IT Consulting & Software company InfoBeans Technologies announced Q2FY25 results Revenue: Rs 102 crore compared to Rs 95 crore during the period Q2FY24, change 8%. EBITDA: Rs 23 crore compared to Rs 15 crore during the period Q2FY24, change 52%. PAT: Rs 13 crore compared to Rs 4 crore during the period Q2FY24, change 201%. Avinash Sethi, Co-founder of InfoBeans, said: 'The increase in demand from the clients and the optimizations implemented in previous quarters are supporting the company’s profitability. We continue to double down on our investment in AI-enabled technologies with a mission to build a sustainable, long-term business.' Result PDF
IT Consulting & Software company InfoBeans Technologies announced Q1FY25 results: Revenue: Rs 100 crore (up 6% YoY, unchanged QoQ) EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): Rs 19 crore (up 25% YoY, down 9% QoQ) PAT (Profit After Tax): Rs 8 crore (up 123% YoY, down 16% QoQ) Avinash Sethi, Co-founder of InfoBeans, commented on the impressive performance, stating, "Our focus remains on creating a sustainable business in the long term. The uptick in demand environment and the investments made in previous quarters continue to support the profitability of the company." Furthermore, InfoBeans has welcomed industry veteran Phaneesh Murthy as an Advisor, who will provide strategic insights aimed at driving long-term growth and enhancing the company's position in digital engineering and AI. During the quarter, InfoBeans signed 3 new large enterprises and onboarded 108 new team members. The company continues to invest aggressively in sales efforts, high-growth teams, and its focus on large enterprise clients. Result PDF
IT Consulting & Software company InfoBeans Technologies announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue saw a modest YoY increase of 3% in Q4, with reported figures rising from Rs 97 crores in March 2023 to Rs 100 crores in March 2024. EBITDA for the same quarter improved significantly by 31%, demonstrating enhanced profitability. The Profit After Tax (PAT) experienced a substantial surge of 95% compared to the previous year. FY24 Financial Highlights: Despite a 4% YoY decline in revenue, the company's profitability showed resilience. Full-year EBITDA fell by 21% YoY. The annual PAT saw a decline of 38% YoY at Rs 22 crore. Regarding the performance, Avinash Sethi, Co-founder, InfoBeans said “Due to lower team utilization in the first three quarters, there is a drop in the yearly margins. However, with an uptick in demand, the utilization levels improved in Q4 of FY24. This helped improve the margins. InfoBeans onboarded 3 new large enterprises in Q4FY24 and also onboarded 116 team members. InfoBeans continues to invest aggressively in sales efforts, high-growth teams and continues to focus on large enterprise clients." Result PDF
IT Consulting & Software company InfoBeans Technologies announced Q4FY23 & FY23 results: Q4FY23: Revenue: Rs 97 crore, +2% YoY EBITDA: Rs 16 crore, -43% YoY PAT: Rs 6 crore, -70% YoY In USD terms, revenue is down by 6% on a QoQ basis FY23: Revenue: Rs 399 crore, +38% YoY EBITDA: Rs 865 crore, +1% YoY PAT: Rs 36 crore, -35% YoY Cash Flow from Operations: Rs 77 crore, -4% YoY In USD terms, revenue grew by 29% on a YoY basis Discussing the Q4FY22 performance, Avinash Sethi, Co-founder, InfoBeans, said, “Good news is that we have doubled in the last two years from INR 196 crores of Topline in FY21 to INR 399 crores in FY23. We have been consistently suggesting that high margins of 28-29% seen in 2021 and 2022 were not sustainable. And we see the cost of high growth in the EBITDA margins of 21% as compared to our target of 24%. We aim to improve from here but our focus remains growing aggressively.” Result PDF
