Risk Intelligence
TrueBridge integration complexity
View Risks →Inventurus Knowledge Solutions delivered a strong Q4 FY26 with revenue of ₹857 crore (+18.5% YoY), EBITDA of ₹300 crore (35% margin), and PAT of ₹206 crore (+39% YoY).
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Inventurus Knowledge Solutions delivered a strong Q4 FY26 with revenue of ₹857 crore (+18.5% YoY), EBITDA of ₹300 crore (35% margin), and PAT of ₹206 crore (+39% YoY). Growth was driven by platform adoption, AI-led automation (Scribble Select, MyCare Hub), and strategic acquisitions (TrueBridge, ARI). Headcount grew only 5.3% vs 13% constant-currency revenue growth, demonstrating operating leverage. Management outlined a true north target of tripling EBITDA to ₹3,000 crore by FY30, underpinned by the TrueBridge acquisition and proprietary AI/neurosymbolic models. Key risks include integration complexity of TrueBridge, potential pricing deflation in point-solution features, and elevated leverage post-acquisition.
TrueBridge integration complexity
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Read Transcript →Deliberate pruning of small clients; 90% of revenue from top clients.
Revenue grew 18.5% YoY with only 5.3% headcount growth, showing nonlinearity.
Top 10 customers grew 28% YoY, indicating strong account expansion.
Improved from 55% in FY25 to 79% in FY26, reflecting better cash conversion.
Management targets tripling EBITDA from ~₹1,000 crore (LTM Dec 2025) to ₹3,000 crore by FY30, driven by TrueBridge integration and AI-led automation.
The Cobalt-to-PostgreSQL migration and cross-selling system-of-action features into the EHR install base is a 18-24 month process with execution risk.
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