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Excelsoft Technologies Q2 FY27 results: net profit down 22.0% to ₹8.28 crore, revenue up 25.2%
Excelsoft Technologies Limited reported consolidated revenue of ₹80.90 crore in Q2 FY27, up 25.2% from Q2 FY26, while EBITDA fell 24.4% to ₹13.23 crore. Net profit declined 22.0% to ₹8.28 crore and basic EPS was ₹0.72. In H1 FY27, revenue rose 33.9% to ₹161.16 crore and net profit increased 6.2% to ₹17.50 crore.
Key points
- Consolidated Q2 FY27 revenue was ₹80.90 crore, up 25.2% from ₹64.61 crore in Q2 FY26 and 0.8% from ₹80.26 crore in Q1 FY27.
- EBITDA was ₹13.23 crore, down 24.4% from ₹17.51 crore a year earlier, while the margin fell 10.7 percentage points to 16.4%.
- Net profit was ₹8.28 crore, down 22.0% from ₹10.61 crore a year earlier and 10.3% from ₹9.23 crore in the previous quarter; basic EPS was ₹0.72.
- H1 FY27 revenue was ₹161.16 crore, up 33.9%, while net profit rose 6.2% to ₹17.50 crore and EPS was ₹1.52.
- Cash and cash equivalents were ₹112.31 crore as of 30 September 2026, against ₹64.87 crore as of 31 March 2026, with no borrowings.
How did Excelsoft Technologies perform in Q2 FY27?
Excelsoft Technologies reported consolidated revenue of ₹80.90 crore for Q2 FY27, up ₹16.29 crore or 25.2% from ₹64.61 crore in Q2 FY26 and ₹0.64 crore or 0.8% from ₹80.26 crore in Q1 FY27. EBITDA was ₹13.23 crore, down ₹4.28 crore or 24.4% year on year, while the EBITDA margin declined 10.7 percentage points to 16.4%.
Profit before tax was ₹11.17 crore, down ₹3.12 crore from ₹14.29 crore a year earlier and ₹0.66 crore from ₹11.83 crore in the previous quarter. Net profit stood at ₹8.28 crore, down ₹2.33 crore or 22.0% year on year and ₹0.95 crore or 10.3% sequentially; basic EPS was ₹0.72. On a standalone basis, revenue was ₹80.93 crore and profit after tax was ₹7.44 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 80.90 | 80.26 | 64.61 | +25.2% | +0.8% |
| Other income | 5.73 | 5.83 | 4.02 | +42.5% | −1.7% |
| Total expenses | 75.45 | 74.27 | 54.33 | +38.9% | +1.6% |
| EBITDA | 13.23 | 13.03 | 17.51 | −24.4% | +1.5% |
| EBITDA margin | 16.4% | 16.2% | 27.1% | −10.7 pp | +0.2 pp |
| Profit before tax | 11.17 | 11.83 | 14.29 | −21.8% | −5.6% |
| Tax | 2.90 | 2.60 | 3.68 | −21.2% | +11.5% |
| Net profit | 8.28 | 9.23 | 10.61 | −22.0% | −10.3% |
| EPS (₹) | 0.72 | 0.80 | 1.05 | −31.4% | −10.0% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Excelsoft Technologies' costs and profit?
Total expenses increased ₹21.12 crore or 38.9% year on year to ₹75.45 crore, exceeding the ₹18.01 crore rise in total income. Employee cost rose ₹9.77 crore or 29.0% to ₹43.51 crore, other expenses increased ₹10.80 crore or 80.8% to ₹24.16 crore, and depreciation was up ₹1.14 crore or 18.9% at ₹7.18 crore. Finance costs fell ₹0.59 crore or 49.6% to ₹0.60 crore.
Other income rose ₹1.71 crore or 42.5% to ₹5.73 crore. Tax expense fell ₹0.78 crore or 21.2% to ₹2.90 crore, while there was no exceptional item. The filing did not state the reasons for the rise in employee cost or other expenses.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 43.51 | 33.74 | +9.77 | +29.0% |
| Finance costs | 0.60 | 1.19 | −0.59 | −49.6% |
| Depreciation | 7.18 | 6.04 | +1.14 | +18.9% |
| Other expenses | 24.16 | 13.36 | +10.80 | +80.8% |
| Total expenses | 75.45 | 54.33 | +21.12 | +38.9% |
| Other income | 5.73 | 4.02 | +1.71 | +42.5% |
| Tax | 2.90 | 3.68 | −0.78 | −21.2% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, consolidated revenue was ₹161.16 crore, up ₹40.83 crore or 33.9% from ₹120.33 crore in H1 FY26. Total income rose ₹43.96 crore or 34.1% to ₹172.72 crore, while profit before tax increased ₹1.06 crore or 4.8% to ₹23.00 crore.
Profit after tax for the first half was ₹17.50 crore, up ₹1.02 crore or 6.2% from ₹16.48 crore, and EPS was ₹1.52, down from ₹1.65 in H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 161.16 | 120.33 | +33.9% |
| Profit before tax | 23 | 21.94 | +4.8% |
| Net profit | 17.50 | 16.48 | +6.2% |
| EPS (₹) | 1.52 | 1.65 | −7.9% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets increased to ₹694.45 crore as of 30 September 2026 from ₹678.22 crore as of 31 March 2026, and total equity rose to ₹595.25 crore from ₹578.33 crore. Cash and cash equivalents were ₹112.31 crore against ₹64.87 crore, while borrowings remained unchanged.
Trade receivables fell to ₹31.25 crore from ₹46.41 crore and trade payables declined to ₹12.33 crore from ₹18.84 crore. H1 FY27 operating cash flow was ₹34.66 crore against ₹6.13 crore in H1 FY26; investing cash flow was ₹15.11 crore against negative ₹9.96 crore, and financing cash flow was negative ₹2.33 crore against ₹7.79 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 694.45 | 678.22 |
| Total equity | 595.25 | 578.33 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 112.31 | 64.87 |
| Inventories | 0 | 0 |
| Trade receivables | 31.25 | 46.41 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 34.66 | 6.13 |
| Cash from investing | 15.11 | −9.96 |
| Cash from financing | −2.33 | 7.79 |
| Capital expenditure | 13.15 | 0.81 |
Source: Company's results filing (XBRL).
How has Excelsoft Technologies done over the last 5 quarters?
Revenue increased across the reported quarterly series, from ₹64.61 crore in Q2 FY26 to a peak of ₹81.16 crore in Q4 FY26, before easing to ₹80.26 crore in Q1 FY27 and ₹80.90 crore in Q2 FY27. The latest quarter therefore showed a modest rise from the immediately preceding quarter.
Net profit reached its high of ₹16.60 crore in Q4 FY26 and its low of ₹8.28 crore in Q2 FY27. EBITDA margin followed a similar pattern, rising to 30.3% in Q4 FY26, falling to 16.2% in Q1 FY27 and edging up to 16.4% in Q2 FY27.
Which businesses drove the quarter?
Educational technology services was the largest reported segment, with revenue of ₹49.14 crore, up 41.9% from ₹34.64 crore in Q2 FY26, and EBIT of ₹25.66 crore against ₹19.45 crore. Its EBIT margin was 52.2%.
Learning and student success solutions reported revenue of ₹9.22 crore, up 13.8% from ₹8.10 crore, and EBIT of ₹2.10 crore against ₹0.49 crore, with an EBIT margin of 22.8%. Learning design and content solutions recorded revenue of ₹4.35 crore, up 24.6% from ₹3.49 crore, and EBIT of ₹2.96 crore against ₹0.97 crore.
Assessment and proctoring solutions reported revenue of ₹18.19 crore, down 1.1% from ₹18.38 crore, and EBIT of ₹5.86 crore against ₹10.47 crore. Its EBIT margin was 32.2%.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Assessment and proctoring solutions | 18.19 | −1.1% | 5.86 | 32.2% |
| Educational technology services | 49.14 | +41.9% | 25.66 | 52.2% |
| Learning and student success solutions | 9.22 | +13.8% | 2.10 | 22.8% |
| Learning design and content solutions | 4.35 | +24.6% | 2.96 | 67.9% |
Source: Company's results filing (XBRL segment data).
How did other IT Enabled Services companies do?
Thirty other IT Enabled Services companies had filed results for the quarter as of 5 November 2026, with a median revenue growth of 22.5%. Of the 17 companies that grew more slowly than Excelsoft Technologies, 13 grew faster, while 20 of the 27 companies compared on profit reported higher profit.
| Excelsoft Technologies revenue growth (YoY) | +25.2% |
|---|---|
| Median of 30 other IT Enabled Services companies | +22.5% |
| Companies with slower revenue growth than Excelsoft Technologies | 17 of 30 |
| Companies with faster revenue growth than Excelsoft Technologies | 13 of 30 |
| Companies whose net profit rose | 20 of 27 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Excelsoft Technologies' revenue in Q2 FY27?
Revenue from operations was ₹80.90 crore, up 25.2% from ₹64.61 crore in Q2 FY26 (consolidated).
Did Excelsoft Technologies make a profit in Q2 FY27?
Yes. Net profit was ₹8.28 crore, against a net profit of ₹10.61 crore in Q2 FY26.
What was Excelsoft Technologies' EPS in Q2 FY27?
Basic earnings per share were ₹0.72, against ₹1.05 in Q2 FY26.
When did Excelsoft Technologies announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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