Capillary Technology posts Rs 184 Cr revenue in Q3 FY26; profit falls 20%

SaaS firm Capillary Technologies has announced its financial results for Q3 FY26 after debuting on Indian stock exchanges last quarter. The firm’s revenue increased by 16% during the third quarter, while its profit fell to single digit in the quarter.

The company’s revenue from operations increased to Rs 184 crore in Q3 FY26 from Rs 159 crore in the same quarter last year, according to its financial statement sourced from NSE.

Founded in 2008, Capillary provides cloud-native loyalty, CRM, and customer engagement solutions to over 390 brands across 46 countries.

Other income contributed an additional Rs 4 crore, which drove its total income of Rs 188 crore for the quarter. For the nine-month period ending December 2025, the firm’s revenue increased 22% to Rs 543 crore from Rs 446 crore a year earlier.

The company’s employee benefit expense accounted for half of the total cost. This expense rose 22% to Rs 90 crore in Q3 FY26 from Rs 74 crore in Q3 FY25. Its software and server charges stood at Rs 33 crore for the quarter. Overall, the company’s total expense rose 19% to Rs 179.5 crore in Q3 FY26 from Rs 150.5 crore in Q3 FY25.

Capillary Technologies’ profit decreased by 20% to Rs 8 crore in Q3 FY26 from Rs 10 crore in Q3 FY25. On a sequential basis, the company’s profit spiked from Rs 30 lakh in Q2 FY26.

Capillary Technologies made a muted debut on the bourses, listing at Rs 560 per share on the BSE, a 3% discount to its issue price of Rs 577. On the NSE, the stock opened slightly higher at Rs 571.9.

At the end of today’s trading session, Capillary Technologies’ share price stood at Rs 612, giving the firm a total market capitalization of Rs 4,857 crore ($535 million).