excelsoft technologies announced that Chief Financial Officer and Key Managerial Personnel Subramaniam Ravi has resigned from his position, effective from the close of business on August 31, 2026. The resignation, communicated via a letter dated June 01, 2026, stems from health reasons and the executive's decision to devote more time to his family's well-being. The company has accepted the resignation and acknowledged Ravi's contributions during his tenure.

The management recorded its appreciation for the services provided by Ravi during his association with the firm. In his resignation letter, Ravi confirmed there are no material reasons for his departure other than the personal health and family circumstances cited. He expressed gratitude to the Board and the team for the trust and support extended over his 14 years of service.

Excelsoft Technologies is currently in the process of identifying a suitable candidate for the position of Chief Financial Officer, who will also be designated as a Key Managerial Personnel. The company stated that it will inform the stock exchanges regarding the appointment in due course. The transition will be managed during the notice period to ensure continuity in financial operations.

The disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The event details were recorded at 16:45 (IST) on June 01, 2026. The information is also available on the company's investor relations website.

Excelsoft Technologies Limited has reported its audited consolidated financial results for the quarter and financial year ended March 31, 2026. The company posted a net profit of ₹43.38 crore for FY26, a 25% increase from ₹34.70 crore in the previous year, while total income rose 17% year-on-year to ₹291.13 crore. The strong annual performance was underpinned by growth in Educational Technology Services and increasing adoption of assessment platforms, with North America remaining the largest market contributing 64.9% to revenue.

Consolidated Financial Highlights – FY26

The company achieved an EBITDA of ₹73.12 crore, up 0.9% YoY, while Earnings Per Share (EPS) increased to ₹4.12 from ₹3.47 in FY25. Profitability was attributed to scale benefits and disciplined cost management, although EBITDA margins were impacted by higher other expenses driven by the hiring of consultants in the US and UK.

Q4 Consolidated Performance

For the quarter ended March 31, 2026, revenue from operations grew 16.08% YoY to ₹81.16 crore. However, Q4 net profit declined to ₹16.60 crore from ₹20.48 crore in the same period last year. EBIT for the quarter stood at ₹18.47 crore, with an EBIT margin of 22.75%. Management attributed the margin contraction to a one-time expense of ₹8.5 crore incurred in Q4 to establish a 30-member near-shore consulting team in the US to support domain-based AI tech services.

Operational & Strategic Highlights

Educational Technology Services contributed 56.4% to the total income for the full year, while Assessment & Proctoring Solutions accounted for 27.3%. The company's workforce stood at 1,109 employees. During the year, Excelsoft finalized a partnership with a leading examination body in the United Kingdom and secured a strategic engagement with a leading online course content provider in the United States, highlighting its AI-led content transformation capabilities.

Management indicated that the company has a confirmed order book of over ₹300 crore for FY27, excluding expansion from existing customers. The company is actively evaluating inorganic acquisition opportunities to accelerate growth, with the newly appointed CEO, Mr. Doreswamy Palaniswamy, leading this strategic initiative.