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Intrasoft Technologies Limited (ISFT)

₹103.90 -0.83% last close, 16 Oct

📊 NSE: ISFT 🏢 E-Retail/ E-Commerce 📢 Latest filing: 06 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Intrasoft Technologies' revenue was ₹140 Cr (+8.3% year on year, +2.6% on the previous quarter), and net profit ₹4.5 Cr (+10.9% year on year); the operating margin was 3.5%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹140	+8.3%	+2.6%
Operating profit	₹4.9	+1.5%	+22.3%
Net profit	₹4.5	+10.9%	+44.3%
EPS (₹)	2.79	+11.2%	+44.6%
Operating margin	3.5%	—	—

Full quarterly financials → Results calendar →

ISFT exchange data

NSE end-of-day data for Fri, 16 Oct 2026

It closed at a price band (circuit) on 2 sessions in about the last 20.

₹103.90NSE close · -0.83%

Circuit stocks →

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

Intrasoft Technologies Submits Reg 74(5) Demat Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 06 Oct 2026, 03:34 PM

Intrasoft Technologies Limited has submitted its quarterly 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 the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited. The RTA confirmed that securities received for dematerialisation during the period were verified, confirmed, and mutilated as per regulatory timelines. This is a recurring administrative filing and carries no operational or financial impact.

Compliance submission under Regulation 74(5) for the quarter ended September 30, 2026
Certificate issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited
RTA letter dated October 03, 2026 and filed with exchanges on October 06, 2026
Confirmation that dematerialised shares were mutilated and cancelled within prescribed timelines

💡 No action is required as this is a standard quarterly compliance intimation; investors should track upcoming Q2 financial results.

IntraSoft Shareholders Approve Merger With Wholly Owned Subsidiary One Two Three Greetings

🟡 NEUTRAL ⭐ 4/10

M&A 📅 01 Oct 2026, 01:14 PM

IntraSoft Technologies Limited has submitted the Scrutinizer's Report for its 31st Annual General Meeting held on September 29, 2026. Shareholders approved all three resolutions with nearly 100% assent (91,53,379 votes in favor out of 91,53,380 net valid votes). Key approvals include the adoption of FY26 financial statements, the re-appointment of Director Arvind Kajaria, and a Scheme of Amalgamation between wholly owned subsidiary One Two Three Greetings (India) Private Limited and IntraSoft Technologies under Section 233 of the Companies Act, 2013.

Resolution approving Scheme of Amalgamation with wholly owned subsidiary One Two Three Greetings passed with 100% assent (91,53,379 votes).
Net valid votes stood at 91,53,380 across 36 members, with only 1 dissenting vote recorded.
Adoption of FY26 Standalone and Consolidated Financial Statements approved by shareholders.
Re-appointment of Arvind Kajaria as Director retiring by rotation approved.

💡 Track the final regulatory approvals from the Regional Director/MCA for the completion of the fast-track merger under Section 233.

IntraSoft Shareholders Approve Merger With Wholly Owned Subsidiary One Two Three Greetings

🟡 NEUTRAL ⭐ 4/10

M&A 📅 01 Oct 2026, 01:11 PM

Resolution approving Scheme of Amalgamation with wholly owned subsidiary One Two Three Greetings passed with 100% assent (91,53,379 votes).
Net valid votes stood at 91,53,380 across 36 members, with only 1 dissenting vote recorded.
Adoption of FY26 Standalone and Consolidated Financial Statements approved by shareholders.
Re-appointment of Arvind Kajaria as Director retiring by rotation approved.

💡 Track the final regulatory approvals from the Regional Director/MCA for the completion of the fast-track merger under Section 233.

IntraSoft Technologies Holds 31st AGM; Votes on WOS Amalgamation Scheme

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Sep 2026, 06:58 PM

IntraSoft Technologies Limited conducted its 31st Annual General Meeting on September 29, 2026, through video conferencing. Shareholders voted on ordinary business including the adoption of FY26 audited accounts and the re-appointment of Director Arvind Kajaria. Additionally, approval was sought for a Scheme of Amalgamation between wholly owned subsidiary One Two Three Greetings (India) Private Limited and the company via the fast-track route under Section 233. Scrutinizer voting results are expected within 48 hours.

31st Annual General Meeting held on September 29, 2026, via video conferencing
Scheme of Amalgamation considered to merge wholly owned subsidiary One Two Three Greetings (India) Private Limited into IntraSoft Technologies
Fast track amalgamation initiated under Section 233 of the Companies Act, 2013
Final scrutinizer report and voting results to be submitted within 48 hours

💡 Track the final e-voting results on exchange filings to verify shareholder approval of the fast-track amalgamation scheme.

IntraSoft Tech Schedules 31st AGM on Sep 29, 2026; Book Closure from Sep 23 to Sep 29

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Sep 2026, 05:12 PM

IntraSoft Technologies Limited has announced that its 31st Annual General Meeting (AGM) will be held on Tuesday, September 29, 2026, at 3:00 p.m. via Video Conferencing / Other Audio Visual Means. In accordance with SEBI regulations, the Register of Members and Share Transfer Books will be closed from September 23, 2026, to September 29, 2026. The cut-off date for remote e-voting eligibility has been set for September 22, 2026, with the voting window open from September 26 to September 28, 2026. This announcement is a routine statutory intimation without financial implications.

31st AGM scheduled for Tuesday, September 29, 2026, at 3.00 p.m. IST via VC/OAVM
Book closure period set from Wednesday, September 23, 2026, to Tuesday, September 29, 2026 (both days inclusive)
Cut-off date for remote e-voting eligibility fixed as Tuesday, September 22, 2026
Remote e-voting begins at 9:00 a.m. on September 26, 2026, and concludes at 5:00 p.m. on September 28, 2026

💡 Eligible shareholders as of the September 22, 2026 cut-off date should review the AGM notice and resolutions once circulated to participate in the e-voting process.

IntraSoft Tech Calls 31st AGM on Sept 29, 2026; Proposes Fast-Track Merger of WOS

🟡 NEUTRAL ⭐ 3/10

M&A 📅 07 Sep 2026, 05:11 PM

IntraSoft Technologies has scheduled its 31st Annual General Meeting for September 29, 2026, via video conferencing. Key ordinary business items include the adoption of FY26 financial statements and the re-appointment of director Arvind Kajaria. The company has also proposed a special resolution to approve the fast-track amalgamation of its wholly-owned subsidiary, One Two Three Greetings (India) Private Limited, into the parent entity under Section 233 of the Companies Act, 2013. The transferor subsidiary owes Rs. NIL to creditors, and the intra-group merger entails no equity dilution or cash consideration.

31st AGM scheduled for September 29, 2026 at 3:00 PM IST via VC/OAVM
Special resolution proposed for fast-track amalgamation of wholly-owned subsidiary One Two Three Greetings (India) Pvt Ltd
Transferor company reports Rs. NIL aggregate dues to creditors
Register of members and share transfer books closed from September 23 to September 29, 2026

💡 Track voting outcomes at the AGM on September 29, 2026, followed by formal sanction of the fast-track scheme from the Regional Director, MCA.

ISFT Q1 PAT Grows 11% to ₹4.55 Cr; Targets 233% Increase in Product Listings

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 13 Aug 2026, 06:19 PM

IntraSoft Technologies (ISFT) reported Q1 FY27 revenue of ₹139.63 Cr, an 8.2% increase from ₹128.99 Cr in the previous year. Profit After Tax (PAT) rose 11% YoY to ₹4.55 Cr, supported by a strategic shift toward a capital-light 'Vendor Direct' model. The company announced an ambitious plan to expand its product offerings on the Amazon US marketplace from 150,000 to 500,000. Despite the growth, operating margins remain thin at approximately 3.5%, heavily influenced by shipping and marketing costs which consume nearly 30% of revenue.

Revenue from operations grew 8.2% YoY to ₹139.63 Cr in Q1 FY27.
Profit After Tax (PAT) increased to ₹4.55 Cr from ₹4.10 Cr in the same quarter last year.
Company set a target to expand product offerings from 150,000 to 500,000 units.
Shipping and handling expenses stood at ₹21.38 Cr, accounting for 15.3% of total revenue.
Sales and marketing expenses reached ₹20.61 Cr, representing 14.8% of revenue.

💡 Investors should monitor the execution of the product expansion strategy and whether the shift to the 'Vendor Direct' model leads to a meaningful expansion in the currently thin EBITDA margins.

Q1 FY27 Results: Revenue Grows 8.2% to ₹139.63 Cr, PAT Increases 10.7% YoY

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 06:16 PM

IntraSoft Technologies reported a steady performance for Q1 FY27, with revenue rising to ₹139.63 Cr from ₹128.99 Cr in the same quarter last year. Profit After Tax (PAT) saw a 10.7% year-on-year increase, reaching ₹4.54 Cr compared to ₹4.10 Cr. The company continues to leverage its vendor-direct strategy through its 123Stores e-commerce platform on Amazon USA. While growth is positive, the business continues to operate on thin net margins of approximately 3.25%.

Revenue for Q1 FY27 stood at ₹139.63 Cr, an 8.2% increase over ₹128.99 Cr in Q1 FY26.
Profit After Tax (PAT) improved to ₹4.54 Cr from ₹4.10 Cr in the corresponding previous quarter.
Quarterly revenue of ₹139.63 Cr represents approximately 26% of the company's TTM revenue of ₹534 Cr.
The company's market capitalization of ₹127 Cr remains lower than its single-quarter revenue of ₹139.63 Cr.
Management reaffirmed focus on its technology-centric platform and vendor-direct strategy for the US market.

💡 Investors should monitor the company's ability to maintain or expand its thin operating margins (currently ~3.1% TTM) amidst fluctuating US logistics and shipping costs.

ISFT Q1 FY27 Results: Consolidated PAT at ~₹4.62 Cr on Revenue of ~₹142 Cr

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 06:04 PM

Intrasoft Technologies reported Q1 FY27 results with consolidated revenue of approximately ₹142 cr, primarily driven by its US subsidiary 123Stores, Inc. The US subsidiary contributed ₹138.82 cr in income and ₹4.04 cr in PAT, while standalone operations added ₹0.58 cr to the bottom line. Total consolidated PAT of ~₹4.62 cr represents a healthy quarterly run rate relative to the ₹127 cr market cap. However, the business remains characterized by thin margins and high sensitivity to logistics costs.

US subsidiary 123Stores, Inc. generated ₹138.82 cr in total income for the quarter ended June 30, 2026
Standalone PAT increased 40.3% YoY to ₹58.37 lacs from ₹41.59 lacs
Consolidated quarterly PAT of ~₹4.62 cr suggests an annualized run rate higher than the TTM PAT of ₹13 cr
Standalone finance costs rose to ₹45.71 lacs, up from ₹39.27 lacs in the previous year's quarter
Standalone revenue from operations remained nearly flat at ₹329.75 lacs vs ₹327.11 lacs YoY

💡 Monitor the performance of the US e-commerce subsidiary (123Stores, Inc.) as it accounts for over 95% of consolidated revenue. Watch for any improvement in the thin operating margins (historically ~3.1%) which are sensitive to logistics pricing.

June 2026: Intrasoft Technologies Submits Quarterly Share Dematerialization Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 22 Jul 2026, 02:24 PM

Intrasoft Technologies has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed within prescribed timelines. This involves the cancellation of physical certificates and updating the depository as the registered owner. As a routine administrative filing, it has no impact on the company's financial performance or its Rs 120 Cr market capitalization.

Quarter ended June 30, 2026.
Compliance under Regulation 74(5) of SEBI Regulations 2018.
Certificate issued on July 01, 2026.

💡 This is a routine regulatory filing with no operational impact; investors should focus on the company's thin 3.1% operating margins in upcoming earnings.

ISFT Clarifies FY26 Financial Filings; Standalone Assets at ₹164.69 Cr

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 08 Jul 2026, 03:58 PM

Intrasoft Technologies (ISFT) has submitted its audited standalone and consolidated financial results for the year ended March 31, 2026, in response to an exchange query regarding missing submissions. The standalone financials show a Profit Before Tax of ₹2.53 Cr for FY26, a slight improvement from ₹2.05 Cr in FY25. Total standalone assets grew to ₹164.69 Cr, while long-term borrowings increased to ₹16.20 Cr. The filing confirms the group structure includes five subsidiaries/step-down subsidiaries primarily focused on e-commerce and greetings.

Standalone Profit Before Tax rose to ₹2.53 Cr in FY26 from ₹2.05 Cr in FY25
Total Standalone Assets reached ₹164.69 Cr as of March 31, 2026, compared to ₹159.36 Cr in the previous year
Long-term borrowings increased by 46% to ₹16.20 Cr from ₹11.09 Cr YoY
Investments in subsidiary equities were ₹3.70 Cr in FY26, a sharp decrease from ₹108.06 Cr in FY25
Standalone Net Worth stood at ₹140.09 Cr as of March 31, 2026

💡 Watch for the next quarterly results to see if the company can improve its thin 3.1% operating margins through its stated automation and scalability strategy.

Intrasoft Technologies Announces Trading Window Closure from July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Jun 2026, 12:40 PM

Intrasoft Technologies Limited has notified the exchanges that its trading window will be closed starting July 1, 2026, for all promoters, directors, and designated persons. This is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, preceding the announcement of financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are declared. The company will announce the specific board meeting date for the quarterly results separately.

Trading window closure effective from July 1, 2026
Closure pertains to the Un-Audited Quarterly Financial Results for the period ending June 30, 2026
Window to re-open 48 hours after the official declaration of results
Restriction applies to all Promoters, Directors, and Designated Persons

💡 Investors should watch for the upcoming announcement of the Board Meeting date, which will determine when the Q1 FY27 financial performance will be disclosed.

ISFT Q4 FY26 PAT Rises 34% YoY to ₹3.15 Cr; Annual Revenue Hits ₹534 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 27 May 2026, 06:34 PM

Intrasoft Technologies Limited reported a steady financial performance for the quarter ended March 31, 2026, with Q4 revenue growing 4.6% YoY to ₹136.05 Cr. The company saw a significant improvement in quarterly profitability, with PAT rising 34% to ₹3.15 Cr compared to ₹2.35 Cr in the same period last year. For the full financial year 2025-26, revenue reached ₹534.22 Cr with a PAT of ₹13.28 Cr. The management highlighted continued investments in digital infrastructure and their vendor-direct e-commerce model as key drivers for future growth.

Q4 Revenue increased to ₹136.05 Cr from ₹130.04 Cr in the corresponding quarter last year.
Q4 Profit after Tax (PAT) grew by 34% YoY, reaching ₹3.15 Cr.
Full-year FY 2025-26 Revenue stood at ₹534.22 Cr, up from ₹507.19 Cr in the previous year.
Annual PAT for FY 2025-26 increased to ₹13.28 Cr from ₹12.69 Cr in FY 2024-25.
The company continues to focus on its 123Stores e-commerce platform serving the Amazon USA marketplace.

💡 Investors should take note of the improved profit margins in Q4, which suggests better operational efficiency. Monitor the company's ability to scale its US-based e-commerce business and maintain this margin trajectory in the upcoming quarters.

IntraSoft Technologies FY26 Revenue Hits ₹534 Cr; PAT Grows to ₹13.28 Cr Amid Model Shift

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 27 May 2026, 06:31 PM

IntraSoft Technologies (ISFT) reported a steady financial performance for FY26, with consolidated revenue growing 5.3% to ₹534.22 crore. The company has successfully transitioned from an inventory-heavy model to a 'Vendor Direct' model, which has significantly reduced debt and interest costs. Net profit for the year increased to ₹13.28 crore from ₹12.68 crore in the previous fiscal, with Q4 PAT specifically showing a 34% YoY jump. Management is now focused on scaling its product offerings on the Amazon US marketplace from 150,000 to 500,000 items using its proprietary technology platform.

Consolidated Revenue for FY26 rose to ₹53,421.98 Lakhs compared to ₹50,719.37 Lakhs in FY25.
Annual Profit After Tax (PAT) grew to ₹1,327.70 Lakhs, up from ₹1,268.50 Lakhs in the previous year.
Finance costs significantly decreased by 55% YoY to ₹115.22 Lakhs due to debt reduction from the business model shift.
The company plans to expand its product catalog from 150,000 to 500,000 items through its technology-driven platform.
Q4 FY26 PAT showed a strong 34% YoY growth, reaching ₹314.93 Lakhs compared to ₹235.22 Lakhs in Q4 FY25.

💡 Investors should monitor the company's execution in scaling its product catalog to 500,000 items, which is the primary growth lever. The successful transition to an asset-light model improves margins and reduces financial risk, making it a positive long-term prospect.

Intrasoft Technologies Approves Audited FY26 Standalone and Consolidated Financial Results

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 27 May 2026, 05:50 PM

Intrasoft Technologies Limited has approved its audited financial results for the quarter and full year ending March 31, 2026. The Board of Directors met on May 27, 2026, to finalize both standalone and consolidated statements. Significantly, the auditors have issued an unmodified opinion, indicating that the financial reports present a true and fair view of the company's finances. The meeting was conducted efficiently within a 90-minute window.

Approved audited standalone and consolidated financial results for the fiscal year ended March 31, 2026.
Auditors issued an unmodified opinion on the financial statements, confirming accounting reliability.
The board meeting was held on May 27, 2026, from 3:00 P.M. to 4:30 P.M.
Compliance maintained under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Investors should review the detailed profit and loss statements in the full filing to assess year-on-year growth and margin performance. Monitor for any management commentary regarding the outlook for the next fiscal year.

View All ISFT Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue for Q2 FY26 grew 5.53% YoY to INR 132.51 Cr from INR 125.57 Cr. Standalone revenue, primarily from services and investments, saw a significant increase of 116.61% in FY25, reaching INR 12.78 Cr compared to INR 5.90 Cr in FY24.

Geographic Revenue Split

Not specifically disclosed in available documents, though the company operates an international e-commerce platform with a vendor-direct model.

Profitability Margins

Gross Profit margin for Q2 FY26 stood at 35.8% (INR 47.46 Cr). However, Profit After Tax (PAT) margin declined to 2.57% (INR 3.41 Cr) from 3.12% (INR 3.92 Cr) in the previous year's corresponding quarter due to rising operational costs.

EBITDA Margin

EBITDA margin for Q2 FY26 was 3.1% (INR 4.11 Cr), a decrease from 4.14% (INR 5.19 Cr) in Q2 FY25, reflecting a 20.8% YoY drop in EBITDA value.

Capital Expenditure

Standalone purchase of property, plant, and equipment was INR 0.27 Cr in FY25, up from INR 0.01 Cr in FY24. A major capital allocation of INR 108.06 Cr was made towards investments in equities of subsidiaries during FY25.

Credit Rating & Borrowing

Standalone finance costs increased by 27.4% to INR 1.61 Cr in FY25 from INR 1.27 Cr in FY24. Consolidated finance costs for Q2 FY26 were INR 0.25 Cr, down 22.5% from INR 0.32 Cr YoY.

⚙️ Operational Drivers

Raw Materials

Cost of Goods Sold (COGS) represents the primary operational cost at 64.2% of total revenue (INR 85.06 Cr in Q2 FY26).

Key Suppliers

Not disclosed in available documents; however, the company utilizes a 'vendor-direct model' involving multiple brand partners.

Capacity Expansion

The company is focusing on 'bandwidth and scalability' and 'automation levels' to handle increased transaction volumes rather than physical manufacturing capacity.

Raw Material Costs

COGS increased by 7.18% YoY in Q2 FY26, rising from INR 79.36 Cr to INR 85.06 Cr, which slightly outpaced the 5.53% revenue growth.

Manufacturing Efficiency

Focus is on 'Automation levels' and 'Security' to manage e-commerce transactions efficiently.

Logistics & Distribution

Shipping and Handling expenses accounted for 15.4% of revenue in Q2 FY26 (INR 20.43 Cr), while Sales & Marketing expenses accounted for 14.8% (INR 19.67 Cr).

📈 Strategic Growth

Expected Growth Rate

5.10%

Growth Strategy

The company is transforming into a technology-driven platform by investing in systems and processes. It aims to achieve growth through its vendor-direct model, nurturing brand partnerships, and focusing on smarter, sustainable growth through operational excellence and innovation.

Products & Services

E-commerce platform services, vendor-direct retail transactions, and technology-driven logistics/marketing support for brand partners.

Brand Portfolio

IntraSoft Technologies, ISFT.

New Products/Services

Transforming into a dynamic technology-driven platform to create enduring value for brand partners.

Market Expansion

Laying groundwork for smarter growth by investing in people and systems to scale the e-commerce platform.

Strategic Alliances

Nurturing long-term partnerships with brand partners to facilitate the vendor-direct model.

🌍 External Factors

Industry Trends

The industry is shifting toward technology-driven, automated e-commerce platforms. ISFT is positioning itself by moving away from traditional models toward a vendor-direct, high-automation platform to handle scalability and security.

Competitive Landscape

Operates in the competitive e-commerce and technology platform sector, competing with both large-scale marketplaces and niche technology providers.

Competitive Moat

The company's moat is built on its proprietary technology platform, automation levels, and established vendor-direct relationships. These are sustainable as they create high switching costs for brand partners and operational efficiencies that are difficult for smaller players to replicate.

Macro Economic Sensitivity

Highly sensitive to e-commerce consumer spending trends and global logistics costs.

Consumer Behavior

Shift toward smarter, sustainable growth and high-quality service expectations from brand partners and customers.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with the Companies Act, 2013 and IT Act regarding MAT (Minimum Alternate Tax) credit utilization. Auditors identified MAT credit utilization as a Key Audit Matter due to the subjectivity of future profit estimates.

Taxation Policy Impact

Consolidated tax expense for Q2 FY26 was INR 0.28 Cr on a PBT of INR 3.69 Cr (effective rate of ~7.5%). Standalone deferred tax (including MAT credit reversal) was INR 1.16 Cr in FY25.

Legal Contingencies

No material uncertainty exists regarding the company's ability to continue as a going concern as of March 31, 2025. No specific pending court case values were disclosed.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the utilization of MAT credit, which depends on achieving projected future taxable profits. Failure to meet growth projections could lead to the non-utilization of these tax assets.