Adisoft clarifies ₹96 cr order book was pipeline: firm orders at ₹38.54 cr
The company said a definitional mix-up inflated its order book. FY27 revenue guided at ₹215 cr with 35-40% profit growth; new 25,000 sq ft facility planned for November.
— 1 earlier story on Adisoft Technologies Ltd. →What's new
- Adisoft clarified its order book of ₹96.32 cr was a pipeline; actual firm orders stand at ₹38.54 cr.
- FY27 revenue guidance of ₹215 cr with 35-40% net profit growth, up from ₹166 cr and ₹22.80 cr in FY26.
- Company plans a new 25,000 sq ft facility by November and is diversifying into pharma and e-commerce logistics.
Why this matters
The order-book revision raises a transparency flag, but the underlying business is growing fast — revenue up 42% in FY26. The firm orders of ₹38.54 cr, while far smaller than originally stated, are still substantial and fully executable within FY27. The bigger test is whether the growth trajectory can absorb this definitional hiccup.
What we're watching
- How the firm order book builds through FY27 quarters.
- Execution of the new Bhosari facility and its revenue ramp.
- Early traction in pharma and e-commerce logistics diversification.
The full read
Adisoft clarified a significant reporting discrepancy: the ₹96.32 crore it called an order book was actually the total pipeline. Firm orders stand at just ₹38.54 crore, a 60% markdown. The company blamed a definitional mix-up and assured all firm orders will execute within FY27. The rest of the concall was upbeat — FY26 revenue jumped 42% to ₹166 crore, net profit came in at ₹22.80 crore, and FY27 guidance of ₹215 crore revenue with 35-40% profit growth is solid. A new 25,000 sq ft facility is set for November, targeting long-term revenue of ₹600-650 crore, and early diversification into pharma and e-commerce logistics is underway. The order-book revision is a black mark on communication, but the growth story remains intact. The open question: whether this erodes trust faster than the numbers rebuild it.
Questions answered
- Why did Adisoft initially report ₹96.32 cr as its order book?
- Management attributed it to a definitional mix-up: the figure was the total pipeline including potential orders, not confirmed firm orders. The actual firm orders are ₹38.54 cr.
- What is Adisoft's revenue guidance for FY27?
- Adisoft guided for ₹215 crore in revenue and 35-40% profit growth, implying net profit of roughly ₹30-32 crore. That's on top of FY26 revenue of ₹166 crore and net profit of ₹22.80 crore.
- When will the new facility be operational?
- The 25,000 sq ft facility is targeted for November 2026 and is expected to support long-term revenue potential of ₹600-650 crore.
- How material is the firm order book relative to revenue?
- At ₹38.54 crore, the firm order book is about 23% of FY26 revenue. But with strong revenue growth, the order book is only one component of the outlook.
Adisoft Technologies Ltd.
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All notes on ADISOFT →- 30 Jun 2026 · 5:45 PM IST Adisoft clarifies ₹96 cr order book was pipeline: firm orders at ₹38.54 cr
- 33d ago Adisoft's new Pune plant aims to lift revenue capacity to ₹700 cr in five years