Digilogic guides 25-30% FY27 growth after supply delays cost it ₹22 cr last year
A four-month hardware delay pushed ₹22 crore in revenue into FY27. The company now targets ₹100 crore in purchase orders by September.
— 2 earlier stories on Digilogic Systems Ltd. →What's new
- FY26 revenue grew 8.4% to ₹78.3 cr, missing its own 25% guidance by a wide margin.
- Geopolitical supply-chain issues delayed hardware by four months, creating a ₹22 cr spillover into FY27.
- FY27 guidance: 25-30% revenue growth, backed by a ₹31 cr order book and a ₹100 cr PO target by September.
Why this matters
The 8.4% growth rate was a significant miss on guidance. Management's pivot to a confident 25-30% growth target hinges entirely on converting that ₹22 cr spillover and a ₹31 cr order book into execution. The new guidance assumes the supply chain won't repeat its trick.
What we're watching
- Hardware delivery timelines for the spillover orders in early FY27.
- Progress toward the ₹100 crore PO target by September.
- First revenue from Project Udaan, which doesn't kick in until FY29.
The full read
Digilogic's 8.4% revenue growth in FY26 was a painful miss on its own 25% guidance. Management blamed four-month hardware delays caused by geopolitical supply-chain friction, which pushed ₹22 crore of expected business into FY27. That spillover now underpins the company's fresh guidance of 25-30% growth for the current year. The math is straightforward: the delayed orders, plus a ₹31 crore order book as of May and a target of ₹100 crore in new purchase orders by September, form the foundation. The longer-term story rests on Project Udaan, which management says will contribute ₹11-13 crore in FY29 and scale to ₹57-61 crore by FY31. Separately, a new subsidiary, Abhedhya Systems, will focus on RF subsystems for defense electronics. The bull case is that last year's miss was a one-off, and the pipeline is real. The bear case is that the guidance assumes a lot of unexecuted orders converting on time, in a sector where supply chains have already proven unreliable.
Questions answered
- Why did Digilogic miss its FY26 growth target so badly?
- Geopolitical disruptions delayed hardware deliveries by four months. This pushed ₹22 crore of revenue, which would have been recognized in FY26, into FY27. The delay was outside management's control but the miss was material.
- What is the basis for the new 25-30% growth guidance?
- The guidance is anchored on a ₹31 crore order book as of May and a stated target of ₹100 crore in purchase orders by September. The ₹22 crore spillover from last year is expected to flow through in the current fiscal.
- What is Project Udaan, and when will it start contributing revenue?
- Project Udaan is a new initiative that will generate ₹11-13 crore in its first full year (FY29) and scale to ₹57-61 crore by FY31. It is a medium-term lever, not a near-term growth driver.
- Why is Digilogic setting up a new subsidiary?
- Abhedhya Systems has been incorporated to focus specifically on RF subsystems for radar and electronic warfare platforms. The move separates this business line to sharpen its focus on a niche, high-value market.
Story so far
All notes on DIGILOGIC →- 5 Jun 2026 · 12:35 PM IST Digilogic guides 25-30% FY27 growth after supply delays cost it ₹22 cr last year
- 4d ago Digilogic missed its own FY26 guidance. Now it's promising 25-30% growth.
- 6d ago Digilogic's first results since listing show a back-loaded year