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InfoBeans Technologies Ltd (INFOBEAN) Q3 2026 Earnings Call Transcript

InfoBeans Technologies Ltd (NSE: INFOBEAN) Q3 2026 Earnings Call dated Jan. 23, 2026

Corporate Participants:

Avinash SethiChief Financial Officer

Siddharth SethiCo-Founder and CEO

Mitesh BohraCo-founder

Surbhi JainCompany Secretary & Compliance Officer

Analysts:

Unidentified Participant

Presentation:

operator

Good morning ladies and gentlemen. Welcome everyone and thanks for joining this Q3FY26 earnings call for Infobeans Technologies Ltd. The results are available on the stock exchange. In case anyone does not have a copy of the same, please do write to us. We’ll be happy to send it over to you. To take us through the results of this quarter we have with us three.

Good morning ladies and gentlemen. Welcome everyone and thanks for joining this Q3FY26 earnings call for Infobeans Technologies Ltd. The results are available on the Stock Exchange. In case anyone does not have a copy of the same, please do write to us. We’ll be happy to send it over to you. To take us through the results of this quarter. We have with us three co founders, Mr. Ravina Sethi, Mr. Siddharth Sethi and Mr. Mitesh Bhara. We will be starting the call with a brief overview of the company’s performance and then we will allow the Q and A session. Kindly ask your question by raising your hand and the brief overview by Avinash is over and then we will address all the questions one by one.

I would like to remind you all that everything said on this call that reflects any outlook for the future can be considered as a forward looking statement and must be used in conjunction with the uncertainty uncertainty and the risks that we face. These uncertainties and risk are included but not limited to what we have mentioned in the prospectus file with the sevy and the subsequent annual report.

With the side note. I turn over the call to Mr. Avinash Sethi. Over to you Avinash.

Avinash SethiChief Financial Officer

Thank you everybody for joining this call. So today thank you for being a support for summary of incidents for those who are attending is now 600 people strong company 26 years. Targeting the most market from. And we have offices in India which are mostly global centers. This is a quick roadmap. And recently. At a glance a quick numbers on the top line one of the US phase of information. We work with large enterprise clients as well as a very strong relationship which continues to be the strength to the business. We need two successful acquisitions and two buybacks and we have a long relationship with our team of good Number of people 9 months Financials on a middle that you see we have done 392 the first nine months of this fiscal year e has 4 crores 119 crores of cash and cash equivalents that include account receiving mostly wood of about 108 of 202024 since 2021 some of the relationships and partnerships that we have from Salesforce, now Microsoft Azure.

The recent award that we are very proud of is from Avatar which is the best companies to be named multiple years as this company. So. The focus on some of these offerings which allow us to service our large enterprise clients. And we are also now focusing on two verticals as well as store. So the founders three of us are here. Very important, you know cheer leaders for us. Very important evangelist for us. Hartia around. In terms of meeting our customer demands. This is a very strong delivery team that we have. Some of the client most time we can’t name because of the NDAs.

But some of the long standing clients include ALM which is like almost 15 years now. Large enterprises. Look at the bottom. The average age of our customers is over nine years and 90% of these clients choose to renew our services that we. This is the strength that we have in our relationship. Our clients. Quickly coming on to the snapshot of October to December quarter. December 25th to December 24th there was significant jump in the revenue of 38%. EBITDA shorted by 89 and PAT, you know by 170%. Quarter on quarter we still had good growth in terms of revenue. 6% growth. EBITDA dropped by 6% and packed by 15%. I’ll tell you the reason on the next slide the terms of revenue grew 30%.

Good momentum overall. Here we look at the expenses side. We have increased the expenses. You know, particularly I mentioned in last quarter as well. We had appraisals sitting in October. So that impact is showing a plus. You know, we hired net addition in the company was more than 77 people in the last quarter which also added to the cost. Then we are investing in sales and continuously and in the AI efforts. So all of these cost I would say investment that we make into execution. So therefore that cost is taken ensure that we build that momentum further. Same numbers more detail.

One important point that I keep mentioning in all is, you know study state margins are 24%. And you look at the two numbers in December 24, 18% and September 25%. Both are outlier and both are, you know, not sustainable. Target is always about 24%. So the bit also on the. On the pad margin as well. The variation is palpable. It is not really. These are outliers. It’s not the target that you get. So interestingly, both 24% and 14% of the.

Surbhi JainCompany Secretary & Compliance Officer

Audience are saying that you are not audible clearly.

Avinash SethiChief Financial Officer

Okay, I’m trying to be slow and more is it better? Do we have Any feedback.

Surbhi JainCompany Secretary & Compliance Officer

So can anyone confirm can you hear us properly? Please anyone help us by writing your confirmation in the Q and A box.

Avinash SethiChief Financial Officer

Is the audio audible? Is the sound audible? Yes, yes, yes. Thank you. Next please. So I’ll just repeat it again. So on the revenue side there’s an increase of on a quarter to quarter basis and on the expense side if you look at there’s an increase primarily because of increase in appraisals increasing cost of employees because of appraisals which was dealing after the and then we had addition of 77 new members in the company which also added to the cost. Then we are continuing to invest in AI efforts and we continue to invest in the sales investment sales teams as well across the two markets.

So that is where the there’s an increase in the expenditure which is totally aligned with the objective of the company of the continuing to maintain the growth and the momentum. So therefore, you know we don’t really bother about it. When you look at the EBITDA margin I keep telling in all my calls previously as well the 24 is the standard the steady state margin that we aim at. This is what we focus. So when you look at the other 2/4 listed here 12/24 and 1725 the outlier very in that sense because this is not what we target.

So I mentioned in the October call from September quarter that this 29% is unsustainable and probably roughly back to 24% which is you know same goes at margin. Is what we keep saying all the time. So you know ideally both of these numbers in my quite a coincidence. So this is what we target. Yeah so one you know big announcement from its shareholders. You know, we’ve been in the market for almost nine years now and we also wanted to allow shareholders to participate is injected by way of the ratio is threes to one. So every share that you hold you will get three shares for each.

And so these are the technicalities of how the capitalization. Right now impact of new labor code for all the IT companies biggest expense in terms of the cost. Thankfully you know basic was already 50% of so when we did a lot of analysis and calculations and consulted experts in the industry we realized that there is no impact in the company due to the labor code is pay structure is also very devised to ensure that we meet all those needs. Of the team also. So we we already had that 50% as a basic pay. So we are totally shielded from this.

I asked Mitesh to talk about the events.

Mitesh BohraCo-founder

Hello everyone. Good morning. Thank you for joining One of the biggest things that we look at is how the market is evolving and how the trends are changing. Everybody probably already is realizing the impact AI is making in all industries everywhere across the board. We have remained at the forefront of a lot of innovation and expertise development with respect to AI. One of the key changes that we made in the organization in the past few months is actually have one of the founders take a deeper dive into AI and essentially look at how market is buying A lot of customers these days.

Look for ready to go accelerators, ready to go products that can actually fulfill quite a bit of need that they may have. Yes, there is a lot of things you still need in terms of implementation, but to go in and build everything from the scratch, those are 20 years ago type of market go to market strategies. So we are investing very heavily in terms of building accelerators and product. Last week we launched what we call Insane sdd. It’s a spec driven development accelerator essentially inspired from Tesla, the Insane mode. If any of you have experienced Tesla’s Insane Mode Drive goes from 0 to 60 in about 1.9 seconds.

That’s the kind of inspiration that we have taken and essentially enabling our customers to now achieve that kind of development. With roughly 50% gain in speed, 50% reduction in defects and overall savings of dev days, what we call developer days, of up to 50%. The idea again is how can we take an emerging industry benchmark like spec driven development, apply AI at the right time, at the right mechanisms and create an accelerator that can really add value to our customers. So that’s something that we have launched. Next week you will see unveiling of Exponent 2.0 which will enable anybody out there in the world to deploy Expona in their own environment.

Beantrail has been an existing product of ours on the Salesforce side with roughly 40,000 licenses that are already sold. We have enhanced Bean Trail with AI agent and pending Salesforce approval, it will be deployed on Salesforce’s agent exchange. Essentially taking everything that we have and either making them AI enabled or actually taking AI first initiatives. So that’s the kind of thing that we are doing. There are many other things in the pipeline and with time to come we will definitely be unveiling all of.

Avinash SethiChief Financial Officer

Next revenue. Breakup means 50%, 55% market share, 33% from European market and 5% which include India. And from a business point of view, I think this is getting relevant by the day because Outtake is already in the process of working. So there’s 8% of the total revenue. So the event that we attend particularly on the Automat custom experience again another event in Dubai training. Yeah we in order to reach more company engagement point of view we’ve started with a podcast. And. Today this is typically how the journey started is you know from college days to working days to how we got the idea of business.

The second podcast happened with the client which is m long timer discussions there. One of the interesting feedback of this story that we’re getting is you know people are really getting of how this company started, what kind of philosophies that we follow, what kind of inspiration that we have and how we continue to build this business. Some of the activities that we do to impact the society. This is particularly for students. That happens every year foundation which is a passion project where we help underprivileged train them on software engineering. We have this policy where we plant trees on packets and this is where. Market Data as of 31st of December market price was 821.

Thank you so much. Any questions that you have you can always raise it here. And if it is unanswered or we can’t. Thank you sir, over to you.

Questions and Answers:

Surbhi Jain

Thank you everyone. You can unmute yourself and ask your question when it is your turn. We further request you to limit yourself to one question at a time. You may rejoin the queue for the follow up questions and we’ll be happy to answer if the time permits. So we’ll begin the session now. First question is coming from the line of Mr. Mehul, may please unmute yourself and ask your question.

Unidentified Participant

Yeah. Good morning everyone. Yeah, first of all a small feedback. I think the first speaker was not in the room and he was online I think and we, we were hardly able to hear him whosoever was on videocon. You know, I’m able to hear the gentleman in the room but I was not able to hear a single word at all. And I was. Because you disabled the chat, I was sending messages to the Q and A. You can see all the messages from 992-onwards. 902. Unfortunately. Sorry?

Avinash Sethi

All the speakers of the call today are in this room right now sitting. Can you see us?

Unidentified Participant

So okay, so the first speaker was Mr. Shetty, right?

Avinash Sethi

Yeah. I’m Abhidar. I’m Avinak Seti.

Unidentified Participant

Yeah, your voice was very feeble. I thought you were not in the room.

Avinash Sethi

Okay.

Unidentified Participant

I was able to hear Mitesh very well. I was able to hear the person in the beard, you know the person who is just announced the question. But I was not able to hear you. I Don’t know if anybody else heard you very well. I was able to hear Mitesh as well, unfortunately. Anyway, I will go ahead with my question. Yeah. So I think I would request you that next time when you have the call, you can open, keep the chat enabled and see if somebody is facing a problem because I don’t know if anybody else heard the discussion.

Okay. Sorry for the long one. So my question is that, you know, the IT services industry is facing quite a bit of challenges when we look at the big IT services companies like tcs, wipro, Infosys. So while info. While we are churning out very good numbers from the last two quarters, I’ve been, I’ve been joining your calls as well and tracking your results as well, quarterly numbers. So what are we doing differently? I mean, I know that we are a small company, so obviously the small companies can be agile and they can grow faster than the elephants in the room, TCS and wipro and Infosys. But what are we doing so different that we are able to grow at this pace? Sorry, sorry. But you know, your, your voice is very, very feeble. I don’t know what is it? What is the challenge? Yeah, it is better. Much better. Yeah. Thank you.

Avinash Sethi

So. So Mehrun, I don’t think, you know, we have just a magic wand which is, which is not available. It is just a matter of timing. And just last year, 12 months ago, we were struggling with growth. So it’s, it is, you know, you continue to make efforts and at certain point in time your stars are aligned and things, you know. Well, I’m not discounting the, the effort that we are doing or the others are doing. I, in my mind, TCS of that sign is doing good. Similarly, Infosys, very good. Persistent is like magic. Right? So.

But what I’m trying to say is everybody is trying to figure out the market, the microfactors, and everybody is also engaging with their customer base to try to solve their problems and ensure that they also succeed. Now, it is a matter of timing that some things play out well and some things don’t play out well. So I won’t say that we did something crazy because we could have done that a year ago or two years ago as well. So what I’m trying to say is we continue to make efforts and there’s a long gestation period on that outcome. And that is what it is showing right now. Whatever we tried to do two years ago or, you know, 18 months ago is now starting to show the colors in full blue. So that is what it is. I, I don’t think there’s a magic wand that what we’re doing best is looking good and the others are not doing. Everybody’s making enough efforts. Something. Sometimes it works out sometimes. So sorry to give you, not give you any magic formula.

Unidentified Participant

No, no. So why, why I’m saying so because if you compare the quarterly numbers of the giants like TCS Wipro, they are not growing at this pace. You know, they are hardly. The growth on revenue and profits is very, very meager compared to what a small company like your. I mean Infobeans is doing. So, I mean, No, no, I’m not expecting same.

Siddharth Sethi

Let me try and answer that. I think now part of the.

Siddharth Sethi

Can you hear me well?

Unidentified Participant

Yeah, yeah, I can hear you very well. Yeah. Thank you.

Siddharth Sethi

Thank you. So first of all, thank you for your question. Thank you for comparing us with giants like Thesis, Infosys. I think the part of the answer lies in your question itself and part of it is agility. We tend to show up more often. We have more hunger. I think larger companies, again, not trying to compare us with them, they’re excellent organizations. They have their own pace and we have our own pace. Three founders are sitting here in the investors call. We could have done it with one or none at all. So I think that hunger is there to grow and hopefully, as Avinash also said, things will match up.

Our luck will also align in our efforts in that direction. Combined with the luck and combined with, you know, what our clients think of ourselves, of us, I think that is all these three factors will combine and probably will continue to grow the way we are growing. The effort is always going to be there. That is 100% sure. And that is exemplified by our presence in this investors. I think we spend enough time on this one, we’ll definitely come back to you.

Unidentified Participant

Sure, sure.

Avinash Sethi

Yeah, yeah.

Siddharth Sethi

Next question. Thank you so much.

Surbhi Jain

Thanks. Next question is from Mr. Sumuk. Sumuk, please unmute yourself and ask your question.

Unidentified Participant

Hey, am I audible?

Siddharth Sethi

Yeah.

Unidentified Participant

Yes, sir. So my question is, sir, post your partnership, your German partnership for Nefi Tour, your revenue share from Europe has gone up from 16 to close to 33% now. So what part of this change in mix is attributable to that partnership? And also can you share your revenue mix in terms of your top one or top five clients or just to know the client concentration? Thank you.

Siddharth Sethi

Thank you for your question. We do not attribute the revenue share to a particular partnership, especially in this case. It is a very strong partnership. That is all that I can say. It has been going on now for two and a half years if I’m correct. Two, two and a half years. And it’s a very, very strong partnership and we’re very proud of that partnership. Just to put it in terms of numbers will probably not do justification to the kind of work that we are doing together in a very important market like Germany. That is I think the first question. What was the second question? I forgot? The breakdown of top five clients.

Avinash Sethi

Yeah, so we’ll offer that in the annual thing. So the March quarter will come back with more. So. Yeah, but usually our top 10 customers will give us about 70 plus percent.

Unidentified Participant

Get that number. Can you please come again?

Surbhi Jain

Next question is from Mr. Varun. Varun, please unmute yourself and proceed with your question.

Unidentified Participant

Hi, good morning sir. Is my voice audible?

Siddharth Sethi

Yeah.

Unidentified Participant

Sir, I congratulations on a good set of numbers and to be honest the most encouraging part has been your top line growth above that 100 crore marks since the last few quarters and it continues to grow. That’s very encouraging and congratulations on that. So my question is on the US business, looks like I. Looks like the. There has been slight slowdown in this quarter compared to the previous quarter. This quarter looks like the company has a revenue of 34 crores versus 39 crores in the previous quarter. I arrived that number by, you know, minusing the consolidated and the standalone numbers. So sir, any specific reason for the slowdown in the overseas business or what can we attribute this slowdown to?

Avinash Sethi

Yes, yes there is. So because the standalone is only India business and then we consisting of us, Germany and Middle east and cloud tech as well. So four subsidiaries get consolidated. So but point taken that yes, US are still not going as fast as the Japan revenue. So we are, if you look at the kind of efforts that we’re making in terms of investing in the sales, particularly in the newer geography is from the area, you know, we have at least six more people join the sales team and in the American region itself. So we’ve been investing our own here to ensure that we rebuild the momentum that we lost because of, you know, all these. So yes, that’s an investment that’s going on.

Unidentified Participant

Okay.

Surbhi Jain

Yeah. So thank you Varun. Next question is from Srinivasu. Srinivasu, Please unmute yourself and ask your question.

Unidentified Participant

Hello sir, am I audible? Yeah, thanks for the opportunity sir. And again I, I also have the similar, similar feedback. The first 20 minutes I’m not able to hear anything. So please bear with me if I’m asking some basic questions because I couldn’t get anything. I also request organizers to ensure that quality of the audio is good before starting this meeting. My question is about the accelerators that you talked about. It is this exponent 2.4. How is it different from the previous version? Is it. Are you enhancing it for workflows or orchestration or how. I mean, how do. How are you going to monetize this?

Mitesh Bohra

Sure. Thank you so much for your question. Exponent one that we launched about four months ago was essentially to look at the scientific improvements that have been happening in the AI world. And the main intent and which remains the same is figure out ways in which hallucinations from the LLM world can be reduced. The noise that comes from broader web search engine people when they are looking for very specific information that comes from the content should come from the content. And we deployed the traditional Rank technology and we’ve talked about that before. What we have now implemented in exponent 2.0 is the graph wrap technology.

This is a combination of Knowledge Graph and traditional graph and we have enhanced it with Live Graph. The idea here is can we look at any set of content and this could be public content or private content in the enterprise world, depending on where Exponent is deployed. Can we, can we look at it and enhance the outcomes the the questions that get answered by exponen? Can we look at it from the perspective of very precise and very accurate answers? So accuracy improvement has been a major goal on the scientific side of AI. One big piece that we are trying to achieve in Exponent two is now take this and apply it to anybody.

Who has a public content and deploy. It in a matter of minutes. So that’s something that’s coming. The intent when enterprises have public content, it can be rapidly deployed without worrying about the aspects of, you know, whether this go goes on a public cloud or a private cloud. But at the same time, the real goal is exponent for enterprises. Can we take exponent and assist enterprises within their world? They can have a structured content vetted among structured content. All of this could produce great amount of hallucination. Also deploying scientific aspects of AI, can we make it very streamlined and uniform for them and improve the performance? So those are some of the big improvements that we are bringing in. Exponent. I hope that answers you.

Unidentified Participant

Thanks for answering that. So among the clients, the largest clients that you have, Salesforce, ServiceNow, Microsoft, which ecosystem today offers the best leverage for your AI accelerators, be it exponential or pay, intel or SBT?

Mitesh Bohra

Repeat the question. Microsoft, Salesforce, ServiceNow are not our customers.

Unidentified Participant

Yeah, I’m asking basically now, among the three accelerators that you have right now, which ecosystem today offers the best leverage? Is it Salesforce or ServiceNow or Microsoft?

Mitesh Bohra

See, our business is fairly evenly distributed, some more, some less. The idea is the markets that we operate in, the ecosystems that we operate in, we want to ensure that there is a strong AI presence in each one of them. And that’s really what we are trying to achieve with these three different accelerators. There is more in the pipeline for ServiceNow as well and we want to ensure that you have a very strong footing in each of the areas that we are.

Surbhi Jain

Thanks. Thank you. Srinivasu. Next question is from Mr. Ankit Kumar. Ankit, please unmute yourself and ask your question.

Unidentified Participant

Sir. Am I audible? Yeah. So I wanted to ask on this QQ growth, do you think it will continue in the coming quarters also and on employee side we we have taken around 10% hike in October I believe. So what should our employee as in our employee cost expense should stay at similar levels going into the coming quarters. Thank you.

Avinash Sethi

Thank you Ankit for the question. The employee cost will continue to increase if we continue to hire. That’s first you know obviously as much as we can on the revenue growth. Yes the momentum is good. So we so yeah I can say but yeah the employee cost is a factor of you know equal addition and since the appraisal happened for October that that same you know cost will stay for the entire year until the next operation cycle. So that is the next level of starting point. I would say the baseline changed from something. Okay, next question.

Surbhi Jain

Varun please proceed with your follow up question.

Unidentified Participant

So just due to some audio issues I couldn’t hear to Avina says the comment full comment on the on the overseas business. A bit sorry for the repeat question. If you can just help with that sir. So about just the slowdown in the top line numbers in the quarter. So you were explaining something about the investment overseas business. So if just clarity on that sir please.

Avinash Sethi

You you can’t just deduce I mean you can’t deduct standalone from console and get the US business because. US Germany, Middle east there are four subsidiaries that that emerge into becomes off so you see that you know when I deduce this in 19th December so I think it was not.

Unidentified Participant

Okay. Yeah so just, just just a request. Sorry to to interrupt that I think similar to other participants I think Miteshas we can hear but clearly Avinasar you know we are not able to hear you clearly. Maybe the platform used next time the call if it can be by the team. Thank you, sir.

Surbhi Jain

Thank you. So we would be able to take this last question. So we have another question. Ankur, please unmute yourself and proceed with your question.

Unidentified Participant

Thanks. Just quick, any. Any guidance for next year at this point in time, revenue guidance.

Avinash Sethi

We. We unfortunately don’t give guidance. This is.

Unidentified Participant

All right. That’s okay. All the best, guys. Thanks.

Surbhi Jain

G. Please unmute yourself and proceed with your question.

Unidentified Participant

Yes. Thank you for the opportunity and congratulations on good set of numbers and on that Taal 64 story. Right? It was actually really good. Amazing to see three set of friends staying together for so long. Rarely we see such things happening in the business world. Now coming to my question, sir, in fact that story had mentioned about a logistics pair based out of Germany where the revenue land up from say 0 million to 10 million in about six years. Now if I just take that number, right, that’s like 100 crores. Like so I just want to understand like is that one client giving us 100 crores? How do you think about client concentration? Is that a risk? How should we think of it? If you can share some thoughts on that.

Avinash Sethi

So we had in the journey of intravenous, we had certain tenures where we had clients which are giving.

Unidentified Participant

Sir, I think the mic which you’re using, right. Maybe it needs to be near you or a little far away from you. I think that is the problem.

Avinash Sethi

Is it better?

Unidentified Participant

Far better. I think that is the issue.

Avinash Sethi

You should. So, you know, in the entire general municipal means, we had certain seven senses where a single client could have contributed over 30% or more. And you know, this time we’re actually happy that we have a client which is contributing close to 20% to the top line because this is a very large company. Plus we are dealing with almost any to nine entities of that large company. So we are, you know, one broad MSA is at a global level, but a lot of SWS at entity which, you know, spreads us fairly well in the organization.

And interestingly, we have the top five global vendors in that company list which again, you know, is a sign of strength rather than worry in my mind. Secondly, you know, as a company of our size, we will have a couple of such relationships to ride on. Now similarly, when you look at Salesforce and Servicenow, these are also strong relationships that we riding on. I mean not necessarily is a direct customer relationship, but is a partner in that ecosystem. So I think we are well diversified in terms of our industries, you know, in terms of our geographies. So there’s no sign of worry as such. But point well taken. We definitely want to not have more than 25 questions on single client. So we’re still well diversified and not put all our eyes into our costume. So yes, but we are fairly positioned at this point in time. We certainly want to increase our wallet share with that client further.

Unidentified Participant

Just, just to add on, is a revenue share primarily because of this one client or is it fairly well the revenue growth which I mean, no, it’s.

Avinash Sethi

A broad spectrum, not just. I mean this line is definitely one of the key factor but not there are many.

Unidentified Participant

Great. Thank you sir. And all the best.

Surbhi Jain

Thank you. So unfortunately we have a hard stop at 9:45 so we would be able to take this last question. So Mehul, you can come up with your follow up question. Please unmute yourself.

Unidentified Participant

Yeah, thank you so much for the opportunity again. So because you know the discussion which we were having in the first question, we could not complete it. So my perspective was that, you know, I was not trying to say that info pins and TCS will grow at the same pace. What I was trying to say is that what TCS used to do three years back, they have slowed down substantially while we have accelerated. So there’s a big divergence in what they are doing and I mean what our company is doing and how these giants are doing. So that’s my. And you know, I am not an IT guy so I am trying to understand are we doing something which is very, very niche and these guys are doing something which is very, very, you know, majority of their work is like substandard work. I mean, sorry to say that but yeah, I hope you got my question.

Siddharth Sethi

So Mehul, just to repeat, we don’t know what TCS is doing or not doing. So there is no way to compare whether they are doing good work or bad work. TCS has a huge track record so we are not comparing them. What we can say is as Mitesh pointed out earlier also we are putting tremendous efforts into AI, into optimization, into making sure that our future is secure. AI is one of those tools. The second tool is investment in people. One of the biggest reasons for the increase in cost is that we also want to take care of our people.

Our people are our only asset. There’s no other asset. So if we are taking care of our people, investing in AI, doing our job sincerely, properly, showing up in situations when we are required and we want to show up all of these factors, the entire effort, I think that shows in the results. We hope that we continue to do this, God willing, we will be able to do this. It is our best, best, best effort. This is what we do, you know, 24 hours a day. And if we are successful, great. If not, we’ll continue to put in our efforts. But obviously we cannot. I personally or this room cannot comment on what TCS or XYZ company is doing or not doing. So let’s not.

Unidentified Participant

Yeah. Thank you. No, no, I. I’ll stop here. So thank you. Last question. So what does investment in AI mean? You know, if you can. Because I’m a outsider from I T. So what does. Because, you know, AI is. Everybody talks about AI Even a paint company will talk about AI Even a logistics company will talk about. So what are we doing in AI?

Siddharth Sethi

So AI is touching every aspect of our life, from entertainment to healthcare to, you know, running a. Any small organization, to even figuring out what to cook today at home. So all of us are investing in AI on an individual basis or as a. As an enterprise. What we are doing, I think Mitesh threw some light on that. We are also, in addition to that, we’re also trying to improve our internal systems using AI, our hiring systems, our financial systems, our project tracking systems, all those things combined. So this is basically what I can say in terms of what we are doing on here. From a market point.

Avinash Sethi

No, no. So I think what I was trying to understand is what kind of efforts we are doing so that we can help our customers.

Unidentified Participant

Yeah, exactly. I mean. Yeah, yeah, yeah, that’s right. Yes.

Siddharth Sethi

That’s what Mitesh talked about.

Unidentified Participant

Okay, maybe I missed out. Yeah, sorry.

Mitesh Bohra

The sdd, the insane SDD that we launched, that’s a methodology to do engineering. And if we are able to cut down customer time, the deployment time, if you are able to cut down the defect, number of defects, all of these ultimately help our customers. One could look at all of this as, oh, so if you can achieve this in half the time or half the cost, your revenue should go down. But history has told us that once a certain level of productivity is reached, the amount of work actually increases. And that’s really what we are starting to see. So we continue to add such value to our customers work and in the process end up delivering a lot more value than what we have been in the past. Hope this helps you gain a little bit of a color to what we try.

Unidentified Participant

Yeah. Yeah. Thank you so much. Yeah, that answers my question.

Surbhi Jain

Everyone. Thank you.

Avinash Sethi

Thank you everyone.

operator

Thank you everyone. And now you may disconnect your line.

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