iValue FY26 normalized PAT rises 20% to ₹102.3 crore
iValue Infosolutions reported a 20% increase in normalized PAT to ₹102.3 crore for FY26, with gross sales rising 19.5% to ₹2,913.9 crore. Operating EBITDA grew to ₹149.3 crore, and the company achieved a cash flow from operations of ₹108 crore, surpassing PAT for the first time. The qualified opportunity book stands at ₹5,800 crore, with guidance for FY27 projecting revenue growth of 18-20% and PAT growth of 20-22%.

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iValue Infosolutions Limited reported its audited financial results for the year ended March 31, 2026, recording a 20% increase in normalized profit after tax (PAT) to ₹102.3 crore. The company’s gross sales grew 19.5% year-on-year to ₹2,913.9 crore, driven by strong performance across cybersecurity and data centre segments. For the quarter ended March 31, 2026, gross sales stood at ₹749.7 crore, while normalized PAT was ₹42.7 crore. The company reported a cash flow from operations of ₹108 crore, exceeding its PAT for the first time, with net cash standing at ₹212 crore.
Consolidated Financial Performance
The annual results reflect improved operational efficiency, with Operating EBITDA rising to ₹149.3 crore. The following table summarises the key consolidated financial performance indicators for the year and quarter:
| Particulars (in ₹ Crore) | FY26 | FY25 | YoY Growth | Q4 FY26 | Q4 FY25 |
|---|---|---|---|---|---|
| Gross Sales | 2,913.9 | 2,439.4 | 19.5% | 749.7 | 670.6 |
| Total Income (Net) | 1,055.6 | 922.7 | 14.4% | 272.6 | 260.6 |
| Operating EBITDA | 149.3 | 127.9 | 16.7% | 58.9 | 52.4 |
| Normalized PAT | 102.3 | 85.3 | 20.0% | 42.7 | 38.0 |
Segment and Operational Details
The company operates as a single reportable segment, providing strategic technology advisory services and secure management of digital assets. Cybersecurity accounted for 50% of gross sales, growing 19% year-on-year, while Data Centre Infrastructure (DCI) contributed 17.4%, growing 29% year-on-year. Information Lifecycle Management (ILM) contributed 20.6% of gross sales with an 11.8% year-on-year growth. The company reported a working capital cycle of 30 days for the year, with inventory levels decreasing to ₹6 crore from ₹12 crore in the previous year.
Outlook and Guidance
For financial year 2027, iValue expects to outperform FY26, projecting revenue growth of 18% to 20% and PAT growth of 20% to 22%. The company’s qualified opportunity book stands at ₹5,800 crore, with conversion rates expected between 30% and 35%. Management indicated that the Board is evaluating avenues for long-term value creation, including strategic inorganic opportunities and shareholder returns initiatives such as dividends or share buybacks.
Exceptional Items and Disclosures
The financial results exclude the one-time impact of new labour codes introduced by the Government of India. This impact, consisting of gratuity and leave encashment costs, was assessed at ₹5.2 crore. The EBITDA and PAT figures reported are before accounting for this one-time cost.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE056801025/f52d974367fb488c.pdf
What specific inorganic opportunities is the Board evaluating to drive long-term value creation?
How will the company utilize its net cash of ₹212 crore to balance potential acquisitions with shareholder returns?
What strategies are in place to maintain the 30-35% conversion rate from the ₹5,800 crore opportunity book?
































