1. Opening Hook
Just when IT services was busy crying about slowdown and client cuts, TAC Infosec casually pulled off a 137% revenue jump—like a start-up hopped up on espresso and ambition. The CEO spent half the call reminding investors he told them so. And honestly, fair.
In theQuran, it’s written:“And that man can have nothing but what he strives for.”Clearly somebody at TAC is over-striving.
Read on—this thing gets more dramatic than a Bigg Boss Weekend Ka Vaar. 😏
2. At a Glance
- Revenue up 137%– CFO claims it’s not magic, just AI + hustle.
- PAT up 138.5%– Profit didn’t grow; it evolved Pokémon-style.
- EBITDA Margin 63.4%– Even SaaS unicorns asked for the secret recipe.
- Gross Margin 51.3%– ESOP cost? Tax rebate gone? Still flexing.
- 7500 clients– CEO wants 10,000 by 2026; investors sweating already.
- Socify pricing jumped from $2700 to $4500– Inflation, but make it SaaS.
3. Management’s Key Commentary
“We overachieved both revenue and profit targets.”(Translation: Targets are just cute suggestions.)
“ESOF and Cyberscope innovations are paying fruits.”(Translation: Five years of R&D finally stopped burning cash 🔥.)
“No cybersecurity or IT company globally has our margins.”(Translation: Please clap.)
“Socify demand is huge, so we increased pricing.”(Translation: Too many customers showed up—raise the rent!)
“Cyberscope IPO filing completed; SEC shutdown won’t delay us.”(Translation: Even the US govt can’t slow our vibe.)
“We’re not a services company, 100% product company.”(Translation: Don’t insult us by comparing to IT outsourcing.)
“Cybersecurity should be affordable for all—like Jio.”(Translation: ARPU low today, cross-sell high tomorrow.)
“H2 will not just maintain; we’ll overachieve the growth.”(Translation: Manifestation as a business strategy.)
4. Numbers Decoded
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Metric H1 FY26 H1 FY25
-----------------------------------------------------------------
Total Income (₹ Cr) 30.6 13.1
Growth (%) 137% ---
PAT (₹ Cr) 15.5 6.5
PAT Growth (%) 138.5% ---
EBITDA Margin (%) 63.4% 53.1%
Gross Margin (%) 51.3% 49.6%
Clients 7500 ~5000+
Revenue/Client ($) 1682 1200
------------------------------------------------------------------ Revenue doubled; margins expanded; physics offended.
- Per-client revenue up 36%—cross-sell working overtime.
- Already hit last year’s full revenue insix months—because why not.
5. Analyst Questions
Q: Will Socify alone deliver ₹250+ crore soon?A: “Pricing is now $4500. Could take 12–24 months. Chill.”(Translation: We’ll tell you when we know.)
Q: Why did standalone revenue look weak?A: “Internal entity shuffle + government contract timing.”(Translation: Accounting gymnastics, not business slowdown.)
Q: What about Cyberscope IPO size?A: “Confidential.”(Translation: NDA + SEC + vibes.)
Q: Can such margins really sustain?”A: “We don’t maintain; we overachieve.”(Translation: Confidence level = ‘Main Hoon Na’.)
6. Guidance & Outlook
H2 FY26 expectations:
- Repeat or exceed H1 growth, because apparently gravity doesn’t apply.
- Cyberscope
