Capillary Technologies Q2 FY27 Results: Revenue surges 47% YoY to ₹528 Crore, Adj. EBITDA up 116% YoY
Capillary Technologies reported H1 FY27 revenue of ₹528 crore, up 47% YoY. Adjusted EBITDA surged 116% YoY to ₹88.9 crore, with margins at 17%. ARR grew 51% YoY to ₹1,085.4 crore. TTM New ACV increased 79% YoY to ₹93.3 crore. The company reaffirmed its FY27 guidance.
The announcement includes substantial year-over-year growth in key financial metrics like revenue and EBITDA, a significant increase in ARR, and positive forward-looking statements, which are likely to have a high impact on investor sentiment and the company's stock.
The company reported strong YoY growth in revenue and Adjusted EBITDA, significant improvements in profitability metrics, and a positive outlook with reaffirmed guidance, indicating a strong financial performance.
Capillary Technologies India Limited has announced its financial results for the quarter and half-year ended September 30, 2026. The company reported a consolidated revenue from operations of ₹5,280 million (₹528 crore) for H1 FY27, marking a significant 47% year-over-year (YoY) increase. This growth was driven by both organic and inorganic factors, with organic revenue up 23% YoY to ₹3,180 million (₹318 crore).
The company's Adjusted EBITDA more than doubled, growing 116% YoY to ₹889 million (₹88.9 crore) in H1 FY27, achieving a margin of 17%. This improvement is attributed to higher margins from existing customers (NRR expansion), operating leverage on non-COGS costs, and synergies from acquisitions.
Annual Recurring Revenue (ARR) reached ₹10,854 million (₹1,085.4 crore) by the end of Q2 FY27, a 51% YoY growth. Trailing twelve months (TTM) New Annual Contract Value (ACV), excluding a large healthcare customer, grew by 79% YoY to ₹933 million (₹93.3 crore), largely driven by wins anchored on their AI stack, aiRA.
The company highlighted its leadership in the Forrester Wave: Loyalty Platforms, Q4 2025, with the highest scores in Current Offering and Strategy. Capillary's AI-first platform approach, featuring the aiRA (AI assistant) and Nudge Framework, enables marketers to build and optimize promotions conversationally.
Profitability saw a substantial boost, with Profit After Tax (PAT) increasing to ₹219.2 million (₹21.92 crore) in Q2 FY27, a 7505% YoY growth, and ₹123.7 million (₹12.37 crore) in H1 FY27, a 1097% YoY growth. This was supported by higher-margin revenue from existing customers, operating leverage on non-COGS, and margin uplift as acquired customers are migrated to their platform.
All customers from previous acquisitions (Persuade, Brierley, Rewards+) have been successfully migrated. The migration of the first cohort of Kognitiv customers has commenced, with the first customer migration completed in Q2 FY27. Capillary also completed its first customer migration leveraging AI-powered capabilities.
The company reiterated its FY27 guidance of ₹10,650 million (₹1,065 crore) in revenue and ₹1,720 million (₹172 crore) in Adjusted EBITDA.
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