Earnings Call/Transcript
Capillary Technologies India Ltd Q2 FY27 Earnings Call Transcript
Capillary Technologies India Ltd filed the transcript of its Q2 and H1 FY27 earnings call held on November 2, 2026.
Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.


Bearish
5
Neutral
4
Bullish
5
Bearish
35
Neutral
4
Bullish
7
Bearish
30
Neutral
0
Bullish
2
Bearish
30
Neutral
0
Bullish
2
Bearish
30
Neutral
0
Bullish
2
Bearish
30
Neutral
0
Bullish
2
View Standalone
View Standalone
View Standalone
View Standalone
View Standalone
View Standalone
View Standalone
View Standalone
Investor Presentation
Q2 FY27
Investor Presentation
Q4 FY26
Investor Presentation
Q3 FY26
Capillary Technologies India Ltd (CAPILLARY) is currently trading at 506.25 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Capillary Technologies is an AI-powered, cloud-native software company providing loyalty management, customer engagement, analytics, rewards, and marketing automation solutions to large enterprises globally. Its subscription platform serves approximately 150 enterprises across 55 countries, including more than 20 Fortune 500 companies, and processes or supports roughly 2.9 billion consumer profiles through 19 global offices. The company’s latest quarter combined 51% year-on-year revenue growth with adjusted EBITDA more than doubling to INR 44.8 crore, producing a 17% margin. H1 FY27 revenue reached INR 528 crore, while adjusted EBITDA rose 117% to INR 89 crore, supported by operating leverage, acquired-customer migration, and stronger organic new business. Capillary Technologies is increasingly positioning aiRA as a commercial growth engine rather than merely an internal feature. The platform now covers acquisition through retention, connects with major advertising channels, can operate on enterprise data warehouses, and is being sold independently to non-Capillary customers, with management citing an 8–9 million dollar pipeline. The SessionM acquisition materially expanded Capillary’s global customer base and inorganic revenue, but currently carries lower margins and elevated server costs. Management expects cost optimization, redeployment of acquired teams, and gradual migration of approximately 40 customers to improve economics, with the bulk of migrations expected during FY28 and FY29. Cash generation is a notable strength: the company ended Q2 with INR 573 crore of cash, INR 45 crore of short-term borrowings, and no long-term debt. H1 operating cash flow was INR 113 crore, representing 128% of adjusted EBITDA, although increased amortization from SessionM remains a drag on reported profitability.
Over the past 52 weeks, Capillary Technologies India Ltd has traded between a low of ₹437.50 and a high of ₹799.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Capillary Technologies India Ltd has a market capitalization of approximately 4,045.12. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Capillary Technologies India Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 63.48 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 4,045.12 Cr, Capillary Technologies India Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Capillary Technologies India Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Capillary Technologies India Ltd is 63.48. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Capillary says aiRA can analyse and help manage customer-acquisition campaigns across Google Ads, Meta and TikTok. It uses historical campaign data from periods ranging from several months to two or three years and responds to plain-English questions about campaign performance.
Management said acquired platforms have about 10% annual churn, which can remove roughly 20% of revenue over two years. Selected customers may also receive migration discounts. Management added that bankruptcies accounted for part of churn in its first three acquisitions.
Capillary said organic customer-acquisition cost pays back in 16 to 17 months. Management believes a competitor bought for 0.5 to 1 times revenue can produce comparable economics after including migration spending, provided retention and valuation conditions are met.
Capillary reported Q2 FY27 revenue from operations of Rs 271 crore. That was 51% higher year on year and 43% higher in constant currency.

IT - Software
Software Products
4,045 Cr
Low Risk
63.5
18.8
0.7
3.8
799.00
437.50
Sales CAGR
Profit CAGR
ROE
ROCE
Earnings Call/Transcript
Capillary Technologies India Ltd filed the transcript of its Q2 and H1 FY27 earnings call held on November 2, 2026.
Other
Capillary Technologies India allotted 94,553 fully paid equity shares of ₹2 each upon exercise of vested options under its ESOP Plan 2021.
Public Notice/Press Release
Capillary Technologies India published newspaper advertisements for its unaudited financial results for the quarter and half year ended September 30, 2026.
Regulatory/Compliance Filing
Capillary Technologies India submitted CRISIL Ratings’ monitoring agency report on IPO proceeds for the quarter and half year ended September 30, 2026.
Earnings Call/Transcript
Capillary Technologies India Ltd made the audio recording of its earnings conference call held on November 2, 2026 available on its investor website.
Change in Directors/KMP
Capillary Technologies appointed Deloitte Touche Tohmatsu India LLP as Internal Auditor, replacing Protiviti India Member Private Limited, effective November 2, 2026.