Tridhya Tech Limited (TRIDHYA)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Tridhya Tech's revenue was ₹14.2 Cr (+0.4% year on year, +5.1% on the previous half-year), and net profit ₹2.6 Cr (against a loss a year earlier); the operating margin was 25.0%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹14.2 | +0.4% | +5.1% |
| Operating profit | ₹3.5 | from loss | from loss |
| Net profit | ₹2.6 | from loss | from loss |
| EPS (₹) | 1.21 | from loss | from loss |
| Operating margin | 25.0% | — | — |
📢 Recent Corporate Announcements
Tridhya Tech Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate from RTA MUFG Intime India Private Limited confirms that share dematerialisation requests received during the period were processed and confirmed within prescribed timelines. The mutilated and cancelled certificates were properly substituted with the depositories in the register of members. This is a standard quarterly secretarial disclosure with no impact on business operations or financials.
- Compliance certificate filed for the quarter ended September 30, 2026
- Issued by RTA MUFG Intime India Private Limited dated October 3, 2026
- Confirmation that demat security certificates were processed, mutilated, and cancelled within regulatory timelines
- Filing submitted to the National Stock Exchange of India on October 15, 2026
Tridhya Tech Limited has submitted the Scrutinizer's Report and voting results for its 9th Annual General Meeting held on September 29, 2026. All listed ordinary resolutions were passed with 100% of valid votes cast in favour, including the adoption of FY26 financial statements and director re-appointment. Notably, multiple related-party transactions (RPTs) were approved with entities including Inexture Solutions Limited, Tridhya Infra LLP, Tableflow Tech, and Codup Technologies, where interested promoters abstained from voting.
- Adoption of FY26 financial statements passed unanimously with 14,801,000 votes in favour (100%).
- Approval of related-party transactions with Inexture Solutions Limited saw 36,000 public non-institution votes in favour, with 14,765,000 promoter shares abstained/invalid.
- RPT resolutions with Tridhya Infra LLP and Tridhya Silwatech received 6,449,200 votes in favour, representing 27.69% of the total 23,288,000 equity shares.
- Re-appointment of retiring director Mr. Raj Arjanbhai Ahir approved with 6,449,200 valid votes in favour.
Tridhya Tech Limited has scheduled its 9th Annual General Meeting for September 29, 2026, through video conferencing. Key resolutions include the adoption of FY26 audited accounts, the re-appointment of Director Raj Arjanbhai Ahir, and approvals for related party transactions for FY27. These transactions include caps of up to INR 1 Crore with Tableflow Tech Private Limited and up to INR 50 Lakhs with Codup Technologies Private Limited.
- 9th Annual General Meeting scheduled for Tuesday, September 29, 2026, at 5:00 p.m. via video conferencing
- Approval sought for related party transactions up to INR 1 Crores with Tableflow Tech Private Limited for FY 2026-27
- Approval sought for related party transactions up to INR 50 lakhs with Codup Technologies Private Limited for FY 2026-27
- Re-appointment of Mr. Raj Arjanbhai Ahir as Director retiring by rotation
Tridhya Tech Limited's Board has approved convening its 9th Annual General Meeting on September 29, 2026, via video conferencing. The Board appointed M/s. Shah Sanghvi & Associates as Internal Auditor and M/s. Shalini Pandey & Associates as Secretarial Auditor for FY 2026-27. In addition, proposed Related Party Transactions for FY 2026-27 were approved subject to shareholder consent at the AGM.
- 9th Annual General Meeting scheduled for 29th September 2026 at 5:00 P.M.
- M/s. Shah Sanghvi & Associates appointed as Internal Auditor for FY 2026-27
- M/s. Shalini Pandey & Associates appointed as Secretarial Auditor for FY 2026-27
- Board meeting conducted on 5th September 2026 from 5:15 P.M. to 5:21 P.M.
Tridhya Tech Limited announced the outcome of its board meeting held on September 5, 2026. The board approved convening the company's 9th Annual General Meeting (AGM) on September 29, 2026, via video conferencing. Additionally, the board approved the appointments of M/s. Shah Sanghvi & Associates as Internal Auditor and M/s Shalini Pandey & Associates as Secretarial Auditor for FY 2026-27. Related party transactions for FY 2026-27 were also approved, subject to shareholder approval at the AGM.
- 9th Annual General Meeting scheduled for September 29, 2026, at 5:00 PM via video conferencing
- M/s. Shah Sanghvi & Associates appointed as Internal Auditor for FY 2026-27
- M/s. Shalini Pandey & Associates appointed as Secretarial Auditor for FY 2026-27
- Related party transactions for FY 2026-27 approved, pending shareholder clearance at the AGM
Tridhya Tech Limited held a Board Meeting on September 5, 2026, approving the notice for its 9th Annual General Meeting (AGM) scheduled for September 29, 2026. The Board approved the Directors' Report and Secretarial Audit Report for FY 2025-26. Additionally, M/s. Shah Sanghvi & Associates and M/s. Shalini Pandey & Associates were appointed as Internal Auditor and Secretarial Auditor, respectively, for FY 2026-27. The Board also approved Related Party Transactions for FY 2026-27, which will be subject to shareholder approval at the AGM.
- 9th Annual General Meeting scheduled for September 29, 2026, via Video Conferencing
- M/s. Shah Sanghvi & Associates appointed as Internal Auditor for FY 2026-27
- M/s. Shalini Pandey & Associates appointed as Secretarial Auditor for FY 2026-27
- Related Party Transactions approved for FY 2026-27 subject to shareholder approval
Financial Performance
Revenue Growth by Segment
Revenue from operations grew by 1.91% YoY, reaching INR 34.89 Cr in FY 2024-25 compared to INR 34.24 Cr in FY 2023-24.
Geographic Revenue Split
Primarily India-based operations; however, the company incorporated Tridhya Tech Canada Inc in October 2025 to expand into the North American market.
Profitability Margins
Net Profit Margin declined to -5.11% in FY 2024-25 from -1.06% in FY 2023-24, as the company reported a net loss of INR 1.78 Cr.
EBITDA Margin
EBITDA Margin stood at approximately 17.68% (INR 6.17 Cr) in FY 2024-25, calculated from a PBT loss of INR 1.78 Cr adjusted for INR 5.38 Cr in finance costs and INR 2.56 Cr in depreciation.
Capital Expenditure
Depreciation and amortization expense increased by 47.2% YoY to INR 2.56 Cr, indicating continued investment in fixed assets and intangibles.
Credit Rating & Borrowing
Not disclosed in available documents; however, finance costs surged 97.3% YoY to INR 5.38 Cr.
Operational Drivers
Raw Materials
Human Capital (Employee Benefit Expense) represents the primary operational cost at 40.3% of total expenses (INR 17.32 Cr).
Import Sources
Not applicable for IT services; human capital is primarily sourced from India.
Capacity Expansion
Paid-up equity share capital remains at INR 23.28 Cr; expansion is focused on geographic reach through the new Canadian subsidiary.
Raw Material Costs
Employee benefit expenses decreased by 21.5% YoY to INR 17.32 Cr, reflecting a strategic shift toward cost optimization.
Manufacturing Efficiency
Not applicable for IT services; efficiency is measured by the 21.5% reduction in employee costs while maintaining revenue growth.
Strategic Growth
Growth Strategy
Growth will be driven by the incorporation of Tridhya Tech Canada Inc for North American expansion, strategic restructuring of business units, and investments in innovation to diversify revenue streams.
Products & Services
IT Services and IT Business Support Service activities.
Brand Portfolio
Tridhya Tech.
New Products/Services
IT Business Support Services launched through the new Canadian subsidiary in October 2025.
Market Expansion
Expansion into Canada via Tridhya Tech Canada Inc, incorporated on October 16, 2025.
Strategic Alliances
Tridhya Tech Canada Inc is a wholly-owned subsidiary with an authorized capital of 100 shares of 1 CAD each.
External Factors
Industry Trends
The IT sector is shifting toward innovation-led growth and cost efficiency; the company is positioning itself through restructuring and global expansion.
Competitive Landscape
Operates in a highly competitive global IT services market; specific competitor names not disclosed.
Competitive Moat
Competitive advantage is sought through a global delivery model and internal audit systems commensurate with business size.
Macro Economic Sensitivity
Sensitive to global IT spending trends and interest rate fluctuations due to high debt levels.
Consumer Behavior
Shift toward digital transformation and IT support services driving demand for the company's core offerings.
Geopolitical Risks
Expansion into Canada introduces exposure to North American regulatory and trade environments.
Regulatory & Governance
Industry Regulations
Compliant with the Companies Act, 2013 and Accounting Standards prescribed under Section 133.
Taxation Policy Impact
Effective tax rate was 0% in FY 2024-25 due to reported losses; deferred tax credit of INR 7.08 Lakhs was recorded in FY 2023-24.
Legal Contingencies
No proceedings initiated or pending under the Benami Transactions (Prohibition) Act, 1988; no whistle-blower complaints reported.
Risk Analysis
Key Uncertainties
Liquidity risk from a 3,005% increase in short-term debt (INR 78.37 Cr) and the widening of net losses to INR 1.78 Cr.
Geographic Concentration Risk
High concentration in India, currently being mitigated by the October 2025 expansion into Canada.
Technology Obsolescence Risk
Mitigated by planned investments in innovation and efficiency to improve service delivery.
Credit & Counterparty Risk
Trade receivables management is critical as the company manages working capital changes amidst high borrowing.
