Mukul Agarwal Holds 4.60 Per Cent Stake: Software Development Company Secures Green IT Park Project in Indore With 51 Per Cent Stake With 3-Acre Land and Rs 30 Crore CAPEX
In the last 5 years the stock has given 208 per cent returns.
On Saturday, InfoBeans Technologies Limited announced that it has been awarded a significant contract. The contract is for the construction of a Green IT Park Building and its associated services at IT Park, Indore (M.P.). This project will be executed on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis under a Public Private Partnership (PPP) model.
To undertake this project, InfoBeans will form a consortium that includes a developer and an investor. InfoBeans will hold a 51 per cent stake in this consortium, as the company anticipates occupying half of the 4 lakh sq ft green building. The land allocated for this Green IT Park is 3 acres located at Pardesipura IT Park. The total time period for the execution of this project is 50 years, which includes a construction period of 36 months. The capital infusion for this project is expected to be Rs 30 crore, with the remaining funds to be raised through debt.
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In the Quarterly Results of March 2025, the company reported a revenue of Rs 103.22 crore, reflecting a YoY growth of 6.48 per cent compared to Rs 96.94 crore in March 2024. The operating profit stood at Rs 19.31 crore, marking a 10.66 per cent increase from Rs 17.45 crore in the same quarter last year. The profit after tax (PAT) rose by 13.64 per cent to Rs 10.50 crore from Rs 9.24 crore in March 2024.
In FY25, the company posted a revenue of Rs 394.78 crore, registering a 7.13 per cent growth compared to Rs 368.52 crore in FY24. The net profit for the year stood at Rs 37.97 crore, up 68.98 per cent from Rs 22.47 crore in the previous financial year.
InfoBeans Technologies Limited is primarily engaged in providing software development services. The company specialises in developing business applications for web and mobile platforms. Their services encompass custom software development, digital transformation initiatives, enterprise mobility solutions, and IT consulting. InfoBeans caters to various industries and has a global presence with operations in regions like the United States of America, Europe, and the Middle East, with a significant portion of its revenue being generated from North America. In the last 5 years, the stock has given 208 per cent returns. Ace investor Mukul Agarwal holds a 4.6 per cent stake in this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.