Excelsoft Technologies education services reach Rs 100 crore

Excelsoft Technologies Limited reported Rs 100.04 crore of educational technology services revenue for the half year ended September 30, 2026, up from Rs 63.41 crore a year earlier, making it the largest reportable segment. Assessment and proctoring solutions recorded a lower segment result of Rs 14.98 crore, versus Rs 19.36 crore in the prior-year half.

Which segment drove Excelsoft Technologies’ half-year revenue growth?

Educational technology services drove Excelsoft Technologies’ half-year revenue growth, generating Rs 100.04 crore for the half year ended September 30, 2026, compared with Rs 63.41 crore in the corresponding period of 2025. The Rs 36.63 crore increase was larger than the revenue change reported by each of the other three reportable segments.

The segment was also the group’s largest by revenue in the latest half year, ahead of assessment and proctoring solutions at Rs 37.07 crore, learning and student success solutions at Rs 16.64 crore, and learning design and content solutions at Rs 7.42 crore. Total segment revenue rose to Rs 161.16 crore from Rs 120.33 crore a year earlier.

Excelsoft Technologies identifies four reportable segments under Indian Accounting Standard 108, or Ind AS 108, Operating Segments. Under the management approach described in the filing, the chief operating decision maker evaluates performance and allocates resources using indicators reported for assessment and proctoring, educational technology, learning and student success, and learning design and content.

Educational technology services revenue was Rs 49.14 crore in the quarter ended September 30, 2026, compared with Rs 50.89 crore in the June 2026 quarter and Rs 34.64 crore in the September 2025 quarter. The latest quarter was therefore Rs 1.75 crore below the preceding quarter, but Rs 14.51 crore above the corresponding prior-year quarter.

How did assessment and proctoring solutions perform?

Assessment and proctoring solutions posted higher half-year revenue but a lower segment result for Excelsoft Technologies. Revenue increased to Rs 37.07 crore for the half year ended September 30, 2026 from Rs 35.63 crore a year earlier, while segment result decreased by Rs 4.38 crore to Rs 14.98 crore from Rs 19.36 crore.

The quarterly figures show that the reduction in segment result extended across the first two quarters of the financial year. Assessment and proctoring solutions recorded a segment result of Rs 5.86 crore in the September 2026 quarter, after Rs 9.12 crore in the June 2026 quarter and Rs 10.47 crore in the September 2025 quarter.

Revenue for the assessment and proctoring segment was Rs 18.19 crore in the September 2026 quarter, below Rs 18.88 crore in the June 2026 quarter but close to Rs 18.38 crore a year earlier. The filing does not provide a separate explanation for the difference between the segment’s higher half-year revenue and its lower segment result.

Segment result is not the same measure as consolidated profit after tax. Excelsoft Technologies reported total segment results of Rs 71.02 crore for the latest half year, then included Rs 11.32 crore of unallocable other income and deducted unallocable expenses, finance cost, depreciation and tax before reporting Rs 17.50 crore of consolidated profit after tax.

How did Excelsoft Technologies’ other segments change?

Learning and student success solutions increased revenue and moved to a positive half-year segment result at Excelsoft Technologies. Its revenue rose to Rs 16.64 crore in the half year ended September 30, 2026 from Rs 13.69 crore a year earlier, while its segment result was Rs 29.6 lakh compared with a loss of Rs 2.16 crore in the previous corresponding period.

The latest half-year outcome reflected a stronger September quarter after a loss in the June quarter. Learning and student success solutions reported Rs 9.22 crore of revenue and Rs 2.10 crore of segment result in the September 2026 quarter, following Rs 7.42 crore of revenue and a Rs 1.81 crore segment loss in the June 2026 quarter.

Learning design and content solutions followed a different pattern, with half-year revenue marginally lower but segment result higher. Revenue was Rs 7.42 crore in the half year ended September 30, 2026, down from Rs 7.60 crore a year earlier, while segment result rose to Rs 4.36 crore from Rs 2.50 crore.

The learning design and content segment generated Rs 4.35 crore of revenue in the September 2026 quarter, exceeding both Rs 3.07 crore in the June 2026 quarter and Rs 3.49 crore in the September 2025 quarter. Its quarterly segment result was Rs 2.96 crore, compared with Rs 1.41 crore in June 2026 and Rs 97.4 lakh a year earlier.

What do the segment results show about Excelsoft Technologies’ earnings?

The segment results show that educational technology services accounted for most of the increase in Excelsoft Technologies’ reported segment result. The segment delivered Rs 51.38 crore in the half year ended September 30, 2026, up from Rs 34.76 crore a year earlier, while assessment and proctoring solutions declined by Rs 4.38 crore over the same periods.

Total segment result increased to Rs 71.02 crore from Rs 54.46 crore, an increase of Rs 16.56 crore. However, other unallocable expenses rose to Rs 54.54 crore from Rs 35.77 crore, and unallocable depreciation expense increased to Rs 4.14 crore from Rs 2.46 crore.

Unallocable other income rose to Rs 11.32 crore from Rs 8.54 crore, while unallocable finance cost declined to Rs 64.5 lakh from Rs 1.52 crore. After tax expense of Rs 5.50 crore, consolidated profit after tax was Rs 17.50 crore for the latest half year, compared with Rs 16.49 crore in the half year ended September 30, 2025.

The unaudited consolidated results cover Excelsoft Technologies and its subsidiaries and were approved by the board on November 5, 2026. The statutory auditors conducted a limited review and issued an unmodified review conclusion, while standalone revenue from operations was Rs 161.27 crore and standalone profit for the period was Rs 16.09 crore.

Conclusion

Excelsoft Technologies’ half-year segment disclosure shows educational technology services as the principal contributor to revenue and segment-result growth through September 30, 2026. Its Rs 36.63 crore revenue increase and Rs 16.61 crore segment-result increase outweighed the Rs 4.38 crore reduction in assessment and proctoring segment result, while learning and student success solutions moved from a loss to a Rs 29.6 lakh gain.

The next disclosures can show how Excelsoft Technologies deploys Rs 99.23 crore of unutilised net initial public offering proceeds as of September 30, 2026. The company had Rs 28.75 crore remaining for land and a new Mysore building, Rs 32.34 crore for an existing-facility upgrade, and Rs 36.95 crore for information-technology infrastructure upgrades; it had utilised Rs 65.67 crore of total net proceeds of Rs 164.89 crore by that date.