Excelsoft Technologies reported a strong revenue growth to Rs 80.90 crore for Q2 FY27, up from Rs 64.61 crore last year. While H1 net profit rose to Rs 17.50 crore, the quarterly profit declined to Rs 8.28 crore. The company also announced the incorporation of a Canadian subsidiary and detailed its ongoing utilization of IPO proceeds.
Excelsoft Technologies Reports Q2 FY27 Results
Revenue: Rs 80.90 crore (Q2 FY27) vs Rs 64.61 crore (Q2 FY26)
Net Profit: Rs 8.28 crore (Q2 FY27) vs Rs 10.61 crore (Q2 FY26)
Reader Takeaway: Revenue growth remains strong across segments, though quarterly profit margins faced pressure compared to the previous year.
What just happened
Excelsoft Technologies announced its financial results for the quarter and half-year ended September 30, 2026. The company achieved a notable rise in revenue for the half-year at Rs 161.16 crore, compared to Rs 120.33 crore in the same period last year. Quarterly revenue also improved to Rs 80.90 crore from Rs 64.61 crore. However, net profit for the September quarter slipped to Rs 8.28 crore from Rs 10.61 crore reported in the same period last year.
Why this matters
The growth in top-line revenue indicates strong demand for the company’s ed-tech and assessment services. The segment breakdown shows that educational technology services contributed the highest revenue of Rs 100.04 crore for the first half of the year. Investors are closely watching how the company balances its aggressive expansion plans against quarterly bottom-line fluctuations.
Corporate Developments
Excelsoft Technologies expanded its footprint by incorporating a wholly-owned subsidiary, Excelsoft Technologies Canada Ltd., on August 27, 2026. As of the end of the quarter, this entity has not yet commenced business operations.
IPO Proceeds Utilization
The company continues to deploy funds from its IPO. Out of a total projected utilization of Rs 164.89 crore, Rs 65.67 crore has been used as of September 30, 2026. Major investments include Rs 33.01 crore for land and building construction and Rs 17.69 crore for IT infrastructure upgrades, signaling focus on long-term capacity building.
Segment Performance (H1 FY27)
- Educational technology services: Rs 100.04 crore
- Assessment and proctoring solutions: Rs 37.07 crore
- Learning and student success solutions: Rs 16.64 crore
- Learning design and content solutions: Rs 7.42 crore