EXCELSOFT

Excelsoft Technologies financials

Domain-led education and assessment technology company building exam/testing platforms and AI-first products for examination and certification bodies (e.g., UK's AQA, TQUK, VTCT, CQI).

Market cap: ₹851 Cr
Sector: Information Technology
Calls analysed: 4

Latest concall · Q1 FY27 · call held 10 Aug 2026

Excelsoft Technologies Limited Q1 FY27

Revenue from Operations ₹80.26 cr +44%EBITDA ₹13.03 cr +30%EBITDA Margin 16.24% PAT ₹9.23 cr +57%

What went well

Revenue from operations for Q1 FY27 stood at INR80.26 crores, up 44.05% year-on-year, driven by 177% YoY growth in education technology services.
EBITDA for the quarter stood at INR13.03 crores, up 29.78% year-on-year.
PAT for the quarter stood at INR9.23 crores, up 57.13% year-on-year, with PAT margins improving to 11.5% from 10.54%.

What to watch

EBITDA margins for the quarter contracted to 16.24% from 18.02% in Q1 FY26, primarily due to strategic investments.
Incurred one-time strategic expenses of INR0.84 crores for recruitment and INR0.62 crores for AI training.

Read the full call →

What Excelsoft Technologies Limited does

Excelsoft Technologies builds product platforms and workflow systems for the education and assessment sector, serving examination bodies and certification/vocational-training providers such as AQA (UK), TQUK, VTCT and CQI. It operates across North America, Europe and the UK, and has built full-stack internal AI capability (own GPU infrastructure, model deployment, fine-tuning and governance) to develop AI-first products for secure digital testing and learning.

Segments

Education Technology Services

Primary markets served: North America, Europe & UK
Key certification/exam-body partnerships: AQA (UK), TQUK, VTCT, CQI
New clients added (FY26): 14
US nearshore delivery team: 30 professionals
Employees using internal AI tooling (Excelsoft GPT, own GPU hardware): 1,112
Dedicated AI R&D team: 45

Headquarters Mysuru, India Company website

Guidance record · Q1 FY27

what the last two calls moved 12 tracked 2 delivered 2 missed 8 open

M&A Pipeline Update delivered said Q2 FY26 Promised: provide some indication in the next call, sir. Maybe next quarter's call. Q1 FY27: Promise was for a Q3 FY26 update and was achieved. No further updates required for this specific promise.
Working Capital / Trade Receivables went quiet said Q2 FY26 Promised: these differences will go away 31st March number. Q1 FY27: The topic of working capital normalization was not mentioned for the third consecutive quarter, and the original deadline of Q4 FY26 has long passed.
EBITDA Margin at risk said Q2 FY26 Promised: aiming at getting to a steady state of 35% Q1 FY27: Reported EBITDA margin dropped to 16.24% due to strategic investments. Management has guided for 24-25% for FY27, significantly below the 35% steady-state target.

All 12 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 44.0%, net profit up 57.2% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	54	55	70	56	65 +20%	71 +29%	81 +16%	80 +44%
Expenses	40	37	42	46	47	51	57	67
EBITDA	14	18	28	10	18 +26%	20 +9%	25 −13%	13 +30%
Margin	26%	33%	41%	18%	27%	28%	30%	16%
Other income	4	4	5	4	4	1	5	6
Interest	1	1	1	1	1	1	1	1
Depreciation	6	6	6	6	6	6	6	7
Profit before tax	11	15	27	8	14 +34%	13 −10%	23 −17%	12 +55%
Tax rate	16%	36%	25%	23%	26%	23%	27%	22%
Net profit	9	10	20	6	11 +19%	10 +8%	17 −19%	9 +57%
EPS	54.49	0.96	2.05	0.59	1.06	0.89	1.44	0.80

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −10.8% YTD

YTD: ₹90.87 on 1 Jan 2026 → ₹81.03. High ₹98.38 (22 May 2026), low ₹66.72 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27: −7.1%; 10 Aug
Q4 FY26: +2.7%; 28 May
Q3 FY26: +9.5%; 9 Feb
Q2 FY26: +0.6%; 15 Dec

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Year ending	FY26
Revenue	₹273 Cr
Operating profit	₹72 Cr
Operating margin	26.4%
Interest	₹4 Cr
Depreciation	₹24 Cr
Net profit	₹43 Cr
Net margin	15.9%
Cash from operations	₹50 Cr
Free cash flow	₹-19 Cr
ROCE	14.0%

How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year ending	FY21	FY22	FY23	FY24	FY25	FY26
Equity capital	₹2 Cr	₹2 Cr	₹2 Cr	₹2 Cr	₹100 Cr	₹115 Cr
Reserves	₹234 Cr	₹249 Cr	₹276 Cr	₹296 Cr	₹288 Cr	₹463 Cr
Borrowings	₹152 Cr	₹131 Cr	₹121 Cr	₹78 Cr	₹45 Cr	₹7 Cr
Other liabilities	₹28 Cr	₹34 Cr	₹38 Cr	₹45 Cr	₹57 Cr	₹93 Cr
Total liabilities	₹415 Cr	₹416 Cr	₹436 Cr	₹421 Cr	₹490 Cr	₹678 Cr
Fixed assets	₹315 Cr	₹330 Cr	₹349 Cr	₹336 Cr	₹130 Cr	₹176 Cr
Capital work in progress	₹37 Cr	₹13 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Investments	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Other assets	₹64 Cr	₹73 Cr	₹88 Cr	₹85 Cr	₹360 Cr	₹502 Cr
Total assets	₹415 Cr	₹416 Cr	₹436 Cr	₹421 Cr	₹490 Cr	₹678 Cr

How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Dec 2025, the public added +2.88 pp while DIIs trimmed −1.80 pp. The shareholder count shrank 20% to 75,179.

Promoters: 59.1%
FIIs: 1.1%
DIIs: 3.1%
Public: 36.7%

Since Dec 2025

Public +2.88 pp
DIIs −1.80 pp
FIIs −1.06 pp

How it drifted, 3 quarters

Over this window the public went from 33.8% to 36.7% — +2.9 pp.

Dec '25Mar '26Jun '26

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

Mysore Quantum Ai Foundation newly disclosed 0.00% held

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Excelsoft Technologies Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

Holder	Stake	Change
Dhananjaya Sudhanva	33.75%	unchanged
Pedanta Technologies Private Limited	14.32%	unchanged
Lajwanthi Sudhanva	10.22%	unchanged
Bengal Finance And Investment Pvt Ltd	4.34%	unchanged
360 One Equity Opportunity Fund Mutual fund	1.08%	−0.73 pp
Shruthi Sudhanva	0.40%	unchanged
Mysore Sudhindratheertha Adarsh	0.40%	unchanged
Akshara Adarsh	0.00%	unchanged
Akshaj Adarsh	0.00%	unchanged
Nishlaj Consultants	0.00%	unchanged
Messier 4 Private Limited	0.00%	unchanged
Excel Matnovus Private Limited	0.00%	unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth the price implies: 15.3% a year; for 7 years, fading to 4%
It has actually compounded at: Not enough history
The gap: —; between what it did and what it must do

Price today ₹81.03

Change the assumptions yourself →

All earnings calls (4)

Read the Q1 FY27 call →

Learn to analyse Excelsoft Technologies Limited

Guides on how to read this kind of business and the numbers that matter.