TAC Infosec reported a sharp jump in its consolidated net profit in the first half (H1) of the financial year 2024-25 (FY25).
Its profit zoomed 240% to INR 6.52 Cr in H1 FY25 from INR 1.92 Cr in the year-ago period.
The company saw its consolidated operating revenue zoom 162.4% to INR 13.15 Cr during the period under review from INR 5.01 Cr in H1 FY24.
SaaS cybersecurity startup TAC Infosec reported a sharp jump in its consolidated net profit in the first half (H1) of the financial year 2024-25 (FY25). Its profit zoomed 240% to INR 6.52 Cr in
H1 FY25 from INR 1.92 Cr in the year-ago period on the back of rise in revenue and improvement in margins.
It is pertinent to note that TAC Infosec’s numbers from the year-ago period are on a standalone basis as the company didn’t have a subsidiary then. Tac Security Inc., a wholly owned foreign subsidiary of TAC Infosec, became a subsidiary with effect from March 11 this year.
TAC Infosec had posted a net profit of INR 4.4 Cr in H2 FY24.
The startup, which listed on NSE Emerge earlier this year, saw its consolidated operating revenue zoom 162.4% to INR 13.15 Cr during the period under review from INR 5.01 Cr in H1 FY24.
Revenue rose 93.3% from INR 6.8 Cr in H2 FY24.
Total expenditure stood at INR 6.42 Cr during the period under review, up 114% from INR 3 Cr in the first half of FY24. Employee benefit expenses were the biggest contributor to the total expenditure, rising to INR 4.07 Cr from INR 2.14 Cr in H1 FY24.
TAC Infosec has been looking to acquire new companies and set up subsidiaries in different countries to further expand its business. In September, it acquired US-based cybersecurity firm CyberSandia to strengthen its presence in the region.
It also set up a subsidiary in the UAE to establish its presence in the Gulf Cooperation Council (GCC) region.
Last month, TAC Infosec CEO Trishneet Arora told Inc42 that the company plans to onboard 10,000 customers by March 2026.
“We aim to achieve this by helping companies of all sizes manage cyber risks through a single platform. If anything is aligned with our vision, we will be happy to explore it,” Arora said.
Founded in 2016 by Arora, the company offers risk-based vulnerability management and assessment solutions, and other SaaS cybersecurity solutions to enterprises and small businesses.
The company is currently mulling acquiring at least five companies in the coming future.
Notably, more than 50% of the company’s customers are based out of the US and the remaining are from other parts of the world.
The company listed on NSE’s SME platform on April 5. Its initial public offering (IPO) received an overwhelming response from investors, closing with a 392.5X oversubscription. Its shares have given big returns to investors since listing at INR 290.
TAC Infosec’s shares ended today’s trading session 0.77% higher at INR 749.
