Infinity Infoway Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Infinity Infoway Ltd filed with BSE on 07 May 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Infinity Infoway reported FY26 revenue growth of around 80% to INR 23.77 crore, EBITDA growth of 64% to INR 10.57 crore, and PAT growth of 60% to INR 7.01 crore. Management highlighted a 20-year patent for its ZeroTouch device-as-a-service technology, a Gujarat government AI order worth around INR 11 crore, and a strategic integration with TimePay for FinTech-enabled ERP. Management also discussed plans to expand ZeroTouch deployment, geographic expansion into Gulf markets, and the revenue mix across its education ERP, industrial ERP, online examination, and digital learning businesses.
Numbers mentioned
Revenue: INR 23.77 crore (FY26)
p. 2
“revenue growing around 80% to INR 23.77 crore lakhs”
B. Gadhethariya, page 2 of the filed PDF · View the filing
EBITDA: INR 10.57 crore (FY26)
p. 2
“EBITDA increasing 64% to INR 10.57 crore lakhs”
B. Gadhethariya, page 2 of the filed PDF · View the filing
PAT: INR 7.01 crore (FY26)
p. 2
“PAT rising by 60% to INR 7.01 crore lakhs, driven by strong execution and operating leverages”
B. Gadhethariya, page 2 of the filed PDF · View the filing
Employee attrition: 16.55% (FY26)
p. 2
“Our employee attrition stand 16.55%, which we will manage from the growing technology company”
B. Gadhethariya, page 2 of the filed PDF · View the filing
Gujarat government AI order value: INR 11 crore
p. 2
“we secured a key order including around INR 11 crore projects from the government of Gujarat related to the AI”
B. Gadhethariya, page 2 of the filed PDF · View the filing
MP institute annual contract value: INR 1.5 crore annually
p. 2
“INR 1.5 crore annually contracts from one of the institute in MP”
B. Gadhethariya, page 2 of the filed PDF · View the filing
ZeroTouch machines deployed: 150 machines
p. 2
“we deploy around 150 machines to reaching out more than 6.4 lakh students across the three plus university and 20 plus institutes”
B. Gadhethariya, page 2 of the filed PDF · View the filing
Education ERP revenue share: 53% (FY26)
p. 4
“education ERP is serving more than 53% revenue of this financial year and industrial ERP is serving around 36% revenue”
B. Gadhethariya, page 4 of the filed PDF · View the filing
Online examination revenue share: 10% (FY26)
p. 4
“Our online examination system is contributing 10% and digital learning platform are contributing 0.13%”
B. Gadhethariya, page 4 of the filed PDF · View the filing
Total team members: 156
p. 3
“today we have 156 experienced and talented team members, presence across six states in India”
Nikunj Gajera, page 3 of the filed PDF · View the filing
ZeroTouch machine manufacturing capacity: 3,000 to 4,000 machines
p. 8
“we have a capacity around 3,000 to 4,000 machines we can build and in the longer run we can also build or deploy more than 10,000 machines”
B. Gadhethariya, page 8 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
ZeroTouch revenue contribution — 20% to 22% · this financial year
stated firmly by B. Gadhethariya
p. 2
“We are expecting the contribution of the revenue from ZeroTouch in this financial year around 20% to 22%.”
B. Gadhethariya, page 2 of the filed PDF · View the filing
ZeroTouch margin — 50% to 60%
stated as an aspiration by B. Gadhethariya
p. 8
“we are expecting around 50% to 60% margin on running of this project”
B. Gadhethariya, page 8 of the filed PDF · View the filing
ZeroTouch market share — 1% to 2% this year, up to 10% in upcoming years · this year and upcoming years
stated as an aspiration by B. Gadhethariya
p. 9
“we are planning to at least capture 1% to 2% market share this year and more market share up to 10% in the upcoming years”
B. Gadhethariya, page 9 of the filed PDF · View the filing
Revenue growth — 60% to 70% · FY27
stated firmly by B. Gadhethariya
p. 11
“in terms of the entire financial year of 2027, we are expecting around 60% to 70% growth of what we are doing right now”
B. Gadhethariya, page 11 of the filed PDF · View the filing
TimePay revenue contribution — this quarter end or early next quarter
stated conditionally by B. Gadhethariya
p. 9
“we are expecting by this quarter end or maybe early of the next quarter we can have a meaningful revenue on this particular initiative”
B. Gadhethariya, page 9 of the filed PDF · View the filing
ZeroTouch machine distribution — 30% of first 3,000 machines · next financial year
stated firmly by B. Gadhethariya
p. 11
“the next year, we are planning to at least deploy 30% of what we are planning in total”
B. Gadhethariya, page 11 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said the Gulf region, starting with UAE, then Saudi Arabia and Bahrain.
Answered by B. Gadhethariya
Asked by Aryan Ajmera: Which geographies is the company targeting for global expansion?
p. 6
“we are planning currently as in international specifically, we are planning for a Gulf country and specifically UAE, it is the first criteria”
B. Gadhethariya, page 6 of the filed PDF · View the filing
Management confirmed it is a process patent covering the entire question paper delivery process.
Answered by B. Gadhethariya
Asked by Smith Tomar: Is the ZeroTouch patent a process or product patent?
p. 8
“So, entire process we have patented and the machine or our product is one of the part of the process.”
B. Gadhethariya, page 8 of the filed PDF · View the filing
Management said the pilot is complete and approval is pending from the issuing bank.
Answered by B. Gadhethariya
Asked by Smith Tomar: Has the TimePay prepaid card gone live?
p. 8
“we have completed pilot project and there is certain approval pending on designing parts from the issuer of the card bank because it is NSDL payment bank approved card”
B. Gadhethariya, page 8 of the filed PDF · View the filing
Management estimated the market at over $3 billion annually, with growth expected due to security concerns and the DPDP law.
Answered by B. Gadhethariya
Asked by Bhavesh Jani: What is the estimated ZeroTouch market size in India?
p. 9
“currently it is around more than $3 billion”
B. Gadhethariya, page 9 of the filed PDF · View the filing
Management said it covers ZeroTouch software development, AI/LLM development, and adapting ERP solutions for other countries.
Answered by B. Gadhethariya
Asked by Kapil Advani: What does the Intangible Asset Under Development line item cover?
p. 10
“the intangible items include the software part development of the ZeroTouch”
B. Gadhethariya, page 10 of the filed PDF · View the filing
Management said margins should remain broadly steady but could improve given the higher-margin new line.
Answered by B. Gadhethariya
Asked by Disha Bordia: How will EBITDA margins trend with ZeroTouch scaling?
p. 12
“we almost run with the same line of the margin what we are maintaining since last three or more than three years”
B. Gadhethariya, page 12 of the filed PDF · View the filing
Risks flagged
War conditions in Gulf region affecting business expansion
p. 6
“currently there is, as you know that market condition is not good, well because of the war”
B. Gadhethariya, page 6 of the filed PDF · View the filing
Difficulty maintaining margins while scaling the business
p. 12
“in a bottom line, it is very difficult when you scale and to maintain the margin”
B. Gadhethariya, page 12 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.