All E Technologies Ltd (NSE:ALLETEC) Q3 2026 Earnings Call Highlights: Strong EBITDA Margin and …

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Fri, February 20, 2026 at 10:02 AM GMT+9 4 min read

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**Total Revenue:** INR35.7 crores for the quarter.

**Total Income from Operations:** 38.7% growth.

**EBITDA Margin:** 26.2% for the quarter.

**Reported Net Profit Margin:** 16% for the quarter.

**Adjusted Net Profit Margin:** 19.4% after adjustments.

**Total Income Growth YOY:** 1.5% for the quarter.

**Repeat and Recurring Revenue:** 88.2% for the quarter.

**Customers Added:** 7 new customers in the quarter.

**Nine-Month Total Revenue:** INR103 crores.

**Nine-Month Total Income from Operations:** INR112.15 crores.

**Nine-Month EBITDA Margin:** 26.2%.

**Nine-Month Reported Net Profit Margin:** 17.7%.

**Nine-Month Adjusted Net Profit Margin:** 18.9%.

**Nine-Month Income Growth YOY:** 0.9%.

**Nine-Month Repeat and Recurring Revenue:** 92.1%.

**Nine-Month Customers Added:** 27 new customers.

**Team Size:** Maintained at about 350 people.

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Release Date: February 16, 2026

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

All E Technologies Ltd (NSE:ALLETEC) reported a total revenue of INR35.7 crores for the quarter, with an EBITDA margin of 26.2% and an adjusted net profit margin of 19.4%.

The company added 7 new customers in the quarter, contributing to a total of 27 new customers over the nine-month period.

All E Technologies Ltd (NSE:ALLETEC) has a strong focus on AI business solutions, with more than 85% of its business centered around digital transformation with ERP and CRM at the core.

The company is a Microsoft certified partner for security solutions and is part of the Microsoft inner circle, placing it among the top 1% of partners globally.

The data and AI practice is growing rapidly, now accounting for approximately 10% of the business, and is expected to continue expanding.

Negative Points

The company's income growth was relatively modest, with a year-over-year increase of only 1.5% for the quarter and 0.9% for the nine-month period.

Despite being a top Microsoft partner, All E Technologies Ltd (NSE:ALLETEC) experienced flat revenue growth, contrasting with Microsoft's reported growth rates.

There is a delay in acquisitions, with management citing disruptions in valuation expectations and ongoing conversations that have yet to materialize.

The company has not yet moved to the main board despite having all prerequisites, with no clear timeline provided for this transition.

There is a concern about the large portion of the balance sheet held in cash, which is not generating returns comparable to the core business.

 






Story Continues  

Q & A Highlights

Q: Given Microsoft’s significant growth, why has All E Technologies’ revenue remained flat? A: Ajay Mian, Managing Director, explained that while Microsoft’s growth is promising, it doesn’t always directly translate to partner growth. The company has faced modest growth due to macroeconomic factors but expects improvement as these issues are addressed. The alignment with Microsoft’s platform is seen as a positive indicator for future growth.

Q: Is All E Technologies planning any acquisitions given the current undervaluation of many companies? A: Ajay Mian stated that while they are in discussions, the disruption in valuation systems might affect potential deals. The company is actively pursuing opportunities but is cautious about market conditions and valuations.

Q: When can we expect All E Technologies to move to the main board? A: Ajay Mian mentioned that the company meets all statutory and eligibility requirements. The decision will depend on recommendations from the management team and the board, with a decision expected sometime during the year.

Q: Can we expect double-digit growth next year? A: Ajay Mian expressed optimism but refrained from making specific predictions. The company has the necessary elements in place and remains optimistic about future growth.

Q: How is the company adapting to the AI era, and what impact does it have on the workforce? A: Ajay Mian explained that the company is not a traditional software development firm. Only about 40% of the workforce is technical, with the rest being domain experts. AI is automating many tasks, allowing the team to focus on integration and customer requirements, leading to productivity gains without increasing headcount.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

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