5446172026-01-012026-03-315446172026-03-315446172025-03-315446172025-04-012026-03-315446172026-01-012026-03-31in-capmkt:OtherExpenses1Member5446172025-04-012026-03-31in-capmkt:OtherExpenses1Member5446172026-03-31OtherNoncurrentFinancialAssetsDomain15446172026-03-31OtherNoncurrentFinancialAssetsDomain25446172026-03-31OtherCurrentFinancialAssetsDomain15446172026-03-31OtherCurrentFinancialAssetsDomain25446172026-03-31OtherNoncurrentFinancialLiabilitiesDomain15446172026-03-31OtherNoncurrentLiabilitiesDomain15446172026-03-31OtherCurrentFinancialLiabilitiesDomain15446172026-01-012026-03-31in-capmkt:ReportableSegments1Member5446172026-01-012026-03-31in-capmkt:ReportableSegments2Member5446172026-01-012026-03-31in-capmkt:ReportableSegments3Member5446172026-01-012026-03-31in-capmkt:ReportableSegments4Member5446172025-04-012026-03-31in-capmkt:ReportableSegments1Member5446172025-04-012026-03-31in-capmkt:ReportableSegments2Member5446172025-04-012026-03-31in-capmkt:ReportableSegments3Member5446172025-04-012026-03-31in-capmkt:ReportableSegments4Member5446172026-01-012026-03-31in-capmkt:ReportableSegments1Member5446172026-01-012026-03-31in-capmkt:ReportableSegments2Member5446172026-01-012026-03-31in-capmkt:ReportableSegments3Member5446172026-01-012026-03-31in-capmkt:ReportableSegments4Member5446172025-04-012026-03-31in-capmkt:ReportableSegments1Member5446172025-04-012026-03-31in-capmkt:ReportableSegments2Member5446172025-04-012026-03-31in-capmkt:ReportableSegments3Member5446172025-04-012026-03-31in-capmkt:ReportableSegments4Member5446172026-01-012026-03-31in-capmkt:ReportableSegments1Member5446172026-03-31in-capmkt:ReportableSegments1Member5446172026-01-012026-03-31in-capmkt:ReportableSegments2Member5446172026-03-31in-capmkt:ReportableSegments2Member5446172026-01-012026-03-31in-capmkt:ReportableSegments3Member5446172026-03-31in-capmkt:ReportableSegments3Member5446172026-01-012026-03-31in-capmkt:ReportableSegments4Member5446172026-03-31in-capmkt:ReportableSegments4Member5446172026-01-012026-03-31in-capmkt:ReportableSegments1Member5446172026-03-31in-capmkt:ReportableSegments1Member5446172026-01-012026-03-31in-capmkt:ReportableSegments2Member5446172026-03-31in-capmkt:ReportableSegments2Member5446172026-01-012026-03-31in-capmkt:ReportableSegments3Member5446172026-03-31in-capmkt:ReportableSegments3Member5446172026-01-012026-03-31in-capmkt:ReportableSegments4Member5446172026-03-31in-capmkt:ReportableSegments4Member5446172026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15446172025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15446172026-01-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15446172025-04-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares544617EXCELSOFTNOTLISTEDINE606N01019EXCELSOF TECHNOLOGIES LIMITEDMain BoardEquity2025-04-012026-03-312026-05-222026-05-12INRMillionsQuarterlyFourth quarterMulti segment2026-05-2215:30:002026-05-2220:05:00trueCash Flow IndirectNot applicable2026-01-012026-03-31AuditedConsolidated81162000055290000866910000000357330000608000060950000208610000632970000233940000-6720000227220000609700002600006123000001659900000000165990000-912000015687000000001150840000101.51.5001.51.5Notes to Statement of Consolidated Financial Results for the quarter and year ended March 31, 2026: <BR> 1 In terms of regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, this statement of Unaudited Consolidated Financial Results for the quarter and year ended March 31, 2026 ("consolidated financial results") of Excelsoft Technologies Limited (the "Holding Company" or the "Company") and its subsidiaries (together referred to as “the Group”) has been approved by the Board of Directors at their meeting held on May 22, 2026 and has been reviewed by Audit committee at meeting held on May 22, 2026. <BR> 2 The Consolidated Financial Results of the Group have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards ("IND AS") as prescribed under section 133 of the Companies act 2013, and as amended, read with relevant rules thereunder and in terms of regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended and SEBI Circular No.CIR/CFD/CMD1/44/2019 dated March 29, 2019. <BR> 3 During the year ended March 31, 2026, the Holding Company has completed its Initial Public Offer of 4,16,66,666 equity shares of face value of INR 10/- each, comprising of fresh issue of 1,50,00,000 equity shares and 2,66,66,666 equity shares offered for sale by the selling shareholders. The Holding Company has allotted 1,50,00,000 fully paid-up equity shares of face value of INR 10/- each on November 24, 2025. The equity shares were issued at a price of INR 120 per equity share (including a share premium of INR 110 per equity share). Pursuant to the aforesaid allotment of equity shares, the issued, subscribed and paid-up equity share capital of the Holding Company stands increased to INR 1,150.84 million (11,50,84,164 equity shares of INR 10/- each face value) and securities premium stands increased to INR 1,497.28 million. The Holding Company's equity shares were listed on National Stock Exchange of India Limited and BSE Limited on November 26, 2025. <BR> The details of utilisation of IPO proceeds (fresh issues) net-off estimated IPO expenses are as follows: <BR> Amount in INR Million <BR> Particulars Net IPO proceeds to be utilised as per prospectus Utilisation of IPO <BR> proceeds until <BR> March 31, 2026 Un-utilised IPO <BR> proceeds until <BR> March 31, 2026 <BR> (A) Funding of capital expenditure for purchase of land and construction of new building at the Mysore property; 617.66 329.80 287.86 <BR> (B) Funding expenditure for upgradation including external electrical systems of our existing facility at Mysore, India; 395.11 - 395.11 <BR> (C) Funding upgradation of our Company’s IT Infrastructure (software, hardware and communications and network services). 546.35 106.90 439.45 <BR> General corporate purpose 89.80 77.91 11.89 <BR> Total 1,648.92 514.61 1,134.31 <BR> The net proceeds which are unutilised as at March 31, 2026 are temporarily deposited and invested in the monitoring account and fixed deposit by the Holding Company. <BR> 4 The financial results of the Holding Company on standalone basis is as follows: Amount in INR Million <BR> Particulars Quarter ended Year ended <BR> March 31, 2026 December 31, 2025 March 31, 2025 March 31, 2026 March 31, 2025 <BR> Revenue from operations 812.56 713.25 698.62 2,730.96 2,330.26 <BR> Profit before tax and exceptional item 221.96 180.25 270.18 626.77 588.52 <BR> Profit for the period / year 155.04 110.30 203.26 422.51 340.53 <BR> Total comprehensive income for the period / year ended 148.30 109.58 202.42 409.61 333.13 <BR> <BR> <BR> <BR> <BR> <BR> 5 Based on the “management approach” as defined in IND AS 108 Operating Segments, the Chief Operating Decision Maker (‘CODM’) evaluates the Group’s performance and allocates resources based on an analysis of various performance indicators by business segments. The accounting principles used in the preparation of the financial results are consistently applied to record revenue and expenditure in individual segments. The executive management of the Group examines performance on the basis of its business units and has identified four reportable segments: Assessment and proctoring solutions, Educational technology services, Learning and student success solutions and Learning design and content solutions. <BR> Amount in INR Million <BR> Particulars Quarter ended Year ended <BR> March 31, 2026 December 31, 2025 March 31, 2025 March 31, 2026 March 31, 2025 <BR> Segment revenue: <BR> Assessment and proctoring solutions 237.78 149.59 229.70 743.64 629.66 <BR> Educational technology services 435.57 466.52 318.15 1,536.21 1,274.93 <BR> Learning and student success solutions 116.14 68.57 91.62 321.60 274.66 <BR> Learning design and content solutions 22.13 25.66 59.71 123.76 153.66 <BR> Total 811.62 710.34 699.18 2,725.21 2,332.91 <BR> Segment results: <BR> Assessment and proctoring solutions 145.28 55.30 143.38 394.16 300.33 <BR> Educational technology services 212.79 295.46 201.32 855.88 781.21 <BR> Learning and student success solutions 44.55 (0.78) 19.72 22.15 (40.12) <BR> Learning design and content solutions (8.44) 2.78 34.20 19.33 46.87 <BR> Total 394.18 352.76 398.62 1,291.52 1,088.29 <BR> Unallocable other income 55.72 46.89 53.43 188.02 156.22 <BR> Less: Unallocable finance cost 3.87 7.35 3.31 26.41 36.21 <BR> Less: Unallocable depreciation expenses 14.66 11.24 13.44 50.48 68.34 <BR> Less: Other unallocable expenses 190.77 247.66 163.34 809.22 544.46 <BR> Less: Tax expense 74.61 30.44 67.17 159.62 248.54 <BR> Profit after tax 165.99 102.96 204.79 433.81 346.96 <BR> 6 As of November 26, 2025, upon the official listing of the Holding Company’s shares, Pedanta Technologies Private Limited ("Pedanta") will no longer be considered the parent Company. This transition results from the significant dilution of Pedanta’s shareholding from 43.12% to 14.32% following the public listing. Based on management’s assessment, Pedanta will be unable to demonstrate control over the Group and, as such, no longer holds the status or rights of a parent entity over the Group post-listing. <BR> 7 On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour and Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Group has assessed and disclosed the incremental impact of these changes on the basis of legal opinion obtained and the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Group has presented such incremental impact as "Impact of Labour Codes" under "Exceptional items" in the consolidated interim statement of profit and loss for the quarter ended December 31, 2025 and for the year ended March 31, 2026. The incremental impact consisting of gratuity of INR 42.22 million and long-term compensated absences of INR 5.22 million primarily arises due to change in wage definition. The Group continues to monitor the finalisation of Central/State rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. <BR> 8 Previous quarter's/year's figures have been regrouped/reclassified wherever necessary to conform with current year classification. <BR> 9 The figures for the quarter ended March 31, 2026 are the balancing figures between audited figures in respect of the full financial year upto March 31, 2026 and the reviewed figures for the nine months ended December 31, 2025. The figures for the quarter ended March 31, 2025 are the balancing figures between audited figures in respect of the full financial year upto March 31, 2025 and the figures for the nine months ended December 31, 2024, which are neither subject to review nor audit. <BR> 10 The figures for the corresponding quarter ended March 31, 2025 as reported in the statement have been approved by the Holding Company's Board of Directors but have not been subjected to limited review, since the requirement of submission of quarterly consolidated financial results is applicable on listing of equity shares of the Holding Company effective from the quarter ended September 30, 2025. <BR> <BR> 11 The above Unaudited Consolidated Financial Results of the Group are available on the Company's website www.excelsoftcorp.com and also that of BSE (www.bseindia.com) and NSE (www.nseindia.com). <BR> <BR> <BR> 2025-04-012026-03-31AuditedConsolidated272521000018613000029113400000001390320000352600002412800006036100002270470000640870000-47440000593430000183360000-2374000015962000004338100000000433810000-7470000426340000000011508400001027121500004.124.12004.124.12Other expenses208610000Other expenses6036100005709900000012418000087963000012240000000004382000024613900002505210000042024100000046409000064871000081232000006546800002579800000025798000000067822100001150840000463242000057832600000578326000000004819000048190000245200000340000000331850000659240000081800001802500001884300001758000020601000088360000453400000339710000009989500006782210000Right-of-use assets63160000Other financial assets2398230000Other financial assets314820000Other current assets339860000Lease Liabilities48190000Other current liabilities331850000Lease Liabilities17580000Assessment and proctoring solutions237780000Educational technology services435570000Learning and student success solutions116140000Learning design and content solutions22130000Assessment and proctoring solutions743640000Educational technology services1536210000Learning and student success solutions321600000Learning design and content solutions1237600008116200002725210000008116200002725210000Assessment and proctoring solutions145280000Educational technology services212790000Learning and student success solutions44550000Learning design and content solutions-8440000Assessment and proctoring solutions394160000Educational technology services855880000Learning and student success solutions22150000Learning design and content solutions193300003941800001291520000387000026410000149710000671680000240600000593430000Assessment and proctoring solutions0Educational technology services0Learning and student success solutions0Learning design and content solutions0000Assessment and proctoring solutions0Educational technology services0Learning and student success solutions0Learning design and content solutions0000352600000-112620000000-90640000-1146800000107090000000241280000032720000404200001003100000-5050000000-68300000000022726000082069000000-1856000001419200008560000501730000000000000527960000110000000-12240000000000001071420000399200000000184090000015430000-15620700000018000000000017238000000026589000000352600000-232700001303200000242860000024286000084100000326960000Re-measurement gains / (lossess) on defined benefit plans1077000010770000Re-measurement gains / (lossess) on defined benefit plans255000025500002710000640000Exchange differences on translation of foreign operations-17180000-17180000Exchange differences on translation of foreign operations-9380000-938000000-9120000-7470000