InfoBeans Technologies has fixed February 27, 2026 as the record date to determine shareholders eligible to receive bonus equity shares, following the outcome of its board meeting held on Jan. 22.
The IT services company also reported a sharp surge in consolidated net profit for the third quarter, underscoring strong financial performance and operational efficiency during the period.
For Q3, InfoBeans Technologies posted a consolidated net profit of Rs 19.30 crore, marking a 175.71% year-on-year jump from Rs 7 crore in the corresponding quarter last year. The strong growth highlights improved operational efficiency, effective cost management and successful execution of business strategies.
InfoBeans Technologies is an AI-led digital transformation and product engineering firm, founded in 2000, with a focus on designing, building and managing enterprise software for large corporates, including Fortune 500 clients.
The stock has seen a stellar run on Dalal Street over the past one year, delivering returns of over 90% during the period. Technically, the stock remains in a strong uptrend, currently trading above its 50-day and 200-day simple moving averages of Rs 708 and Rs 517, respectively.
On the financial front, the company reported a 79% year-on-year jump in consolidated net profit for the September quarter at Rs 23 crore, compared with Rs 13 crore in the corresponding quarter of the previous financial year. Total revenue for the quarter rose 26% year-on-year to Rs 130 crore, up from Rs 103 crore a year ago, reflecting sustained business momentum.
Shares of InfoBeans Technologies ended 6.29% higher at ₹894 apiece on Thursday, ahead of the announcement of the quarterly results.
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