Capitalnumbers Infotech Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Capitalnumbers Infotech Ltd filed with BSE on 04 Jun 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Capital Numbers Infotech reported total income of INR115.60 crores for FY26, up 9.4% year-on-year, with revenue from operations of INR105.05 crores versus INR99.7 crores in FY25, a result management said came in below its internal expectations. EBITDA was INR35.80 crores at a 31% margin and profit after tax was INR25.50 crores, with management attributing the margin moderation to planned investments in sales, marketing, the Gurgaon center and AI capability building. Management also discussed the proposed acquisition of Epitome Cloud Inc. for about INR40 crores and gave FY27 guidance of at least 35% revenue growth with EBITDA margin recovery toward 33%.
Numbers mentioned
Total income: INR115.60 crores (FY26)
p. 4
“For the year March 31, 2026, Capital Numbers reported total income of INR115.60 crores, representing a year-on-year growth of 9.4%.”
Mukul Gupta, page 4 of the filed PDF · View the filing
Revenue from operations: INR105.05 crores (FY26)
p. 4
“The revenue from operations increased to INR105.05 crores from INR99.7 crores in financial year 25.”
Mukul Gupta, page 4 of the filed PDF · View the filing
EBITDA: INR35.80 crores (FY26)
p. 4
“EBITDA for financial year '26 stood at INR35.80 crores compared to INR35.69 crores in financial year '25, resulting in an EBITDA margin of 31%.”
Mukul Gupta, page 4 of the filed PDF · View the filing
Profit after tax: INR25.50 crores (FY26)
p. 5
“Profit after tax stood at INR25.50 crores compared to INR25.80 crores in financial year 25.”
Mukul Gupta, page 5 of the filed PDF · View the filing
PAT margin: 22.1% (FY26)
p. 5
“PAT margin for financial year 26 was 22.1%, which we believe remains strong for a company in an active investment and expansion phase.”
Mukul Gupta, page 5 of the filed PDF · View the filing
Basic earnings per share: INR10.44 (FY26)
p. 5
“Basic earnings per share for financial year 26 was INR10.44 compared to INR11.83 in financial year 25.”
Mukul Gupta, page 5 of the filed PDF · View the filing
Total assets: INR199.59 crores (FY26)
p. 5
“Total assets increased to INR199.59 crores.”
Mukul Gupta, page 5 of the filed PDF · View the filing
Cash and bank balances: INR88.62 crores (FY26 year-end)
p. 5
“Cash and bank balances at the year-end stood at INR88.62 crores, while current investments increased to INR81.13 crores.”
Mukul Gupta, page 5 of the filed PDF · View the filing
Total cash and investments: approximately INR171.3 crores (as of March 31, 2026)
p. 6
“This resulted in a total cash and investment of approximately INR171.3 crores.”
Mukul Gupta, page 6 of the filed PDF · View the filing
AI-related revenue share: exceeded 10% (FY26)
p. 5
“During financial year 26, AI-related revenue exceeded 10% of total company revenue for the first time.”
Mukul Gupta, page 5 of the filed PDF · View the filing
Epitome Cloud consideration amount: about INR40 crores
p. 7
“The total consideration amount for Epitome Cloud would be about INR40 crores.”
Mukul Gupta, page 7 of the filed PDF · View the filing
Epitome Cloud topline: INR28 crores (CY26)
p. 11
“So the -- for March '26, current -- CY26 is INR28 crores.”
Sanket Harlalka, page 11 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Revenue growth — minimum 35% revenue growth in INR terms · FY27
stated firmly by Mukul Gupta
p. 6
“management is targeting a minimum 35% revenue growth in”
Mukul Gupta, page 6 of the filed PDF · View the filing
EBITDA margin — towards 33% · FY27
stated conditionally by Mukul Gupta
p. 7
“along with a gradual EBITDA margin recovery towards 33%.”
Mukul Gupta, page 7 of the filed PDF · View the filing
Revenue target — INR200 crores top line · next three years
stated as an aspiration by Mukul Gupta
p. 16
“our goal as our intention for the next three years is to achieve INR200 crores top line maintaining the current EBITDA margin and improving it.”
Mukul Gupta, page 16 of the filed PDF · View the filing
Epitome Cloud acquisition completion — 8 to 12 weeks
stated firmly by Mukul Gupta
p. 8
“We expect it to complete within 8 to 12 weeks.”
Mukul Gupta, page 8 of the filed PDF · View the filing
Dividend payout ratio — around 20% to 25% of current profit
stated as an aspiration by Sanket Harlalka
p. 21
“we plan to distribute around 20% to 25% of our current profit as a dividend.”
Sanket Harlalka, page 21 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said the total consideration is about INR40 crores, the target's topline is around INR30 crores, and the acquisition would contribute approximately 25-30% of the guided growth.
Answered by Mukul Gupta
Asked by Deepak Poddar: What is the consideration for the Epitome Cloud acquisition and its revenue contribution to the 35% growth guidance?
p. 7
“in terms of revenue contribution, we believe approximately 25% to 30% would be coming through this acquisition.”
Mukul Gupta, page 7 of the filed PDF · View the filing
Management said the 35% figure is a pessimistic projection combining roughly INR20-25 crores of organic net new revenue plus the acquisition's contribution, after accounting for churn.
Answered by Mukul Gupta
Asked by Deepak Poddar: Why has organic growth been low while 35% growth guidance is largely driven by acquisition?
p. 8
“we expect that there would be a churn of approximately 10% and then we will be adding approximately let's say INR20 crores, INR25 crores in terms of net new revenue and approximately INR30 crores through acquisition.”
Mukul Gupta, page 8 of the filed PDF · View the filing
The CFO clarified that the margin is calculated using total income (including other income) as the denominator.
Answered by Sanket Harlalka
Asked by Deepak Poddar: How is the 31% EBITDA margin calculated given other income?
p. 9
“No, no. My EBITDA margin is -- the total EBITDA is 35.79%, right, for the year? And the total revenue is INR115.6 crores. So it's 31%.”
Sanket Harlalka, page 9 of the filed PDF · View the filing
Management said Middle East disturbances led them to reduce trade show commitments there and reallocate spend to US, Europe and a new demand generation team.
Answered by Mukul Gupta
Asked by Sanket Sadh: Why did trade show spending fall short of the H2 guidance given previously?
p. 10
“we have actually reduced our commitment for trade shows in the Middle East.”
Mukul Gupta, page 10 of the filed PDF · View the filing
Management said the acquired company's adjusted EBITDA margin is in line with the company's own margin and operates in a specialized, premium-rate segment, so margins should improve.
Answered by Mukul Gupta
Asked by Chintan Parikh: Will the Epitome Cloud acquisition improve or dilute margins?
p. 12
“The margins will improve, sir.”
Mukul Gupta, page 12 of the filed PDF · View the filing
Management said profits have grown consistently since the IPO but they cannot comment on share price movements, and reiterated a three-year target to double the company before considering a main board listing.
Answered by Sanket Harlalka
Asked by Khush: Why has the share price not grown despite reported profit growth, and is the company still targeting mid-cap status?
p. 17
“Sir, since we launched our IPO, we have consistently shown profits, and it is growing in absolute terms.”
Sanket Harlalka, page 17 of the filed PDF · View the filing
Management said there was no material client loss but new contract closures took longer than expected in H2.
Answered by Mukul Gupta
Asked by Anuj Kumar Ghosh: Why did growth not reach the previously guided 15%?
p. 20
“The growth didn't happen primarily because in H2, we didn't expect whatever new contract closures that we expected, the time it took to close those new contracts has been higher.”
Mukul Gupta, page 20 of the filed PDF · View the filing
Management said no buyback is currently planned, with capital being directed toward acquisitions and organic growth instead.
Answered by Mukul Gupta
Asked by Deepak Poddar: Is the company considering a share buyback given the depressed share price?
p. 20
“Right now, we have not considered any buyback. So, we plan to utilize our capital towards growth and expansion.”
Mukul Gupta, page 20 of the filed PDF · View the filing
Management identified global economic uncertainty and AI talent availability as headwinds, while citing rising demand for AI services, cloud modernization and automation as opportunities.
Answered by Mukul Gupta
Asked by Nisheeth Srivastava: Does management see sector headwinds or tailwinds over the next three to five years?
p. 22
“the global economic uncertainty is the biggest headwind that the sector is facing right now.”
Mukul Gupta, page 22 of the filed PDF · View the filing
Risks flagged
Elongated enterprise decision-making cycles and delayed ramp-ups in large engagements
p. 4
“we expected elongated enterprise decision-making cycles and delayed ramp-ups in certain large engagements, some of which now shifted into financial year '27.”
Mukul Gupta, page 4 of the filed PDF · View the filing
Middle East investments not translating into planned H2 revenue
p. 4
“we committed a lot of financial investments toward growth in the Middle East, which didn't reflect to the planned revenue as expected in H2.”
Mukul Gupta, page 4 of the filed PDF · View the filing
Uncertainty and disruption from the West Asia crisis affecting trade show commitments
p. 9
“in H2, what we saw is a lot of disturbance that is happening and still it is not clear.”
Mukul Gupta, page 9 of the filed PDF · View the filing
Global economic uncertainty affecting the IT services sector
p. 22
“the global economic uncertainty is the biggest headwind that the sector is facing right now.”
Mukul Gupta, page 22 of the filed PDF · View the filing
Talent availability constraints around AI
p. 22
“there's -- obviously a question of talent availability around AI, which is also becoming challenging.”
Mukul Gupta, page 22 of the filed PDF · View the filing
Guidance subject to macroeconomic conditions, client spending patterns, onboarding timelines and competitive dynamics
p. 7
“This guidance reflects management's current expectations and remains subject to risk and uncertainties, including macroeconomic conditions, client spending patterns, onboarding timelines and competitive dynamics.”
Mukul Gupta, page 7 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.