NewsEarningsExcelsoft Technologies Files Q2H1 FY26 Earnings Call Transcript, Reports 254% Net Profit SurgeExcelsoft Technologies Files Q2H1 FY26 Earnings Call Transcript, Reports 254% Net Profit Surge
Excelsoft Technologies filed its Q2H1 FY26 earnings call transcript under Regulation 30, highlighting exceptional financial performance with 254% net profit growth, robust business segment performance led by Educational Technology Services, strategic AI initiatives through partnerships with AQA and VTCT, and successful utilization of ₹500 crore IPO proceeds for infrastructure development and expansion.
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Excelsoft Technologies Limited has filed the transcript of its Q2H1 FY26 earnings conference call held on December 15, 2025, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company reported exceptional financial results for Q2 and H1 FY26, with net profit surging 254% year-on-year to ₹164.85 million, driven by strong operational performance across its business segments.
Financial Performance Highlights
The company delivered robust financial performance for the quarter and half-year ended September 30, 2025, with significant growth in revenue and profitability metrics.
| Metric: | Q2 FY26 | Q1 FY26 | Q2 FY25 | H1 FY26 | H1 FY25 | YoY Change (H1): |
|---|---|---|---|---|---|---|
| Total Income: | ₹686.25 million | ₹601.40 million | ₹573.67 million | ₹1,287.65 million | ₹1,149.73 million | +12% |
| Revenue from Operations: | ₹646.07 million | ₹557.18 million | ₹538.13 million | ₹1,203.25 million | ₹1,084.99 million | +11% |
| EBITDA: | ₹175.10 million | ₹100.45 million | ₹101.80 million | ₹275.55 million | ₹259.95 million | +6% |
| Profit Before Tax: | ₹142.92 million | ₹76.50 million | ₹106.90 million | ₹219.42 million | ₹174.08 million | +26% |
| Net Profit: | ₹106.12 million | ₹58.73 million | ₹89.44 million | ₹164.85 million | ₹46.55 million | +254% |
| EPS: | ₹1.05 | ₹0.59 | ₹0.89 | ₹1.65 | ₹0.47 | +251% |
The EBITDA margin improved to 27.10% in Q2 FY26 compared to 18% in Q1 FY26 and 25.90% in Q2 FY25.
Business Segment Performance
The company operates across four key business segments with balanced revenue contribution and strong growth momentum.
| Business Segment: | Q2 FY26 Revenue | Q2 Contribution | H1 FY26 Revenue | H1 Contribution |
|---|---|---|---|---|
| Educational Technology Services: | ₹346.38 million | 53.61% | ₹634.12 million | 52.70% |
| Assessment and Proctoring Solutions: | ₹183.79 million | 28.45% | ₹356.27 million | 29.61% |
| Learning and Student Success Solutions: | ₹80.98 million | 12.53% | ₹136.89 million | 11.38% |
| Learning Design and Content Solutions: | ₹34.92 million | 5.40% | ₹75.97 million | 6.31% |
Strategic AI Initiatives and Market Position
Excelsoft has developed AI-Levate as a comprehensive suite of AI-powered solutions, integrating artificial intelligence across its learning and assessment platforms. The company formed a dedicated AI task force with AQA (UK) to advance AI models for e-marking of handwritten scripts in high-stakes assessments.
| Key Development: | Details |
|---|---|
| AI Task Force Partnership: | Collaboration with AQA (UK) for AI-driven e-marking |
| Multi-year Engagement: | VTCT Skills (UK) for next-generation SaaS e-Testing platform |
| Annual Exam Capacity: | Over 300,000 exams through new platform |
| Average Client Relationship: | 10.90 years among top 10 clients |
| New Clients Added: | 8 new clients during H1 FY26 |
Management Commentary and Business Outlook
During the earnings call, Mr. Dhananjaya Sudhanva, Managing Director, emphasized the company's 25-year journey in digital learning and assessment technologies. He highlighted that Excelsoft serves over 200 organizations across 19 countries, with many customers maintaining relationships for over a decade. The company operates through two broad segments - products and services - focusing on assessment and learning domains using technology and internet platforms.
| Business Focus Area: | Description |
|---|---|
| Assessment Solutions: | Saras platform for high-stakes digital assessments |
| Learning Platforms: | Personalized learning pathways and competency mapping |
| Technology Services: | Implementation, customization, and system integration |
| Content Solutions: | Interactive digital learning modules and simulations |
Geographical Diversification
North America led revenue contribution at 63.05% in Q2 and 61.96% in H1, followed by Europe UK at 22.52% and 23.45% respectively. India contributed 5.19% in Q2 and 6.87% in H1, while Asia ex-India and Australia contributed 8.18% and 1.05% respectively in Q2.
Financial Position and IPO Utilization
The company maintains a robust financial position with improved balance sheet metrics and strong operational efficiency.
| Financial Metric: | September 30, 2025 | March 31, 2025 |
|---|---|---|
| Total Assets: | ₹4,899.17 million | ₹4,704.85 million |
| Net Worth: | ₹387.69 million | - |
| Net Debt: | ₹25.21 million | - |
| Net Debt-to-Equity Ratio: | 0.07x | - |
| Workforce: | 1,119 employees | - |
Excelsoft successfully raised ₹500 crores through its IPO, including a fresh issue of ₹180 crores and an offer for sale of ₹320 crores. The company was listed on both NSE and BSE on November 26, 2025. The IPO proceeds are being utilized for land acquisition and construction of a new development center in Mysore (₹62 crores), upgrading existing Mysore facility infrastructure (₹39.5 crores), and general corporate purposes (₹9 crores).
The earnings call transcript is available on the company's website at https://www.excelsoftcorp.com/investors/ and will be used for meetings with analysts and institutional investors until the end of the next quarter.
Historical Stock Returns for Excelsoft Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.10% | -9.56% | -10.00% | -33.28% | -33.28% | -33.28% |
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