Pace Digitek Ltd

Pace Digitek Ltd. is currently trading at Rs 178.73, up 1.92%, while the stock has declined 1.21% over the last one week. Pace Digitek Limited announced that its material subsidiary, Lineage Power Private Limited, has secured a Letter of Award from Kalpa Power Private Limited for Rs 929.25 million (including GST) to supply and provide commissioning support for a 100 MWh Battery Energy Storage System (BESS). The project is expected to be completed by December 31, 2026, and does not involve any related party transactions. Trading volume reached 7.13 lakh shares today, a surge of 27.8% compared to the average volume over the past week. Pace Digitek Ltd remained flat year-over-year, outperforming the NIFTY50 index's 3.27% loss.

Pace Digitek Limited, an integrated telecom and energy infrastructure solutions company, announced its financial results for the quarter ended June 30, 2026, reporting revenue from operations of Rs 555.4 crore, a 51.3% year-over-year increase, and a profit after tax of Rs 62.5 crore, up 14.3% year-over-year. The company's executable order book stands at Rs 10,803.3 crore, and it has operationalized an additional 2.5 GWh BESS manufacturing line, bringing its total installed capacity to 5 GWh, while entering into an Original Equipment Manufacturer (OEM) partnership with NEC XON Systems Proprietary Limited to expand its BESS footprint across select African markets.

Pace Digitek Ltd share price declined by 1.64% to Rs 198.1 after the company's net profit tanked by 40.98% to Rs 62.51 crore, while revenue from operations plunged by 49.36% to Rs 555.36 crore in Q2FY26 over Q1FY26. The market capitalization of Telecom - Infrastructure industry group stocks on BSE stood at Rs 1.9 lakh crore, slipping 2.05%. It has inched up 1.54% over last one week and gained upto 3.76% in last one month while the market capitalization of Pace Digitek Ltd has marginally improved by 2% and 8.77% in the same period respectively. Profit before tax (PBT) of Pace Digitek Ltd stood at Rs 81.63 crore in Q2 FY26, rising by 10.49% year-on-year, and tumbling by 44.02% quarter-on-quarter. EBITDA came in at Rs 58 crore, tanking 22.43% YoY and plunging by 59.64% sequentially. Total expenses saw a steep drop of 49.43% to Rs 473.74 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 375.32 crore, slumping by 41.49% YoY, while employee benefits expense was at Rs 33.26 crore, surging 22.37% YoY. For the TTM ended FY26, revenue from operations tick up 0.18% to Rs 2438.78 crore, while net profit surged by 21.42% to Rs 279.1 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 37215% to Rs 458.29 crore, and PBT soared 25.16% to Rs 383.93 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 175.89 crore in FY26, as against Rs 214.12 crore in FY25. Pace Digitek Ltd nosedived by 8.92% in last one year, underperforming the benchmark BSE Sensex which has slipped by 3.20% during the same period.

The company has utilized Rs 4,860.45 million of the Rs 6,300 million initially earmarked for capital expenditure and Rs 1,149.61 million of the Rs 1,158.34 million designated for general corporate purposes, leaving a remaining balance of Rs 1,469 million as of July 2026. According to a report by Crisil Ratings Limited, the delay in full utilization, originally planned for Fiscal 2026, is attributed to project timelines, market conditions, business requirements, and the availability of existing funding arrangements with IREDA. The company intends to deploy the remaining funds in Fiscal 2027, with portions currently held in a Public Offer Account, PREPL TRA and other accounts. The report notes that the reliance on IREDA funding influenced the timing of fund deployment and includes standard disclaimers regarding accuracy, liability, and investment advice.

Pace Digitek Limited announced that its subsidiary, Lineage Power Private Limited, has commissioned an additional 2.5 GWh Battery Energy Storage System (BESS) manufacturing line, increasing the Pace Digitek Group’s total installed BESS manufacturing capacity to 5 GWh, as stated in a press release dated August 4, 2026. The expansion builds on the company's existing manufacturing operations and supports its growing BESS order book, project pipeline, and product supplies, with Pace Digitek having manufactured over 300 utility-scale BESS containers, representing approximately 1.5 GWh of battery energy storage capacity over the past year.

Pace Digitek Limited will hold a board meeting on Wednesday, August 05, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, and a limited review report from its statutory auditors, according to a filing with the BSE Limited and National Stock Exchange of India Ltd. The trading window for company insiders will remain closed from July 01, 2026, and will reopen 48 hours after the financial results are declared.

Pace Digitek, through its subsidiary Lineage Power (LPPL), has entered into a strategic cooperation agreement with MEGMEET Electrical India. Under the agreement, MEGMEET will serve as a strategic supplier of AI data center power systems and related products to LPPL. The collaboration includes technical support, product upgrades, training, and lifecycle after-sales services, with product supply to be undertaken through mutually agreed purchase orders. The cooperation builds on the companies' existing telecom power relationship while extending collaboration into AI data center power infrastructure. The partnership builds on LPPL's established Battery Energy Storage System (BESS) manufacturing and system integration capabilities by adding AI data center power systems to its portfolio.

The partnership expands the companies' existing collaboration in telecom power solutions, which has spanned more than five years, into AI data centre power infrastructure. No financial details of the agreement were disclosed. Under the agreement, MEGMEET will act as a strategic supplier of AI data centre power systems and related products to the company's subsidiary Lineage Power Private Limited (LPPL). The collaboration also covers technical support, product upgrades, training and lifecycle after-sales services, with product supplies to be executed through mutually agreed purchase orders. Pace Digitek said the partnership complements LPPL's battery energy storage system (BESS) manufacturing and system integration capabilities by adding AI data centre power systems to its portfolio. The company said the expanded offering is aimed at addressing the growing demand for reliable and energy-efficient power infrastructure driven by AI computing, hyperscale data centres and digital infrastructure. The company said the collaboration aligns with its strategy of strengthening its technology and product portfolio through strategic partnerships while leveraging its manufacturing, engineering and project execution capabilities. MEGMEET Electrical India is part of the global MEGMEET industrial technology group, which specializes in power electronics and electrical automation solutions. It has R&D, manufacturing and operational facilities across multiple countries and supplies advanced power solutions for AI, industrial and e-mobility applications. Pace Digitek is an integrated infrastructure and energy solutions company operating across the energy and telecom & ICT segments, with capabilities spanning manufacturing, EPC and operations & maintenance. Through its subsidiary Lineage Power, it manufactures battery energy storage systems, telecom power systems and other energy infrastructure products while also executing telecom infrastructure projects across India. On a consolidated basis, Pace Digitek's net profit rose 73.27% to Rs 99.16 crore while net sales rose 60.52% to Rs 1096.78 crore in Q4 March 2026 over Q4 March 2025. Powered by Capital Market - Live

Under the agreement, Lineage Power will supply a range of BESS solutions, including DC blocks, commercial and industrial (C&I) BESS cabinets, residential BESS, power conversion systems (PCS), energy management systems (EMS), and battery containers. The company clarified that the MoU does not constitute a related-party transaction. Pace Digitek is engaged in telecom infrastructure services, EPC activities including optic fiber deployment, and power management solutions, along with the design, supply, and maintenance of related energy and telecom equipment. The company reported a sharp surge in consolidated net profit of 88% year-on-year to Rs 105.92 crore, on a 60.52% jump in revenue from operations to Rs 1,096.78 crore in Q4 FY26 over Q4 FY25. The counter advanced 1.81% to settle at Rs 216.15 on the BSE.Powered by Capital Market - Live

Pace Digitek announced that its subsidiary, Lineage Power (LPPL), has signed two strategic Memorandum Of Understanding (MoU) with Onward Solar Powerand Kalpa Power during the 12th India Energy Storage Week (IESW) 2026 at IICC, Yashobhoomi, New Delhi, where Pace Digitek and LPPL are showcasing their integrated Battery Energy Storage System (BESS) portfolio and advanced energy storage solutions at Hall 1, Stall 4. The MoUs establish a framework for collaboration under which LPPL will serve as a preferred BESS supply partner, supporting future projects with integrated BESS solutions, including DC Blocks, Power Conversion Systems (PCS), Energy Management Systems (EMS), engineering support, warranty and lifecycle services. Project-specific commercial terms and supply arrangements will be governed by definitive agreements and purchase orders to be executed between the respective parties. The collaborations are aimed at strengthening the supply of domestically manufactured BESS solutions for utility-scale, commercial & industrial (C&I) and other energy storage applications. LPPL's integrated manufacturing capabilities enable the Company to offer comprehensive energy storage solutions across the value chain. These partnerships further strengthen Pace Digitek Limited's strategy of expanding its product-led energy storage business through strategic collaborations with EPC companies, renewable energy developers and system integrators. Commenting on the development, Venugopal Rao Maddisetty, Chairman & Managing Director, Pace Digitek , said: India's energy storage market is entering a phase of accelerated growth, creating significant opportunities for technology-led and domestically manufactured solutions. These strategic collaborations reinforce our commitment to expanding our product supply network and strengthening partnerships across the energy storage ecosystem. By combining our integrated manufacturing capabilities with the market reach and execution strengths of our partners, we aim to support the growing deployment of reliable, high-quality BESS across India.