Consolidated Financial Highlights - Q2 FY27

  • Revenue from Operations: ₹808.99 million, representing 25.22% year-on-year growth compared to ₹646.07 million in Q2 FY26
  • Total Income: ₹866.28 million, representing 26.24% year-on-year growth compared to ₹686.25 million in Q2 FY26
  • EBITDA: ₹132.28 million with EBITDA margin of 16.35%, compared to ₹188.20 million and 29.13% margin in Q2 FY26
  • Profit After Tax (PAT): ₹82.75 million, compared to ₹106.12 million in the corresponding quarter last year

Consolidated Financial Highlights - H1 FY27

  • Revenue from Operations: ₹1,611.62 million, representing 33.94% year-on-year growth compared to ₹1,203.25 million in H1 FY26
  • Total Income: ₹1,727.25 million, representing 34.14% year-on-year growth compared to ₹1,287.65 million in H1 FY26
  • EBITDA: ₹262.59 million with EBITDA margin of 16.29%, compared to ₹288.61 million in H1 FY26
  • Profit After Tax (PAT): ₹175.03 million, representing 6.18% year-on-year growth compared to ₹164.85 million in H1 FY26

Operational & Strategic Highlights

  • Continued Product Development and AI-led Innovation: Advanced development of proprietary products and technology platforms with focus on AI-enabled solutions including item generation and validation, handwriting digitization, AI-assisted marking, proctoring and analytics, AI-levate App Suite, Saras SchoolAI and Saras Assessments in-a-Box
  • Education Technology Services: Contributed ₹491.44 million (60.75% of Q2 FY27 revenue) with year-on-year growth of 41.90%. Services revenue increased 53.90% year-on-year
  • International Expansion: Strengthening overseas sales team to expand international market coverage, deepen customer engagement and enhance customer acquisition across key geographies
  • Global Delivery Capabilities: Ongoing progress on key customer programs including implementation of next-generation digital assessment platform for a leading UK awarding body
  • Customer Concentration: Top 5 customers contributed 74.94% of revenue; top 10 customers accounted for 84.76% in Q2 FY27. Average relationship tenure among top 10 customers approximately 11 years
  • Balance Sheet: Maintained debt-free status with cash and bank balances of ₹4,070.64 million as of September 30, 2026

Management Commentary

Mr. Dhananjaya Sudhanva, Managing Director, commented that:

  • Revenue performance driven by continued momentum in Education Technology Services and sustained demand for digital learning and assessment solutions
  • Profitability impacted by higher employee costs including engagement of external consultants for program delivery, and investments in strengthening global sales and leadership capabilities
  • These investments are strategic and expected to strengthen capabilities and deliver long-term benefits
  • Company remains focused on executing existing programs, improving operational efficiency and converting business opportunities
  • Company remains on track to deliver committed topline growth for FY27

Additional Information

The information is available on the company website at https://www.excelsoftcorp.com/investors/

For investor relations queries, contact Mr. S M Adithya Jain (Company Secretary, Chief Compliance Officer and Chief Investor Relations Officer) or AdfactorsPR (Yash Sanghavi/Tejpal Singh)