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Revenue
₹175.7 Cr
verified against source
Revenue YoY
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reported change
EBITDA
Pending
latest reported figure
Source
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Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
3i Infotech reported Q4 FY26 revenue of ₹175.7 crore, up 2.1% sequentially, with full-year revenue at ₹693.3 crore reflecting a deliberate degrowth strategy as the company exited low-margin contracts. EBITDA for FY26 stood at ₹72 crore, up 53.3% YoY, with margins improving to 10.4% from 6.5% in FY25, driven by cost controls and a focus on profitability. The company added 80 new logos and achieved a 90% renewal rate in its AAA segment, while BPS faced headwinds from regulatory insourcing and AI-led automation. Management guided for a meaningful revenue step-up in FY27, driven by stronger sales execution and COE ramp-up, but did not provide specific numbers. Key risks include legacy contingent liabilities (~₹230 crore) and potential further BPS client churn.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects meaningful revenue growth in FY27 driven by stronger sales execution, COE ramp-up, and BPS repositioning from Q2 onwards.
- Centers of Excellence across all three business lines to be fully operational by end of Q2 FY27, targeting scalable and margin-accretive delivery.
- Long-term target of early-teens EBITDA margin (13-14%) and higher single-digit PAT margin as part of Vision 2030.
Risks flagged
- Contingent liabilities of ~₹230 crore (60% of market cap) from tax disputes and litigations (Rail, eMudra) could crystallize, though management expects no major hit in FY27.
- BPS segment lost marquee clients due to RBI-mandated vendor churn every 3-5 years and AI-led automation, leading to revenue decline.
- Despite internal aggressive plans, revenue remained rangebound in FY26; new sales team and COE ramp-up may take longer to deliver visible growth.
Key quotes
- We deliberately chose to return to this forum once we have meaningful progress to share and I believe today reflects that progress.
- Profitability is no longer the question for us as we have already established a more consistent profitability trajectory. Our focus now is formally on accelerating revenue growth while maintaining margin discipline.
- We have lost some good accounts there and the reason for that is the outsourcing policies of our regulators which is forcing the clients to look for a vendor replacement every 3 to 5 years period.
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