63 moons technologies limited has informed the Exchange about General Updates
63MOONS · price
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63 moons informed the exchange about an investor update received from its subsidiary 63SATS Cybertech Limited. The subsidiary achieved 24x revenue growth in FY26, scaling from ₹3.6 Crores to ₹87 Crores. Key highlights include 72 large enterprise clients, ₹54 Crores in IP product revenue (from CYBX AI CyberOps and CYBX Super App), and 18.87 lakh CYBX app downloads with 2.32 lakh paid subscribers. The company posted an EBITDA loss of ₹4 Crores but targets ₹350 Crore revenue and ₹40 Crore EBITDA for FY27. Management includes Lt Gen M. U. Nair (Retd.) as Chairman and Neehar Pathare as MD & CEO.
This is a positive development for 63 moons shareholders as the subsidiary demonstrates strong growth momentum and is transitioning from services to IP-led revenue. The ₹350 Crore FY27 target represents 4x growth, though execution risk remains given the current EBITDA loss.