InfoBeans Technologies Q2 FY27 results: net profit up 111.8% to ₹47.88 crore, revenue up 151.9%

How did InfoBeans Technologies perform in Q2 FY27?

InfoBeans Technologies reported consolidated revenue of ₹316.01 crore in Q2 FY27, up from ₹125.44 crore in Q2 FY26 and ₹152.77 crore in Q1 FY27. EBITDA was ₹69.34 crore, compared with ₹31.35 crore and ₹31.43 crore in the respective quarters, while the margin was 21.9%, below 25.0% a year earlier but above 20.6% in Q1 FY27.

Profit before tax was ₹62.42 crore and net profit was ₹47.88 crore, against ₹28.77 crore and ₹22.61 crore in Q2 FY26 and ₹29.29 crore and ₹21.62 crore in Q1 FY27. Basic EPS was ₹4.94, compared with ₹9.28 in the year-ago quarter and ₹2.23 in the previous quarter. On a standalone basis, revenue was ₹238.47 crore and profit was ₹35.74 crore.

What changed in InfoBeans Technologies' costs and profit?

Total expenses rose to ₹260.16 crore from ₹100.88 crore in Q2 FY26, an increase of ₹159.28 crore. Employee cost was ₹197.85 crore, up ₹122.60 crore, other expenses were ₹48.82 crore, up ₹29.98 crore, and depreciation was ₹12.81 crore, up ₹6.37 crore; finance costs increased by ₹0.33 crore to ₹0.68 crore.

Other income rose by ₹2.36 crore to ₹6.57 crore from ₹4.21 crore in Q2 FY26, while tax expense increased by ₹8.38 crore to ₹14.54 crore. There was no exceptional item. The company’s investor presentation said that the reduction in other income was a notional loss due to a recent interest-rate hike by the RBI, and that investments in AI and sales capabilities continued.

What do the balance sheet and cash flow show?

As of 30 September 2026, total assets were ₹532.22 crore, against ₹489.35 crore at 31 March 2026, while total equity was ₹453.02 crore compared with ₹413.55 crore. Cash was ₹81.57 crore against ₹59.38 crore, trade receivables were ₹143.44 crore against ₹107.66 crore, and trade payables were ₹9.98 crore against ₹5.01 crore. The company reported no borrowings at either date.

For H1 FY27, operating cash flow was ₹28.87 crore, compared with ₹52.64 crore in H1 FY26. Investing cash flow was ₹5.77 crore against negative ₹30.37 crore, financing cash flow was negative ₹13.17 crore against negative ₹17.51 crore, and capital expenditure was ₹2.93 crore against ₹4.47 crore.

How has InfoBeans Technologies done over the last 8 quarters?

Revenue has increased year on year in each of the last eight quarters. Revenue rose from ₹96.33 crore in Q3 FY25 to ₹316.01 crore in Q2 FY27, while profit moved from ₹7.06 crore to ₹47.88 crore over the same period. The investor presentation described seven quarters of sequential operating revenue growth of over 6%.

The EBITDA margin reached 25.0% in Q2 FY26 and was 21.9% in Q2 FY27. The investor presentation identified 24% as the target steady-state EBITDA margin and said that investments in AI and sales capabilities continued.

What else did the company announce?

The board approved the un-audited standalone and consolidated financial results for the quarter and half year ended 30 September 2026 on 28 October 2026. It also approved a draft notice for a postal ballot seeking shareholders’ approval to amend the ESOP (Employee Stock Option Plan), 2022.

The company filed an investor presentation on 29 October 2026. It described 50 large enterprise clients, more than 94% returning annually for more work, and an average client relationship exceeding nine years. The same-day material did not state a dividend or a fund raise.

What did InfoBeans Technologies' management say?

Management said the company had obtained Claude Select Services partner status from Anthropic, with more than a dozen certified cloud developers. It said revenue mix was 49% US, 40% Europe, 8% UAE and 3% rest of world, and that it wanted more US exposure.

Management did not provide formal FY27 revenue or EBITDA targets and reiterated that the company does not issue forward forecasts. It indicated net hiring additions of 10–15% for FY27 after adding 43 people net during the quarter on a base of more than 1,800, and said AI and sales investment may pressure future margins.

Management said more than 94% of clients return annually and that the average relationship now exceeds nine years. It flagged enterprise agentic-AI governance, data-privacy and cost challenges, payment-term extensions from 60 to 90 days, delayed payments, US visa and macro conditions, and healthcare compliance as risks.

On acquisitions, co-founder Avinash Sethi said the company was actively looking at ServiceNow companies, or AI and data companies with a $5 million to $15 million revenue range, overseas customers and delivery in India. He also said the company was not one to look at for dividend yields.

How did InfoBeans Technologies shares react?

The filing appeared after market hours from a pre-results close of ₹146.95. The stock was up 2.5% after 5 minutes, 2.8% after 15 minutes and 1.4% after 30 minutes, but closed the reaction session down 4.1%. By the next day’s close, it was down 7.9% from the pre-results close.

Earlier results-day moves were negative 5.3% on 21 July 2026, positive 8.2% on 28 April 2026, negative 9.5% on 22 January 2026, positive 11.2% on 28 October 2025, negative 0.6% on 12 July 2025, positive 1.1% on 2 May 2025, negative 17.6% on 28 January 2025 and positive 10.1% on 28 October 2024.

How did other Computers - Software & Consulting companies do?

Among 33 Computers - Software & Consulting companies that had filed this quarter, the median revenue growth was 12.9%. Thirty-one peers grew more slowly than InfoBeans Technologies and two grew faster. Twenty of 32 peers reported higher profit.