Mysore, November 06th, 2026: Excelsoft Technologies Limited, a global provider of technology-based solutions for the learning and assessment market, announced its un-audited financial results for the second quarter and half year ended September 30, 2026.
Consolidated Financial Highlights
Q2 FY27:
· Revenue from Operations grew 25.22% year-on-year to ₹808.99 million in Q2 FY27, compared with ₹646.07 million in Q2 FY26.
· Total Income increased 26.24% year-on-year to ₹866.28 million, compared with ₹686.25 million in the corresponding quarter of the previous year.
· EBITDA stood at ₹132.28 million, with an EBITDA margin of 16.35%, compared with ₹188.20 million and a margin of 29.13% in Q2 FY26.
· Profit After Tax (PAT) stood at ₹82.75 million, compared with ₹106.12 million in the corresponding quarter last year.
H1 FY27:
· Revenue from Operations increased 33.94% year-on-year to ₹1,611.62 million, compared with ₹1,203.25 million in H1 FY26.
· Total Income rose 34.14% year-on-year to ₹1,727.25 million from ₹1,287.65 million.
· EBITDA stood at ₹262.59 million, compared with ₹288.61 million in H1 FY26, with an EBITDA margin of 16.29%.
· PAT increased 6.18% year-on-year to ₹175.03 million from ₹164.85 million in H1 FY26.
Operational & Strategic Highlights
· Continued Product Development and AI-led Innovation: The Company continued to advance the development of its proprietary products and technology platforms, with a focus on strengthening capabilities across the learning and assessment lifecycle. Its ongoing work includes AI-enabled solutions for item generation and validation, handwriting digitization, AI-assisted marking, proctoring and analytics, alongside offerings such as the AI-levate App Suite, Saras SchoolAI and Saras Assessments in-a-Box.
· Strong Momentum in Education Technology Services: Education Technology Services contributed ₹491.44 million, representing 60.75% of Q2 FY27 revenue, and recorded year-on-year growth of 41.90%. Revenue from services increased 53.90% year-on-year, reflecting continued traction across the Company's technology and platform services.
· Strengthening International Sales Capabilities: The Company is strengthening its overseas sales team to expand international market coverage, deepen customer engagement and enhance customer acquisition efforts across key geographies. This investment is aimed at building a stronger sales funnel and supporting the Company’s next phase of growth.
· Global Customer Engagement and Delivery Capabilities: The Company continued to strengthen its global delivery and customer engagement capabilities, with ongoing progress on key customer programs, including the implementation of its next-generation digital assessment platform for a leading UK awarding body.
· Strong Customer Relationships: The Company's top 5 customers contributed 74.94% of revenue, while the top 10 customers accounted for 84.76% in Q2 FY27. The average relationship tenure among the top 10 customers stood at approximately 11 years, reflecting the Company's established customer relationships.
· Strong Balance Sheet: Excelsoft maintained a debt-free balance sheet, with cash and bank balances of ₹4,070.64 million as of September 30, 2026.
Commenting on the Company’s performance, Mr. Dhananjaya Sudhanva, Managing Director, Excelsoft Technologies, said:
“Excelsoft delivered a healthy revenue performance in the first half of FY27, driven by continued momentum in Education Technology Services and sustained demand for our digital learning and assessment solutions. Our growth reflects deeper customer relationships, successful program execution and expanding opportunities across international markets.
During the quarter, profitability was impacted by higher employee costs, including the engagement of external consultants to support program delivery, along with investments in strengthening our global sales and leadership capabilities. These investments are strategic in nature and are expected to strengthen our capabilities and deliver benefits over the long term.
We continue to invest in technology, talent and international expansion to build capabilities for the next phase of growth. Our focus on AI-enabled assessment, digital learning and global market opportunities positions us to address the evolving needs of education institutions and assessment organizations.
Looking ahead, we remain focused on executing existing programs, improving operational efficiency and converting business opportunities into sustainable growth. We remain on track to deliver our committed top-line growth for FY27 and are confident in Excelsoft’s long-term growth prospects.”
