InfoBeans Technologies Concludes Share Buyback Program
InfoBeans Technologies, an IT services company, has finished its share buyback program, repurchasing 215,520 equity shares from the open market. This strategic move aims to enhance shareholder value and potentially increase earnings per share. The buyback could signal management's confidence in the company's financial position and future prospects. While specific details about the buyback price and timeline were not disclosed, the action may impact the company's stock performance and market perception.
12May 25
InfoBeans Technologies Announces Board Meeting to Consider Share Buyback
InfoBeans Technologies has scheduled a board meeting for May 15, 2023, to discuss and potentially approve a share buyback plan. If approved, the company would repurchase its own shares from the open market, which could impact shareholder value, share price, and ownership concentration. The size, price, and method of the potential buyback are yet to be determined.
Infobeans Technologies Ltd. announced strong Q4 FY2023 results with consolidated net profit rising 13.6% to ₹105.00 crore. Revenue increased 6.3% to ₹103.00 crore, while Profit Before Tax grew 30.8% to ₹16.34 crore. The company recommended a final dividend of ₹1 per share, subject to shareholder approval.
02May 25
InfoBeans Technologies Reports Robust Q4 and FY 2024-25 Results with 69% Jump in Annual Profit
InfoBeans Technologies Limited announced impressive financial results for Q4 and FY 2024-25. Q4 saw a 14% YoY increase in net profit to ₹10.50 crore and 7% revenue growth to ₹107.00 crore. For FY 2024-25, revenue rose 7% to ₹410.00 crore, EBITDA grew 24% to ₹83.00 crore, and PAT surged 69% to ₹38.00 crore. The company expanded its global presence, secured new deals, and maintained strong client metrics. A final dividend of ₹1.00 per share was recommended.
InfoBeans Technologies Secures AI Transformation Project with Canadian Standards Organization
InfoBeans Technologies Ltd has been selected to lead an AI-powered transformation project for one of Canada's largest standards developing organizations. This project aims to enhance the organization's operations and capabilities in standards development using cutting-edge AI technologies. The partnership highlights InfoBeans' growing expertise in AI and its ability to secure high-profile international projects, potentially boosting the company's global recognition and opening doors to more opportunities worldwide.