IntraSoft Technologies Limited

Consolidated Financial Performance (FY26)

Income Statement Highlights:

  • Total Income: ₹53,433.33 lakhs for FY26
  • Expenses: ₹51,927.34 lakhs including:
  • Cost of goods sold: ₹34,247.66 lakhs
  • Employee benefit expenses: ₹6,197.70 lakhs
  • Depreciation and amortization: ₹684.20 lakhs
  • Profit before tax: ₹1,534.27 lakhs
  • Tax expense: ₹153.42 lakhs (Current tax: ₹50.68 lakhs, Deferred tax: ₹150.63 lakhs)
  • Net profit for the period: ₹314.93 lakhs
  • Other Comprehensive Income: ₹997.72 lakhs (net of tax)
  • Total Comprehensive Income: ₹1,312.65 lakhs

Balance Sheet Position (as at March 31, 2026):

  • Total Assets: ₹32,314.69 lakhs
  • Non-current assets: ₹30,026.12 lakhs (including Property, plant and equipment: ₹1,166.75 lakhs, Other intangible assets under development: ₹27,232.18 lakhs)
  • Current assets: ₹2,288.57 lakhs (including Inventories: ₹1,229.43 lakhs, Cash and cash equivalents: ₹255.60 lakhs)
  • Equity: ₹26,631.12 lakhs
  • Equity share capital: ₹1,631.17 lakhs (face value of ₹10 each, fully paid up)
  • Other equity: ₹24,999.95 lakhs
  • Liabilities: ₹5,683.57 lakhs
  • Non-current liabilities: ₹3,634.23 lakhs
  • Current liabilities: ₹2,049.34 lakhs

Cash Flow Statement (FY26):

  • Net cash generated from operating activities: ₹1,896.66 lakhs
  • Net cash used in investing activities: ₹(3,976.06) lakhs
  • Net cash used in financing activities: ₹(120.47) lakhs
  • Net decrease in cash and cash equivalents: ₹(2,751.89) lakhs

Subsidiary Composition

The Group comprises the parent company and five subsidiaries:

1. 123Greetings.com, Inc. (Wholly owned Subsidiary)

2. One Two Three Greetings (India) Pvt. Ltd. (Wholly owned Subsidiary)

3. Intrasoft Ventures Pte. Ltd. (Wholly owned Subsidiary)

4. 123Stores, Inc. (Step down subsidiary)

5. 123Stores Ecommerce Pvt. Ltd. (Step down subsidiary)

Audit Qualifications and Scope

K. N. Gutgutia & Co., Chartered Accountants (Firm Registration Number 304153E) issued unmodified audit opinions on both consolidated and standalone financial results. The audit relied on:

  • Reports of other auditors for one step-down subsidiary with total assets of ₹102.85 lakhs
  • Conversion adjustments for foreign subsidiaries (total assets: ₹43,518.90 lakhs) located outside India

Standalone Financial Performance (FY26)

  • Total Income: ₹1,367.00 lakhs
  • Profit before tax: ₹252.53 lakhs
  • Net profit for the period: ₹89.77 lakhs
  • Total Comprehensive Income: ₹92.88 lakhs
  • Total Assets: ₹16,469.16 lakhs
  • Equity: ₹14,009.49 lakhs

Key Notes and Accounting Policies

1. Results prepared in accordance with Indian Accounting Standards (Ind-AS) prescribed under Section 133 of Companies Act, 2013

2. Figures for quarter ended March 31, 2026, are balancing figures between audited full year and unaudited nine-month figures

3. The Group operates in a single business segment of Internet-based delivery of products and services

4. Deferred tax includes reversal of MAT Credit Entitlement for FY2010-11 utilized/lapsed amounting to ₹111.98 lakhs

5. Implementation of New Labour Code effective from November 21, 2025, assessed as not material

6. Previous period figures have been re-grouped/re-classified where necessary