Capillary Technologies approves FY26 results; revenue up 23% to Rs 7,436 mn
- Capillary Technologies approved FY26 audited standalone and consolidated financials at its 14th AGM
- Revenue grew 23% YoY to Rs 7,436 million; adjusted EBITDA surged 43% to Rs 1,069 million
- Managing Director Aneesh Reddy Boddu was re-appointed as a Director after retiring by rotation
- The company highlighted its BSE listing success and Forrester Wave Leader recognition

*this image is generated using AI for illustrative purposes only.
Capillary Technologies India Limited shareholders approved the company's audited financial statements for the fiscal year ended March 31, 2026, during its 14th Annual General Meeting held on August 28, 2026. The meeting, conducted via video conference, also saw the re-appointment of Managing Director and CEO Aneesh Reddy Boddu.
During the proceedings, Mr. Boddu highlighted the company's financial performance for FY25-26. The firm reported revenue of Rs 7,436 million, marking a 23% year-on-year growth. Adjusted EBITDA rose by 43% to Rs 1,069 million. These figures underscore the company's ability to expand profitability at a faster pace than top-line growth during the period.
Key Operational Highlights
The management emphasized several strategic milestones achieved during the fiscal year:
- Listing on the BSE in November 2025, with the IPO oversubscribed 52.95 times.
- Recognition as a Leader in the Forrester Wave for Loyalty Platforms in Q4 2025.
- Diversification across geographies and sectors.
- Launch of AI-led initiatives, including the aiRA platform.
What the Numbers Show
The divergence between revenue growth (23%) and adjusted EBITDA growth (43%) indicates significant operating leverage. This suggests that fixed costs were spread over a larger revenue base or that variable cost management improved, allowing margins to expand disproportionately to sales growth.
Governance and Proceedings
Ms. Neelam Dhawan, Chairperson of the Company, presided over the meeting. Three ordinary resolutions were put forth for shareholder approval:
- Adoption of Audited Standalone Financial Statements for FY26.
- Adoption of Audited Consolidated Financial Statements for FY26.
- Re-appointment of Mr. Aneesh Reddy Boddu as a Director, retiring by rotation.
Shareholders participated actively, raising questions regarding the company's growth roadmap, R&D spend, working capital dynamics, geographic expansion, and AI-based product initiatives. Voting was conducted electronically via NSDL.
Historical Stock Returns for Capillary Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.46% | -1.08% | -6.31% | -2.44% | 0.0% | 0.0% |
How will the launch of the aiRA platform specifically impact Capillary's customer acquisition costs and retention rates in the coming fiscal year?
What is the projected timeline for achieving profitability in new geographic markets as part of the company's diversification strategy?
Given the 52.95x IPO oversubscription, how does management plan to allocate future capital between R&D for AI initiatives and organic expansion?


































