Investor Presentation of Financial Results for the quarter and year ended March 31, 2026.
CAPILLARY · price
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Capillary Technologies reported strong FY26 results with revenue of Rs 7,346 Mn (23% YoY growth) and Adjusted EBITDA of Rs 1,069 Mn (43% YoY), marking the second consecutive year of EBITDA growth. Q4 FY26 revenue was Rs 1,913.5 Mn with EBITDA margin expanding to 19%. The company achieved an industry-leading Net Revenue Retention (NRR) of 110% overall with 114% organic NRR, driven by platform usage expansion, upsells, and geographic expansion. Annual Recurring Revenue (ARR) reached Rs 7,654 Mn. The company signed a landmark 5-year, $20M+ deal with a US Fortune 50 retailer in March 2026 and closed the SessionM acquisition on May 1, adding $35Mn ARR and 40+ logos including 5 Fortune 500 customers. Subscription gross margins improved to 67% from 66%, reflecting NRR-linked profitability expansion. Cash position remains robust at Rs 5,069.9 Mn with operating cash flow conversion at 140% of EBITDA.
The company demonstrates improving unit economics with EBITDA margins expanding and strong cash generation. The multi-year Fortune 500 customer win and recent SessionM acquisition provide solid revenue visibility. Shareholders can expect continued margin improvement as acquired customers migrate to the higher-margin Capillary platform and NRR-linked expansion continues.