InfoBeans Technologies Limited , a leading software solutions provider, has announced plans to merge its wholly owned subsidiary, InfoBeans CloudTech Limited, in a strategic move to streamline operations and enhance business efficiency.

Merger Details

The Board of Directors of InfoBeans Technologies approved the Scheme of Amalgamation on May 2, 2025. Under the scheme, InfoBeans CloudTech (the transferor company) will merge with InfoBeans Technologies (the transferee company), with an appointed date of April 1, 2025.

Key Points of the Amalgamation

• Asset Transfer: All assets, liabilities, and undertakings of InfoBeans CloudTech will be transferred to InfoBeans Technologies.

• Share Cancellation: As InfoBeans Technologies holds the entire share capital of InfoBeans CloudTech, no new shares will be issued, and no cash consideration will be paid. The existing shares of InfoBeans CloudTech will be cancelled upon the scheme becoming effective.

• Employee Transition: All employees of InfoBeans CloudTech will become employees of InfoBeans Technologies with continuous service and no less favorable terms.

• Regulatory Approvals: The scheme requires approval from the National Company Law Tribunal (NCLT) and other statutory authorities.

Business Focus

InfoBeans CloudTech specializes in providing software consultancy services in CRM, ERP, cloud computing, AI/ML, and digital transformation. This merger is expected to consolidate these capabilities within the parent company, potentially leading to improved service offerings and operational synergies.

Financial Implications

The merger is structured as a pooling of interests, in accordance with Indian Accounting Standard (Ind AS) 103. This approach ensures that the assets and liabilities of InfoBeans CloudTech will be recorded at their carrying amounts in the consolidated financial statements of InfoBeans Technologies.

Next Steps

The company will now proceed with filing the necessary documents with regulatory authorities, including the NCLT. Shareholders and other stakeholders will be kept informed of significant developments as the merger process progresses.

InfoBeans Technologies Limited is listed on the National Stock Exchange of India and BSE Limited. Investors and stakeholders are advised to monitor official communications from the company for updates on this corporate action.

InfoBeans Technologies Limited, an Information Technology services company, has announced its financial results for the quarter and nine months ended December 31, showcasing significant growth in profitability despite mixed revenue performance.

Consolidated Performance

For the nine-month period, InfoBeans Technologies reported a substantial increase in consolidated net profit, which surged by 107.6% to ₹27.47 crore, up from ₹13.23 crore in the corresponding period of the previous year. This impressive bottom-line growth was accompanied by a 7.4% rise in consolidated revenue, reaching ₹291.56 crore compared to ₹271.58 crore in the same period last year.

Quarterly Results

On a quarter-to-quarter basis, the company's performance showed some fluctuations:

While the quarterly consolidated revenue of ₹96.33 crore showed a slight decline of 2% compared to the previous quarter (₹98.27 crore), it represented an 8.1% increase year-over-year from ₹89.10 crore. The quarterly net profit of ₹7.06 crore, however, decreased by 44.2% sequentially but improved by 27% compared to the same quarter last year.

Standalone Performance

On a standalone basis, InfoBeans Technologies reported:

• Quarterly revenue of ₹68.37 crore, down 3.1% from ₹70.53 crore in the previous quarter but up 20.1% from ₹56.94 crore year-over-year.
• Quarterly net profit of ₹7.97 crore, compared to ₹14.69 crore in the previous quarter and ₹5.02 crore in the same quarter last year.
• Nine-month standalone revenue increased to ₹205.22 crore from ₹170.79 crore in the previous year, a growth of 20.2%.
• Nine-month standalone net profit more than doubled to ₹34.07 crore from ₹14.22 crore, marking a significant 139.6% increase.

Earnings Per Share

The company's improved profitability is reflected in its earnings per share (EPS) figures. The basic EPS on a consolidated basis for the nine-month period stood at ₹11.28, more than doubling from ₹5.45 in the previous year, representing a 107% increase.

InfoBeans Technologies' financial results demonstrate strong profit growth and improved revenue performance over the nine-month period, despite some quarterly fluctuations. The significant increase in profitability, particularly on a consolidated basis, suggests effective cost management and potentially improved operational efficiency in the company's IT services segment.