Capillary Technologies Q2 FY27: Revenue Rises to Rs 271 Cr, Profit Hits Rs 22 Cr

Capillary Technologies reported operating revenue of Rs 271 crore in Q2 FY27, up 51.4% from Rs 179 crore in the same quarter last year. The SaaS firm also posted a Rs 22 crore profit for the quarter, compared with Rs 0.3 crore a year earlier and a Rs 9.5 crore loss in Q1 FY27.

Sequentially, operating revenue grew 5.5% from Rs 257 crore in Q1 FY27. For readers tracking startup financials, the key takeaway is clear: Capillary’s top line expanded while its bottom line moved back into positive territory.

Capillary Technologies primarily earns from subscription services, which contributed 95% of operating revenue during the quarter. Installation and campaign services made up the remaining revenue, while other income of Rs 6 crore took total income to Rs 277 crore.

The Bengaluru-based company offers cloud-based loyalty, CRM, and customer engagement solutions. Its customer base spans more than 465 brands across 53 countries, with clientele including Tata Digital, Aditya Birla Fashion and Retail, and Abbott Laboratories.

Total expenses increased 44% year-on-year to Rs 232 crore in Q2 FY27. Employee benefits were the company’s largest expense, rising 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. The expense profile shows that people costs remained the biggest operating lever to watch as revenue scales.

Capillary had reported 42.6% year-on-year operating revenue growth to Rs 256.6 crore in Q1 FY27, but its bottom line was hit by an exceptional Rs 33.4 crore loss linked to a cyber-enabled banking fraud at its Czech Republic subsidiary. The Q2 profit therefore marks a notable quarter-on-quarter shift in reported performance.

Separately, promoter entity Capillary Technologies Pte Ltd offloaded a 4.14% stake through a BSE bulk deal in August 2026, selling 32.92 lakh shares worth Rs 171.5 crore. As of 12:46 PM, Capillary Technologies shares were trading at Rs 504 apiece, giving the company a market capitalisation of around Rs 4,023 crore.