InfoBeans Technologies reports 200% profit surge, forms subsidiary

InfoBeans Technologies reported a 200% surge in profit and 23% year-over-year revenue increase for Q1 FY2025-26. EBITDA margins jumped 89% and quarter-on-quarter profit rose 140%.

The company's board approved formation of Ecoplex Infra Private Limited, a new subsidiary for the Green IT Park Project, with InfoBeans taking a 76% stake in the ₹100,000 paid-up capital venture.

InfoBeans also completed a ₹1,000 lakh share buyback of 215,520 equity shares at ₹464 each.