Systango Technologies FY26 revenue rises 34.7% to ₹904 crore
Systango Technologies reported a 34.7% increase in revenue from operations to ₹904 crore for FY26, with PAT growing 34.3% to ₹319 crore. EBITDA rose 48.47% to ₹340 crore, improving margins to 37.6%. The company expanded its global footprint with subsidiaries in the UK and USA, and a strategic alliance with Alibaba Cloud.
*this image is generated using AI for illustrative purposes only.
Systango Technologies reported a 34.7% increase in revenue from operations to ₹904 crore for FY26, driven by AI-powered platforms for FinTech and data analytics. Profit after tax (PAT) rose 34.3% to ₹319 crore, while EBITDA grew 48.47% to ₹340 crore, expanding margins to 37.6% from 34.28% in the previous year. The company achieved a three-year revenue CAGR of 20% and a PAT CAGR of 32%, with a return on capital employed (ROCE) of 33% and return on equity (ROE) of 27%.
The company incorporated Systango Ltd (UK) to expand into European markets and established a wholly-owned subsidiary in the USA, Systango LLC. It also entered into a strategic alliance with Alibaba Cloud and formed a Strategic Advisory Board. Systango won the Madhya Pradesh Best Employer Branding awards by the Employer Branding Institute India. The company is listed on the NSE Emerge platform.
Financial Performance
Revenue growth was accompanied by a controlled increase in operating expenses, which rose 27.38% to ₹563 crore. Depreciation stood at ₹7 crore, while finance costs remained flat at ₹1 crore. Other income declined by 13.2% to ₹59 crore. Profit before tax (PBT) increased 34.7% to ₹392 crore, with tax expenses rising 35.2% to ₹73 crore. Diluted EPS for FY26 was ₹21.73, compared to ₹16.18 in FY25.
Consolidated Financials (FY23–FY26)
| Particulars | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue from Operations | 523 | 566 | 671 | 904 |
| Operating Expenses | 365 | 391 | 441 | 563 |
| EBITDA | 158 | 175 | 230 | 340 |
| EBITDA Margins (%) | 30.2% | 30.9% | 34.% | 37.7% |
| PAT | 140 | 169 | 237 | 319 |
| PAT Margins (%) | 26.8% | 29.9% | 35.3% | 35.3% |
Balance Sheet Highlights
Total assets for FY26 stood at ₹1505 crore, up from ₹1124 crore in FY25. Non-current assets increased significantly to ₹428 crore, primarily due to a rise in non-current investments to ₹351 crore. Current assets grew to ₹1077 crore, with investments accounting for ₹676 crore. Cash and bank balances stood at ₹157 crore.
Shareholders' funds rose to ₹1355 crore, supported by other equity of ₹1208 crore. Equity share capital remained unchanged at ₹147 crore. Current liabilities increased to ₹150 crore, while short-term provisions stood at ₹130 crore. Long-term borrowings were nominal at ₹1 crore.
Historical Stock Returns for Systango Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.70% | +6.98% | +1.70% | -30.82% | -5.40% | +127.26% |
How will the strategic alliance with Alibaba Cloud impact Systango's competitive positioning in the cloud services market?
What are the revenue growth projections for the newly established subsidiaries in the UK and USA over the next fiscal year?
Will the significant increase in non-current investments lead to new product lines or acquisitions in the near future?
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