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View Risks →Excelsoft Technologies Limited — Q3 FY26
Excelsoft delivered a strong Q3 FY26 with revenue of ₹71.0 crore, up 29.5% YoY, driven by a 58% surge in education technology services.
bullish
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Excelsoft delivered a strong Q3 FY26 with revenue of ₹71.0 crore, up 29.5% YoY, driven by a 58% surge in education technology services. EBITDA margin contracted 510bps to 27.7% due to one-off legal and professional fees of ₹2.9 crore related to acquisition due diligence; adjusting for this, margins would have been ~32%. PAT grew 7.7% to ₹10.3 crore, impacted by new labor code provisions. Key wins include a multi-year Philippines civil services exam contract and a UK vocational training partnership with VTCT. Management highlighted a robust deal pipeline and the upcoming launch of six AI-native products. The AQA partnership is expected to contribute revenue from Q4. Risks include elevated client concentration (top 5 at 72%) and potential margin pressure from continued acquisition-related expenses.
एक्सेलसॉफ्ट ने वित्त वर्ष 2026 की तीसरी तिमाही में शानदार प्रदर्शन किया। कंपनी की कमाई 71 करोड़ रुपये रही, जो पिछले साल की तुलना में 29.5% अधिक है। यह वृद्धि एजुकेशन टेक्नोलॉजी सेवाओं में 58% उछाल के कारण हुई। हालांकि, कंपनी का मुनाफा मार्जिन 27.7% रहा, जो पिछले साल से 5.1% कम है। इसकी वजह कंपनी के अधिग्रहण से जुड़े 2.9 करोड़ रुपये के एकमुश्त कानूनी और पेशेवर खर्च हैं। अगर इसे हटा दें, तो मार्जिन लगभग 32% होता। कंपनी का शुद्ध लाभ 7.7% बढ़कर 10.3 करोड़ रुपये हो गया। कंपनी को फिलीपींस में सिविल सेवा परीक्षा का बड़ा ठेका और ब्रिटेन में वोकेशनल ट्रेनिंग का पार्टनरशिप मिला है। प्रबंधन ने छह नए AI उत्पाद लॉन्च करने की योजना बताई है। जोखिमों में ग्राहकों पर अधिक निर्भरता (शीर्ष 5 ग्राहकों से 72% कमाई) और अधिग्रहण के खर्च शामिल हैं।
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Read Transcript →Quarter Snapshot
Education Technology Services Growth
58%
+58% YoY
Education technology services vertical grew 58% YoY in Q3, driven by system integrations and cloud transitions.
Top 10 Client Average Tenure
11 years
N/A
Top 10 customers have an average tenure of 11 years, contributing 80% of revenue, ensuring predictable cash flow.
New Clients Added (9M)
10
N/A
Added 10 new clients during the first nine months, expanding the customer base.
Handwritten Text Extraction Accuracy
98.6%
N/A
Achieved 98.6% accuracy in AI-based handwritten text extraction using multiple LLMs on proprietary hardware.
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Guidance and risk preview
Revenue from the AQA joint R&D and product collaboration will begin in Q4 FY26, with ramp-up over subsequent years.
Top 5 customers contribute 72.2% of Q3 revenue, exposing the company to significant revenue loss if any major client is lost.
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