Adroit Infotech Limited (ADROITINFO)
₹12.16 +4.92% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Adroit Infotech's revenue was ₹15.0 Cr (+52.7% year on year, +14.8% on the previous quarter), and net profit ₹0.6 Cr (-25.2% year on year); the operating margin was 7.4%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹15.0 | +52.7% | +14.8% |
| Operating profit | ₹1.1 | -17.5% | +145.6% |
| Net profit | ₹0.6 | -25.2% | -7.6% |
| EPS (₹) | 0.12 | -25.0% | -7.7% |
| Operating margin | 7.4% | — | — |
ADROITINFO exchange data
NSE end-of-day data for
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📢 Recent Corporate Announcements
Adroit Infotech has entered into a non-binding agreement to acquire a majority equity stake in Croatia-based Verso Altima Group d.o.o. The target has a standalone revenue of approximately €13 million, and Adroit projects consolidated revenues to scale to $23-25 million (Rs 200-250 crore) post-acquisition, compared to Adroit's current TTM revenue of Rs 54 crore. The deal will be funded entirely without third-party debt, utilizing internal accruals, a preferential issue, and rights issue proceeds. As the agreement is currently non-binding, it remains subject to due diligence, definitive documentation, and regulatory approvals.
- Non-binding agreement to acquire a majority equity stake in Verso Altima Group d.o.o., Croatia
- Target standalone revenue stands at approximately 13 million Euros
- Combined company revenue projected at $23-25 Million USD (approximately Rs 200-250 Crores)
- Funding planned via internal accruals, preferential equity issue, and Rights Issue proceeds without third-party debt
- Combined organization to bring together over 400 global employees
Adroit Infotech Limited held a Board of Directors meeting on October 03, 2026, approving key administrative steps to implement the AIL ESOP-2023 Scheme. The board approved the appointment of Trustees, execution and registration of the Trust Deed, and opening of bank accounts for the Adroit Infotech Employees Welfare Trust. It also adopted the Trust Funding Policy, Share Acquisition Policy, and Trust Administration Policy. No quantitative details regarding grant sizes, share allocation quantum, or financial outlays were disclosed in the filing.
- Board meeting conducted on October 03, 2026, from 02:00 PM to 03:15 PM
- Approved appointment of Trustees for Adroit Infotech Employees Welfare Trust
- Adopted Trust Funding, Share Acquisition, and Administration Policies for AIL ESOP-2023 Scheme
- Total quantum and funding amounts under the ESOP scheme were not disclosed
Adroit Infotech Limited submitted a clarification to the National Stock Exchange regarding discrepancies in its financial results for the period ended 31st March 2026. The exchange had flagged mismatches between PBT and PAT figures reported in the XBRL filing versus the PDF submission. The company clarified that the difference stemmed from the presentation of Other Comprehensive Income/Expenses (OCI), specifically Rs. (3.63) lakhs standalone and Rs. (50.00) lakhs consolidated. A revised XBRL filing has been submitted to resolve the reporting discrepancy.
- Clarification submitted in response to NSE email dated 28th July 2026 regarding Regulation 33 compliance
- Mismatch occurred between XBRL and PDF reporting of PBT and PAT for period ended 31st March 2026
- Standalone Other Comprehensive Income/(Expenses) net of taxes reconciled at Rs. (3.63) lakhs
- Consolidated Other Comprehensive Income/(Expenses) net of taxes reconciled at Rs. (50.00) lakhs
- Revised XBRL filing submitted to conform fully with approved financial statements
Adroit Infotech concluded its 36th Annual General Meeting on August 14, 2026, with 37 members in attendance. Shareholders approved several key resolutions, including increased borrowing powers under Section 180(1)(c) and the creation of charges on company assets. Additionally, the meeting authorized material related party transactions and a revision in the remuneration for the Group CEO and COO of its material subsidiary. The company also received approval to forfeit partly paid-up equity shares and modify its ESOP-2023 scheme.
- 36th Annual General Meeting held on August 14, 2026, with 37 members attending via video conferencing.
- Shareholders approved borrowing powers under Section 180(1)(c) and the creation of charges on assets under Section 180(1)(a).
- Approval granted for material related party transactions and loans/guarantees to entities where directors are interested.
- Revision in remuneration for the Group CEO and Group COO of the material subsidiary was formally noted.
- Modification of the 'AIL ESOP-2023' scheme for implementation through an Employees Welfare Trust.
Adroit Infotech has submitted its quarterly statement confirming zero deviation in the utilization of funds raised through its February 2025 Rights Issue. As of June 30, 2026, the company has utilized ₹25.08 crore out of the ₹46.06 crore raised. Significant portions of the funds remain unspent, including the entire ₹10 crore earmarked for acquisitions and approximately ₹10.77 crore of the business expansion budget. The filing confirms that the funds are being deployed according to the objects stated in the January 2024 prospectus.
- Total amount raised through the Rights Issue on February 14, 2025, was ₹4606.15 Lakhs.
- Cumulative utilization of funds as of June 30, 2026, stands at ₹2508.52 Lakhs.
- ₹673.24 Lakhs utilized for business expansion against an original allocation of ₹1750.00 Lakhs.
- ₹1000.00 Lakhs allocated for acquisitions in similar or complementary spaces remains completely unutilized.
- ₹621.22 Lakhs spent on paying off non-current liabilities, nearly completing the ₹755.00 Lakhs allocation.
Adroit Infotech reported a weak standalone performance for Q1 FY27, with revenue from operations falling to ₹0.66 cr from ₹1.56 cr in the year-ago period. The company recorded a standalone net loss of ₹0.15 cr, a reversal from the ₹0.48 cr profit reported in Q1 FY26. A significant update involves the planned forfeiture of 26.39 lakh unpaid rights issue shares, while 4.51 lakh shares were successfully allotted following a final call. The board also approved a revision in statutory auditor remuneration for the current financial year.
- Standalone revenue from operations declined 57% year-on-year to ₹0.66 cr in Q1 FY27.
- Reported a standalone net loss of ₹0.15 cr compared to a profit of ₹0.48 cr in Q1 FY26.
- Company to forfeit 26,39,910 unpaid rights issue shares after a final payment opportunity.
- Allotted 4,51,312 shares to shareholders who paid the final call, increasing paid-up capital to ₹54.62 cr.
- Other income of ₹0.62 cr contributed significantly to the total standalone income of ₹1.29 cr.
Adroit Infotech reported a weak standalone performance for Q1 FY27, with revenue from operations falling 45.4% YoY to ₹0.85 Cr from ₹1.56 Cr. The company posted a standalone net loss of ₹0.15 Cr, compared to a profit of ₹0.048 Cr in the year-ago period. A significant update was provided regarding the Rights Issue, where 4,51,312 shares were allotted to shareholders who paid the final call, while 26,39,910 unpaid shares are now marked for forfeiture. The board also approved a revision in statutory auditor remuneration for the current financial year.
- Standalone revenue from operations declined to ₹0.85 Cr in Q1 FY27 from ₹1.56 Cr in Q1 FY26.
- Reported a standalone net loss of ₹0.15 Cr for the quarter ended June 30, 2026.
- Allotted 4,51,312 shares on May 22, 2026, following the final call for the Rights Issue.
- Identified 26,39,910 unpaid shares for forfeiture, representing approximately 4.8% of the current paid-up capital base.
- Total standalone income stood at ₹1.48 Cr, heavily supported by 'Other Income' of ₹0.62 Cr.
Adroit Infotech has issued a notice for its 36th AGM on August 14, 2026, proposing a significant increase in borrowing limits to ₹200 crore (₹100 crore fund-based and ₹100 crore non-fund-based). This proposed limit is 4x the company's current market capitalization of ₹50 crore, signaling potential aggressive expansion or capital needs. The company is also formalizing the forfeiture of 26,39,910 partly paid-up shares due to non-payment of calls. Other key items include the re-appointment of a director and modifications to the ESOP-2023 scheme to allow trust funding via loans.
- Proposed borrowing limit of ₹100 crore fund-based and ₹100 crore non-fund-based, totaling ₹200 crore.
- Forfeiture of 26,39,910 partly paid-up equity shares effective May 22, 2026, due to non-payment of call money.
- Revision in remuneration for Group CEO Naveen Naidu and Group COO Satish Kumar Yadav effective April 1, 2026.
- Modification of AIL ESOP-2023 to enable the Trust to acquire shares via primary subscription or secondary market.
- Re-appointment of Ms. Kanthi Reddy Sunkerneni as Director, who is the daughter of the Managing Director.
Adroit Infotech has scheduled its 36th Annual General Meeting (AGM) for August 14, 2026, with August 3, 2026, as the record date for voting. The Board approved the forfeiture of 26,39,910 partly paid-up equity shares due to non-payment of call monies, a process effective since May 22, 2026. Additionally, the company appointed Mr. Thirumareddy Praveen Kumar as the new Internal Auditor following the resignation of Mr. Ravi Daryavesh. Remuneration for the Group CEO and COO has also been revised effective April 1, 2026, to align with industry benchmarks.
- Forfeiture of 26,39,910 partly paid-up equity shares due to non-payment of call money
- 36th Annual General Meeting scheduled for August 14, 2026, via video conferencing
- Record date for e-voting eligibility fixed as August 03, 2026
- Appointment of Mr. Thirumareddy Praveen Kumar as Internal Auditor effective June 13, 2026
- Revision of remuneration for Group CEO and Group COO effective April 01, 2026
Adroit Infotech has approved the forfeiture of 2,639,910 partly paid-up equity shares due to non-payment of call monies, effective May 22, 2026. The company has scheduled its 36th Annual General Meeting (AGM) for August 14, 2026, via video conferencing. Additionally, the board approved remuneration revisions for the Group CEO and Group COO effective April 1, 2026, and appointed a new Internal Auditor. Modifications to the AIL ESOP-2023 scheme were also proposed, pending shareholder approval.
- Forfeiture of 26,39,910 partly paid-up equity shares due to non-payment of First and/or Final Call monies.
- 36th Annual General Meeting scheduled for August 14, 2026, with a voting cut-off date of August 3, 2026.
- Remuneration revision for Group CEO Naveen Naidu and Group COO Satish Kumar Yadav effective from April 1, 2026.
- Appointment of Mr. Thirumareddy Praveen Kumar as Internal Auditor following the resignation of Mr. Ravi Daryavesh.
- Proposed modifications to the 'AIL ESOP-2023' scheme subject to shareholder approval at the upcoming AGM.
Adroit Infotech Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent (RTA), Venture Capital and Corporate Investments Private Limited, confirmed that no securities were received for dematerialization or rematerialization during the quarter ended June 30, 2026. This is a standard procedural filing required by all listed companies to confirm the status of share processing.
- Zero securities were received for dematerialization during the quarter ended June 30, 2026
- Zero securities were received for rematerialization during the same period
- Compliance certificate issued by RTA Venture Capital and Corporate Investments Private Limited
- Filing submitted to both BSE and NSE on July 16, 2026
Adroit Infotech Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the release of financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the declaration of the unaudited standalone and consolidated financial results. Investors should note that the company reported a TTM revenue of ₹49 Cr and a PAT of ₹4 Cr.
- Trading window closure begins on July 1, 2026, for the quarter ending June 30, 2026
- Restriction applies to 'Designated Persons' and their 'Immediate Relatives' per SEBI norms
- Window to reopen 48 hours after the official declaration of Q1 FY27 financial results
- Company reported a revenue of ₹13.07 Cr in the most recent quarter (March 2026)
Adroit Infotech Limited has submitted its mandatory disclosure of related party transactions for the half-year ended March 31, 2026. The total value of transactions during this period amounted to ₹168.7 lakhs. The disclosure includes management remuneration and significant loan transactions involving the Promoter/Managing Director and a promoter group entity. Such filings are standard regulatory requirements under SEBI LODR to ensure transparency in dealings with insiders.
- Total related party transactions for the half-year period reached ₹168.7 lakhs.
- Managing Director Sudhakiran Reddy Sunkerneni received ₹27 lakhs in remuneration and was involved in a ₹64.1 lakh loan transaction.
- A loan transaction of ₹66 lakhs was recorded with Softpoint Technologies Private Limited, a promoter group entity.
- Remuneration for the CFO and Company Secretary stood at ₹9 lakhs and ₹1.8 lakhs respectively.
- Director sitting fees for various independent and non-executive directors ranged between ₹0.1 and ₹0.2 lakhs.
Adroit Infotech Limited has submitted its statement of deviation for the fiscal year ended March 31, 2026, confirming that funds from its February 2025 Rights Issue are being used as planned. Of the Rs 45.72 crore raised, the company has utilized Rs 21.01 crore across various categories including business expansion and working capital. Notably, Rs 10 crore allocated for acquisitions remains entirely unspent, and Rs 13 crore is still pending for business expansion. The remaining unutilized funds are currently held in a dedicated account with Axis Bank.
- Total amount raised via Rights Issue on February 14, 2025, was Rs 4572.07 Lakhs.
- Company reported zero deviation or variation in the utilization of funds versus the original prospectus objects.
- Cumulative funds utilized as of March 31, 2026, totaled Rs 2100.81 Lakhs.
- Rs 1000 Lakhs earmarked for acquisitions in similar or complementary spaces remains unutilized.
- Business expansion utilization stands at Rs 450 Lakhs out of an original allocation of Rs 1750 Lakhs.
Adroit Infotech reported a strong consolidated performance for the financial year ended March 31, 2026, with total income rising 53% to ₹5,186.53 Lakhs from ₹3,391.16 Lakhs in FY25. The company's annual net profit saw a significant jump to ₹329.87 Lakhs, up from ₹68.83 Lakhs in the previous year. While the annual trajectory is highly positive, Q4 FY26 net profit of ₹67.51 Lakhs showed a sequential decline from ₹152.41 Lakhs in Q3 FY26. The statutory auditors have issued an unmodified opinion on these results.
- Consolidated annual revenue grew by 52.9% YoY to ₹5,186.53 Lakhs.
- Full-year net profit increased nearly five-fold to ₹329.87 Lakhs compared to ₹68.83 Lakhs in FY25.
- Q4 FY26 turned profitable at ₹67.51 Lakhs versus a loss of ₹78.56 Lakhs in the year-ago quarter.
- Employee benefit expenses for the full year rose to ₹2,684.07 Lakhs from ₹2,216.01 Lakhs.
- Auditors issued an unmodified opinion for both standalone and consolidated financial statements.
Financial Performance
Revenue Growth by Segment
The primary revenue driver is the Indian subsidiary, Verso Altima India Pvt Ltd, which generated INR 24.57 Cr (2,456.75 Lakhs) in FY 2024-25. The UAE-based subsidiary, Adroit Infotech LLC FZ, contributed INR 1.14 Cr (114.20 Lakhs), representing approximately 4.4% of the combined subsidiary turnover. The US subsidiary reported zero turnover for the period.
Geographic Revenue Split
Revenue is heavily concentrated in India, accounting for approximately 95.6% of subsidiary turnover (INR 24.57 Cr). The Middle East (UAE) accounts for the remaining 4.4% (INR 1.14 Cr). Operations in Singapore and the USA did not contribute to revenue in FY 2024-25.
Profitability Margins
Verso Altima India Pvt Ltd reported a Net Profit Margin of 2.92% (PAT of INR 0.72 Cr on revenue of INR 24.57 Cr). Adroit Infotech LLC FZ (UAE) demonstrated higher efficiency with a 12.92% PAT margin (PAT of INR 0.15 Cr on revenue of INR 1.14 Cr).
EBITDA Margin
Operating profitability for the main Indian unit (Verso Altima) is thin, with a Profit Before Tax (PBT) margin of 0.90% (INR 0.22 Cr). The UAE unit maintained a PBT margin of 12.92%, matching its PAT margin due to zero tax provisions.
Capital Expenditure
Not disclosed in available documents; however, the company maintains a subsidiary in Singapore (Verso Altima India Pte Ltd) and one unnamed subsidiary that is yet to commence operations as of March 31, 2025, indicating potential future investment.
Credit Rating & Borrowing
Not disclosed in available documents. Total liabilities for the main subsidiary, Verso Altima India, stood at INR 7.41 Cr against total assets of INR 10.88 Cr.
Operational Drivers
Raw Materials
Not applicable as the company operates in the IT services and software consultancy sector. The primary 'raw material' is human capital/skilled IT professionals.
Import Sources
Not applicable for IT services; however, the company sources talent and operational presence from India, UAE, and the USA.
Key Suppliers
Not applicable; the company relies on technology partners such as SAP (implied by business nature) rather than physical raw material suppliers.
Capacity Expansion
The company is expanding its leadership capacity with the appointment of Mr. Naveen Naidu as Group CEO effective November 6, 2025, to oversee global operations. One subsidiary is currently in the pre-operative stage.
Raw Material Costs
Not applicable. Employee benefit expenses and consultancy charges are the primary operational costs, though specific YoY percentage changes for these were not disclosed.
Manufacturing Efficiency
Not applicable. Efficiency is measured by billable hours and project delivery timelines in the IT services context.
Strategic Growth
Growth Strategy
Growth is being pursued through leadership restructuring, specifically the appointment of a new Group CEO in late 2025 to drive global strategy. The company is leveraging its 100% ownership of subsidiaries in the UAE and USA to capture international IT consulting demand. The strategy includes maintaining a lean corporate structure with 1/3rd Independent Directors to ensure governance while scaling operations.
Products & Services
SAP implementation services, IT consulting, software development, and enterprise resource planning (ERP) solutions.
Brand Portfolio
Adroit Infotech, Verso Altima.
New Products/Services
The company is preparing to launch operations through a new subsidiary that was yet to commence as of March 2025, likely targeting specialized IT niches.
Market Expansion
Target regions include the Middle East (via Adroit Infotech LLC FZ) and the USA, though the US unit is currently non-revenue generating.
Strategic Alliances
The company operates through 100% owned subsidiaries including Verso Altima India and Adroit Infotech US Inc.
External Factors
Industry Trends
The industry is shifting toward cloud-based ERP migrations. Adroit is positioned as a niche player in this transition, though it must compete with larger Tier-1 IT firms.
Competitive Landscape
Competes with global and mid-tier IT consultancy firms specializing in ERP and digital transformation.
Competitive Moat
The company's moat is based on specialized SAP domain expertise and a lower cost base in India. However, this is moderately sustainable as it lacks the scale of larger competitors.
Macro Economic Sensitivity
Highly sensitive to global corporate CAPEX cycles; a 1% decrease in global GDP typically correlates with reduced enterprise software spending.
Consumer Behavior
Enterprises are increasingly demanding shorter implementation cycles and subscription-based (SaaS) models rather than traditional licensing.
Geopolitical Risks
Operations in the UAE and USA expose the company to trade policy changes and visa regulation shifts for IT consultants.
Regulatory & Governance
Industry Regulations
Compliance with FEMA (Foreign Exchange Management Act) is critical due to 100% ownership of foreign subsidiaries in the US, UAE, and Singapore. Must also adhere to SEBI LODR and Companies Act 2013.
Environmental Compliance
Not applicable for IT services; ESG focus is primarily on governance and social (labor) standards.
Taxation Policy Impact
The Indian subsidiary received a tax credit/adjustment of INR 49.59 Lakhs in FY 2024-25, which bolstered its final PAT.
Legal Contingencies
The Secretarial Audit Report for FY 2024-25 noted no major instances of non-compliance with the Companies Act or SEBI regulations. No material pending court cases with specific values were disclosed.
Risk Analysis
Key Uncertainties
The primary risk is the extreme revenue concentration (95%+) in a single subsidiary (Verso Altima India) and the lack of revenue from the US and Singapore units.
Geographic Concentration Risk
95.6% of subsidiary revenue is derived from India.
Third Party Dependencies
High dependency on software vendors (like SAP) for platform updates and certification requirements.
Technology Obsolescence Risk
High risk if the company fails to transition from legacy ERP systems to AI-driven and cloud-native enterprise solutions.
Credit & Counterparty Risk
Total assets of INR 10.88 Cr in the main subsidiary include receivables; any significant delay in client payments would strain working capital given the INR 7.41 Cr liability load.
