Synopsis: Kore Digital entered a joint venture with Green Data Center USA and Thakkar Development Group to develop a hyperscale AI data center near Navi Mumbai Airport.
This Micro-Cap Stock, engaged in providing telecom infrastructure, internet connectivity, network solutions, cloud services, and digital infrastructure support to telecom operators, enterprises, and technology companies, hit a 5 percent upper circuit after entering into a joint venture agreement with Green Data Center USA and Thakkar Development Group for a hyperscale AI data center.
With a market capitalization of Rs. 137.37 crores, the shares of Kore Digital Limited hit a 5 percent upper circuit of Rs. 114.25 per share on Wednesday, up from its previous closing price of Rs. 108.85 per share.
Reason Behind the Surge
Kore Digital Limited has entered into a joint venture agreement with Green Data Center USA and Thakkar Development Group LLC, USA, to develop a hyperscale AI data center near the Navi Mumbai International Airport in Maharashtra. The project aims to provide advanced digital infrastructure services for cloud computing, artificial intelligence applications, enterprise data storage, and other high-performance computing requirements.
The partnership will combine the technical expertise and operational capabilities of all three companies to establish a world-class data center facility in one of India’s fastest-growing digital infrastructure hubs. While the project size, investment details, ownership structure, and timelines are yet to be finalized, the company believes the venture will strengthen its presence in the rapidly growing data center and digital infrastructure sector.
Client Base
Kore Digital Limited serves a diverse client base that includes leading global telecom, technology, cloud, and digital infrastructure companies. Its customers include Google, Samsung, Reliance Jio, Bharti Airtel, Vodafone Idea (Vi), Tata Teleservices, Huawei, Akamai Technologies, Sify Technologies, Power Grid Corporation of India, Intech, Trunet, and D-Vois SSV. This strong client portfolio highlights the company’s credibility and expertise in delivering telecom and digital connectivity solutions.
Company Overview
Kore Digital Limited is an Indian company focused on telecom and digital infrastructure solutions. It operates in areas such as fiber deployment, network connectivity, and related infrastructure services that support telecom operators, enterprises, and digital service providers in India’s expanding data and connectivity ecosystem.
Recent Quarter Results
Coming into financial highlights, Kore Digital Limited’s revenue has decreased from Rs. 236 crore in H2 FY25 to Rs. 150 crore in H2 FY26, which is a drop of 36.44 percent. The net profit has also decreased by 52 percent from Rs. 25 crore in H2 FY25 to Rs. 12 crore in H2 FY26. Kore Digital Limited’s revenue and net profit have grown at a CAGR of 98.07 percent and 83.4 percent, respectively, over the last two years.
In terms of return ratios, the company’s ROCE and ROE stand at 38.1 percent and 29.5 percent, respectively. Kore Digital Limited has an earnings per share (EPS) of Rs. 30.7, and its debt-to-equity ratio is 0.04x.
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