InfoBeans Technologies shares rise 3% on AI deal with Canada's leading standards organisation

InfoBeans Technologies shares have fallen over 30 percent in the last three months and about 50 percent in the last three years.

Shares of InfoBeans Technologies rose over 3 percent to Rs 318 in the afternoon trade on March 13 after the company announced a partnership with a leading Canadian standards organization to implement AI-driven solutions.

The company said the collaboration aims to reduce service delivery times, streamline processes, and improve operational efficiency using artificial intelligence. While it did not name the client, InfoBeans described it as one of Canada’s most prominent standards-developing bodies.

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InfoBeans, which provides enterprise software and AI solutions, said the deal strengthens its position as a key player in AI-driven transformation. The company has expanded its presence across the US, Europe, and the Middle East.

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InfoBeans Tech reported a strong set of earnings for the December quarter. The company's net profit jumped 58.76 percent year-on-year to Rs 7.97 crore, driven by higher revenue and improved margins. Net sales grew 20 percent to Rs 68.37 crore, while EBITDA rose 42 percent to Rs 13.11 crore. Earnings per share (EPS) increased to Rs 3.27 from Rs 2.06 a year ago, its exchange filing stated.

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At about 2:50 pm, shares of the company were trading at Rs 315, higher by 2.6 percent from the last closing price of Rs 307 per share on the National Stock Exchange. InfoBeans Technologies shares have fallen over 30 percent in the last three months and about 50 percent in the last three years.

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