Infinity Infoway Ltd — Q4 FY26

Infinity Infoway Ltd Q4 FY2025-26 Earnings Conference Call https://www.youtube.com/watch?v=LiDysW0Zqcs Published: 8 days ago

0:02 2 seconds Ladies and gentlemen, good day and welcome to the Q4 FY26 conference call of Infinity Infoway Limited. Today on 0:11 11 seconds this call, we have with us from the management, Mr. Babesh Kumar Gadetria, managing director and Mr. Nikon Gaja, full-time director. 0:21 21 seconds As a reminder, all participant lines will be in listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. 0:30 30 seconds Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchstone phone. I now hand the 0:39 39 seconds conference over to Mr. Bayesh Kumar Gadria. Thank you and over to you all. 0:46 46 seconds All right. Thank you. Uh good afternoon all of you. 0:52 52 seconds our shareholder, customers, employee and partners. Thank you. Thank you so much for your continuous trust on Infinity Info Limited. 1:03 1 minute, 3 seconds Friends, as you know, we continue to involve the next generation SAS company delivering AIdriven ERP solution across 1:12 1 minute, 12 seconds education, manufacturing, corporate and retail sector. Our NEP aligned ERP along 1:19 1 minute, 19 seconds with our online examination system. Our proprietary zero touch which is secure question paper delivery system enable 1:27 1 minute, 27 seconds institute to build secure scalable and datadriven digital ecosystem. 1:33 1 minute, 33 seconds Financial year 2026 has been a strong and defining year for us. We were 1:39 1 minute, 39 seconds granted a 20-year patent for a zero touch device as a service technology 1:47 1 minute, 47 seconds refancing our strategic shift towards the innovation lead growth. Friends, you know that during this the year we 1:55 1 minute, 55 seconds secured a key orders including of around 11 cr projects from the government of Gujarat related to the AI 2:04 2 minutes, 4 seconds 1.45 offer 5 cr annually contract from one of the initiative in MP along with the strategic investment sorry in 2:12 2 minutes, 12 seconds integration with the time pay so this expand into the fintech enable ERP solution 2:20 2 minutes, 20 seconds financially this year we have delivered robust performance with revenue growing 2:26 2 minutes, 26 seconds around 80% to 23 cr 77 lakhs I beta 2:32 2 minutes, 32 seconds increasing 64% % to 10 cr 7 57 lakhs and fat rising by 60% 2:41 2 minutes, 41 seconds to 7 cr 1 lakh driven by strong execution and operating leverages. 2:48 2 minutes, 48 seconds We also remain commun committed to building a strong and engaging workforce. Our employee attration stand 16.55% 2:57 2 minutes, 57 seconds which will manage from the growing technology company supported by our focus on ESOP scheme for a top performer 3:06 3 minutes, 6 seconds continuous recognizing program employee engagement initiative throughout the year. Importantly we view artificial 3:15 3 minutes, 15 seconds intelligence as an opportunity rather than the disruption. Our business model remains this silent and we are actively 3:23 3 minutes, 23 seconds leveraging AI to enhance our product capability, improve our operational efficiency and drive higher productivity 3:30 3 minutes, 30 seconds across the team. Looking forward you know that zero touch will be a key growth driver. 3:38 3 minutes, 38 seconds With this plan we deploy around 150 machine to reaching out more than 6.4 four lakh students across the 3:47 3 minutes, 47 seconds three plus initiative and 20 plus institutes. We are expecting the contribution of the revenue from zero 3:54 3 minutes, 54 seconds touch in this financial year around 20 to 22%. 3:59 3 minutes, 59 seconds We are planning to expand our geographical reach within India as well as the international market. We have 4:06 4 minutes, 6 seconds already initiative our marketing activities outside India making important steps toward the building 4:13 4 minutes, 13 seconds global presence. Overall, we are thinly transforming into the scalable innovation lead and the government 4:20 4 minutes, 20 seconds focused SAS platform committed to delivering sustainable growth and the long-term value for our stakeholders. 4:29 4 minutes, 29 seconds Friends, as you know that uh we have our leadership team with us. So I request Mr. Miku to care forward. Mikunj. 4:38 4 minutes, 38 seconds Okay. Thank you. Good afternoon all. Let me begin uh by talking you [clears throat] throughout our transformational 4:46 4 minutes, 46 seconds journey. Infinity Info Limited was incorporated in 2008 where we entered the ERP space with both industrial and 4:55 4 minutes, 55 seconds educational ERP solution. Between 2016 to 2018, we focus on global expansion and innovation including [clears throat] 5:03 5 minutes, 3 seconds launching our digital learning platform ranger. From 21 to 24, we undertook 5:10 5 minutes, 10 seconds strategic uh restructuring including consolidating operation and converting into public limited company. We started 5:18 5 minutes, 18 seconds uh integration AI capability into uh our ERP solution from come 2024 marking the key step toward building a more 5:27 5 minutes, 27 seconds intelligent and datadriven platform. In 2025 was breakthrough year where we secure major yers, government projects 5:36 5 minutes, 36 seconds like Madhya Pradesh government and achieved our BSM listing and also we recognize many awards like uh most 5:44 5 minutes, 44 seconds ethical companies. In 2026 marked a strong innovation led phase where we 5:51 5 minutes, 51 seconds achieved secured 10.97 crarabat government order for AI based 5:58 5 minutes, 58 seconds data analysis for higher education and also signed 1.45 45 year annual university contract enter uh fintech 6:08 6 minutes, 8 seconds integration through time pay collaboration scale uh perspective today we have 156 6:16 6 minutes, 16 seconds experienced and talented team members presence across six that in India engagement with 55 plus universities 6:24 6 minutes, 24 seconds experience across 11 industries successfully secured seven tenders in last year overall With a strong track 6:33 6 minutes, 33 seconds record for one education and innovationdriven growth, we are well positioned to scale further and create long-term value for our stakeholders. 6:43 6 minutes, 43 seconds Now I would like to hand over the call for detail product insight to our founder and managing director Mr. 6:50 6 minutes, 50 seconds Bhavis. Thank you. 6:54 6 minutes, 54 seconds Thank you Nikunj. So all this uh dear stakeholders you know that infinitity is working into the SAS product and uh I I 7:03 7 minutes, 3 seconds jump into the deep drive of uh product portfolio. So uh as you know that education ERP we have a very strong 7:11 7 minutes, 11 seconds campus management system under the industrial ERP we are providing complete depth corporate uh solution to the 7:19 7 minutes, 19 seconds manufacturing industries. uh we have a online examination solution for the students and we have a another platform 7:27 7 minutes, 27 seconds uh which is a digital learning platform we call them brains work where we solved online courses for the students. So 7:36 7 minutes, 36 seconds coming to the uh deep drive in education ERP uh we are serving across the 55 7:42 7 minutes, 42 seconds university across India more than 1,000 plus education institutes that's include of school and colleges and so far we 7:51 7 minutes, 51 seconds have a shouted more than 10 million students. So this widely AI powered uh 7:58 7 minutes, 58 seconds ERP solution we have from entirely business solution you can say the admission to the market printing and all 8:05 8 minutes, 5 seconds these administrative modules we are supporting compared to the uh into industries uh manufacturing corporate 8:14 8 minutes, 14 seconds segment uh we are delivering our entire uh ERP platform where we covered SCM supply chain management CRM complete 8:23 8 minutes, 23 seconds financial platform and we have deployed uh more than 14 plus ERP solution. Uh we 8:31 8 minutes, 31 seconds have a uh so far 10 TB live data management and almost 2 million transaction we are processing through 8:39 8 minutes, 39 seconds our ERP. So that is the capability of how we can handling the uh realtime data 8:47 8 minutes, 47 seconds uh and uh current capacity of our security systems. So we handling entirely uh DPDP compliances, data 8:56 8 minutes, 56 seconds security compliances on our uh realtime database in part of certain uh our digital 9:04 9 minutes, 4 seconds examination platform where we have we are standing uniquely across the India. 9:10 9 minutes, 10 seconds So we have a concurrency of the two lakhs students at a time. So far we have um delivered more than 25 lakh students 9:19 9 minutes, 19 seconds online exam. Um with our AI based platform where uh multiple level of MCQ 9:27 9 minutes, 27 seconds question paper we automated generate in the question. Similarly during examination mode students can get get 9:35 9 minutes, 35 seconds monitoring by AI modules. Um it's completely make a secure secured platform where students cannot do any cheating while giving exam. 9:48 9 minutes, 48 seconds Another very big milestone uh as I previously mentioned the zero touch uh so this is our uh device as a service 9:57 9 minutes, 57 seconds product is ready now uh we are going to distribute our uh machine to the initiative and the colleges. Um for this 10:06 10 minutes, 6 seconds we have already planned our innovation of zero touch machine in uh this month and within this quarter we we should 10:15 10 minutes, 15 seconds have a good revenue part into this particular uh zero touch product. So this product is very prominent and 10:22 10 minutes, 22 seconds promising for infinitity because it is entire India uh single product uh it's completely patented which is reforming 10:30 10 minutes, 30 seconds entire education system and uh securing the question paper delivery system. 10:38 10 minutes, 38 seconds uh as you know that we have a self-arning digital platform it's a brainstor so so we have a 10 courses 10:44 10 minutes, 44 seconds hosted and uh so far uh including free and paid 10,000 plus students have 10:51 10 minutes, 51 seconds enrolled and uh used our uh brains work for them learning them upskilling and the certification for the students as 11:00 11 minutes well as the professional also using our platform currently our presence in India we are serving 11:08 11 minutes, 8 seconds as in a business in more than six states and uh uh major revenues are coming from the Gujarat, Madhya Pradesh and 11:16 11 minutes, 16 seconds Maharashtra and we are stepping into the other part of India uh with the uh Rajasthan, Karnatak and Odisa and the 11:25 11 minutes, 25 seconds other upcoming states we are planning currently in UP as well as northern part of India. If you see about the revenue 11:35 11 minutes, 35 seconds bifuration uh of our industries, so education ERP is serving more than 35 11:42 11 minutes, 42 seconds 53% uh revenue of this financial year and industrial ERP is serving around 36% 11:49 11 minutes, 49 seconds revenue. Our online examination systems contributing 10% and digital learning 11:55 11 minutes, 55 seconds platform are contributing 13%. So we are multi-deviation and the the next up 12:02 12 minutes, 2 seconds there will be a another new line will be a zero touch where we are expecting good revenue part. Uh companies are 12:11 12 minutes, 11 seconds continuously focusing on a growth because the market is very good for education as well as the industries. Uh 12:19 12 minutes, 19 seconds people are requiring them automation into the industries part. Uh so we are uh aligned with all our marketing 12:28 12 minutes, 28 seconds strategy like uh online digital marketings we are participating in various expo and we are collaborating uh 12:36 12 minutes, 36 seconds various business partners and one of the collaborations you have seen that uh we have a collaborating with NPS for uh 12:44 12 minutes, 44 seconds fintech uh growth. So with the help of our uh expertise and our uh current 12:51 12 minutes, 51 seconds existing infra we will uh giving a opportunity to our existing customer to grow into uh platform with the payment as well as the automation system. 13:03 13 minutes, 3 seconds So uh this is was the uh very brief about infinitity and uh again I would 13:10 13 minutes, 10 seconds like to thank you all of you for uh your continuous trust on Infinity and uh 13:16 13 minutes, 16 seconds staying with us uh all the stakeholders including of the investor our employees 13:23 13 minutes, 23 seconds our customers and our partners who are contributing to growth of the infinitive. So coming this uh year uh we 13:32 13 minutes, 32 seconds are working towards the innovation. One of our two AI based product uh are also we are going to introduce into this 13:41 13 minutes, 41 seconds upcoming market area and uh our existing ERP is already upgraded with uh AI. So 13:49 13 minutes, 49 seconds customer are going to uh take a benefit of those and which is the great feather uh for infinity solution. 13:58 13 minutes, 58 seconds So thank you again for joining uh on this call and I request now to we can have a a question answer from our investors. 14:09 14 minutes, 9 seconds Thank you very much sir. Ladies and gentlemen we will now begin the question and answer session. Anyone who wishes to 14:16 14 minutes, 16 seconds ask a question may press star and one on your touchstone telephone. If you wish to withdraw yourself from the question queue you may press star and one again. 14:28 14 minutes, 28 seconds Participants are requested to use handsets while asking a question. 14:34 14 minutes, 34 seconds Ladies and gentlemen, we'll wait for a moment while the question ascends. 14:42 14 minutes, 42 seconds The first question comes from the line of Arian Amira from Hollani Venture Capital Fund. Please go ahead. 14:52 14 minutes, 52 seconds Uh very very good evening sir. Thank you for the opportunity to let me ask the question. First of all, congratulation for your amazing financial year uh this 15:01 15 minutes, 1 second year and wish you have a great numbers ahead in coming years. So, first of all, my question is in your investor 15:08 15 minutes, 8 seconds presentation you mentioned plans for global extensions but the specific target countries were not disclosed. 15:14 15 minutes, 14 seconds Could you please clarify which geographies you are focusing on international ground and what is the driving purpose and priorities for it? 15:24 15 minutes, 24 seconds All right. Thank you uh Mr. Arian for your very good question. 15:29 15 minutes, 29 seconds So uh we are planning currently as an international specifically we are planning for a Gulf country and uh 15:38 15 minutes, 38 seconds specifically UAE we are the first criteria and once we will settle with the UAE then we will move to the Saud 15:45 15 minutes, 45 seconds Arabia and the Baharin. So uh Gulf entirely GCC market is our first uh targeted area and uh this uh this 15:55 15 minutes, 55 seconds financial year or even before financial year we are expecting the good uh results from there also. 16:03 16 minutes, 3 seconds So sir how are you planning to expand the business in the Gulf country because the current war conditions are prevailing there and 16:12 16 minutes, 12 seconds means many businesses are tackling that issue right now. So how you are planning to tackle it? 16:19 16 minutes, 19 seconds Yeah. So uh again uh I I I just would like to address on this point that uh currently there is as you know that 16:28 16 minutes, 28 seconds market condition is not good well because of the war but we are you know that infinity is working more on digital 16:35 16 minutes, 35 seconds way. So uh we have a hire our team into the Gulf areas. We are currently focusing into the digital marketings. we 16:44 16 minutes, 44 seconds are giving the our entirely demonstration into the online. So major of the our uh business process are 16:51 16 minutes, 51 seconds connected online and uh during uh online conversations u uh there is no much 16:58 16 minutes, 58 seconds remote requirement of the uh moment of the physical. So uh our customers are very well uh attached with the online 17:06 17 minutes, 6 seconds they are tax heavy. So they understood entire our platform. So basically as a marketings we focus on a digital era 17:14 17 minutes, 14 seconds while demonstrating our product. We are uh connecting with the online platform and we have our complete uh videos and 17:22 17 minutes, 22 seconds our documentation presentation. So our team are aligned with those uh if they have any detail presentations required or detailed demonstration they required. 17:33 17 minutes, 33 seconds So currently like more last two months we are focusing on that. It is not much more getting hurdled to us into even this war area. 17:45 17 minutes, 45 seconds Okay sir. So I have one more question with me. So with a large technology players like TCS Ion and Zoho Corporation increasingly strengthening 17:53 17 minutes, 53 seconds their AIdriven ERP business and analyticals off offerings. So how do you access the competitive risk if they 18:01 18 minutes, 1 second expand further into MSME enterprises or education ERP segments? 18:08 18 minutes, 8 seconds So uh Mr. Aryan our uh growth area is very well aligned into the both areas like education is a prominent uh 18:17 18 minutes, 17 seconds industries across the India. So like as you mentioned the competitor the bigger player are expanding them uh further. So 18:26 18 minutes, 26 seconds the similarly we have a uh better product into the markets and uh we are we have also competed uh two two three 18:34 18 minutes, 34 seconds different places with the bigger player and uh our focus is completely again on education is a first priority and the 18:43 18 minutes, 43 seconds second uh is in industries level we are focusing into the u industries area. So 18:51 18 minutes, 51 seconds currently our presence into the industries are limited to more into the Gujarat uh and uh this completed 18:58 18 minutes, 58 seconds financial year we also expand into Karnataka. So upcoming year we will take more business into the industry VRP into other state as well. 19:11 19 minutes, 11 seconds Okay sir thank you for the opportunity for asking the questions. Thank you. 19:20 19 minutes, 20 seconds Thank you. The next question comes from the line of Smith Tumar from Solventist Growth Fund. Please go ahead. 19:29 19 minutes, 29 seconds Yeah. Good evening. Am I audible? Yes sir. Yeah. So good evening sir. 19:36 19 minutes, 36 seconds Congratulations for your good set of numbers and uh my questions are three four. So 19:44 19 minutes, 44 seconds first of all I have like uh can you please tell you have received an AI based data analytics order worth of uh 11 crores from Gul Gujarat government. 19:55 19 minutes, 55 seconds So can you just elaborate how it will impact on uh infinity growth. 20:01 20 minutes, 1 second Okay. Thank you sir uh for your best wishes. Uh coming to the your question um the orders what we received from the 20:10 20 minutes, 10 seconds government of Gujarat it is completely uh current education system. It is a uh order from the specifically department 20:18 20 minutes, 18 seconds of the educ higher education and the uh scope is related to the completely uh 20:25 20 minutes, 25 seconds current higher students higher education students are studying into the different areas. So with help of this AI solution 20:33 20 minutes, 33 seconds u government wants to track that how the students can perform in particularly which industries they can make them 20:41 20 minutes, 41 seconds carrier uh into the which platform. So our entire platform will have into the 20:47 20 minutes, 47 seconds student uh various um skill and identifying them interest also. So this 20:54 20 minutes, 54 seconds is another level of revolutionary part into the education system. And uh coming to the growth of the infinitity 21:03 21 minutes, 3 seconds definitely the first part that revenue will directly will um added into certain part into this financial year as well as 21:11 21 minutes, 11 seconds and the second uh with this technology uh our ERP will be addon with the 21:18 21 minutes, 18 seconds another of the system. So similar product or the similar enhancement we will expand into the uh other part of 21:27 21 minutes, 27 seconds the India and uh new youth can understood the benefit uh they can understood the use of the AI as well as 21:35 21 minutes, 35 seconds they can take a benefit of AI to them personal and professional growth. 21:41 21 minutes, 41 seconds Uh I think am I answered your question? 21:45 21 minutes, 45 seconds Yes. Yes. Got it. also like you have also received a patent on your zero touch machines and congrats for that as 21:52 21 minutes, 52 seconds well. So just uh can you please tell whether it's a process pattern or product pattern? 21:59 21 minutes, 59 seconds Oh yeah very good uh question and this is one of the my favorite topic as of now because uh to get uh in uh patent 22:09 22 minutes, 9 seconds after almost my three years of the research u entire my team have spent lot of time on this. So definitely uh it is 22:18 22 minutes, 18 seconds a completely uh process uh related patent. So uh entire process we have 22:25 22 minutes, 25 seconds patternized and uh the machine or our product is one of the part of the process. So entirely our uh process 22:34 22 minutes, 34 seconds starting from the question paper generation to the delivery uh including of the printing stapling and the 22:43 22 minutes, 43 seconds packing. So we have patented our entire process. So when you when you patent the process it's it means that you close the 22:51 22 minutes, 51 seconds door for all other your competitor because when you have a product patent maybe the other people can uh do the 23:01 23 minutes, 1 second product copy by just doing some certain few changes but while doing a process pattern you are locking entire uh things 23:10 23 minutes, 10 seconds for other competitor. So uh sir this is our uh completely process related patent. 23:18 23 minutes, 18 seconds Okay. Got it. And how much uh machines you have already manufactured and uh how much is in manufacturing space? Can you please tell? 23:28 23 minutes, 28 seconds So so far uh we have a uh completed our almost 150 machine ready and we are 23:35 23 minutes, 35 seconds ready to deploy those machine into the market and uh by in terms of the capacity um currently like uh in a short 23:44 23 minutes, 44 seconds time if we say that 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. 23:55 23 minutes, 55 seconds How much is the margin like you are expecting from this? 24:00 24 minutes So this is a very secure product and u uh it is the included with the lot of 24:08 24 minutes, 8 seconds the uh technology part as well as the patented part. So we are expecting around uh 50 to 60% margin on on running of this uh project. 24:21 24 minutes, 21 seconds Okay. Nice. And another question is on your time pre prepared card which you have collaborated with NPST. So like has 24:29 24 minutes, 29 seconds the time pre prepared card actually gone live on the field or it's still in pilot or testing stage. So uh we have a 24:38 24 minutes, 38 seconds completed pilot uh projects and uh there is certain approvals is pending on designing parts uh from the issuer of 24:47 24 minutes, 47 seconds the card uh bank because it is the NSBL uh payment bank approved card. So uh very soon we are going to live on this 24:56 24 minutes, 56 seconds card and uh like when do you expect this initiative to start like contributing 25:03 25 minutes, 3 seconds meaningful revenue to the company for a time pay uh initiative are you talking about? Yes for time pay. 25:11 25 minutes, 11 seconds Yeah. So we are expecting by this quarter end or maybe uh early of the next quarter uh we can uh have a 25:19 25 minutes, 19 seconds meaningful revenue on this particular initiatives. 25:23 25 minutes, 23 seconds And what about the revenue model here like uh transaction fees or any like how will you share the revenue with NPST as well? 25:32 25 minutes, 32 seconds So uh this is completely uh transaction based model. So when the people use the 25:39 25 minutes, 39 seconds card and based on the various categories the how they they have use the card like I'll tell you about the card can be used 25:48 25 minutes, 48 seconds for the payment fees uh fees paying uh food areas uh there as well as the transportation areas and paying on 25:56 25 minutes, 56 seconds certain fuel. So uh we have a some banks revenues on uh various part based on the 26:03 26 minutes, 3 seconds category and we have a sharing with NPST as well as the issuer of the bank. 26:10 26 minutes, 10 seconds Okay. Got it. Yeah. So that's it from my side. Thank you and all the best. Thank you so much sir. 26:18 26 minutes, 18 seconds Thank you. The next question comes from the line of Bjani from HSY LLP. Please go ahead. 26:26 26 minutes, 26 seconds Hello sir, first of all congratulation for this extraordinary growth you have achieved this year. So my question is 26:33 26 minutes, 33 seconds what is the estimated you know market size of this zero touch D platform particularly in India and what share of 26:41 26 minutes, 41 seconds this growing market does the company aim to capture over the knowh next 3 to 5 years. 26:47 26 minutes, 47 seconds Yeah uh uh Mr. Johnny thank you so much for your vis and very good question. uh zero touch market if I talk about 26:56 26 minutes, 56 seconds specifically in India uh where the currently question paper delivery and printing and delivery is happening it is 27:03 27 minutes, 3 seconds around more than $3 billion in a year and u there is a more chance of the increasing of entire uh market size 27:13 27 minutes, 13 seconds because of uh uh securities criterias and upcoming uh DPDP law which is the recently introduced by the government of 27:21 27 minutes, 21 seconds India. Yeah. So when the securityities concern increase the market is increasing but uh to be precisely or you 27:29 27 minutes, 29 seconds can say the currently it is around uh more than $3 billion. 27:35 27 minutes, 35 seconds Okay sir how much of you know companies share would be there in market in upcoming 3 to five years you target? 27:44 27 minutes, 44 seconds Yeah. So currently currently as you know that we are uh going to launch. So currently we are into the zero market 27:51 27 minutes, 51 seconds share but within a year we are planning to the capture uh the as as we have a patented product. So uh the current 28:00 28 minutes physical printing criteria um business model will shift to the digital model. 28:06 28 minutes, 6 seconds So we are planning to at least capture one to two% market share in this year and uh uh more market share up to 10% into upcoming years. 28:19 28 minutes, 19 seconds Okay. And what are the strategies company following for capturing this? 28:24 28 minutes, 24 seconds So the capturing of the strategy uh capturing of the market uh as you know that our business model is running on 28:32 28 minutes, 32 seconds two different criterias. one is the government area where we need to uh bid on uh uh various tender and have to 28:41 28 minutes, 41 seconds capture the order and second is the private uh college and the private universities. So our strategy is very 28:48 28 minutes, 48 seconds well aligned that uh completely we uh bidding uh tenders as per the need. 28:54 28 minutes, 54 seconds Currently uh there is also gem portal of the government initiatives. We are also our product over there and uh we have a 29:03 29 minutes, 3 seconds our new sales teams we have already deployed into the uh different age state of the India and people uh will focus on 29:11 29 minutes, 11 seconds a private university and the school college and school areas to promote this product. Secondly, in the third or 29:20 29 minutes, 20 seconds sorry, third options, we are participating into various exhibition where uh we are going to part make our 29:27 29 minutes, 27 seconds channel partner. So our through our channel partner also we are expanding our business model. 29:35 29 minutes, 35 seconds Okay. Thank you sir. This is it from my side. Thank you sir. 29:41 29 minutes, 41 seconds Thank you ladies and gentlemen. Anyone who wishes to ask a question may press star and one on the touchstone telephone. 29:50 29 minutes, 50 seconds Next question comes from the line of Kapil Adani from Art Growth Fund. Please go ahead. 29:58 29 minutes, 58 seconds Hello sir. Good evening. Good evening sir. Yes sir. 30:04 30 minutes, 4 seconds Congratulations sir first of all on such great results. Uh sir I just have only a few questions on financials. Uh there is 30:12 30 minutes, 12 seconds a line item in the balance sheet by the name of intangible asset under development. 30:18 30 minutes, 18 seconds This pertains to around 8.15 crores. Can you uh shed some light on this line item? What is it related to 30:26 30 minutes, 26 seconds zero touch product because uh in the RHP we have seen that zero touch KEX was around 5C cr. 30:35 30 minutes, 35 seconds So can you give some yeah? Yeah. So uh thank you so much Capil G for your wish and uh very good 30:42 30 minutes, 42 seconds questions about the balance sheet. So uh the intangible items include uh the software part development of the zero 30:51 30 minutes, 51 seconds touch that is one. Secondly uh we are currently building uh AI model uh our 30:58 30 minutes, 58 seconds own LLM we are developing for uh integration into the ERP. So that is another uh research is going on with our 31:07 31 minutes, 7 seconds company. So that is also under developing of uh uh intangible items. 31:12 31 minutes, 12 seconds Third uh uh our currently u ERP solutions is we are expanding into the 31:19 31 minutes, 19 seconds other countries. So there is a certain norms into the uh government's policy as well as the certain accounting system uh 31:28 31 minutes, 28 seconds as per the current uh market as well as the uh accounting standard of the various countries. So these are the 31:35 31 minutes, 35 seconds various three uh line item currently under development. Uh and that's of the 31:42 31 minutes, 42 seconds including of the various uh amount of uh our intangible into the balance sheet. 31:50 31 minutes, 50 seconds Okay. Uh am I am I clear with your answer? Yes. Yes sir. Understood. 31:57 31 minutes, 57 seconds Okay. And sir, my second question is on the uh profit and loss statement on the line item purchase of stock and trade. 32:05 32 minutes, 5 seconds It is also uh recently added this year. 32:08 32 minutes, 8 seconds Can you please clarify what is related to? 32:11 32 minutes, 11 seconds Correct. So uh currently uh uh we have started into the uh certain part of the trunky projects also like uh we have a 32:21 32 minutes, 21 seconds uh received one tender in that we have to provide a complete ERP solution as well as we have to provide a complete uh 32:28 32 minutes, 28 seconds um technology solution like smart classrooms we have to provide into the computers we have to provide a service 32:35 32 minutes, 35 seconds infrastructure. So uh this is the part where uh we have to purchase certain hardware parts and we have to deliver 32:43 32 minutes, 43 seconds with our uh solution. So uh this is part of our uh like one-stop solution into 32:50 32 minutes, 50 seconds the education department and education in institutes where we provide a software we provide a complete service 32:57 32 minutes, 57 seconds server solutions and we provide a smart class solution also. Okay. 33:07 33 minutes, 7 seconds Understood. 33:08 33 minutes, 8 seconds Yes sir. Yes sir. Uh that is all from my end. Thank you. Thank you for answering. Thank you so much. 33:17 33 minutes, 17 seconds Thank you ladies and gentlemen. Anyone who wishes to ask the question may press star and one on the touchstone telephone. 33:28 33 minutes, 28 seconds I repeat ladies and gentlemen, anyone who wishes to ask a question may press star and one on the touchstone telephone. 33:40 33 minutes, 40 seconds The next question from the line of Disha Borgia from Safia Capital. Please go ahead. 33:47 33 minutes, 47 seconds Hello. Am I audible sir? Yes. 33:52 33 minutes, 52 seconds Yes. Thank you so much for this opportunity. So just two quick questions. So firstly on our revenue growth with zero touch coming how do we 34:00 34 minutes see the revenue growth for FI27 uh ma'am uh very good question in terms 34:07 34 minutes, 7 seconds of the revenue part as you know that uh as I mentioned previously that we are plann we are expecting around the total 34:14 34 minutes, 14 seconds revenue uh around 20 to 20% contribution going forward to the zero touch and uh in terms of the entire financial year of 34:24 34 minutes, 24 seconds 27 we are expecting uh around the 60 to 70% growth of what we are doing right now and uh as for the 34:32 34 minutes, 32 seconds track record we are maintaining on the same path and in terms of margins because zero 34:39 34 minutes, 39 seconds touch will also zero touch has higher margins right so how do we see a bit margins panning out 34:46 34 minutes, 46 seconds so uh ITA margin uh definitely maybe leads to the increased part uh but uh to 34:53 34 minutes, 53 seconds in a bottom line uh it It is very difficult when you scale and uh to maintain uh the margin but yes uh being 35:01 35 minutes, 1 second IT product and patented product so we are uh almost with run with the same line of the margin uh what we are 35:09 35 minutes, 9 seconds maintaining since last three or more than three years so uh but it can be increased because of the the new line 35:17 35 minutes, 17 seconds which is coming with the high margin also right and you mentioned so so currently we have 150 machines ready and the medium term we can go to 3,000 to 4,000. 35:27 35 minutes, 27 seconds So what can you give an exact timeline as to when do we expect this scale up to happen and how do you see the contribution from zero touch increasing 35:34 35 minutes, 34 seconds over time? So F27 we're expecting 22 to 20%. 35:38 35 minutes, 38 seconds And going ahead say F20 F 20 3 years down the line how do you see the contribution? 35:44 35 minutes, 44 seconds Uh yes misa. Uh so basically uh next qu next year uh financial year 27 or 28 35:52 35 minutes, 52 seconds when we see so we we have to adding a more machine will leads to the more revenue part uh because we are uh in 36:00 36 minutes terms of I I just give a numbers certain level of distribution of the 3,000 machine. So the next year we are 36:08 36 minutes, 8 seconds planning to at least deploy 30% of the what we are planning in total and the next year another level of the 36:15 36 minutes, 15 seconds percentage of the 30 to 35% we are planning to distribution of the machine. 36:20 36 minutes, 20 seconds So the similarly when we increase the number of machine uh that will increase the uh range of the revenue uh as we 36:29 36 minutes, 29 seconds said 150 machine round contributing 20 to 20% of the revenue when we jump to the more machine will definitely increase that those part of our revenue. 36:41 36 minutes, 41 seconds Yeah just clarification so this 30% you mentioned of the overall 10,000 machines right? No, no. I I I'm just talking about the first 3,000 machine. 36:53 36 minutes, 53 seconds Okay. So, the 30% of the first 3,000 machines. Yes. Yes. Yes. Okay. So, around 900. 37:01 37 minutes, 1 second Correct. Precisely. 37:03 37 minutes, 3 seconds Okay. Okay. Okay. Okay. That's it. Thank you so much. Thank you. 37:09 37 minutes, 9 seconds Thank you. Ladies and gentlemen, anyone who wishes to ask a question may press star and one on the touchstone telephone. 37:20 37 minutes, 20 seconds I repeat, ladies and gentlemen, anyone who wishes to ask a question may press star and one on the touchstone telephone. 37:32 37 minutes, 32 seconds Wait for a moment while the question queue assembles. 37:52 37 minutes, 52 seconds Ladies and gentlemen, anyone who wishes to ask a question may I press star and one on the touchstone telephone. 38:12 38 minutes, 12 seconds I repeat ladies and gentlemen anyone who wishes to ask a question I press star and one on the touchstone Perform. 38:55 38 minutes, 55 seconds Ladies and gentlemen, anyone who wishes to ask a question may press star and one on the touchstone perform. 39:53 39 minutes, 53 seconds As there are no further questions, I now hand hand the conference over to Miss Kashish Patani from Infinity Infoway Limited for closing comments. 40:05 40 minutes, 5 seconds Uh thank you everyone. Uh thank you for spending your precious time with us. On the behalf of Infinity Info Limited, 40:13 40 minutes, 13 seconds that concludes this conference. Thank you for joining with us. We may now disconnect your line. 40:21 40 minutes, 21 seconds Thank you. Thank you so much everyone.