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Capillary Technologies FY25: SaaS Company Turns Profitable In Run Up To IPO
- SaaS company Capillary Technologies turned profitable in the run up to its IPO, reporting a profit after tax of INR 13.3 Cr in FY25 compared to a loss of INR 59.4 Cr in FY24.
- This marks Capillary's second attempt at public listing, with plans to raise funds for cloud infrastructure, R&D, and acquisitions through its IPO.
- In FY25, Capillary's operating revenue increased to INR 598.3 Cr, with the retail sector contributing the highest share followed by healthcare, BFSI, and consumer packaged goods.
- The company emphasizes the US market, aiming to acquire small to mid-sized companies in the loyalty sector to further penetrate this market.
- Capillary's revenue sources include retainer services, installation services, and campaign services, with a total income of INR 611.9 Cr in FY25.
- The company managed to reduce total expenses in FY25 to INR 533.3 Cr, with the largest expenses comprising employee benefits, software and server charges, consultancy expenses, and other miscellaneous expenses.
- North America was Capillary's biggest market, accounting for 57% of its operating revenue in FY25, while Asia-Pacific contributed 24%.
- Capillary's top customer accounted for 16.5% of its top line in FY25, showcasing long-term relationships with marquee clientele.
- The company focused on scaling enterprise-grade loyalty solutions, discontinuing certain products and businesses to align with this strategic direction.
- Capillary's FY25 performance saw a notable turnaround from losses in previous fiscal years, signaling positive growth and profitability for the SaaS company.
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