3i Infotech Bags Rs 33.6 Crore UAE IT Order as FY26 EBITDA Surges 53% Year-on-Year

The Quick Take

• 3i Infotech's UAE subsidiary secured a Rs 33.6 crore professional services rebadging order from a leading UAE technology company
• The company reported 53.3% year-on-year EBITDA growth in FY26, its strongest performance in recent years
• Management has set a Rs 2,000 crore revenue target, with the Middle East positioned as a key growth geography

3i Infotech, a mid-cap Indian IT services company, has secured a Rs 33.6 crore professional services rebadging order through its UAE subsidiary from a leading UAE-based technology company, reinforcing the Middle East as a strategic growth region. The contract is a meaningful order win for a company of 3i Infotech's scale, adding to its UAE revenue base at a time when Indian IT companies are increasingly prioritising Gulf Cooperation Council markets as US and European demand faces pressure. The order follows the company's FY26 results, which showed EBITDA growth of 53.3% year-on-year — the strongest earnings growth the company has reported in several years.

The combination of an improving EBITDA trajectory and an expanding UAE footprint positions 3i Infotech as a beneficiary of two concurrent themes: India's IT services sector pivot toward Middle East markets, where digital transformation spending is accelerating ahead of regional economic diversification plans, and the broader recovery in mid-cap IT valuations. Management's Rs 2,000 crore revenue target implies significant scale-up from current revenue levels, with the UAE and broader Gulf region contracts representing a key growth vector. The rebadging model — absorbing the client's existing IT workforce under 3i Infotech's operational management — provides revenue visibility and client stickiness that pure project-based contracts do not.

Investors should monitor 3i Infotech's quarterly deal pipeline disclosures for additional Middle East and Gulf contracts, which will signal whether the UAE order represents a one-off win or the beginning of a sustained geographic expansion. The company's EBITDA margin trend will be the key efficiency indicator as it scales: maintaining 53% YoY EBITDA growth while absorbing new contract costs requires disciplined delivery and workforce management. Watch the Rs 2,000 crore revenue target timeline for any updates in FY27 guidance — management credibility on this target will determine whether institutional investors re-rate the stock at higher multiples.

Synthesized from 1 source.