Inspirisys Solutions Limited (INSPIRISYS)
₹82.17 +1.13% last close, 16 Oct
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Inspirisys Solutions' revenue was ₹142 Cr (+17.8% year on year, +9.2% on the previous quarter), and net profit ₹8.8 Cr (-28.5% year on year); the operating margin was 7.7%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹142 | +17.8% | +9.2% |
| Operating profit | ₹11.0 | -3.4% | +24.5% |
| Net profit | ₹8.8 | -28.5% | -52.9% |
| EPS (₹) | 2.21 | -28.5% | -53.0% |
| Operating margin | 7.7% | — | — |
INSPIRISYS delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 85.32% of the INSPIRISYS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 82.4%. That is close to its usual level. Turnover was only ₹4 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 1 session in about the last 20.
Delivery in the last 5 sessions: 87.9% · 71.9% · 94.4% · 75.9% · 85.3%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Inspirisys Solutions Limited submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), the Registrar and Share Transfer Agent. The RTA confirmed that securities received for dematerialisation were duly processed, listed on stock exchanges, and mutilated as required within prescribed timelines. This is a standard quarterly regulatory filing with no operational or financial impact.
- Compliance certificate filed under Regulation 74(5) for the quarter ended September 30, 2026
- Certificate issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on October 3, 2026
- Confirmation that received dematerialised share certificates were mutilated, cancelled, and substituted within prescribed timelines
Inspirisys Solutions reported a 26.4% YoY increase in consolidated revenue to ₹106.97 Cr for Q1 FY27, up from ₹84.60 Cr. However, standalone Profit After Tax (PAT) declined 21% YoY to ₹4.28 Cr from ₹5.42 Cr, primarily due to higher sub-contracting costs and a loss-making Systems Integration segment. The Services segment remains the primary driver, contributing 74.2% of total revenue. Profitability was also impacted by a sequential decline from Q4 FY26, where standalone PAT was ₹9.36 Cr.
- Consolidated Revenue from operations grew 26.4% YoY to ₹106.97 Cr.
- Standalone PAT decreased to ₹4.28 Cr compared to ₹5.42 Cr in the year-ago quarter.
- Services segment revenue reached ₹79.41 Cr, accounting for 74.2% of total consolidated revenue.
- Systems Integration segment reported a loss of ₹33 Lakhs at the result level for the quarter.
- Sub-contracting and outsourcing costs rose to ₹34.49 Cr from ₹28.32 Cr YoY.
Inspirisys Solutions reported a 26.4% YoY increase in consolidated revenue to ₹106.97 Cr for Q1 FY27, primarily driven by a surge in the Systems Integration segment. However, consolidated Profit Before Tax (PBT) fell 25.5% YoY to ₹5.91 Cr, down from ₹7.93 Cr in the year-ago period. This decline was largely due to margin compression in the core Services segment, where profits dropped from ₹13.50 Cr to ₹9.83 Cr. Standalone PAT for the quarter stood at ₹4.28 Cr, representing a 21% decline compared to ₹5.42 Cr in June 2025.
- Consolidated revenue from operations increased to ₹106.97 Cr from ₹84.60 Cr in the same quarter last year.
- Services segment profit, the company's main driver, declined by 27% YoY to ₹9.83 Cr.
- Systems Integration revenue jumped significantly to ₹25.81 Cr from ₹7.26 Cr YoY, though it remained loss-making at the segment level (-₹0.33 Cr).
- Standalone EPS for the quarter fell to ₹1.08 from ₹1.37 in the previous year's June quarter.
- Total consolidated assets grew to ₹349.81 Cr as of June 30, 2026, compared to ₹272.19 Cr a year earlier.
Inspirisys Solutions has received a favorable ruling from the Kerala Value Added Tax Appellate Tribunal regarding a dispute from FY 2016-17. The tribunal dismissed a tax demand of ₹109 lakhs (~₹1.09 Cr) that was being contested by the State GST Department. While the amount is relatively small at approximately 2.6% of the company's TTM PAT of ₹41 Cr, the resolution removes a decade-old contingent liability. This outcome follows a previous favorable order from 2021 that the department had unsuccessfully challenged.
- Tax demand of ₹109 lakhs dismissed by the Kerala VAT Appellate Tribunal, Ernakulam.
- The litigation pertained to the Financial Year 2016-17, representing a legacy tax issue.
- Final order received by the company on August 10, 2026, at 02:12 P.M. IST.
- The dismissal follows an appeal filed by the Joint Commissioner (Intelligence), State GST Department against a 2021 order.
CARE Ratings has upgraded the credit ratings for Inspirisys Solutions Limited's bank facilities totaling ‡20 crore. The long-term rating improved from CARE BBB to CARE BBB+ (Stable), while the short-term rating was upgraded from CARE A3+ to CARE A2. This upgrade follows a significant recovery in profitability, with FY25 PAT rising to ‡31.72 crore from ‡3.67 crore in FY24, supported by a low debt-to-equity ratio of 0.03.
- Long-term bank facilities of ‡2 crore upgraded to CARE BBB+; Stable from CARE BBB; Stable
- Short-term bank facilities of ‡18 crore upgraded to CARE A2 from CARE A3+
- Total rated bank facilities amount to ‡20 crore, representing approximately 4.2% of TTM revenue
- Company maintains a strong balance sheet with a low debt of ‡5 crore against a net worth of ‡175 crore
Inspirisys Solutions Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, confirms that all dematerialization requests for the quarter ended June 30, 2026, were processed within the prescribed timelines. This includes the verification, cancellation, and mutilation of physical certificates and the substitution of depository names in the register of members. This is a standard administrative filing required for all listed entities in India.
- Compliance certificate issued for the quarter ended 30th June 2026
- Registrar MUFG Intime India Private Limited confirmed processing of demat requests
- Verification and cancellation of security certificates completed within prescribed timelines
- Confirmation that dematerialized securities are listed on the stock exchanges
Inspirisys Solutions Limited held its 31st Annual General Meeting on June 30, 2026, where shareholders approved all proposed resolutions with a requisite majority. Key items included the adoption of standalone and consolidated audited financial statements for the fiscal year ended March 31, 2026, and the re-appointment of Mr. Toru Horiuchi as a Director. The voting results showed near-unanimous support, with 99.99% of the 2.77 crore votes cast in favor of the resolutions. However, public non-institutional participation was low, with only 0.49% of eligible shares in that category being voted.
- 31st Annual General Meeting successfully concluded on June 30, 2026, via Video Conferencing.
- Shareholders approved the FY26 Audited Financial Statements with 2,77,70,375 votes in favor.
- Mr. Toru Horiuchi was re-appointed as a Director, receiving 100% of the votes cast (rounded).
- Total of 2,77,70,451 votes were cast, with only 76 votes (0.00%) recorded as dissent.
- Promoter group participation was 100% of their 2,77,12,125 shares, while public non-institutional turnout was just 0.49%.
Inspirisys Solutions Limited concluded its 31st Annual General Meeting (AGM) on June 30, 2026. The meeting focused on two primary ordinary resolutions: the adoption of standalone and consolidated audited financial statements for the year ended March 31, 2026, and the re-appointment of Mr. Toru Horiuchi as a Director. The company reported a TTM revenue of ₹474 Cr and a TTM PAT of ₹41 Cr leading up to this period. Detailed voting results are expected to be filed separately under Regulation 44(3).
- 31st Annual General Meeting held on June 30, 2026, via video conferencing
- Adoption of Audited Financial Statements for the year ended March 31, 2026
- Re-appointment of Mr. Toru Horiuchi (DIN: 08111162) as Director
- Meeting duration of 1 hour and 45 minutes, concluding at 03:45 PM
Inspirisys Solutions Limited has been officially certified as a Great Place to Work by Great Place to Work, India, for the period June 2026 to June 2027. This marks the second consecutive year the company has earned this recognition under the Large Organizations category. The certification is based on an anonymous Trust Index Survey that evaluates workplace culture, trust, and employee well-being. Such recognitions are positive indicators of human capital stability and corporate governance in the IT services sector.
- Certified as a Great Place to Work for the period June 2026 to June 2027.
- Achieved this recognition for the second consecutive year in the Large Organizations category.
- Certification is based on an independent and anonymous Trust Index Survey of employees.
- Reflects the company's commitment to a high-trust, inclusive, and employee-centric work environment.
Inspirisys Solutions Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, as the company prepares to finalize its unaudited financial results for the quarter ended June 30, 2026. The window will remain closed until 48 hours after the results are declared. The specific date for the board meeting to approve these results will be communicated in the future.
- Trading window closure begins on July 1, 2026, for all designated persons.
- Closure is in anticipation of the unaudited financial results for the quarter ended June 30, 2026.
- The window will reopen 48 hours after the official declaration of the financial results.
- The board meeting date for result approval is yet to be announced.
Inspirisys Solutions Limited has scheduled its book closure period from June 24, 2026, to June 30, 2026, for the purpose of its Annual General Meeting (AGM) for FY 2025-2026. The record date to determine member eligibility for the meeting is June 23, 2026. This is a standard regulatory compliance filing under Regulation 42 of SEBI (LODR) Regulations, 2015. No dividend or financial corporate action was mentioned in this specific intimation.
- Register of Members and Share Transfer Books will remain closed from June 24 to June 30, 2026.
- The record date for the Annual General Meeting (AGM) for FY 2025-2026 is June 23, 2026.
- The announcement is made pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The closure period covers 7 days inclusive of both start and end dates.
Inspirisys Solutions Limited has scheduled its 31st Annual General Meeting (AGM) for June 30, 2026, via video conferencing. The company has fixed June 23, 2026, as the cut-off date to determine shareholder eligibility for electronic voting. The primary agenda includes the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the re-appointment of Mr. Toru Horiuchi as a Director. Remote e-voting will be available from June 26 to June 29, 2026.
- 31st Annual General Meeting scheduled for June 30, 2026, at 2:00 PM IST through VC/OAVM.
- Cut-off date for determining voting rights is Tuesday, June 23, 2026.
- Remote e-voting period starts June 26, 2026 (9:00 AM) and concludes June 29, 2026 (5:00 PM).
- Register of Members and Share Transfer Books will remain closed from June 24 to June 30, 2026.
- Agenda includes adoption of FY 2025-26 financial statements and re-appointment of Director Mr. Toru Horiuchi.
Inspirisys Solutions Limited has scheduled its 31st Annual General Meeting (AGM) for June 30, 2026, to be conducted virtually. The company has fixed June 23, 2026, as the cut-off date to determine shareholder eligibility for e-voting. The agenda includes the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the re-appointment of Mr. Toru Horiuchi as a Director. Share transfer books will remain closed from June 24 to June 30, 2026.
- 31st Annual General Meeting scheduled for June 30, 2026, at 2:00 PM IST via VC/OAVM
- Cut-off date for determining e-voting eligibility is June 23, 2026
- Remote e-voting period starts June 26 and ends June 29, 2026
- Book closure period set from June 24, 2026, to June 30, 2026
- Agenda includes adoption of FY26 audited financial statements and director re-appointment
Inspirisys Solutions Limited has successfully resolved a long-standing legal dispute with Kerala Medical Services Corporation Limited (KMSCL) originating from a 2011 tender. The matter was settled through mediation and subsequently disposed of by the Hon’ble High Court of Kerala. Consequently, a demand of Rs. 75.89 lakhs against the company has been resolved, with both parties agreeing to waive all mutual claims and counterclaims. The company received the certified court order on June 03, 2026, marking the final closure of this legacy litigation.
- Amicable resolution of a dispute with Kerala Medical Services Corporation Limited (KMSCL) regarding a 2011 contract.
- The settlement effectively eliminates a demand of Rs. 75.89 lakhs that was previously raised against the company.
- All claims and counterclaims, including a Rs. 7.68 lakh bank guarantee payment, have been mutually waived and settled.
- The Hon’ble High Court of Kerala passed the final order on April 10, 2026, following the mediation agreement.
- The certified copy of the court order was officially received by the company on June 03, 2026.
Inspirisys Solutions Limited has responded to a clarification request from the National Stock Exchange (NSE) regarding significant movement in its stock price on May 19, 2026. The company officially stated that the price volatility is purely market-driven and not a result of any undisclosed material events. The management confirmed that all price-sensitive information has been disclosed in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015. This response suggests that there are no immediate fundamental changes or corporate actions driving the recent price action.
- NSE issued surveillance letter ref.no. NSE/CM/Surveillance/17014 on May 19, 2026.
- Company confirms price movement is purely market-driven with no undisclosed information.
- Management reaffirmed compliance with SEBI (LODR) Regulations, 2015.
- No material information or events have been withheld that would impact price or volume behavior.
Financial Performance
Revenue Growth by Segment
Total revenue declined by 21.8% YoY to INR 388.15 Cr in FY25. Services revenue grew 8.2% to INR 294.02 Cr (76% of mix), while System Integration (SI) revenue fell 59.4% to INR 86.69 Cr (22% of mix) as the company pivoted away from low-margin SI business. Warranty Management Services declined 37.3% to INR 7.44 Cr.
Geographic Revenue Split
Not fully disclosed, but the company closed its Singapore branch in June 2025 and suspended operations in the USA (March 2020) and UK (April 2023). Revenue from operating subsidiaries was INR 22.29 Cr, a 20% reduction YoY.
Profitability Margins
Operating Profit Margin improved from 8% to 9% in FY25 due to a higher mix of services revenue. Net Profit Margin increased from 4% to 7% (INR 31.73 Cr total profit) aided by deferred tax recognition and higher service margins.
EBITDA Margin
Operating profit margin stood at 9% in FY25, up from 8% YoY. Credit rating agencies indicate a positive rating sensitivity if PBILDT margins improve above 15%.
Capital Expenditure
Not disclosed in absolute INR Cr for future periods, but the company is investing in 'Strategic Innovations' for AI, ML, and modular banking solutions.
Credit Rating & Borrowing
CARE Ratings assigned a 'Stable' outlook. Interest coverage ratio improved to 5.32x in FY25 from 4.65x in FY24. Debt-to-equity ratio improved to 0.4:1 following the repayment of an ECB loan in January 2025.
Operational Drivers
Raw Materials
As an IT services firm, primary costs are Sub-contracting/Outsourcing (INR 59.67 Cr in H1 FY26) and Employee Benefits (INR 60.78 Cr in H1 FY26).
Import Sources
Not applicable for IT services; however, the company maintains a nationwide presence in India with 100+ service locations and offshore delivery capabilities.
Key Suppliers
Not specifically named, but the company maintains strong relationships with technology vendors for its infrastructure solutions.
Capacity Expansion
Current operations include 9 regional offices and 3 development centers. Expansion is focused on 'Strategic Innovations' and scaling digital operations rather than physical manufacturing capacity.
Raw Material Costs
Sub-contracting and outsourcing costs represented approximately 29% of total expenses in H1 FY26 (INR 59.67 Cr).
Manufacturing Efficiency
Not applicable; however, the company improved its Debtors Turnover from 104 days to 78 days in FY25, reflecting better collection efficiency.
Logistics & Distribution
Not disclosed as a specific percentage of revenue; distribution is handled through 100+ direct service locations.
Strategic Growth
Expected Growth Rate
34%
Growth Strategy
The company is shifting its business mix toward high-margin Services (now 76% of revenue) and away from low-margin System Integration. Growth is targeted through AI, ML, and cybersecurity integrations in the BFSI sector, supported by a Strategic Innovations team and the parentage of CAC Holdings Corporation, Japan.
Products & Services
Digital transformation software, banking solutions (public/private/cooperative banks), product engineering, and warranty management services.
Brand Portfolio
Inspirisys.
New Products/Services
Modular, scalable banking solutions and AI/ML-integrated cybersecurity services; specific revenue contribution % for new launches is not disclosed.
Market Expansion
Focusing on scaling offshore presence and strengthening the domestic banking network in India.
Market Share & Ranking
Not disclosed; however, the company has a 30-year track record in IT infrastructure.
Strategic Alliances
Strong support and parentage from CAC Holdings Corporation, Japan, which provides financial and strategic backing.
External Factors
Industry Trends
The IT industry is shifting toward AI, ML, and cybersecurity. Inspirisys is positioning itself as a 'next-generation' banking partner to capture this 15-20% industry-wide shift toward digital-first infrastructure.
Competitive Landscape
Highly competitive IT services market with players like major Indian Tier-1 and Tier-2 firms; pricing is constrained by wage inflation.
Competitive Moat
Moat includes a 30-year track record, CMMI Level 5 certification, and strong parentage from CAC Holdings Japan. These provide durable switching costs for banking clients who require high security and compliance.
Macro Economic Sensitivity
Sensitive to global IT spending and Indian BFSI sector health; wage inflation is a key headwind for margins.
Consumer Behavior
Enterprises are moving from capital-intensive system integration to service-based digital transformation models.
Geopolitical Risks
Operations in the USA and UK were suspended/discontinued, reducing direct exposure to those regions, but the company remains subject to Indian regulatory shifts.
Regulatory & Governance
Industry Regulations
Compliant with Companies Act 2013 and Ind AS. Banking solutions must adhere to evolving RBI and financial data security standards.
Environmental Compliance
Low energy consumption profile; ESG compliance costs are not specifically disclosed.
Taxation Policy Impact
Effective tax benefit in FY25 due to Deferred Tax Recognition; H1 FY26 current tax was INR 6.01 Cr.
Legal Contingencies
The company is in the process of writing off investments in subsidiaries (e.g., Singapore branch) with AD banker approval; no major pending litigation values were disclosed in the snippets.
Risk Analysis
Key Uncertainties
BFSI concentration risk (68% of revenue) and the potential for loss-making subsidiaries to drag on consolidated performance.
Geographic Concentration Risk
High concentration in India following the suspension of USA and UK operations and closure of the Singapore branch.
Third Party Dependencies
Dependency on technology vendors for infrastructure components and sub-contractors for service delivery (INR 59.67 Cr cost in H1 FY26).
Technology Obsolescence Risk
High risk if the company fails to integrate AI and ML into its core banking and security offerings.
Credit & Counterparty Risk
Receivables quality improved (78 days vs 104 days), but long-standing receivables of INR 40.49 Cr from the North American subsidiary remain a concern.
