Financial Results - Standalone (₹ in lakh, except per share data)

Income Statement Highlights:

  • Revenue from Operations: ₹575.02 lakh (compared to ₹559.84 lakh in H1 FY26)
  • Other Income: ₹6.39 lakh (compared to ₹61.53 lakh in H1 FY26)
  • Total Income: ₹581.41 lakh (compared to ₹621.37 lakh in H1 FY26)
  • Employee Benefit Expense: ₹56.07 lakh (compared to ₹88.55 lakh in H1 FY26)
  • Depreciation and Amortization: ₹32.74 lakh (compared to ₹28.92 lakh in H1 FY26)
  • Other Expenses: ₹75.99 lakh (compared to ₹95.22 lakh in H1 FY26)
  • Profit Before Tax: ₹416.61 lakh (compared to ₹408.68 lakh in H1 FY26)
  • Tax Expense: ₹100.26 lakh (compared to ₹108.23 lakh in H1 FY26)
  • Net Profit: ₹316.35 lakh (compared to ₹300.45 lakh in H1 FY26)
  • Basic EPS: ₹3.03 (compared to ₹2.88 in H1 FY26)
  • Diluted EPS: ₹3.03 (compared to ₹2.88 in H1 FY26)

Balance Sheet Highlights (as of September 30, 2026):

  • Share Capital: ₹1,044.16 lakh (unchanged)
  • Reserves and Surplus: ₹2,803.54 lakh (compared to ₹2,487.19 lakh as of March 31, 2026)
  • Trade Payables: ₹45.91 lakh (compared to ₹19.29 lakh as of March 31, 2026)
  • Property, Plant and Equipment: ₹104.26 lakh (compared to ₹136.83 lakh as of March 31, 2026)
  • Intangible Assets under Development: ₹1,439.43 lakh (compared to ₹1,149.97 lakh as of March 31, 2026)
  • Non-current Investments: ₹1,223.98 lakh (compared to ₹0.50 lakh as of March 31, 2026)
  • Cash and Cash Equivalents: ₹579.35 lakh (compared to ₹925.87 lakh as of March 31, 2026)

Cash Flow Statement Highlights:

  • Cash Flow from Operating Activities: ₹127.64 lakh
  • Cash Flow from Investing Activities: (₹474.16) lakh
  • Cash Flow from Financing Activities: ₹0.00 lakh
  • Net Change in Cash: (₹346.52) lakh

Financial Results - Consolidated (₹ in lakh, except per share data)

Income Statement Highlights:

  • Revenue from Operations: ₹730.02 lakh (compared to ₹578.44 lakh in H1 FY26)
  • Other Income: ₹16.19 lakh (compared to ₹24.82 lakh in H1 FY26)
  • Total Income: ₹746.21 lakh (compared to ₹603.26 lakh in H1 FY26)
  • Employee Benefit Expense: ₹94.38 lakh (compared to ₹100.37 lakh in H1 FY26)
  • Depreciation and Amortization: ₹78.94 lakh (compared to ₹49.87 lakh in H1 FY26)
  • Other Expenses: ₹240.74 lakh (compared to ₹125.29 lakh in H1 FY26)
  • Profit Before Tax: ₹332.14 lakh (compared to ₹327.42 lakh in H1 FY26)
  • Tax Expense: ₹100.26 lakh (compared to ₹108.23 lakh in H1 FY26)
  • Net Profit: ₹261.09 lakh (compared to ₹259.81 lakh in H1 FY26)
  • Basic EPS: ₹2.50 (compared to ₹2.49 in H1 FY26)
  • Diluted EPS: ₹2.50 (compared to ₹2.49 in H1 FY26)
  • Minority Interest: (₹29.21) lakh

Balance Sheet Highlights (as of September 30, 2026):

  • Share Capital: ₹1,044.16 lakh (unchanged)
  • Reserves and Surplus: ₹2,636.30 lakh (compared to ₹2,375.24 lakh as of March 31, 2026)
  • Minority Interest: (₹84.25) lakh (compared to (₹155.06) lakh as of March 31, 2026)
  • Long-term Borrowings: ₹95.14 lakh (compared to ₹11.15 lakh as of March 31, 2026)
  • Intangible Assets: ₹1,177.40 lakh (compared to ₹815.29 lakh as of March 31, 2026)
  • Intangible Assets under Development: ₹1,439.43 lakh (compared to ₹1,149.97 lakh as of March 31, 2026)
  • Cash and Cash Equivalents: ₹640.44 lakh (compared to ₹929.99 lakh as of March 31, 2026)

IPO Proceeds Utilization

The company's statutory auditor, A.K. Ostwal & Co., certified that as of September 30, 2026, Identixweb Limited has utilized ₹1,492.90 lakh out of the ₹1,663.20 lakh raised through its IPO. The utilization is in line with the objects stated in the prospectus dated March 28, 2025, with no deviations or variations reported.

Breakdown of IPO Proceeds Utilization:

  • Investment in marketing to support growth plans: ₹79.70 lakh utilized out of ₹250.00 lakh allocated (₹170.30 lakh unutilized)
  • Investment into market research and product development through talent hiring: ₹420.00 lakh utilized (fully utilized)
  • Investment in subsidiary Munim ERP Private Limited for product development: ₹415.80 lakh utilized (fully utilized)
  • General corporate purposes: ₹395.98 lakh utilized (fully utilized)
  • Public issue expenses: ₹181.42 lakh utilized (fully utilized)

Regulatory Compliance and Notes

The financial results were prepared in accordance with Accounting Standards prescribed under the Companies Act, 2013 and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has only one reportable segment - IT and IT enabled services. The consolidated results include Munim ERP Private Limited but exclude Identixweb LLC as investment is yet to be remitted and no operations have commenced. There were no investor complaints pending as of September 30, 2026.

Limited Review Reports

A.K. Ostwal & Co. issued limited review reports for both standalone and consolidated financial results, stating that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.