Quadpro Ites Limited (QUADPRO)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Quadpro Ites' revenue was ₹3.3 Cr (-10.6% year on year, +4.4% on the previous half-year), and net profit ₹-0.0 Cr (against a profit a year earlier); the operating margin was 6.1%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹3.3 | -10.6% | +4.4% |
| Operating profit | ₹0.2 | -39.4% | -56.5% |
| Net profit | ₹-0.0 | to loss | to loss |
| EPS (₹) | 0.00 | -100.0% | -100.0% |
| Operating margin | 6.1% | — | — |
📢 Recent Corporate Announcements
Quadpro ITeS Limited held a Board meeting on October 13, 2026, to review its previously approved proposal to shift its registered office. The Board had originally cleared the relocation on August 31, 2026, but has now decided to keep the plan in abeyance due to administrative and operational exigencies. The company will continue operating from its existing Bengaluru premises, having zero direct financial impact on its operations.
- Board decided on October 13, 2026, to put the registered office relocation on hold
- Relocation proposal was earlier approved by the Board on August 31, 2026
- Operations will continue from the existing office at V.V. Puram, Bengaluru - 560004
- Board meeting lasted 30 minutes, commencing at 2:30 P.M. and concluding at 3:00 P.M.
Quadpro ITeS Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate from Registrar and Share Transfer Agent KFin Technologies covers the period from July 1, 2026, to September 30, 2026. KFin Technologies confirmed that all dematerialization requests received within this period were processed, approved/rejected, and confirmed within 15 days. This is a mandatory, recurring procedural disclosure with no impact on business operations or financials.
- Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
- Covers the quarter and half-year period from July 1, 2026, to September 30, 2026
- RTA KFin Technologies confirmed handling of demat requests within the stipulated 15-day timeline
- Equity shares confirmed to have face value of Rs 2
Quadpro ITeS Limited announced the resignation of Mr. Abhishek Sandeepkumar Agrawal from his role as Non-Executive Director, effective October 01, 2026. The resignation is attributed to other professional commitments and responsibilities, with no other material reasons cited. The departing director is the son of Chairman & Managing Director Sandeepkumar Agrawal. Quadpro operates with a market cap of Rs 20 Cr and TTM revenue of Rs 14 Cr.
- Resignation effective date: October 01, 2026
- Resignation letter received and dated: September 30, 2026
- Director DIN: 07613943 (Son of CMD Sandeepkumar Agrawal)
Quadpro ITeS Limited has issued a letter to shareholders whose email addresses are unregistered, providing web-links to access its FY 2025-26 Integrated Annual Report under Regulation 36(1)(b) of SEBI LODR. The company's 16th Annual General Meeting is scheduled to be held via Video Conferencing on Saturday, September 26, 2026, at 10:00 AM IST. Remote e-voting opens on September 23, 2026, and concludes on September 25, 2026, with the eligibility cut-off date fixed as September 19, 2026. This is a procedural filing with no direct impact on financial or operational metrics.
- 16th Annual General Meeting set for Saturday, September 26, 2026 at 10:00 AM IST via VC/OAVM
- Cut-off date for e-voting eligibility fixed as Saturday, September 19, 2026
- Remote e-voting starts September 23, 2026 (9:00 AM IST) and ends September 25, 2026 (5:00 PM IST)
- Electronic distribution sent to registered members as of August 28, 2026
Quadpro ITeS Limited has issued a notice convening its 16th Annual General Meeting (AGM) on Saturday, September 26, 2026, at 10:00 AM IST via Video Conferencing. The company has fixed Saturday, September 19, 2026, as the cut-off date to determine shareholder eligibility for remote e-voting and AGM attendance. This is a standard statutory corporate filing with no immediate financial impact on the company's ₹14 Cr TTM revenue or ₹12 Cr market cap.
- 16th Annual General Meeting scheduled for September 26, 2026 at 10:00 AM IST via VC/OAVM
- Cut-off date for remote e-voting eligibility fixed as September 19, 2026
- Filing made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
Quadpro ITeS Limited has approved shifting its registered office within the local limits of Bengaluru, effective September 1, 2026. The relocation is restricted to moving from the Second Floor to the Third Floor within the same building premises (Sri Chakravarthy Complex, V.V. Puram). The move is undertaken for administrative and operational convenience and does not require shareholder approval. This change has no impact on the company's financial operations or business performance.
- Registered office shifted from Second Floor to Third Floor within Sri Chakravarthy Complex, Bengaluru
- Change is effective from September 1, 2026
- Board approved the administrative relocation at its meeting on August 31, 2026
- No shareholder approval required as relocation is within local city limits
Quadpro ITeS Limited's board met on August 31, 2026, and approved the appointment of Mrs. Poonam Agrawal as a Non-Executive Non-Independent Director effective September 01, 2026, subject to shareholder approval. The board also approved the remuneration terms for Chairman and Managing Director Sandeepkumar Vishwanath Agrawal. Additionally, the company's 16th Annual General Meeting is scheduled for September 26, 2026, via video conferencing.
- Appointment of Mrs. Poonam Agrawal as Non-Executive Non-Independent Director effective September 01, 2026.
- Approved remuneration payable to CMD Sandeepkumar Vishwanath Agrawal for his remaining term.
- 16th Annual General Meeting scheduled for Saturday, September 26, 2026, at 10:00 AM IST via VC/OVAM.
- Internal relocation of registered office from 2nd Floor to 3rd Floor within the same building in Bangalore.
Financial Performance
Revenue Growth by Segment
Revenue for FY 2024-25 was INR 8.30 Cr, a decrease of 10.9% from INR 9.32 Cr in FY 2023-24. While specific segment percentages are not disclosed, the company identifies BFSI, Fintech, and NBFC as its core revenue-generating segments.
Geographic Revenue Split
Not disclosed in available documents, though the company is strategically focused on increasing technology exports through offshore delivery capabilities.
Profitability Margins
PAT margin for FY 2024-25 was 7.68% (INR 0.64 Cr PAT on INR 8.30 Cr revenue). For H1 FY26, the PAT margin remained stable at approximately 7.68% (INR 0.64 Cr PAT on implied revenue of INR 8.30 Cr).
EBITDA Margin
EBITDA margin for H1 FY26 was approximately 21.8% (INR 1.81 Cr EBITDA on INR 8.30 Cr revenue), a slight decline from 22.6% in H1 FY25, primarily due to a 162.8% increase in other expenses.
Capital Expenditure
Capital expenditure for H1 FY26 was INR 0.18 Lakh, a significant reduction from INR 65.32 Lakh in H1 FY25.
Credit Rating & Borrowing
Not disclosed in available documents; however, the company maintained a low Debt-Equity ratio of 0.05 as of March 31, 2025.
Operational Drivers
Raw Materials
As an ITeS company, primary 'raw materials' are human capital (employee benefit expenses) and technology infrastructure (software licenses and digital rails).
Capacity Expansion
The company is expanding its offshore delivery capabilities to support managed services and technology exports, though specific unit capacities are not disclosed.
Raw Material Costs
Employee benefit expenses for H1 FY26 were INR 1.17 Cr, representing approximately 14% of revenue.
Strategic Growth
Growth Strategy
Growth will be achieved by consolidating leadership in tech-enabled financial operations, expanding managed services under SLA-driven models, developing co-innovation partnerships with fintechs, and increasing technology exports through offshore delivery.
Products & Services
Managed services, digitized financial process modules, eKYC standard integration, and RegTech solutions for financial operations.
Brand Portfolio
Quadpro ITeS Limited.
New Products/Services
Managed services under SLA-driven models and co-innovation modules for fintech customer onboarding.
Market Expansion
Targeting technology exports through offshore delivery capabilities and expanding presence in the private sector financial inclusion segment.
Strategic Alliances
Co-innovation partnerships with fintech companies (specific partner names not disclosed).
External Factors
Industry Trends
The industry is shifting toward AI-as-a-Service, RegTech, and digital customer lifecycle solutions. Quadpro is positioning itself as a niche player in financial operations automation.
Competitive Landscape
Operates in a competitive ITeS landscape with specialized players in financial operations and digital infrastructure.
Competitive Moat
The company's moat is built on niche specialization in tech-enabled financial operations and regulatory compliance for the BFSI sector, which is sustainable due to high switching costs and complex regulatory requirements.
Macro Economic Sensitivity
Highly sensitive to digital disruption trends and the convergence of financial services and technology, which drive demand for RegTech.
Consumer Behavior
Increasing demand from financial institutions for secure, agile, and data-driven digitized processes.
Regulatory & Governance
Industry Regulations
Operations are governed by data protection laws, KYC norms, eKYC standards, and fintech regulations which require constant agility and compliance.
Taxation Policy Impact
The effective tax rate for H1 FY26 was approximately 24.7% (INR 21.00 Lakh tax on INR 84.76 Lakh PBT).
Risk Analysis
Key Uncertainties
RPA adoption cycles (potential for delayed implementation) and talent volatility (high demand for digital resources impacting cost structures).
Third Party Dependencies
Dependency on fintech partners for co-innovation and technology infrastructure providers.
Technology Obsolescence Risk
High risk due to rapid digital disruption; mitigated by a strategic focus on technology maturity and AI-as-a-Service.
Credit & Counterparty Risk
Receivables quality is a concern as the debtor turnover ratio declined 25.8% from 3.37 in FY24 to 2.50 in FY25.
