Allied Digital Services Ltd

MSETCL, a fully owned corporate entity under the Maharashtra Government, plays a pivotal role in transmitting electricity from generation points to distribution centers. It manages a substantial portion of Maharashtra's electric power transmission network and is committed to modernizing its infrastructure in order to improve operational efficiency and reliability. The scope of work includes supply, installation, configuration, and commissioning of an advanced SD-WAN solution at MSETCL offices across Maharashtra, deployment of Cloud Instances to support the SD-WAN solution and seamless integration with MSETCL's cloud. The company will deploy a cutting-edge SD-WAN solution across MSETCL's offices, extending to the division office level, ensuring a high-performance, reliable, and consistent network infrastructure. This project is valued at more than Rs 14 crore and shall be implemented in 4-8 weeks followed by 60 months of O&M (operations & maintenance), ensuring optimal network performance and continued support. Nitin D Shah, chairman and managing director (CMD), Allied Digital commented, We are honored to be entrusted by MSETCL for transformation of this critical network. This project reinforces Allied Digital's expertise in delivering cutting-edge digital engineering solutions. By implementing an advanced SD-WAN solution, we will enable MSETCL to achieve superior network performance, security, and scalability, ultimately strengthening Maharashtra's power transmission ecosystem. We anticipate further upside from this project, with scope for follow up projects from MSETCL as well as similar opportunities from the power sector.' Allied Digital Services is a global IT transformation architect, with a track record for designing, developing, deploying and delivering end-to-end IT infrastructure services. The company's operations are spread in 70 countries across 5 continents. The company's consolidated net profit jumped 51.4% to Rs 17.71 crore in Q3 FY25 as compared with Rs 11.70 crore in Q3 FY24. Net sales increased 28.9% YoY to Rs 220.57 crore in Q3 FY25. The counter advanced 1.31% to end at Rs 274.55 on the BSE. Powered by Capital Market - Live

Allied Digital Services has been awarded a project by Maharashtra State Electricity Transmission Company (MSETCL) to upgrade and modernize its network through the implementation of Software-Defined Wide Area Network (SD-WAN). MSETCL, a fully owned corporate entity under the Maharashtra Government, plays a pivotal role in transmitting electricity from generation points to distribution centers. It manages a substantial portion of Maharashtra's electric power transmission network and is committed to modernizing its infrastructure in order to improve operational efficiency and reliability. As part of this initiative, Allied Digital will deploy a cutting-edge SD-WAN solution across MSETCL's offices, extending to the Division Office level, ensuring a high-performance, reliable, and consistent network infrastructure. The scope of work includes: ' Supply, Installation, Configuration, and Commissioning of an advanced SD-WAN solution at MSETCL offices across Maharashtra. ' Deployment of Cloud Instances to support the SD-WAN solution and seamless integration with MSETCL's cloud. ' Providing Comprehensive SD-WAN Architecture, enabling remote connectivity. This project is valued at more than Rs 14 crore  and shall be implemented in 4-8 weeks followed by 60 months of O&M (Operations & Maintenance), ensuring optimal network performance and continued support. This strategic win further cements Allied Digital's leadership in network transformation and smart infrastructure solutions, driving digital innovation in the power sectorPowered by Capital Market - Live

Net profit of Allied Digital Services rose 51.37% to Rs 17.71 crore in the quarter ended December 2024 as against Rs 11.70 crore during the previous quarter ended December 2023. Sales rose 28.93% to Rs 220.57 crore in the quarter ended December 2024 as against Rs 171.08 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales220.57171.08 29 OPM %11.3612.08 - PBDT24.9220.22 23 PBT20.0716.10 25 NP17.7111.70 51 Powered by Capital Market - Live

Allied Digital Services will hold a meeting of the Board of Directors of the Company on 31 January 2025.Powered by Capital Market - Live

Net profit of Allied Digital Services rose 1.22% to Rs 11.60 crore in the quarter ended September 2024 as against Rs 11.46 crore during the previous quarter ended September 2023. Sales rose 19.26% to Rs 203.02 crore in the quarter ended September 2024 as against Rs 170.23 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales203.02170.23 19 OPM %9.4612.05 - PBDT20.4419.71 4 PBT15.6015.56 0 NP11.6011.46 1 Powered by Capital Market - Live

Allied Digital Services will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

The headline equity indices traded with substantial gains in mid-afternoon trade. The Nifty traded above the 25,000 level after hitting day's low of 24,756.80 in morning trade. Auto shares advanced after declining in the past three consecutive trading sessions. At 14:30 IST, the barometer index, the S&P BSE Sensex was up 663.18 points or 0.82% to 81,713.18. The Nifty 50 index added 231.75 points or 0.93% to 25,027.50. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 1.48% and the S&P BSE Small-Cap index gained 2.09%. The market breadth was strong. On the BSE, 2,885 shares rose and 1,023 shares fell. A total of 107 shares were unchanged. Buzzing Index: The Nifty Auto index gained 1.43% to 26,175.55. The index fell 4.71% in past three consecutive trading sessions. Balkrishna Industries (up 5.29%), TVS Motor Company (up 3.41%), Bharat Forge (up 2.81%), Mahindra & Mahindra (up 2.77%) and Bosch (up 2.69%), Exide Industries (up 2.41%), Bajaj Auto (up 2.07%), Samvardhana Motherson International (up 1.34%), Eicher Motors (up 1.11%) and Apollo Tyres (up 1.06%). On the other hand, Tata Motors (down 1.28%) and Hero MotoCorp (down 0.18%) edged lower. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.39% to 6.940 as compared with previous close 6.967. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.9550, compared with its close of 84.0000 during the previous trading session. MCX Gold futures for 4 December 2024 settlement fell 0.39% to Rs 75,745. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.13% to 102.40. The United States 10-year bond yield declined 0.35% to 4.017. In the commodities market, Brent crude for December 2024 settlement lost $1.52 or 1.88% to $79.41 a barrel. Stocks in spotlight: Allied Digital Services zoomed 16.09% after the company announced that it has been awarded the Pune Safe City Project for total contract value of more than Rs 430 crore. PSP Projects rallied 3.83% after the company announced that it has received work order worth Rs 269.55 crore for construction of high rise residential tower 'SIBAN' at Gandhinagar. MOIL advanced 2.61% after the company achieved its September production of 1.46 lakh tonnes of manganese ore in September 2024.Powered by Capital Market - Live

As per the terms of the contract, the company would design, architect, integrate, implement, and customize a comprehensive set of solutions to enhance Pune's security infrastructure. The six-year contract, in collaboration with the Pune Police and the Government of Maharashtra, Home Department, will result in the deployment of more than 4,000 artificial intelligence (AI) enabled cameras across 1,400-plus strategic locations throughout Pune city. Nitin D Shah, CMD, Allied Digital, said: 'We are deeply honored to have been awarded the Pune Safe City Project, a city where our journey in the Smart Cities space began a decade ago. This contract further solidifies Allied Digital's position as a pioneer and leader in delivering transformative solutions for Smart & Safe Cities Management to 14+ cities.' Allied Digital Services is a global IT transformation architect, with a track record for designing, developing, deploying and delivering end-to-end IT infrastructure services. The company's operations are spread in 70 countries across 5 continents. The company's consolidated net profit rose 21.19% to Rs 10.41 crore on a 5.99% increase in sales to Rs 179.13 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live