InfoBeans Technologies Limited — Earnings Release 2021

Oct 29, 2021

Date: 29/10/2021

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To,

The Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No - C/1, G- Block, Bandra- Kurla Complex, Bandra (East), Mumbai- 400051

Sub: Press Release

NSE Scrip ID: INFOBEAN

Dear Sir/ Madam,

Please find attached press release announcing the results of the Second Quarter and half year ended on 30[th] September, 2021

You are requested to please take the same in your record .

Thanking you, Yours faithfully

For InfoBeans Technologies Limited

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Surbhi Jain

Company Secretary and Compliance Officer

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InfoBeans Posts Q2 results

InfoBeans Technologies Limited (NSE:infobean), fast-growing IT Services Company from Central India, announced its audited financial results for the quarter ended September 2021.

Here are the major highlights of InfoBeans FY 2021-2022 Q2 results:

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Key highlights of the last quarter

M&A update - InfoBeans also announced signing of a Definitive Agreement with Eternus Solutions Pvt, Salesforce implementation partner company to acquire 100% equity stake.

Rising Revenue: The total revenue at INR 65 crores grew by 53.2% YoY from INR 42 crores reported in Sep 2020. In comparison with last quarter revenue of 55 Crores it has increased by 17.5 %.

Increased EBITDA : The EBITDA increased by 96.3 % YoY from INR 8 Crores to INR 17 Crores and if compared with last quarter EBITDA of 16 Crores it has increased by 4 %.

PAT: Profit after tax increased by 147% YoY from INR 5 crores to INR 12 crores. In comparison with the last quarter PAT has increased by 10%.

Client wins: 5 new clients were added in the last quarter.

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About InfoBeans

InfoBeans, founded in 2000 and now a team of 1000+ strong, is a publicly listed Digital Transformation and Product Engineering outfit. We design, build and sustain enterprise-grade software to fulfill our clients’ most ambitious business aspirations or resolve their most complex business problems using cutting-edge technology. We strive to deliver value accretive services to our clients over a long period of time as an extension of their own team. We intently focus on the philosophy that InfoBeans is our team’s second home across our offices in the USA, Europe, and Asia, and work hard every day to grow a work culture that fosters collaboration and excellence. Creating WOW! is not just a tagline for us, it’s our religion!

Investor Relations Contact

Surbhi Jain

investor.relations@infobeans.com