All E Technologies Ltd

Q2 FY26IT - Software

All E Technologies Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹120

Market cap₹277 Cr

P/E10.9

Updated23 Aug 2026

Read4 min read

The short version

Current growth has experienced some slowdown due to prolonged decision-making cycles influenced by global macroeconomic uncertainty and tariff pressures. Growth momentum expected to return in 1-2 quarters, barring any new macroeconomic challenges (Dr.

From All E Technologies Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

- Current growth has experienced some slowdown due to prolonged decision-making cycles influenced by global macroeconomic uncertainty and tariff pressures. - Management expects this to be a temporary pause, with growth recovery likely in 1-2 quarters, barring unforeseen events. - Strong pipeline and increased momentum, especially in India, indicate a return to higher growth over the medium term. - AI is viewed as an opportunity rather than a disruption; revenue streams from AI-related offerings are expected to develop in the next few quarters. - Shift towards mid-market and larger accounts is ongoing; these deals take longer to close but have larger project values, positively impacting future revenues. - New product IPs, including Configure Price Quote solutions, and enhanced AI integration across offerings aim to drive future growth. - No new geographical expansion planned immediately as current markets (Middle East, Africa) are still consolidating. Overall, growth is expected to normalize and accelerate post a short-term softness.

Profitability & Margins

Growth momentum expected to return in 1-2 quarters, barring any new macroeconomic challenges (Dr. Ajay Mian).
Current growth slowdown attributed to longer decision-making cycles and AI-driven structural shifts.
AI seen more as an opportunity than a threat; investments underway to align offerings with AI and evolving market needs.
International services, especially high-margin segments, remain a focus to sustain margins.
EBITDA margin sustainable around current levels (~28%), though influenced by deal flows and Microsoft licensing structures.
India business gaining momentum; increased customer additions and AI adoption expected to drive growth.
Longer sales cycles may cause near-term revenue shifts between quarters but pipeline remains healthy.
Management cautious but confident of steady improvement in revenue, EBIT, and profits through FY’26 and into FY’27.

See what All E Technologies Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Currently, there is no mention of new capital expenditure or strategic investment in new geographic areas.
The company is focusing on strengthening its presence in the Middle East and Africa before considering expansion to other geographies.
Cash on the books, which is about one-third of market cap, is reserved for specific purposes rather than being used for buybacks or unplanned expenditures.
Investments are primarily directed towards embedding AI capabilities across offerings, modernizing vertical solutions with AI, and increasing IP-led productization of services.
The company is also investing in cybersecurity capabilities and new IP development such as Configure Price and Quote solutions.
Overall, investments focus on technology upgrading, product and service enhancement, and market strengthening rather than aggressive capex or inorganic growth currently.

Top-ranked in IT - Software

Ranked on what management guided this quarter

5x potential

1Virtual Galaxy Infotech Ltd₹356 Cr

Rev 1Mar 3

2CapitalNumbers₹193 Cr

Rev 2Mar 1

3₹140 Cr

Rev 2Mar 1

4₹1.8K Cr

Rev 2Mar 2

5₹3.7K Cr

Rev 2Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

No explicit mention of any current or planned fundraising through debt or equity in the transcript.
The company has a significant cash balance (about one third of market cap) currently parked for specific purposes.
Dr. Ajay Mian indicated they are not considering buybacks or spending this cash immediately, implying cautious financial management.
The focus appears to be on using cash for strategic investments, including acquisitions, but no concrete deal has been signed yet.
No announcements or guidance on fresh equity or debt issuance were stated during the call.

See what All E Technologies Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The company continues to have a healthy pipeline of opportunities, particularly in international markets such as the Americas.
Some deals experienced longer decision-making cycles due to macroeconomic uncertainty and AI disruptions.
A couple of deals were recently closed in the Americas, showing ongoing momentum.
However, project initiation may be delayed due to seasonal factors like the holiday period.
The sales cycle for larger mid-market customers is longer, sometimes taking twice as long as before.
Overall, while order closures have been slower, the expectation is that deferred deals will contribute to revenue in upcoming quarters.
The company expects growth momentum to return within the next 1-2 quarters, assuming no new macroeconomic disruptions.
The pipeline remains strong, bolstered by interest in AI-enabled solutions and Microsoft-related offerings.

All E Technologies Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹35 Cr, net profit ₹6 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What All E Tech's management said in earlier quarters

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Frequently Asked Questions

What were All E Technologies Ltd Q2 FY26 results?

What is All E Technologies Ltd share price analysis?

All E Technologies Ltd currently shows a neutral. The stock trades at a P/E of 10.9 with a market cap of ₹277 Cr. Investors should review the full earnings analysis for detailed insights.

Is All E Technologies Ltd planning capital expenditure?

Currently, there is no mention of new capital expenditure or strategic investment in new geographic areas.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.