Diensten Tech Limited (DTL)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Diensten Tech's revenue was ₹111 Cr, and net profit ₹-2.0 Cr; the operating margin was 6.3%.
| H2 FY26 (₹ Cr) | Value | YoY | vs prev. half |
|---|---|---|---|
| Revenue | ₹111 | — | +113.5% |
| Operating profit | ₹7.0 | — | +133.3% |
| Net profit | ₹-2.0 | — | loss widened |
| EPS (₹) | -2.12 | — | loss widened |
| Operating margin | 6.3% | — | — |
DTL delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 50.0% of the DTL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 93.94%. That is lower than usual for this stock. Turnover was only ₹6 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 100.0% · 83.3% · 100.0% · 50.0% · 50.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Diensten Tech Limited has approved the allotment of 46,320 equity shares of face value Rs 10 each under its Employee Stock Option Plan 2024 on September 11, 2026. The options were exercised at a price of Rs 90 per share, resulting in total proceeds of Rs 41,68,800. Following the allotment, the company's paid-up share capital increased marginally from 82,60,646 shares (Rs 8.26 crore) to 83,06,966 shares (Rs 8.31 crore). The dilution is minor at roughly 0.56% of the pre-allotment share base.
- Allotment of 46,320 equity shares under Employee Stock Option Plan 2024
- Exercise price set at Rs 90 per share (Rs 10 face value)
- Total money realized from the exercise is Rs 41,68,800
- Paid-up share capital increased from Rs 8,26,06,460 to Rs 8,30,69,660
- 4,320 options lapsed out of 50,640 total vested options
Diensten Tech Limited announced the consolidated voting results and Scrutinizer's Report for its 19th Annual General Meeting held on August 26, 2026. All proposed ordinary resolutions were approved with 100% majority across 6,153,383 valid votes cast. The passed items included the adoption of audited standalone and consolidated financial statements for FY26 and the re-appointment of director Mr. Manoj Kumar, who retired by rotation. The total shareholder count on the cut-off record date was 221.
- Resolution 1 (FY26 standalone and consolidated financials adoption) approved with 100.000% votes in favor (6,153,383 votes)
- Resolution 2 (Re-appointment of director Mr. Manoj Kumar) approved with 100.000% votes in favor (6,153,383 votes)
- Total number of shareholders on the record date stood at 221
- 19th AGM conducted successfully via video conferencing on August 26, 2026
Diensten Tech Limited conducted its 19th Annual General Meeting (AGM) on August 26, 2026, via video conferencing. Key resolutions placed for shareholder voting included the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, and the re-appointment of Director Mr. Manoj Kumar. The company confirmed that there were no qualifications in the Statutory Audit Report or Secretarial Audit Report. Consolidated scrutinizer voting results are expected within two working days.
- 19th Annual General Meeting held on August 26, 2026, starting at 11:30 AM and concluding at 12:08 PM
- Remote e-voting window was open from August 23, 2026 (9:00 AM) to August 25, 2026 (5:00 PM)
- Resolutions tabled: Adoption of FY26 financial statements and re-appointment of Mr. Manoj Kumar (DIN: 10277198)
- No qualifications reported in the Statutory Audit Report or Secretarial Audit Report for FY26
Diensten Tech Limited (DTL) has scheduled its 19th Annual General Meeting for August 26, 2026. The FY26 annual report reveals a massive 150% jump in revenue to ₹162.79 Cr, up from ₹64.86 Cr in FY25, largely due to the acquisition of Ushta Te Consultancy Services. Despite the top-line growth, the company reported a consolidated net loss of ₹2.77 Cr for FY26. The balance sheet remains highly leveraged with a Debt-to-Equity ratio of 3.26, reflecting ₹62 Cr in debt against a ₹19 Cr net worth.
- Revenue surged 150% YoY to ₹162.79 Cr in FY26 from ₹64.86 Cr in FY25
- Employee headcount nearly tripled to 2,037 from 741 in the previous year
- Client base expanded significantly to 65 logos compared to 24 in FY25
- Reported a consolidated net loss of ₹2.77 Cr for FY26
- EBITDA for FY26 stood at ₹9.77 Cr, a 321% increase over the previous year
Diensten Tech Limited (DTL) has granted 1,09,200 stock options to eligible employees under its 2024 Employee Stock Option Plan. The exercise price is set at Rs 90 per share, representing a 25% discount to the current market price of Rs 120. These options will vest over a period of 1 to 5 years, with an exercise window of up to 4 years post-vesting. While this move aims to retain talent in the competitive IT staffing sector, it will result in minor equity dilution and increased employee benefit expenses over the vesting period.
- 1,09,200 stock options granted to eligible employees under the 2024 Plan
- Exercise price fixed at Rs 90 per share, compared to the current price of Rs 120
- Minimum vesting period of 1 year and maximum of 5 years from the grant date
- Exercise period capped at 4 years from the date of each vesting
- Options are backed by equity shares with a face value of Rs 10 each
Diensten Tech Limited (DTL) reported a significant turnaround in Q1 FY27, posting a net profit of ₹1.63 Cr compared to a loss of ₹0.61 Cr in the same quarter last year. Revenue from operations surged 195% YoY to ₹65.43 Cr, largely reflecting the consolidation of acquired entities Ushta Te and Diensten Tech Inc. Despite the turnaround, the company maintains a high debt-to-equity ratio of 3.26 based on previous filings. The company has utilized approximately 78% of its ₹22.08 Cr IPO proceeds as of June 30, 2026.
- Revenue from operations grew 195% YoY to ₹65.43 Cr from ₹22.15 Cr in the year-ago quarter.
- Net profit turned positive at ₹1.63 Cr for Q1 FY27 vs a loss of ₹0.61 Cr in Q1 FY26.
- Employee benefit expenses rose to ₹49.77 Cr, accounting for 76% of total revenue, reflecting the expanded workforce post-acquisitions.
- Unutilized IPO proceeds stand at ₹4.80 Cr, currently parked in fixed deposits with State Bank of India.
- Finance costs increased to ₹1.55 Cr for the quarter, up from ₹0.98 Cr YoY, indicating higher debt servicing requirements.
Diensten Tech Limited (DTL) has filed its mandatory quarterly compliance reports for the period ended June 30, 2026. The filing includes the Reconciliation of Share Capital Audit Report and the Regulation 74(5) certificate from its Registrar and Transfer Agent (RTA), KFin Technologies. These documents confirm that the company's issued capital matches the total number of shares held in dematerialized and physical forms. This is a standard procedural requirement for all listed entities in India to ensure shareholding transparency.
- Reporting period covers the quarter ended June 30, 2026
- Regulation 74(5) compliance certificate issued by RTA on July 1, 2026
- Reconciliation of Share Capital Audit Report issued by PCS on July 29, 2026
- Share face value maintained at Rs. 10 per unit
Financial Performance
Revenue Growth by Segment
The IT Professional Solution Services segment is the primary driver, accounting for approximately 99% of total revenue. Total turnover grew 58.36% YoY from INR 40.97 Cr in FY 2023-24 to INR 64.88 Cr in FY 2024-25.
Geographic Revenue Split
Currently concentrated in India; however, the company is expanding into the United States through the 100% acquisition of Diensten Tech Inc. as of October 2025.
Profitability Margins
Net loss margin improved from -6.78% in FY 2023-24 to -3.27% in FY 2024-25. For the half-year ended September 30, 2025, the company reported a consolidated net loss of INR 2.12 Cr on total expenses of INR 68.46 Cr.
EBITDA Margin
Operating profit before working capital changes stood at INR 2.69 Cr for the half-year ended September 30, 2025, reflecting core operational stability despite bottom-line losses.
Capital Expenditure
In the half-year ended September 30, 2025, the company invested INR 9.73 Cr in Property, Plant, and Equipment and Intangible Assets (including Right-of-Use assets).
Credit Rating & Borrowing
Interest expenses for the half-year ended September 30, 2025, were INR 2.17 Cr, with an additional INR 0.06 Cr related to lease liabilities.
Operational Drivers
Raw Materials
As a service-based IT firm, the primary 'raw material' is skilled human capital, with employee and contractor costs being the dominant expense. IT talent acquisition and retention represent the bulk of operational spend.
Import Sources
Primarily sourced from the domestic Indian labor market, with recent expansion into the United States market via the acquisition of Diensten Tech Inc.
Key Suppliers
Not applicable as a service provider; however, the company acquired the business operations of Ushta Te Consultancy Services LLP to bolster its workforce and client contracts.
Capacity Expansion
Expansion is driven by headcount and acquisitions rather than physical manufacturing. The company acquired 100% of Ushta Te Consultancy Services LLP in May 2025 and is in the process of acquiring 100% of Diensten Tech Inc. (USA).
Raw Material Costs
Not disclosed as a percentage of revenue, but total expenses for H1 FY26 reached INR 68.46 Cr, driven by service delivery and workforce management.
Manufacturing Efficiency
Not applicable. Efficiency is measured by the ability to deploy domain-specific IT talent rapidly to support client scalability.
Logistics & Distribution
Not applicable; services are delivered digitally or through onsite professional staffing.
Strategic Growth
Expected Growth Rate
7%
Growth Strategy
Growth will be achieved through aggressive M&A activity, including the 100% acquisition of Ushta Te Consultancy Services LLP and Diensten Tech Inc. (USA). The company is focusing on high-growth segments like IT Flexi Staffing, which is projected to grow at a 7% CAGR through FY 2026, and expanding its managed services and digital content solutions.
Products & Services
IT Staff Augmentation, IT Consultancy, Software AMC, Managed Services, Digital Content Solutions, and Corporate Training.
Brand Portfolio
Diensten Tech Limited (DTL), Ushta Te Consultancy Services.
New Products/Services
Expansion into Statement of Work (SOW) services and managed services to provide higher-margin, end-to-end project delivery.
Market Expansion
Targeting the US market through the acquisition of Diensten Tech Inc. and expanding into emerging markets to leverage global expertise.
Market Share & Ranking
Not disclosed; however, the company identifies as a leading IT service organization in the SME segment.
Strategic Alliances
Acquisition of Ushta Te Consultancy Services LLP (100% interest) and the pending acquisition of Diensten Tech Inc.
External Factors
Industry Trends
The IT Flexi Staffing segment is bouncing back with a projected 7% CAGR through FY 2026 after a previous contraction. The industry is shifting toward project-based hiring and agile workforce models to manage volatility.
Competitive Landscape
Faces intense competition from global staffing firms and agile niche players which impacts market share and pricing.
Competitive Moat
Moat is built on a specialized talent network and the ability to provide tailored workforce solutions that support scalability without long-term headcount commitments. Sustainability depends on maintaining high-quality domain expertise in IT and BFSI sectors.
Macro Economic Sensitivity
Highly sensitive to global IT stability and project-based hiring trends; economic uncertainty typically leads to immediate hiring freezes.
Consumer Behavior
Clients are increasingly opting for contract-to-hire and flexible staffing models rather than permanent hiring to manage regulatory unpredictability.
Geopolitical Risks
Expansion into the US market introduces exposure to US labor regulations and international trade policies.
Regulatory & Governance
Industry Regulations
Subject to Labor Laws, contractor classification regulations, and GDPR/data privacy regulations which can increase operational risk and costs.
Environmental Compliance
Not a material factor for IT services; ESG costs are not specifically disclosed.
Taxation Policy Impact
Reported a tax expense of INR 0.73 Cr for the half-year ended September 30, 2025, primarily consisting of deferred tax.
Legal Contingencies
A key audit matter involves the recognition of intangibles (goodwill and customer contracts) under Business Transfer Agreements (BTA). No specific pending court case values were disclosed in the provided documents.
Risk Analysis
Key Uncertainties
Economic uncertainty and recession risks could lead to a 10-20% reduction in staffing demand. Regulatory changes in labor laws present ongoing compliance risks.
Geographic Concentration Risk
Currently high in India (99%+), but diversifying through the US acquisition of Diensten Tech Inc.
Third Party Dependencies
Dependent on the availability of skilled professionals within its talent network to meet client demands.
Technology Obsolescence Risk
Risk of falling behind if AI-based recruitment tools and digital transformation solutions are not integrated into service delivery.
Credit & Counterparty Risk
Trade receivables stood at INR 3.69 Cr increase in H1 FY26; allowance for expected credit loss was INR 0.00005 Cr.
