Identixweb reported a 46% year-on-year increase in standalone net profit to ₹6.01 crore for the financial year ended March 31, 2026 (FY26). The Surat-based IT services firm posted consolidated net profit of ₹5.35 crore, up from ₹3.72 crore in the previous fiscal.

The company's standalone revenue from operations grew 30% to ₹11.09 crore, driven primarily by an increased supply of services. Consolidated revenue expanded more sharply, rising 43% to ₹13.05 crore. Identixweb, which specializes in Shopify application development and SaaS solutions, also completed its listing on the BSE SME platform in April 2025.

Financial Performance

On a standalone basis, total income reached ₹12.07 crore, comprising ₹11.09 crore from operations and ₹98.50 lakh in other income. Other income surged significantly from ₹45.80 lakh in FY25, largely due to higher interest earned on fixed deposits and loans and advances.

Total expenses before depreciation, finance cost, and tax stood at ₹32.86 lakh, compared to ₹24.52 lakh in the prior year. Despite the rise in expenses, profit before tax jumped to ₹8.20 crore from ₹5.79 crore. The net profit after tax was ₹6.01 crore, against ₹4.11 crore in FY25.

On a consolidated basis, which includes subsidiary Munim ERP Private Limited, revenue from operations was ₹13.05 crore. The group recorded a consolidated net profit of ₹5.35 crore attributable to equity shareholders of the parent company. Munim ERP contributed ₹19.61 lakh in turnover but reported a loss before tax of ₹1.31 crore.

What the Numbers Show

Other income played a disproportionately large role in the company's bottom line. At ₹98.50 lakh, other income accounted for approximately 12% of total standalone income and roughly 16% of the final net profit. This surge was driven by interest income on fixed deposits (₹45.67 lakh) and loans and advances (₹52.70 lakh), suggesting that cash deployment strategies contributed materially to profitability alongside core operational growth.

Capital Structure and IPO

During FY26, Identixweb conducted an initial public offer (IPO) of 30.80 lakh equity shares at ₹54 per share, raising gross proceeds of ₹16.63 crore. The shares were allotted on April 1, 2025, and listed on the BSE SME platform on April 3, 2025.

The issued, subscribed, and paid-up capital increased to ₹10.44 crore (104.42 lakh shares) from ₹7.36 crore. The board did not recommend any dividend for the financial year, opting to retain profits for future expansion. The company utilized ₹14.68 crore of the IPO proceeds for purposes including marketing, talent hiring, and investment in its subsidiary Munim ERP.

Operational Highlights

Identixweb serves over 14,000 global Shopify stores with its portfolio of SaaS applications, including tools for cart optimization, order management, and post-purchase upselling. The company employs 72 full-time staff as of March 31, 2026. Management highlighted steady progress in expanding its product ecosystem and leveraging AI-driven features to enhance merchant solutions.

Identixweb has scheduled its 9th Annual General Meeting for Tuesday, September 29, 2026, at 3:00 pm. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means as permitted by the Ministry of Corporate Affairs.

The primary agenda includes the adoption of the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. Additionally, shareholders will vote on the reappointment of Mrs. Hiralben Ankurbhai Lakhani as a Non-Executive Director.

Voting Schedule and Eligibility

Remote e-voting will be facilitated by National Securities Depository Limited. The voting window opens at 9:00 am on Saturday, September 26, 2026, and closes at 5:00 pm on Monday, September 28, 2026.

Only members whose names appear in the Register of Members or List of Beneficial Owners as on the record date are eligible to vote. The company has engaged CS Hardikkumar Jetani as the scrutinizer for the voting process.

Director Reappointment

Mrs. Hiralben Ankurbhai Lakhani retires by rotation and seeks reappointment. She holds a Master of Arts degree and has five years of experience in graphic and web design. She was originally appointed on September 30, 2023.

As of March 31, 2026, she holds 9,025 equity shares. She attended all 10 board meetings during the financial year 2025-26. The resolution for her reappointment will be considered as an ordinary resolution.