Capillary Technologies India

Capillary Technologies reported Q3 FY26 revenue of 184 croreCurrent reported value: 184 crore. No comparable prior figure is available in the source record., up 16% YoYCurrent reported value: 16% YoY. No comparable prior figure is available in the source record., with adjusted EBITDA of 30 croreCurrent reported value: 30 crore. No comparable prior figure is available in the source record. (16.4% margin). PAT was 8 croreCurrent reported value: 8 crore. No comparable prior figure is available in the source record., impacted by one-time costs of 3.6 crore. Growth was driven by strong net retention (NRR 111%Current 111%. Reported change: N/A. overall, 115%Current 115%. Reported change: N/A. organic), new order book of 66 croreCurrent 66 crore. Reported change: +24.5% YoY. in 9M (up from 53 crore YoY), and M&A. Management highlighted AI product IRA as a key differentiator, with 10-15 customers in pilot. Guidance points to continued operating leverage as non-COGS costs grow slower than revenue. Risk: potential disruption from AI agents in enterprise software, though management believes their system-of-record positioning and outcome-based pricing provide insulation.