Client count
600+
-100 YoY
Deliberate pruning of small clients; 90% of revenue from top clients.
INVENTURUSKNOWLEDGESOLUT
Other
2026-04-??
Inventurus Knowledge Solutions Ltd — Q4 FY26
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).
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
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.
Key Numbers
Headcount
13,331
+5.3% YoY
Revenue grew 18.5% YoY with only 5.3% headcount growth, showing nonlinearity.
Top 10 customer revenue share
52.7%
+28% YoY
Top 10 customers grew 28% YoY, indicating strong account expansion.
Operating cash flow to EBITDA
79%
+24pp YoY
Improved from 55% in FY25 to 79% in FY26, reflecting better cash conversion.
Management Guidance
EBITDA target of ₹3,000 crore by FY30
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.
Management guidance growthEffective tax rate of ~22% for FY27
CFO guided ETR of about 22% for FY27 for the standalone IKS business.
Management guidance otherTrueBridge acquisition close and integration
Awaiting regulatory approvals; expect to close in coming months. Integration will involve migrating from Cobalt to PostgreSQL and cross-selling RCM and other platform features.
Management guidance expansionAI-driven autonomy across platform features
Management aims to increase autonomy in each of the 16 platform features using neurosymbolic AI, with Scribble Select and MyCare Hub as recent examples.
Management guidance ai_strategyKey Risks
TrueBridge integration complexity
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.
high · management_commentaryPricing deflation in point-solution features
Management acknowledged pricing deflation in easily autonomizable features like ambient AI scribing, which could pressure revenue per customer.
medium · analyst_questionElevated leverage post-TrueBridge acquisition
The debt-funded acquisition will increase leverage to ~3x EBITDA, requiring disciplined deleveraging and limiting further M&A capacity.
medium · analyst_questionSeasonal weakness in Q1 patient footfalls
CFO noted Q1 calendar is seasonally weakest due to insurance resets and winter, which could impact near-term revenue growth.
low · management_commentaryNotable Quotes
We have been cutting down the tail of small clients that we had inherited through Acuity... we feel like we'll eventually end up with some number between 500 and 600.
Our pricing model has always been outcome based and a percentage of the customer's revenue is how we get paid.
The winner over a period of time is going to be a platform system of action versus point solution system of action.
Frequently Asked Questions
What was Inventurus Knowledge Solutions's revenue in Q4 FY26?
Inventurus Knowledge Solutions reported revenue of ₹857 Cr in Q4 FY26, representing a +18.5% change compared to the same quarter last year.
What guidance did Inventurus Knowledge Solutions management give for FY27?
EBITDA target of ₹3,000 crore by FY30: 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. Effective tax rate of ~22% for FY27: CFO guided ETR of about 22% for FY27 for the standalone IKS business. TrueBridge acquisition close and integration: Awaiting regulatory approvals; expect to close in coming months. Integration will involve migrating from Cobalt to PostgreSQL and cross-selling RCM and other platform features. AI-driven autonomy across platform features: Management aims to increase autonomy in each of the 16 platform features using neurosymbolic AI, with Scribble Select and MyCare Hub as recent examples.
What are the key risks for Inventurus Knowledge Solutions in FY27?
Key risks include TrueBridge integration complexity — 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.; Pricing deflation in point-solution features — Management acknowledged pricing deflation in easily autonomizable features like ambient AI scribing, which could pressure revenue per customer.; Elevated leverage post-TrueBridge acquisition — The debt-funded acquisition will increase leverage to ~3x EBITDA, requiring disciplined deleveraging and limiting further M&A capacity.; Seasonal weakness in Q1 patient footfalls — CFO noted Q1 calendar is seasonally weakest due to insurance resets and winter, which could impact near-term revenue growth..
Did Inventurus Knowledge Solutions meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Inventurus Knowledge Solutions Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.