InfoBeans Tech. Q2 FY27 Results (NSE: INFOBEAN)
Signal: Growth decelerated
The read
The operating trajectory remains positive: consolidated revenue grew 30.1% YoY and EBIT 24.4% YoY, but EBIT margin slipped 90bps to 19.0% as employee costs grew 35.3%; PAT still rose 16.1% because the prior-year grant-related other-income distortion is now less severe than in H1FY26.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹163.24 Cr | +30.1% | +6.9% |
| EBIT | ₹30.98 Cr | +24.4% | |
| Net profit | ₹26.26 Cr | +16.1% | |
| EPS | ₹2.71 | +16.8% | |
| EBIT margin | 19.0% |
P&L walk
Revenue increased to ₹16,324 lakh, +30.1% YoY and +6.9% QoQ; EBIT rose 24.4% YoY to ₹3,098 lakh but EBIT margin contracted 90bps YoY to 19.0% as employee and other expenses grew 35.3% and 25.3%, while PAT rose 16.1% to ₹2,626 lakh despite lower other income.
Segments
The filing reports a single Information Technology services segment; the material divergence is between standalone revenue growth of 41.6% YoY and consolidated growth of 30.1%, indicating subsidiaries grew slower than the parent.
Key positives
- Consolidated revenue reached ₹16,324 lakh, up 30.1% YoY and 6.9% QoQ, maintaining the recent high-growth trajectory.
- Consolidated EBIT increased 24.4% YoY to ₹3,098 lakh and recovered 230bps sequentially in margin to 19.0%.
- Standalone revenue grew 41.6% YoY to ₹12,501 lakh, materially faster than consolidated revenue growth of 30.1%.
- EPS rose 16.8% YoY to ₹2.71 and tracked PAT growth, with the bonus-share adjustment reflected in comparatives.
- Consolidated cash and cash equivalents increased to ₹8,157 lakh from ₹5,938 lakh at 31 March 2026.
Key concerns
- Consolidated EBIT margin declined 90bps YoY to 19.0% as employee costs rose 35.3%, faster than revenue growth of 30.1%.
- H1 operating cash flow fell 45.2% YoY to ₹2,887 lakh while H1 revenue rose 33.2%, driven partly by trade receivables increasing to ₹14,344 lakh from ₹10,766 lakh.
- Consolidated other income declined 39.0% YoY to ₹257 lakh; H1FY26 other income included a ₹636 lakh US employee-retention-credit grant, creating a less supportive PAT comparison.
- Standalone employee costs rose 48.9% YoY to ₹8,598 lakh, reaching 68.8% of standalone revenue.
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