Plada Infotech Services Limited (PLADAINFO)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Plada Infotech's revenue was ₹37.9 Cr (+9.8% year on year, +8.7% on the previous half-year), and net profit ₹0.8 Cr (-20.2% year on year); the operating margin was 7.0%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹37.9 | +9.8% | +8.7% |
| Operating profit | ₹2.6 | +14.3% | +0.0% |
| Net profit | ₹0.8 | -20.2% | -16.8% |
| EPS (₹) | 0.90 | -21.7% | -18.9% |
| Operating margin | 7.0% | — | — |
📢 Recent Corporate Announcements
Plada Infotech Services 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, issued by Registrar and Share Transfer Agent Bigshare Services Private Limited on October 12, 2026, confirms that security certificates received for dematerialization were processed within 15 days of receipt. The RTA verified that physical share certificates were mutilated and cancelled, and depositories were substituted in the register of members. This filing represents standard statutory quarterly reporting.
- Compliance certificate submitted under Regulation 74(5) of SEBI Regulations for the quarter ended September 30, 2026
- Issued by RTA Bigshare Services Private Limited on October 12, 2026
- Confirmed that dematerialization verification and substitution occurred within 15 days of receipt
Plada Infotech Services Limited has announced the closure of its Register of Members and Share Transfer Books from September 24, 2026, to September 30, 2026 (both days inclusive). This book closure is conducted pursuant to Regulation 42 of SEBI LODR Regulations for the purpose of the 16th Annual General Meeting (AGM). The AGM is scheduled to take place on Wednesday, September 30, 2026, at 02:00 PM IST via Video Conferencing. This is a standard statutory procedure with no direct impact on the company's financial operations.
- Book closure period set from September 24, 2026, to September 30, 2026 (both days inclusive)
- 16th Annual General Meeting scheduled for September 30, 2026, at 02:00 PM IST
- Meeting to be conducted virtually through Video Conferencing (VC) or Other Audio Visual Means (OAVM)
- Intimation submitted in compliance with Regulation 42 of SEBI (LODR) Regulations, 2015
Plada Infotech Services Limited has issued the notice for its 16th Annual General Meeting scheduled for September 30, 2026, via video conferencing. Key ordinary business includes adopting the FY 2025-26 audited financial statements and re-appointing Whole Time Director Anil Mahendra Kotak, who holds 3,00,000 shares (3.50% equity) and received ₹11.58 lakhs in remuneration. The special business seeks shareholder approval to regularise Vishal Maru as an Independent Director for a 5-year term from May 26, 2026, to May 25, 2031. The filing contains standard corporate governance procedures with no unexpected operational announcements.
- 16th Annual General Meeting to be held on Wednesday, September 30, 2026, at 2:00 PM IST via VC/OAVM
- Re-appointment of Whole Time Director Anil Mahendra Kotak, who holds 3,00,000 shares (3.50% stake) and drew ₹11.58 lakhs remuneration
- Approval sought for appointment of Vishal Maru as Independent Director for a 5-year term through May 25, 2031
- Dispatch of Notice and Annual Report completed electronically to shareholders registered as of September 04, 2026
Plada Infotech Services Limited has issued the notice for its 16th Annual General Meeting (AGM) scheduled for September 30, 2026, via Video Conferencing. Key agenda items include adopting financial statements for FY 2025-26 and the reappointment of Whole Time Director Anil Mahendra Kotak, who holds 3,00,000 shares (3.50%). Additionally, shareholders will vote on the appointment of Vishal Maru as a Non-Executive Independent Director for a 5-year term ending May 25, 2031. The meeting involves routine administrative and governance approvals without any financial or capital-raising proposals.
- 16th AGM scheduled for September 30, 2026, at 2:00 PM IST via VC/OAVM
- Proposed regularisation of Vishal Maru as Independent Director for a 5-year term through May 25, 2031
- Reappointment of Whole Time Director Anil Mahendra Kotak, holding 3,00,000 shares (3.50% stake)
- Remuneration paid to Whole Time Director Anil Mahendra Kotak reported at Rs 11.58 lakhs
- Notice dispatched electronically to shareholders on record as of September 04, 2026
Plada Infotech Services announced the outcome of its board meeting held on September 3, 2026. The board approved convening the company's 16th Annual General Meeting (AGM) on September 30, 2026, via Video Conferencing. Key agenda items include the re-appointment of whole-time director Anil Mahendra Kotak and the appointment of Vishal Maru as an Independent Director for a 5-year term ending May 25, 2031. The cut-off date for e-voting eligibility is September 23, 2026.
- 16th Annual General Meeting scheduled for September 30, 2026, at 02:00 PM IST via Video Conferencing.
- Cut-off date for remote e-voting eligibility set as September 23, 2026.
- Register of members and share transfer books closed from September 24, 2026, to September 30, 2026.
- Proposed appointment of Mr. Vishal Maru as Independent Director for a 5-year term from May 26, 2026, to May 25, 2031.
Financial Performance
Revenue Growth by Segment
The company operates in a single primary business segment, Business Process Outsourcing (BPO). Consolidated Net Profit for the half-year ended September 30, 2025, was INR 0.95 Cr, representing a 7.32% increase compared to INR 0.89 Cr in the same period of the previous year.
Geographic Revenue Split
100% of revenue is generated from the domestic Indian market. Business activities are notably concentrated in the states of Maharashtra and Tamil Nadu, which contribute a significant portion of the total revenue.
Profitability Margins
Net Profit margin remains stable with a half-yearly profit of INR 0.95 Cr. However, the annual Operating Profit before working capital changes for the year ended March 31, 2025, was INR 2.58 Cr, a 36.33% decrease from INR 4.06 Cr in the previous year, indicating rising operational costs.
EBITDA Margin
Operating Profit before working capital changes stood at INR 2.58 Cr for FY25. Core profitability is impacted by a 17.25% increase in non-managerial employee remuneration, though partially offset by a 24.58% reduction in managerial remuneration.
Capital Expenditure
Historical capital expenditure is reflected in depreciation and amortization of INR 0.45 Cr for the half-year ended September 30, 2025. Specific planned CAPEX for future expansion is not disclosed in available documents.
Credit Rating & Borrowing
The company maintains an under-leveraged capital structure. Standalone long-term borrowings increased by 24.98% to INR 10.22 Cr as of September 30, 2025, from INR 8.18 Cr in March 2025. Short-term borrowings also rose 21.16% to INR 6.07 Cr.
Operational Drivers
Raw Materials
As a BPO service provider, the primary 'raw material' is human capital. Employee benefit expenses are the largest cost driver, with non-managerial salaries increasing by 17.25% in the most recent fiscal year.
Import Sources
Not applicable as the company provides services. Talent is sourced domestically, primarily within India.
Key Suppliers
Not applicable for the service-based BPO model. Key vendors include technology and infrastructure providers for office operations.
Capacity Expansion
The company currently operates as a pan-India BPO provider. Expansion is focused on increasing the headcount of digitally skilled employees to meet the projected industry demand of 60-65 million workers by 2025-26.
Raw Material Costs
Manpower costs are the primary operational expense. The company utilizes a strategy of aligning salaries with individual performance, inflation, and industry benchmarks to manage these costs.
Manufacturing Efficiency
Efficiency is measured by service delivery standards and the use of latest technology. The company focuses on exceeding delivery standards for banks, MNCs, and startups.
Logistics & Distribution
Not applicable as services are delivered digitally or through on-site professional support.
Strategic Growth
Expected Growth Rate
15-20%
Growth Strategy
Growth will be achieved by expanding the BPO service portfolio to include associated services, targeting high-growth sectors like banking and startups, and capitalizing on the projected US$ 210 billion IT-BPM sector revenue growth. The company aims to leverage its under-leveraged capital structure to fund service expansion.
Products & Services
Business Process Outsourcing (BPO) services, tailored business solutions, and specialized support services for banks, MNCs, and startups.
Brand Portfolio
PLADA (Perfection in Commitment).
New Products/Services
The company is exploring the provision of associated services along with its main BPO offerings to increase the average revenue per client.
Market Expansion
Focusing on deepening market presence in Maharashtra and Tamil Nadu while utilizing its pan-India presence to acquire new MNC and startup clients.
Market Share & Ranking
Not disclosed, but the company identifies as a specialized player in the SME BPO segment.
Strategic Alliances
The company holds a 94% stake in its subsidiary, Uphaar Cards Private Limited, which is consolidated into its financial results.
External Factors
Industry Trends
The IT-BPM sector is evolving toward digital skills, with revenue expected to reach US$ 210 billion in FY24. Plada is positioning itself to meet the demand for 60-65 million digitally skilled employees by 2026.
Competitive Landscape
The market is highly competitive with low entry barriers, requiring constant innovation and service tailoring to differentiate from other BPO providers.
Competitive Moat
The moat is built on an under-leveraged capital structure and a strong existing network in key states. Sustainability depends on maintaining service quality and managing manpower costs effectively.
Macro Economic Sensitivity
Highly sensitive to Indian economic developments and the stabilizing global economy, which drives demand for outsourcing services.
Consumer Behavior
Increased demand from businesses for outsourced 'tailored' solutions rather than generic services is driving the company's service strategy.
Geopolitical Risks
Risks are primarily domestic, including changes in Government regulations and RBI policies that affect the financial services sector.
Regulatory & Governance
Industry Regulations
Operations are subject to SEBI (LODR) Regulations and RBI policies. The company is currently exempt from certain Corporate Governance reports (Regulations 17-27) as its paid-up capital is below INR 10 Cr and net worth is below INR 25 Cr.
Environmental Compliance
Not applicable as a service-based BPO; however, the company monitors changes in environmental laws as part of its risk management.
Taxation Policy Impact
Consolidated tax expense for the half-year ended September 30, 2025, was INR 0.17 Cr, compared to INR 0.25 Cr in the previous year.
Legal Contingencies
No specific pending court cases or case values were disclosed in the provided financial statements or announcements.
Risk Analysis
Key Uncertainties
The resignation of the Chief Business Officer (Jatin Shah) in October 2025 introduces leadership transition risk. Contract validity and terms pose a risk to revenue stability if major clients do not renew.
Geographic Concentration Risk
High risk due to significant revenue concentration in Maharashtra and Tamil Nadu; any regional economic downturn would disproportionately affect the company.
Third Party Dependencies
Dependency on the banking and MNC sectors for the majority of BPO contracts.
Technology Obsolescence Risk
Risk of failing to adopt latest digital technologies, which are critical for the 2025-2026 IT-BPM growth cycle.
Credit & Counterparty Risk
Trade receivables stood at INR 10.42 Cr as of March 31, 2025. The company experienced a decrease in trade receivables of INR 2.74 Cr during the FY25 period, indicating active collection.
