Financial Performance Summary

Q2 FY2027 Year-over-Year Performance (vs. Q2 FY2026):

  • Operating Revenue: ₹2,713.5 Mn vs. ₹1,793.3 Mn (+51% YoY; +43% YoY constant currency)
  • Adjusted EBITDA: ₹448.6 Mn vs. ₹220.8 Mn (+103% YoY)
  • PAT: ₹219.2 Mn vs. ₹2.9 Mn (+7,505% YoY)

Q2 FY2027 Quarter-over-Quarter Performance (vs. Q1 FY2027):

  • Operating Revenue: ₹2,713.5 Mn vs. ₹2,566.4 Mn (+6% QoQ; +5% QoQ constant currency)
  • Adjusted EBITDA: ₹448.6 Mn vs. ₹440.2 Mn (+2% QoQ)
  • PAT: ₹219.2 Mn vs. ₹(-)95.5 Mn

H1 FY2027 Year-over-Year Performance (vs. H1 FY2026):

  • Operating Revenue: ₹5,280.0 Mn vs. ₹3,592.2 Mn (+47% YoY; +38% YoY constant currency)
  • Adjusted EBITDA: ₹888.8 Mn vs. ₹410.6 Mn (+116% YoY)
  • PAT: ₹123.7 Mn vs. ₹10.3 Mn (+1,097% YoY)

Performance Drivers and Business Highlights

Revenue Growth Drivers:

  • Strong expansion across existing customers
  • Rising contributions from new annual contract value (ACV)
  • Inclusion of revenues from SessionM acquisition completed in May 2026
  • New ACV wins up 79% YoY on a trailing twelve-month basis (excluding an exceptional new contract value from healthcare vertical entry)

Strategic Developments:

  • SessionM acquisition performing as planned and has achieved breakeven
  • Integration plans for SessionM are on track
  • Completed first customer migration using AI-powered migration technology
  • First entry into healthcare vertical with exceptional new contract value

Technology and AI Focus:

  • Artificial Intelligence has become a major tailwind for the business
  • aiRA and broader AI capabilities underpinning key new ACV wins
  • AI-powered migration technology enabling faster and more efficient customer migrations to Capillary platform

Business Metrics:

  • Serves 152 customers across 55 countries
  • Strong momentum in Order book across geographies
  • Focus on sustainable organic growth and profitability
  • Scaling AI across platform, customer migrations, and operations

Adjusted EBITDA Definition:

EBITDA adjusted for ESOP cost, finance income, asset disposal profits, fair valuation, and foreign exchange gains

Company Business Description:

Capillary Technologies India Limited is a software product company offering artificial intelligence (AI)-powered cloud-native Software-as-a-Service (SaaS) products and solutions to large enterprise customers globally to develop loyalty of their consumers and channel partners. The company offers end-to-end loyalty solutions including:

  • Loyalty+ (advanced loyalty management platform)
  • Engage+ (connected engagement platform)
  • Insights+ (predictive analytics platform)
  • Rewards+ (rewards management platform)
  • Experience+ (gamified loyalty campaign solution)
  • CDP (customer data platform)