Digispice Technologies Ltd
NSE:DIGISPICE
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Digispice Technologies Ltd
DiGiSPICE Technologies Ltd. is a telecommunications mobile company, which engages in trading of mobile handsets and accessories. The company is headquartered in Noida, Uttar Pradesh. The company went IPO on 2008-05-27. The firm's segments include Digital Technology Services (DiGiSPICE) and Financial Technology Services (Spice Money). The DiGiSPICE segment is engaged in information and communication technology business, providing value-added services to the telecom operators and development and sale of telecom-related software. The Spice Money segment is engaged in providing financial technologies services, such as domestic money transfer (DMT) services, aadhar enabled payment services (AEPS), Bharat Bill payment system (BBPS) and other related services. Its product and services include DiGi Entertainment Solutions, DiGi Government Solutions, DiGi Financial Solutions, DiGi Enterprise Solutions, DiGi Identifier and Korero Platforms.
DiGiSPICE Technologies Ltd. is a telecommunications mobile company, which engages in trading of mobile handsets and accessories. The company is headquartered in Noida, Uttar Pradesh. The company went IPO on 2008-05-27. The firm's segments include Digital Technology Services (DiGiSPICE) and Financial Technology Services (Spice Money). The DiGiSPICE segment is engaged in information and communication technology business, providing value-added services to the telecom operators and development and sale of telecom-related software. The Spice Money segment is engaged in providing financial technologies services, such as domestic money transfer (DMT) services, aadhar enabled payment services (AEPS), Bharat Bill payment system (BBPS) and other related services. Its product and services include DiGi Entertainment Solutions, DiGi Government Solutions, DiGi Financial Solutions, DiGi Enterprise Solutions, DiGi Identifier and Korero Platforms.
Revenue Growth: DiGiSPICE Technologies reported Q2 revenue of INR 124 crores, up 14% year-on-year, marking its strongest performance in six quarters.
Profitability: PAT reached INR 7.2 crores in Q2, with back-to-back quarters of profit and EBIT at INR 10.6 crores, a 30x increase year-on-year.
Agent Network Expansion: The platform now has 1.6 million agents across 2.5 lakh small towns, serving nearly 27 million customers monthly.
Transaction Volumes: Customer gross transaction value for Q2 rose 22% year-on-year to INR 32,270 crores, with cash management services GTV up 30% year-on-year.
Credit Distribution Surge: INR 176 crores of credit was distributed in Q2, more than 2.6x higher year-on-year, with secured lending composing about 70% of this volume.
UPI Cash Point Launch: A new UPI cash withdrawal product was launched, set for rollout by the end of the quarter, aimed at leveraging the growing base of UPI users.
Cost Efficiency: Operating leverage and static indirect costs contributed to improved margins; gross margin for Q2 was INR 52 crores, up 20% year-on-year.
