Meta Infotech Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Meta Infotech Ltd filed with BSE on 09 Jun 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
Meta Infotech reported FY26 revenue from operations of Rs 270 crore, up 23% year-on-year, while EBITDA declined to Rs 18 crore from Rs 25 crore and PAT fell to Rs 11 crore from Rs 14 crore in FY25. Management attributed the profitability decline to dollar conversion losses on a large contract and the loss of Professional Services revenue after its partner Imperva was acquired by Thales. The company also described increased operating expenses from hiring senior talent, opening new offices, and adding technology vendors during the year, alongside an order book of Rs 506 crore as of May 2026.
Numbers mentioned
Revenue from operations: INR270 crores (FY26)
p. 4
“Revenue from operations grew 23% Y-o-Y to INR270 crores in '26 and grew 72% Y-o-Y to INR60 crores in H2 FY26.”
Venu Gopal Peruri, page 4 of the filed PDF · View the filing
EBITDA: INR18 crores (FY26)
p. 4
“EBITDA stood at INR18 crores in FY26 versus INR25 crores in FY25 and stood at INR2 crores in H2 '26 versus INR6 crores in '25.”
Venu Gopal Peruri, page 4 of the filed PDF · View the filing
PAT: INR11 crores (FY26)
p. 5
“PAT stood at INR11 crores in FY26 compared to INR14 crores in '25 and stood at INR0.4 crores in H2 FY26 versus INR3 crores in H2 2025.”
Venu Gopal Peruri, page 5 of the filed PDF · View the filing
ROE: 15% (FY26)
p. 5
“we continue to maintain a healthy capital efficiency of ROE of 15% and ROCE of 22% in FY26, reflecting the strength of our business model and disciplined capital allocation.”
Venu Gopal Peruri, page 5 of the filed PDF · View the filing
Order book: INR506 crores (as of May '26)
p. 4
“our order book stood at INR506 crores as of May '26, equivalent to approximately 1.9x of FY26 revenue, providing stronger visibility of future growth.”
Venu Gopal Peruri, page 4 of the filed PDF · View the filing
Employee strength: 265 to 309 (FY26)
p. 4
“Our employee strength increased from 265 to 309 professionals during the year.”
Venu Gopal Peruri, page 4 of the filed PDF · View the filing
Gross profit: INR49 crores (FY26)
p. 8
“Our gross profit was INR49 crores in '25-'26 and '24-'25.”
Venu Gopal Peruri, page 8 of the filed PDF · View the filing
Services revenue: INR36 crores (FY26)
p. 12
“Our services revenue was INR36 crores, right?”
Venu Gopal Peruri, page 12 of the filed PDF · View the filing
Imperva professional services revenue: INR2 crores (FY26)
p. 7
“So which dropped down to two from INR10 crores.”
Venu Gopal Peruri, page 7 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.
PAT growth — 4x of FY26 PAT · FY29
stated as an aspiration by Venu Gopal Peruri
p. 5
“we have outlined an aspirational aspiration to grow profit after tax by up to 4x from FY26 levels to FY29.”
Venu Gopal Peruri, page 5 of the filed PDF · View the filing
Employee count — 370 to 375 · March '27
stated as an aspiration by Venu Gopal Peruri
p. 16
“Ideally, I feel, as per the kind of prospects we have, the projects which we are working on, we should be around 370 to 375 this year.”
Venu Gopal Peruri, page 16 of the filed PDF · View the filing
Services revenue mix — 25% to 30% of revenue · over three years
stated as an aspiration by Venu Gopal Peruri
p. 12
“No, I'm saying over a period of three years, this is where we want to achieve 25 to 30, okay, but 13 it might go maybe next year 18, 20 and then, you know, we'll add 5%, 6% every year.”
Venu Gopal Peruri, page 12 of the filed PDF · View the filing
PAT margin — 10% plus
stated as an aspiration by Venu Gopal Peruri
p. 14
“Correct. Our target is to increase it to 10% plus.”
Venu Gopal Peruri, page 14 of the filed PDF · View the filing
Imperva revenue — INR6 crores to INR7 crores · this year
stated firmly by Venu Gopal Peruri
p. 9
“We are definitely expecting around INR6 crores to INR7 crores from Imperva and about INR3 crores from Thales.”
Venu Gopal Peruri, page 9 of the filed PDF · View the filing
Large customer order revenue — INR100 crore · next three years
stated firmly by Venu Gopal Peruri
p. 13
“For next three years, another three years, yes.”
Venu Gopal Peruri, page 13 of the filed PDF · View the filing
Engineer additions — 50 engineers every year
stated firmly by Venu Gopal Peruri
p. 23
“And juniors will keep continuing we intend to add about 50 engineers every year.”
Venu Gopal Peruri, page 23 of the filed PDF · View the filing
Product revenue margin threshold — 9% to 10%
stated firmly by Venu Gopal Peruri
p. 10
“And now we are focusing any product revenue which we are going to do it has to be between 9% to 10%.”
Venu Gopal Peruri, page 10 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 this is due to one large order billed mostly in the first half.
Answered by Venu Gopal Peruri
Asked by Aniket Madhwani: Why does second-half revenue typically dip compared to the first half?
p. 6
“This is primarily because of one particular order which is the second largest deal in the world.”
Venu Gopal Peruri, page 6 of the filed PDF · View the filing
Management cited a dollar conversion loss on a large deal and the loss of Imperva professional services revenue after Imperva was acquired by Thales.
Answered by Venu Gopal Peruri
Asked by Aniket Madhwani: What caused the drop in PAT this year?
p. 7
“Imperva got sold to Thales.”
Venu Gopal Peruri, page 7 of the filed PDF · View the filing
Management said services contributed 13% of revenue and targeted a gradual move to 25-30% over three years.
Answered by Venu Gopal Peruri
Asked by Abhishek Sharda: What is the current services revenue mix and target for coming years?
p. 12
“From 13, between 13 to 25, range you can expect.”
Venu Gopal Peruri, page 12 of the filed PDF · View the filing
Management said they needed to check the numbers and would follow up separately.
Answered by Venu Gopal Peruri
Asked by Abhishek Sharda: What was the reason for the product business loss in H2?
p. 13
“H2 I seriously have to go to the see the numbers.”
Venu Gopal Peruri, page 13 of the filed PDF · View the filing
CFO explained it was largely a timing issue related to inventory sold shortly after the fiscal year end.
Answered by Paresh Soni
Asked by Lakshminarayan KG: Why is operating cash flow conversion muted versus PBT?
p. 18
“Pre-tax free cash flow will be positive because if you will see there is an inventory of around INR20 crores at the March, okay.”
Paresh Soni, page 18 of the filed PDF · View the filing
Management said new contracts are now priced on a spot-plus-margin basis to avoid repeat of prior currency losses.
Answered by Venu Gopal Peruri
Asked by Lakshminarayan KG: How does the company handle forex fluctuation risk on long-term dollar-denominated contracts?
p. 22
“it's been a policy that we will charge Spot Plus 2.”
Venu Gopal Peruri, page 22 of the filed PDF · View the filing
Management said one large banking customer contributed about half of FY26 topline.
Answered by Venu Gopal Peruri
Asked by Lakshminarayan KG: What is customer concentration like?
p. 21
“Last year my topline I guess one of the banks have given us about almost 50%-55%.”
Venu Gopal Peruri, page 21 of the filed PDF · View the filing
Risks flagged
Loss of Imperva professional services revenue after Imperva was acquired by Thales
p. 7
“So when any sale happens across the world in IT especially, the existing team normally leaves the organization and join some other company.”
Venu Gopal Peruri, page 7 of the filed PDF · View the filing
Dollar/rupee conversion losses on long-term contracts
p. 7
“because of dollar fluctuation and dollar conversion we lost quite couple of crores there.”
Venu Gopal Peruri, page 7 of the filed PDF · View the filing
High industry attrition among cybersecurity talent
p. 17
“The industry standard attrition is 25% to 40%.”
Venu Gopal Peruri, page 17 of the filed PDF · View the filing
Low margin from one large concentrated customer order
p. 14
“See, this big order contributes to less than 5% of my bottom line and, you know, 60% on the top line.”
Venu Gopal Peruri, page 14 of the filed PDF · View the filing
Global shortage of skilled cybersecurity engineers
p. 16
“for every 10 engineers the world needs, we have only three.”
Venu Gopal Peruri, page 16 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.