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Revenue
₹9.59 Cr
verified against source
Revenue YoY
80%
reported change
EBITDA
₹10.57 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Infinity Infoway delivered a strong Q4 FY26 with revenue of ₹23.77 Cr (up 80% YoY), EBITDA of ₹10.57 Cr (up 64% YoY), and PAT of ₹7.01 Cr (up 60% YoY). Growth was driven by a 20-year patent for zero-touch device-as-a-service, a ₹10.97 Cr Gujarat government AI order, and a ₹1.45 Cr annual contract from Madhya Pradesh. The company expects zero-touch to contribute 20-22% of FY27 revenue, with 150 machines deployed and a target of 3,000 machines over the medium term. EBITDA margin contracted ~420bps YoY to ~44.5% due to initial costs of scaling. Guidance for FY27 includes 60-70% revenue growth and stable margins. Key risk: execution on zero-touch deployment and international expansion in GCC amid geopolitical uncertainty.
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Guidance to track
- Management expects revenue to grow 60-70% in FY27, driven by zero-touch and existing ERP segments.
- Zero-touch device-as-a-service is expected to account for 20-22% of total revenue in FY27.
- Management expects 50-60% margins on zero-touch product due to patent protection.
- Plan to deploy ~900 machines (30% of 3,000) in FY27, scaling to 3,000 over time.
Risks flagged
- War conditions in Gulf region may hinder physical business activities; management relies on digital marketing to mitigate.
- Large tech firms expanding AI-driven ERP could pressure Infinity's market share in education and MSME segments.
- Scaling from 150 to 3,000 machines requires manufacturing capacity and sales execution; delays could impact revenue.
- Fintech collaboration with NPST pending issuer bank approvals; revenue contribution may be delayed beyond Q1 FY27.
Key quotes
- We are expecting the contribution of the revenue from zero touch in this financial year around 20 to 22%.
- We have a capacity around 3 to 4,000 machine we can build and the longer run we can also build or deploy more than 10,000 machine.
- We are expecting around 50 to 60% margin on on running of this project.
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