Just weeks after proudly ringing the NSE Emerge bell, Virtual Galaxy Infotech decided to do what SME tech companies love doing—drop blockbuster margins and say, “Trust us, H2 will be bigger.” The management sounded confident, bordering on cinematic, casually throwing around words like AI-first, Africa is virgin, and we replaced Infosys.
Revenue surged, profits followed obediently, and shareholder funds exploded 155% post-IPO. But cash flows? Still doing yoga stretches. Analysts applauded, questioned, and occasionally poked at intangible assets like suspicious aunties at a wedding buffet.
If you think this is just another small IT company selling buzzwords, keep reading. The real masala comes later—capitalized salaries, AI dreams, cooperative banks, and a CFO who really doesn’t like committing numbers on record.
Read on. It gets… interesting.
2. At a Glance
Revenue ₹86.1 Cr (+20%) – Growth arrived on time, unlike government payments.
EBITDA ₹38.8 Cr (45%) – Margins so fat even Infosys might raise an eyebrow.
PAT ₹22 Cr (+15%) – Profits growing, but not showing off.
SaaS Revenue 42% – Recurring income doing the adulting.
