Cybersecurity solutions provider TAC Infosec, which debuted on NSE Emerge on April 5, on Monday posted a 23.63 per cent jump in its net profit to Rs 6.33 crore in FY24, compared with Rs 5.12 crore a year ago. Its operational income increased 16.09 per cent to Rs 11.61 crore in FY24, up from Rs 10 crore in FY23.
TAC Infosec registered an EBIDTA of Rs 6.53 crore in FY24 – up 19.6 per cent as compared to Rs 5.46 crore in FY23. TAC’s net profit rose to Rs 6.33 crore in FY24, reflecting a robust increase of 23.63 per cent compared to Rs 5.12 crore in FY23.
For the H2FY24, the company’s operational income rose 31.2 per cent to Rs 6.60 crore, while net profit stood at Rs 4.40 crore – up 128.2 per cent over H1FY24. The EBIDTA for H2FY24 improved by 122.1 per cent to Rs 466.22 crore over H1FY24.
The growth was primarily on account of new clients and better efficiencies in operations.
Trishneet Arora, founder and CEO of TAC Infosec, said, “We are delighted with our robust financial performance for the year, which reflects our strong market position and the growing demand for our cybersecurity solutions. The significant increase in net profit and operational income underscores our commitment to delivering exceptional value to our stakeholders.”
TAC Infosec debuted on NSE Emerge on April 5, 2024, with a 174 per cent premium over the offer price. Backed by stock market expert Vijay Kedia, the company raised 29.99 crore through its IPO and received bids exceeding $1 billion, resulting in an oversubscription of 422 times.
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