Infinity Infoway Ltd (544567)
Q2 FY27 results
📅 Next results: 21 Oct 2026 (board meeting)Infinity Infoway Ltd's board meets on 21 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Infinity Infoway's revenue was ₹6.9 Cr (+119.0% year on year, -55.8% on the previous quarter), and net profit ₹2.0 Cr (+93.9% year on year); the operating margin was 44.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹6.9 | +119.0% | -55.8% |
| Operating profit | ₹3.1 | +102.5% | -48.2% |
| Net profit | ₹2.0 | +93.9% | -52.1% |
| EPS (₹) | 3.70 | +38.1% | -52.1% |
| Operating margin | 44.9% | — | — |
📢 Recent Corporate Announcements
In its Q1 FY27 earnings call, Infinity Infoway reported revenue of ₹6.89 crore, EBITDA of ₹3.44 crore, and PAT of ₹2.01 crore (up 93% YoY). The company reported an active order book of ₹75 crore executable over the next two years, which represents ~203% of its TTM revenue (₹37 crore). Operational highlights include the rollout of an ₹11 crore AI higher-education project and the launch of its 20-year patented ZeroTouch secure examination product (guided to contribute 20-22% of revenue). Management maintained an EBITDA margin guidance band of 42% to 46% while expanding sales teams into multiple northern and eastern states.
- Order book stood at ₹75 crore executable over the next two years (~203% of TTM revenue)
- Q1 FY27 revenue reached ₹6.89 crore with EBITDA of ₹3.44 crore and PAT of ₹2.01 crore
- Delivered ₹11 crore AI-based complete solution project in higher education in Q1 FY27
- Commercialized patented 20-year ZeroTouch machine, targeted to contribute 20% to 22% of revenue
- Management guided sustainable long-term EBITDA margins between 42% and 46%
Infinity Infoway has released the audio recording of its Q1 FY27 earnings conference call held on August 13, 2026. The call, attended by Managing Director Mr. Bhaveshkumar Gadhethriya, discussed the company's financial performance for the quarter ended June 30, 2026, where it reported a revenue of ₹6.90 crore and a net profit of ₹2.02 crore. This follows a full-year FY26 performance of ₹23.77 crore in revenue and ₹7.01 crore in net profit. The company maintains a high operating profit margin of 43.0% and a strong ROCE of 35.1%.
- Earnings conference call held on August 13, 2026, at 4:00 P.M. to discuss Q1 FY27 results.
- Reported Q1 FY27 revenue of ₹6.8993 crore against a TTM revenue of ₹37 crore.
- Net profit for the quarter ended June 30, 2026, stood at ₹2.0161 crore.
- Managing Director Mr. Bhaveshkumar Dhirajlal Gadhethriya represented the company; no UPSI was shared.
Infinity Infoway reported a robust Q1 FY27 with revenue growing 119.3% YoY to ₹6.90 Cr and PAT increasing 93.3% to ₹2.02 Cr. The company is pivoting towards AI-led growth engines, specifically its patented 'ZeroTouch' exam security technology, which is projected to contribute 20-22% of total revenue. Management plans to invest ₹3.75 Cr in ZeroTouch development, representing approximately 10% of TTM revenue. While PAT margins compressed slightly from 33.15% to 29.22% YoY, the company maintains a strong ROCE of 6.11% for the quarter.
- Revenue from operations surged 119.3% YoY to ₹6.90 Cr in Q1 FY27 compared to ₹3.15 Cr in Q1 FY26
- Net Profit (PAT) increased by 93.3% YoY to ₹2.02 Cr from ₹1.04 Cr in the previous year's quarter
- ZeroTouch DaaS technology is projected to contribute 20-22% of total revenue with 150+ machines planned
- Planned investment of ₹3.75 Cr in proprietary ZeroTouch DaaS development for exam security
- Targeting a reach of 6.4 lakh students across 3 universities and 20+ institutions for the new platform
Infinity Infoway Limited has scheduled its Q1 FY27 earnings conference call for August 13, 2026, at 4:00 PM IST. The call will be led by the Promoter and Managing Director, Mr. Bhaveshkumar Dhirajlal Gadhethriya, to discuss financial performance and business developments. This follows a period of significant growth, with TTM revenue reaching Rs 37 Cr compared to FY25 revenue of Rs 13.19 Cr. Investors will likely seek updates on the strategic collaboration with NPST and the adoption of the Timepay Prepaid Card.
- Earnings conference call for Q1 FY27 scheduled for August 13, 2026, at 4:00 PM IST
- Management representation by Promoter & Managing Director Mr. Bhaveshkumar Dhirajlal Gadhethriya
- Company reported a TTM revenue of Rs 37 Cr and TTM PAT of Rs 11 Cr
- Operating profit margin remains high at 43.4% as per latest TTM data
- Promoter holding remains stable at 68.49% as of June 2026
Infinity Infoway Ltd has appointed CS Janvi N. Davda as the Secretarial Auditor for the financial year 2026-27. The appointment was approved by the Board of Directors on August 11, 2026, in compliance with SEBI (LODR) Regulations. The auditor is an Associate Member of ICSI with over 6 years of experience in corporate governance and regulatory compliance. This is a standard administrative procedure and does not impact the company's financial standing or operations.
- Appointment of CS Janvi N. Davda as Secretarial Auditor for the financial year 2026-27
- The auditor brings over 6 years of professional experience in Corporate and Allied Laws
- Board approval for the appointment was finalized on August 11, 2026
Infinity Infoway reported a strong year-on-year performance for Q1 FY27, with consolidated revenue from operations rising 87.5% to ₹5.89 Cr from ₹3.14 Cr in Q1 FY26. Net profit nearly doubled YoY to ₹2.01 Cr, although it declined sequentially from ₹2.63 Cr in the March 2026 quarter. A significant portion of the total income (₹9.59 Cr) was driven by 'Other Income' of ₹3.51 Cr. The company has utilized ₹14.58 Cr (66%) of its ₹22.01 Cr IPO proceeds as of June 30, 2026, primarily for IT infrastructure and working capital.
- Revenue from operations grew 87.5% YoY to ₹5.89 Cr in Q1 FY27.
- Net Profit (PAT) increased 93.2% YoY to ₹2.01 Cr from ₹1.04 Cr.
- Other Income contributed ₹3.51 Cr, accounting for approximately 36.6% of the total income for the quarter.
- IPO fund utilization reached ₹14.58 Cr out of the total ₹22.01 Cr proceeds.
- Basic EPS for the quarter improved to ₹3.70 from ₹2.69 in the corresponding quarter of the previous year.
Infinity Infoway Ltd has scheduled a board meeting on August 11, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. This follows a strong March 2026 quarter where the company reported revenue of ₹15.62 crore and a net profit of ₹4.21 crore. Additionally, the board will consider the appointment of Mrs. Janvi Davda as the Secretarial Auditor for the financial year 2026-27. Investors will be looking for consistency in the company's high operating margins, which stood at 43.4% on a TTM basis.
- Board meeting scheduled for August 11, 2026, to approve Q1 FY27 results
- Review of financial performance for the quarter ended June 30, 2026
- Appointment of Mrs. Janvi Davda as Secretarial Auditor for FY 2026-27
- Company reported a significant revenue of ₹15.62 crore in the preceding quarter (Mar 2026)
- TTM revenue currently stands at ₹37 crore with a PAT of ₹11 crore
Infinity Infoway Limited has submitted its 18th Annual Report for the financial year ended March 31, 2026, as per SEBI regulations. The report includes audited financial statements, the Board's Report, and Management Discussion and Analysis. The company has scheduled its Annual General Meeting (AGM) for August 07, 2026, at 11:00 AM via Video Conferencing. This is a standard regulatory filing providing comprehensive details on the company's performance for the previous fiscal year.
- 18th Annual General Meeting scheduled for August 07, 2026
- Annual Report covers the full financial year ending March 31, 2026
- AGM to be conducted at 11:00 A.M. through Video Conferencing (VC) or Other Audio-Visual Means (OAVM)
- Submission made under Regulation 34(1) of SEBI (LODR) Regulations, 2015
Infinity Infoway Limited has submitted its Annual Report for the financial year 2025-26 as per SEBI regulations. The report includes the audited financial statements, Board's Report, and Management Discussion and Analysis (MD&A). The company has scheduled its 18th Annual General Meeting (AGM) for August 07, 2026, at 11:00 A.M. The meeting will be conducted virtually via Video Conferencing or Other Audio-Visual Means.
- 18th Annual General Meeting scheduled for August 07, 2026
- Annual Report covers the full financial year ending March 31, 2026
- AGM to be held via Video Conferencing (VC) at 11:00 A.M.
- Filing includes the Management Discussion and Analysis (MD&A) report
Infinity Infoway Ltd has scheduled its 18th Annual General Meeting (AGM) for August 07, 2026, at 11:00 A.M. via video conferencing. The company has set July 31, 2026, as the cut-off date to determine shareholder eligibility for voting. Remote e-voting will be available for three days, starting from August 04, 2026, at 9:00 A.M. and concluding on August 06, 2026, at 5:00 P.M. The Annual Report for the Financial Year 2025-26 has been dispatched to shareholders.
- 18th Annual General Meeting to be held on August 07, 2026
- Cut-off date for e-voting eligibility is July 31, 2026
- Remote e-voting period runs from August 04 to August 06, 2026
- Meeting to commence at 11:00 A.M. through Video Conferencing
Infinity Infoway's board met on July 13, 2026, to approve several key resolutions for the upcoming 18th Annual General Meeting (AGM) scheduled for August 7, 2026. Key approvals include an enhancement of borrowing limits, material related party transactions (RPTs) with four entities, and the ratification of the ESOP 2025 plan. The board also recommended executive remuneration revisions and the re-appointment of Director Dhirajlal Bhanjibhai Gadhethriya. Shareholders as of the July 31, 2026, cut-off date will be eligible to vote on these matters.
- 18th Annual General Meeting (AGM) scheduled for August 7, 2026, at 11:00 A.M. via VC/OAVM.
- Cut-off date for e-voting eligibility set for July 31, 2026.
- Approval of material related party transactions with 4 entities: Infinity Transoft, Infinity Edutech, Flycare Health, and Jetinfy Technology.
- Recommended enhancement of borrowing limits under Section 180(1)(c) and loans/investments under Section 186.
- Ratification and amendment of Infinity Employee Stock Option Plan 2025 (ESOP 2025) following the company's listing.
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents. The company has not provided specific revenue figures or percentage growth for its ERP or software segments in the provided announcements.
Geographic Revenue Split
Not disclosed in available documents. While the company plans a 'phased pan-India rollout' for its new integrated solution, current regional revenue percentages are not provided.
Profitability Margins
Not disclosed in available documents. The company states the current collaboration 'does not result in any material financial impact on the Company at this stage,' implying no immediate change to Gross, Operating, or Net margins.
EBITDA Margin
Not disclosed in available documents. Core profitability and YoY changes are not mentioned in the strategic collaboration disclosure.
Capital Expenditure
Not disclosed in available documents. No specific INR values for historical or planned CapEx were provided in the announcement of the NPST partnership.
Credit Rating & Borrowing
Not disclosed in available documents. The documents do not contain information regarding credit ratings or specific interest rate percentages for borrowings.
Operational Drivers
Raw Materials
Not disclosed in available documents. As a software and ERP provider, the primary inputs are likely human capital and technology infrastructure rather than physical raw materials.
Key Suppliers
Network People Services Technologies Limited (NPST) serves as a strategic technology partner providing the Timepay Prepaid Card infrastructure for integration into Infinity ERP.
Capacity Expansion
Not disclosed in available documents. The company mentions leveraging its 'strong footprint across universities, schools, enterprises, and transport operators' but does not quantify current vs. planned capacity in units or MT.
Raw Material Costs
Not disclosed in available documents. Procurement strategies for technology components or licensing are not detailed.
Manufacturing Efficiency
Not disclosed in available documents. Capacity utilization percentages for software deployment are not provided.
Strategic Growth
Growth Strategy
Infinity Infoway Limited aims to achieve growth through a strategic collaboration with NPST to integrate digital payments into its ERP platform. The strategy focuses on a phased pan-India rollout targeting the education, enterprise, and mobility segments. By digitizing student and employee expenditures through identity-linked prepaid cards, the company intends to create sustainable, transaction-driven revenue streams and increase institutional reach.
Products & Services
Infinity ERP platform, Timepay Prepaid Card integrated identity cards (Student ID, Employee ID, Driver ID), and identity-linked digital payment solutions.
Brand Portfolio
Infinity ERP, Timepay (via NPST partnership).
New Products/Services
Timepay Prepaid Card integrated with Infinity ERP, launched on January 9, 2026. Expected revenue contribution percentage is not disclosed.
Market Expansion
Phased pan-India rollout targeting universities, schools, enterprises, and transport operators.
Strategic Alliances
Strategic collaboration with Network People Services Technologies Limited (NPST) for embedded finance and digital payment integration.
External Factors
Industry Trends
The industry is shifting toward 'embedded finance' where digital payments are integrated directly into operational ecosystems like ERPs. This trend is currently growing as institutions seek 'cashless payment solutions' that offer transparency and oversight, particularly in the education and enterprise sectors.
Competitive Landscape
The company operates in the ERP and digital payment integration space, competing with other fintech-enabled ERP providers targeting the education and enterprise sectors.
Competitive Moat
The company's moat is built on 'switching costs' and 'network effects.' By integrating payments directly into identity-linked ERP workflows (Student/Employee IDs), the company makes its software essential for both administrative operations and daily financial transactions, making it difficult for institutions to switch to competitors. This is sustainable because it addresses a recurring use case in large institutional footprints.
Consumer Behavior
Shift toward cashless, auditable, and parent-monitored spending in the education segment is driving demand for integrated identity-linked payment cards.
Regulatory & Governance
Industry Regulations
Operations are subject to digital payment regulations and compliance standards for prepaid instruments (PPIs) as the solution involves 'fully compliant cashless payment solutions.'
Risk Analysis
Key Uncertainties
The primary uncertainty is the adoption rate of the integrated Timepay card among existing ERP users, which could impact the 'transaction-driven revenue' by an undisclosed percentage if adoption is low.
Geographic Concentration Risk
Not disclosed in available documents, though the company is currently focused on the Indian market for its phased rollout.
Third Party Dependencies
High dependency on NPST for the prepaid card technology and payment gateway functionality; any technical or regulatory failure at NPST would halt the integrated payment service.
Technology Obsolescence Risk
The company is addressing technology risks by undergoing a digital transformation to 'embed digital payments into identity cards,' moving from traditional ERP to an integrated fintech-ERP model.
