TAC InfoSec Limited Achieves Profitable Scale with 88% Revenue Growth in FY26
TAC InfoSec Limited announced its financial results for the fiscal year ended March 31, 2026, highlighting a period of profitable scale and operational strength across its global cybersecurity offerings. The company reported significant top-line growth while maintaining stable profitability margins, demonstrating strong operating leverage.Financial Performance Overview
For the fiscal year 2025-2026, the company reported an Operating Revenue of INR 57.26 Cr, marking an 88% year-over-year (YoY) increase. This growth was mirrored in key profitability metrics, which showed robust performance despite changes in the tax structure.The core financial figures comparing FY25 and FY26 are detailed in the following table:
| Metric | FY25 | FY26 | Growth |
|---|---|---|---|
| Total Revenue | 30.50 | 57.26 | 88% |
| Total Expense | 16.41 | 29.35 | 79% |
| EBITDA | 17.03 | 30.75 | 81% |
| PAT | 14.83 | 26.35 | 78% |
| EBITDA Margin | 53.3% | 53.8% | Maintained |
| PAT Margin | 46.0% | 46.1% | Maintained |
EBITDA saw an increase of 81% YoY, reaching INR 30.75 Cr, while Profit After Tax (PAT) grew by 78% YoY, totaling INR 26.35 Cr. The company noted that the maintenance of the PAT margin at 46.1% in FY26 was particularly strong, occurring after the end of a tax holiday and the actual payment of taxes during the period.
Core Operations Drive Profitability
Management emphasized that the revenue and profit growth were driven by core operations, confirming that the business model scales like a platform rather than a manpower-heavy services company.While other income was INR (0.08) Cr, representing approximately -0.1% of total income, the bulk of the FY26 income stemmed from the company's core services. This reinforces the finding that profitability is operationally led and not dependent on non-operating gains or treasury assets.
Strategic Milestones and Platform Evolution
The company outlined its progress, illustrating the bridge from its stated goals in 2025 to its measurable delivery in 2026, all aimed at realizing a larger vision by 2030.| 2025 Promise | 2026 Delivery | 2030 Bold Vision |
|---|---|---|
| Delivered 10,000+ Clients Across TAC And Cyberscope; Footprint Expanded Across 100+ Countries | Client Scale Becomes The Base For Renewals, Cross-sell, Bundling And The Path Toward $100M ARR | Reach 10,000+ Clients And Build Distribution At Global Scale |
| High Growth Can Coexist With High Profitability; FY26 Operating Revenue Up 88% To INR 57.26 Cr; Margin 53.8%; PAT Margin 46.1% After Tax | EBITDA Normalization Validates That TAC Can Scale Like A Platform Business, Not Manpower-heavy Services Company | Prove That A |
| Build Multiple Growth Engines Beyond Core Vulnerability Management | Socify.ai Reached 100+ Customers; Cyberscope Integrated Into The ESOF Ecosystem; Cybersandia Strengthened U.S. Relevance Shows TAC Is Evolving Into A Multi-engine Cybersecurity Platform With Recurring Monetization Layers |
The strategic focus for FY27 is projected to shift towards monetization, concentrating on renewals, ARR expansion, and cross-selling efforts across the ESOF AppSec Upgrades and Socify.ai-led Compliance segments.
Global Benchmark Context
The company provided a comparative view against other global industry peers, demonstrating its standing in the market.| Company | Fiscal Year | Key Performance Indicators |
|---|---|---|
| Fortinet | FY25 | Revenue grew 14%; GAAP Operating Margin 31%; Non-GAAP Operating Margin 35%. |
| Qualys | FY25 | Revenue grew 10%; Adjusted EBITDA Margin 47%; GAAP Net Income Margin 30%. |
| Check Point | FY25 | Q4 Non-GAAP Operating Income represented 41% of revenues; Full-year Revenue grew 6%. |
| Zscaler | FY25 | FY25 Non-GAAP Operating Income was 22% of Revenue; GAAP Operating Loss was 5% of Revenue. |
| Palo Alto Networks | FY25 / FY26 Outlook | FY25 Revenue grew 15%; FY26 Non-GAAP Operating Margin Guidance 29.2%-29.7%. |
The financial results for FY26 solidify TAC's position, showcasing high growth combined with a robust and sustainable margin profile, positioning the company among the world's most profitable cybersecurity firms.
TAC Stock Price Movement
As of 11:43 AM, shares of TAC Infosec Limited are shedding 4.99% in live trading, currently trading at ₹483.2. The stock sees a volume of 46,800 shares traded so far today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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