Allied Digital Services Ltd Share Price – NSE  /  BSE

IT - Software, Small Cap

This transformative project spans an 18-month implementation period, followed by a 60-month operations and maintenance phase, said the company.

The scope of the project entails establishment of an Integrated Command & Control Centre (ICCC) at both the corporation's head office and the industrial township. The ICCC software will seamlessly integrate with a cloud-based data center/disaster recovery system. In addition, the project includes the deployment of CCTV-based surveillance system to enhance security and monitoring capabilities.

Further, the project involves the implementation of a smart water metering system with seamless integration of data into the ICCC and water billing system (WBS). A variable messaging display system will be introduced for real-time communication and information dissemination. The establishment of a robust optical fiber connectivity network will link field devices with the ICCC to ensure efficient and reliable data transmission.

The company said that one of the innovative components of the project involves utilizing drone-based 3D mapping technology to create a comprehensive geographical information system (GIS). This GIS will enhance spatial awareness and planning capabilities, contributing to the overall success of the smart city solution.

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 tumbled 39.3% to Rs 11.70 crore on 1.8% fall in net sales to Rs 171.08 crore in Q3 FY23 over Q3 FY22.

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Net profit of Allied Digital Services declined 39.32% to Rs 11.70 crore in the quarter ended December 2023 as against Rs 19.28 crore during the previous quarter ended December 2022. Sales declined 1.77% to Rs 171.08 crore in the quarter ended December 2023 as against Rs 174.17 crore during the previous quarter ended December 2022.

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Allied Digital Services will hold a meeting of the Board of Directors of the Company on 1 February 2024.

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The project entails the establishment of a multi-location CCTV surveillance system. The primary goals include enhancing safety and security, optimizing city administration efficiency and promoting an improved quality of life for residents even as Ayodhya City is undergoing unprecedented transformation.

The capital expenditure (CAPEX) and implementation phase is anticipated to last three months, followed by a five-year operational and maintenance (O&M) phase.

In addition to setting up of new cameras, Nagar Nigam Ayodhya seeks to integrate the present CCTV surveillance camera network into a unified system which will be connected to the existing ITMS control room. The Command Centre being set up by ADSL will serve as the over-arching control room for the entire surveillance system, both new and existing as well as for further installations in the near future.

Nitin D Shah, chairman and managing director (CMD), said, “The selection of Allied Digital as the Master System Integrator for this prestigious project in the rapidly transformed city of Ayodhya has further strengthened our leadership position in this space. We will be delivering mission critical systems as the Command-and-Control Centre being set up will serve as the cockpit for oversight of the entire city-wide surveillance system. The deployment of cutting-edge solutions that enhance safety, security and the overall quality of life will serve as a perfect blend of the ancient and modern given the rich history and deep cultural significance of this prestigious City.

Allied Digital Services Global leader in Information Technology consulting and services. The company is a Global managed service provider and Master Systems Integrator, offering infrastructure solutions and services to clients in 70-plus countries. The service portfolio ranges from cloud enablement, cyber security, integrated solutions, infrastructure management, software services and workplace services.

The company’s consolidated net profit declined 35.6% to Rs 11.47 crore in Q2 FY24 as compared with Rs 17.81 crore in Q2 FY23. Net sales rose 1.92% YoY to Rs 170.23 crore in Q2 FY24.

The scrip hit an 52 week high at Rs 170.90 in intraday today.

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