IKS · Information Technology
Inventurus Knowledge Solutions Ltd. reported revenue of ₹1,592 cr for July to September 2026, +103.8% on the year and +78.1% on the quarter. It is the highest quarterly revenue in the last 12 quarters on record. Over the last four quarters revenue comes to ₹4,159 cr, +43.3% on the four before.
Operating profit (EBITDA) was ₹442 cr, a margin of 27.8%, −681 bps on the year and −467 bps on the quarter. Over the last 8 quarters the margin has ranged from 27.5% to 34.6%, averaging 31.8%. Operating costs grew +125.0%, faster than revenue at +103.8%, so operating profit grew less than sales.
Net profit was ₹213 cr, +17.7% on the year and +9.8% on the quarter, with earnings per share of ₹12.68. Profit before other income, one-offs and tax grew 11.6%, so 6 points of the headline growth came from outside the core business. The tax rate of 22% is in line with its recent average. Profit over the last four quarters totals ₹796 cr, +30.3% on the four before.
Of the 25 companies in Information Technology that have reported Q2 FY27 so far, Inventurus Knowledge Solutions Ltd. ranks 2nd on revenue growth; the sector median is +14.3%. Its margin moved −681 bps on the year against a sector median of +26 bps.
On earnings per share of ₹46.65 over the last four quarters, the stock at ₹1,651.30 trades at 35.4 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
Finance cost rose fast and now takes a large bite of operating profit. New borrowing, or a higher rate?
Source: Quarterly statements
Operating margin fell sharply on the year. Pricing, input costs, or mix?
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹567 cr | ₹620 cr | ₹640 cr | ₹643 cr | ₹657 cr | ₹724 cr | ₹740 cr | ₹781 cr | ₹815 cr | ₹858 cr | ₹894 cr | ₹1,592 cr |
| YoY | — | — | — | — | +16% | +17% | +16% | +21% | +24% | +19% | +21% | +104% |
| EBITDA margin | 28.6% | 20.3% | 27.0% | 29.4% | 27.5% | 31.2% | 32.2% | 34.6% | 34.2% | 34.4% | 32.4% | 27.8% |
| Other income, % of PBT | 5% | 19% | 3% | 3% | 17% | 2% | 2% | 2% | 3% | 2% | 2% | 8% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 18% | 21% | 22% | 21% | 19% | 18% | 22% | 21% | 20% | 19% | 23% | 22% |
| Net profit | ₹102 cr | ₹64.0 cr | ₹95.0 cr | ₹113 cr | ₹130 cr | ₹148 cr | ₹152 cr | ₹181 cr | ₹183 cr | ₹206 cr | ₹194 cr | ₹213 cr |
| YoY | — | — | — | — | +27% | +131% | +60% | +60% | +41% | +39% | +28% | +18% |
| Core profit YoY | — | — | — | — | +13% | +168% | +63% | +61% | +68% | +40% | +28% | +12% |
| EPS | ₹5.94 | ₹3.72 | ₹5.57 | ₹6.59 | ₹7.56 | ₹8.61 | ₹8.83 | ₹10.53 | ₹10.68 | ₹12.00 | ₹11.29 | ₹12.68 |
| Flags | · | · | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 2 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Inventurus Knowledge Solutions Ltd. reported revenue of ₹1,592 cr (+103.8% on the year) and net profit of ₹213 cr (+17.7% on the year) for July to September 2026.
Profit before other income, exceptional items and tax moved +11.6% on the year, against +17.7% for reported profit.
2 checks raised a question: Finance cost rose fast and now takes a large bite of operating profit. New borrowing, or a higher rate?
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