SOPs) and technology upgrades across key functions
• Expected completion between December 2026 and March 2027

Project UDAAN:

• Facility development in progress, expected to be a catalyst for company growth

Management Commentary

Mr. Shashank Varma Jetty, CEO:

Expressed satisfaction with growth across revenue, margins, and profits. Emphasized continued focus on Test, Measurement and Simulation systems as core business. Highlighted R&D strengthening through Abhedhya Systems with commercial production expected in H2FY29. Noted ongoing operational improvements through SOP implementation and technology upgrades expected to be completed by December 2026-March 2027.

Mr. Madhusudhan Varma Jetty, Chairman and Managing Director:

Expressed satisfaction with growth achieved across key parameters. Discussed global defence landscape emphasizing need for strong defence forces and technological warfare capabilities. Highlighted company's role in providing Automated Test Equipment (ATE) and COS for guided weapons systems.

Financial Guidance for FY27

Based on H1 performance, current order book of ₹20 Cr, and order pipeline of ₹54 Cr, the company expects:

• 25% – 30% growth in top line
• 30% - 35% growth in EBITDA
• 30% - 35% growth in PAT

Company Business Overview

Digilogic Systems Limited is engaged in design, development, manufacture, integration, import, export, and supply of defence, aerospace, and dual-use systems and components. Core offerings include Automated Test Equipment (ATE), RF Simulators, System Evaluators, System Engineering & Deployments, and Maintenance, Repair & Overhaul Services (MRO). The company supports indigenization initiatives including 'Make in India' and 'Atmanirbhar Bharat'.