InfoBeans Technologies, an AI-led digital transformation company backed by Mukul Agrawal, reported a 200% year-on-year growth in Profit After Tax (PAT) for Q1 FY26 (April–June 2025). Following the announcement, shares of InfoBeans hit the 20% upper circuit in the trading session on July 23. The growth is broad-based, spanning across geographies and service verticals. Notably, Mukul Agrawal holds 10,62,391 shares in the company, valued at ₹57.2 crore.
The Indore-based company posted a PAT of INR 24 crore in Q1FY26 as against INR 8 crore in the same quarter last year. Revenue for the quarter was INR 124 crore, a 23% YoY growth, including INR 6 crore other income from Employee Retention Credit (ERC) benefit filed in the US in 2022. Excluding this one-time, operational revenue was INR 112 crore and EBITDA (adjusted) was INR 30 crore.
This growth is a result of the company’s rapid scale-up, optimised workforce deployment and client-centric AI-driven service offerings.
📈 Financial Snapshot: InfoBeans Q1 FY26 vs Q1 FY25
| Metric | Q1 FY26 | Q1 FY25 | YoY Change |
|---|---|---|---|
| Revenue (incl. ERC) | 124 | 100 | +23% |
| Revenue (excl. ERC) | 112 | 97 | +15% |
| EBITDA (adj.) | 30 | 19 | +58% |
| PAT | 24 | 8 | +200% |
| PAT Margin | 19% | 8% | +11 pp |
In USD terms, revenue rose by 14% YoY, reinforcing the firm’s strong dollar-denominated business across global markets.
🌎Global Presence and Client Base
InfoBeans operates in major innovation hubs including Silicon Valley, New York, Frankfurt, Dubai, and Indian metros like Pune, Indore, Chennai and Bengaluru. With a headcount of over 1,450 employees, it serves 32 large enterprises with a 95% repeat business rate and 9+ years of client retention.
Their clients include Fortune 500 companies from sectors like financial services, logistics, telecommunications, cloud data services and healthcare compliance—many under NDA. A large Japanese bank, a German tech giant and a Fortune 200 logistics leader are among their marquee clients.
🚀 Strategic Expansion and Acquisitions
Since its IPO on NSE, InfoBeans has done multiple strategic things:
- Acquired Pune-based Eternus Solutions (2019)
- Acquired U.S.-based Philosophie Group Inc.
- Partnered with Agineo (2024)
- Onboarded tech luminary Mr. Phaneesh Murthy as Board Advisor
- Appointed Harmeet Bhatia (CRO) and Opal Perry (Independent Director, ex-easyJet CTO) to the leadership team
The company has CMMI Level 5 certification, ISO 9001:2015, ISO 27001, ISO 14001 and ISO 45001 certifications, which reflect operational excellence and mature security, environmental, and quality management systems.
💰 Capital Returns: Buyback & Dividend
InfoBeans continued rewarding shareholders:
- Buyback of 2,15,520 shares at INR 464/share in Q4 FY25, returning INR 10 crore to investors. Promoters notably did not participate, signalling confidence in long-term prospects.
- Final dividend of INR 1 per share announced, with record date set as 25 July 2025.
The company’s cash and cash equivalents stood at INR 256 crore, including INR 86 crore in accounts receivables, positioning it well for future investments or potential M&A moves.
InfoBeans Post-IPO Performance
InfoBeans Technologies launched its IPO on 18 April 2017, with a total issue size of INR 36.8 crore. The offering was a completely fresh issue and was listed on the NSE Emerge platform.
The IPO received an overwhelming response from investors, being oversubscribed by 31.9 times. The stock debuted at INR 69.60 per share, representing a 20% premium over its allotment price of INR 58 per share.
In April 2022, the stock reached its all-time high, delivering approximately 1,300% returns from its IPO issue price. However, it has since undergone a correction and is currently trading at INR 541 per share, reflecting a decline of about 33% from its peak of INR 810.65 per share.
📊 Stock Performance and Valuation
As of 23 July 2025:
- Market Price: INR 541 per share
- Market Cap: INR 1,323 crore
- Trailing 12M EPS: INR 21.98
- Stock PE: 24.3
Conclusion
With a 24% revenue CAGR since FY21 and a proven track record of strategic expansion, InfoBeans is firmly emerging as a serious mid-cap digital transformation play. Its commitment to AI-driven enterprise solutions, strong balance sheet, and leadership continuity position it well to ride the wave of generative AI and cloud transformation demand.
Mukul Agrawal’s backing further lends confidence to retail and institutional investors seeking exposure to India’s IT innovation story outside the big IT services behemoths.
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Disclaimer: This article is for informational purposes and does not constitute investment advice. Readers should conduct their own due diligence or consult financial professionals before making investment decisions.