63MOONS - 63 Moons Tech.

📊 NSE: 63MOONS 🏢 Computers - Software - Medium / Small 📅 Last Updated: 12/13/2025 17:33

💰 Financial Performance

Revenue Growth by Segment

Consolidated Revenue from Operations grew 137.7% YoY, reaching INR 5,074.85 Lakhs in H1 FY26 compared to INR 2,134.86 Lakhs in H1 FY25. Software services/solutions represent the primary integrated mix, while 'Other' segments include process management and NBFC services.

Geographic Revenue Split

Not specifically disclosed in available documents, though the company operates primarily in India with domestic subsidiaries reflecting assets of INR 78,950.71 Lakhs as of September 30, 2025.

Profitability Margins

Net Profit from continuing operations for H1 FY26 stood at INR 1,964.14 Lakhs, a significant turnaround from a loss of INR 1,715.22 Lakhs in H1 FY25. This represents a net margin of approximately 38.7% on total income of INR 5,074.85 Lakhs.

EBITDA Margin

Operating profit before working capital changes remained negative at INR 13,291.54 Lakhs for the full year ended March 31, 2025, reflecting high fixed costs relative to operating revenue, though H1 FY26 shows improvement in total income.

Capital Expenditure

Capital expenditure on property, plant, and equipment was INR 292.95 Lakhs for H1 FY26, down 59.7% from INR 727.62 Lakhs in H1 FY25.

Credit Rating & Borrowing

Finance costs for H1 FY26 were INR 36.79 Lakhs, a 43% increase from INR 25.73 Lakhs in H1 FY25. Specific credit ratings and interest rate percentages were not disclosed.

⚙️ Operational Drivers

Raw Materials

As a technology firm, primary 'raw materials' are human capital (Employee benefits: 30.9% of total income) and Legal/Professional services (13.8% of total income).

Import Sources

Not applicable as the company provides software and IT services; however, technical talent is sourced domestically in India.

Key Suppliers

Not disclosed; the company relies on internal software development and third-party technical service providers.

Capacity Expansion

The company is pivoting toward Blockchain and Cybersecurity to create a niche and expand its technological landscape. Current capacity is focused on software services and IT infrastructure sharing.

Raw Material Costs

Employee benefit expenses were INR 3,818.52 Lakhs in H1 FY26, up 4.1% YoY. Legal and professional charges were INR 1,706.39 Lakhs, down 18.3% YoY from INR 2,088.31 Lakhs.

Manufacturing Efficiency

Not applicable; the company believes segment disclosure for capital employed is not practicable due to interchangeable asset use.

Logistics & Distribution

Not applicable; services are delivered digitally or via IT infrastructure sharing.

📈 Strategic Growth

Expected Growth Rate

Not disclosed in available documents

Growth Strategy

The company aims to achieve growth by penetrating newer areas of operations, specifically Blockchain technology and Cybersecurity. This involves introducing an innovative product range with embedded advanced technologies to expand horizons in the evolving tech landscape.

Products & Services

Software services, IT infrastructure sharing, NBFC related services, and process management. Legacy products included ODIN, MATCH, and STP-Gate (all recently divested).

Brand Portfolio

63moons, ODIN (sold), MATCH (sold), STP-Gate (sold).

New Products/Services

Innovative product range in Blockchain and Cybersecurity; expected revenue contribution not yet quantified in documents.

Market Expansion

Strategic ventures are planned to penetrate newer areas of operations and create a niche in high-tech sectors.

Strategic Alliances

Not specifically named, but the company mentions strategic business ventures to provide a firm ground for robust performance.

🌍 External Factors

Industry Trends

The industry is shifting toward decentralized technologies (Blockchain) and enhanced security. 63moons is positioning itself to pivot from traditional exchange software to these emerging tech sectors.

Competitive Landscape

The company faces competition from global and domestic technology firms in the ever-evolving technological landscape.

Competitive Moat

The company's moat lies in its deep domain expertise in financial technology, though the sale of its flagship ODIN platform requires it to rebuild its competitive advantage in Blockchain.

Macro Economic Sensitivity

Highly sensitive to interest rates as 'Other Income' (primarily interest-driven) reached INR 15,609.03 Lakhs in FY25, significantly impacting the bottom line.

Consumer Behavior

Increased demand for secure and transparent financial transactions is driving the shift toward Blockchain-based solutions.

Geopolitical Risks

General economic and political factors in India and internationally are cited as risks to actual performance.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Companies Act 2013 and Indian Accounting Standards (Ind AS). The company is also subject to the MPID Act, 1999, regarding asset attachments.

Environmental Compliance

Not disclosed; as a software company, environmental impact is relatively low.

Taxation Policy Impact

Tax expense for H1 FY26 was INR 349.98 Lakhs on continuing operations.

Legal Contingencies

Pending NSEL merger/scheme under Section 230(6) of the Companies Act 2013. Investment of INR 20,000 Lakhs in ITNL (IL&FS subsidiary) bonds faced a write-off/impairment of INR 11,920.55 Lakhs due to resolution processes.