Risk Intelligence
Sustained volume decline in core India business
View Risks →Infollion crossed ₹114.73 Cr revenue in FY26, up ~30% YoY, with PAT at ₹12.72 Cr and free cash flow over ₹8 Cr.
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Infollion crossed ₹114.73 Cr revenue in FY26, up ~30% YoY, with PAT at ₹12.72 Cr and free cash flow over ₹8 Cr. Core India business showed resilience but H2 volumes moderated, especially in March (25% below run-rate). Three new initiatives—Hooka (L&D), US corridor, and MENA—contributed ~₹1 Cr revenue, with Hooka crossing first crore and MENA growing faster than expected. Management turned aggressive on pricing to gain market share, compressing gross margins, while employee costs rose ~25% due to expansion hires. No specific FY27 guidance given; medium-term outlook hinges on India economy and consulting demand. Risk: sustained volume weakness in core India business if consulting spending slows further.
Sustained volume decline in core India business
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Read Transcript →H2 FY26 calls increased from 9,000 to 9,800 vs H2 FY25.
Total experts on platform as disclosed in presentation.
Added ~70 employees, mostly in newer functions like sales and tech.
Conducted over 100 training sessions in FY26, with repeat clients.
Management targets US operations to break even once revenue reaches roughly $1 million (₹8-10 Cr), after which hiring in US will commence.
March saw 25% lower daily project inflow; if this persists, revenue growth could stall.
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