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Capillary Technologies posts Rs 271 Cr revenue in Q2 FY27; swings to Rs 22 Cr profit after Q1 loss

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Capillary Technologies posts Rs 271 Cr revenue in Q2 FY27; swings to Rs 22 Cr profit after Q1 loss

SaaS firm Capillary Technologies reported a 51.4% year-on-year growth in its operating revenue in the second quarter of the ongoing fiscal year (Q2 FY27). The company also reported a profit of Rs 22 crore during the quarter, compared to a marginal profit in the same period last year.

The Bengaluru-based company's revenue from operations increased to Rs 271 crore in Q2 FY27 from Rs 179 crore in the corresponding quarter last year, according to its financial statements sourced from the NSE.

Founded in 2008 by Aneesh Reddy, Krishna Mehra, and Ajay Modani, Capillary Technologies offers cloud-based loyalty, CRM, and customer engagement solutions to more than 465 brands across 53 countries. Its clientele includes Tata Digital, Aditya Birla Fashion and Retail, and Abbott Laboratories.

The company primarily generates revenue from subscription services, which contributed 95% of its operating revenue during the quarter. Installation and campaign services accounted for the remaining revenue. It also reported Rs 6 crore in other income, taking its total income to Rs 277 crore in Q2 FY27.

On a sequential basis, the company's operating revenue grew 5.5% from Rs 257 crore in Q1 FY27.

Employee benefits remained its largest expense, increasing 57% year-on-year to Rs 134 crore. Software and server charges stood at Rs 42 crore, while professional and consultancy fees accounted for Rs 39 crore. Overall, Capillary's total expenses increased 44% to Rs 232 crore during the quarter.

3 crore in the corresponding quarter last year. 5 crore in Q1 FY27.



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