Shares of this AI stock in the business of software development services surged 15 percent on Monday following the company’s impressive 200 percent YoY rise in net profit and robust revenue growth in its latest quarterly results.
Share Price Movement
During Monday’s trading session, InfoBeans Technologies Ltd.’s share price increased by 15.15 percent, reaching an intra-day high of Rs.441.35 per share, up from the previous close of Rs.383.25 apiece. However, the shares declined since then before closing at Rs.422.45 each.
What Happened
Such a bullish movement in the stock price was an outcome of an increase in revenue and net profits of the company in the recent quarter.
According to its recent filing, in the quarter ending September 2024, InfoBeans Technologies Ltd reported an 8 percent increase in revenue to Rs.98.27 crore compared to Rs.90.88 crore in Q2 FY24 but on a quarter-over-quarter basis, the company saw a significant increase of 1.4 percent from Rs.96.96 crore in Q1 FY25.
In the same period, the company reported a significant increase in net profit of an exceptional 200 percent to Rs.12.66 crore in Q2 FY25, up from Rs.4.21 crore Q2 FY25 and 63 percent from Rs.7.75 crores in Q1 FY25.
In terms of return ratios, the return on capital employed (ROCE) is currently at 11.7 percent, while the return on equity (ROE) is at 7.93 percent. The company has a strong current ratio of 2.36 and a low debt-to-equity ratio of 0.08.
Products and Offerings
InfoBeans offers AI-driven design and engineering solutions to tackle complex business challenges. Their core services include digital transformation, customized software development, scalable cloud computing, data analytics for informed decision-making, and mobile application development to enhance user engagement.
Geographical Revenue
The company has a global footprint, deriving 64 percent of its revenue from the USA, 20 percent from Europe, 10 percent from the UAE, and 6 percent from India and APAC regions. Revenue is split between segments, with 48 percent attributed to digital transformation and 52 percent to product engineering.
Partnerships
The company has notable partnerships with major technology providers like Salesforce, ServiceNow, Microsoft, and UiPath, which bolster its capabilities in delivering cutting-edge solutions.
About the Company
InfoBeans Technologies is a prominent global IT solutions company based in Indore, India, specializing in software development and digital transformation.
Written by – Siddesh S Raskar
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