Excelsoft Technologies Q3 FY26 results: net profit ₹10.30 crore

How did Excelsoft Technologies perform in Q3 FY26?

Excelsoft Technologies reported consolidated revenue of ₹71.03 crore in Q3 FY26, compared with ₹64.61 crore in Q2 FY26. EBITDA was ₹19.67 crore, up from ₹17.51 crore, and the EBITDA margin widened to 27.7% from 27.1%. Total income rose to ₹75.68 crore from ₹68.62 crore, while total expenses increased to ₹58.27 crore from ₹54.33 crore.

Profit before tax was ₹13.34 crore, compared with ₹14.29 crore in Q2 FY26, and net profit was ₹10.30 crore compared with ₹10.61 crore. Basic EPS was ₹0.98, compared with ₹1.05. The quarter included a ₹4.07 crore exceptional charge; no year-ago consolidated quarter figures were provided for comparison. On a standalone basis, revenue was ₹71.33 crore and net profit was ₹11.03 crore.

For the first nine months of FY26, consolidated revenue was ₹191.36 crore, total income was ₹204.44 crore, profit before tax was ₹35.28 crore, net profit was ₹26.78 crore and EPS was ₹2.62.

Which businesses drove the quarter?

Educational technology services was the largest reported segment, with revenue of ₹46.65 crore and EBIT of ₹29.55 crore in Q3 FY26. Its EBIT margin was 63.3%. The filing excerpts did not provide year-ago segment figures or growth rates for comparison.

Assessment and proctoring solutions reported revenue of ₹14.96 crore, EBIT of ₹5.53 crore and an EBIT margin of 37.0%. Learning and student success solutions reported revenue of ₹6.86 crore, an EBIT loss of ₹0.08 crore and an EBIT margin of -1.1%. Learning design and content solutions reported revenue of ₹2.57 crore, EBIT of ₹0.28 crore and an EBIT margin of 10.8%. Year-ago comparison figures for the segments were not provided in the excerpts.

What else did the company announce?

The board approved the un-audited standalone and consolidated financial results for the quarter ended 31 December 2025, along with limited review reports. The same-day filings did not disclose a dividend or a fund raise.

The board also approved changes in senior management designations. These included revised designations for senior managers and the appointment of Mr. S.M. Adithya Jain as Company Secretary, Chief Compliance Officer and Chief Investor Relations Officer, effective from the commencement of business hours on 2 March 2026. Mr. Venkatesh Dayananda resigned as Company Secretary and Compliance Officer and would be relieved from duties with effect from the close of business hours on 27 February 2026; the filing stated that he was leaving to pursue an alternate career outside the organisation.

What did Excelsoft Technologies' management say?

Management said Q4 is historically the heaviest quarter, accounting for upwards of 30% of full-year revenue, and that it expected the trend to continue in FY26. Management also said Q4 EBITDA margins are historically the highest, saw no reason for that trend to break in FY26, and said the Q3 one-off M&A diligence expense of ₹2.9 crore should not recur materially in Q4. It declined to provide quantitative guidance on revenue, growth rate, margins or order book because the guidance policy was under review.

Chairman and Managing Director Dhananjaya Sudhanva said, “The kind of headwinds you see in IT services area due to AI, we do not see in our area because of the niche nature of our business. We are not seeing any headwinds.” He also said the assessment platform used a secure data-centre approach and met required standards. Head of Strategy Prashanth H M said, “If you add that back into the EBITDA, the EBITDA margin would be 32%, which is in line with the previous period. So, what you see as 27%… actually is 32% if you factor in the one-off expenses towards that.”

How did Excelsoft Technologies shares react?

The filing was released after market hours. The stock fell 2.4% in the first five minutes, 1.9% after 15 minutes and 2.3% after 30 minutes from the price when the filing appeared. On the reaction day, it closed up 7.8% from the pre-results close of ₹75.72.

By the next day's close, the stock was up 13.6% from its pre-results close, and by the fifth session it was up 12.3%. The IT Enabled Services industry median was up 0.9% on the reaction day, up 1.5% by the next close and down 3.5% by the fifth session. Excelsoft’s moves were 6.8 percentage points, 12.1 percentage points and 15.7 percentage points above the industry median, respectively. On the earlier results date of 12 December 2025, the reaction-day move was -0.8%.

How did other IT Enabled Services companies do?

A total of 58 other IT Enabled Services companies were compared for the quarter, with a median revenue growth of 17.4%. Of the 64 peers for which profit was compared, 35 reported higher profit.

The peer data does not state how many of the 58 companies grew slower or faster than Excelsoft Technologies, so those counts cannot be stated.