Excelsoft Technologies Limited has released the transcript of its Earnings Conference Call with Analysts and Investors held on December 15, 2025. The call provided an in-depth overview of the company's business segments, which include Assessment and Proctoring Solutions, Learning and Student Success Solutions, Education Technology Services, and Learning Design and Content Solutions. The company highlighted its strong focus on AI-enabled products and solutions, referred to as 'AI-Levate,' which are integrated across its offerings to enhance item creation, content quality, marking efficiency, and proctoring intelligence. Excelsoft emphasized its deep domain expertise in digital learning and assessment, serving over 200 organizations across 19 countries. During the call, the Chairman and Managing Director, Mr. Dhananjaya Sudhanva, discussed the company's journey since its founding in 2000 and its recent IPO, which successfully raised ₹500 crore. Proceeds from the IPO are being utilized for expansion, including the construction of a new development center and upgrades to existing facilities. The Head of Strategy, Mr. Prashanth H. M., detailed key business developments, including strategic partnerships with AQA and VTCT Skills, aimed at developing responsible AI solutions for high-stakes assessments and delivering vocational assessments. He also noted healthy traction across all product lines and broad-based geographical growth, with North America remaining the largest market. The Chief Financial Officer, Mr. Subramaniam Ravi, presented the financial performance for Q2 and H1 FY'26. Revenue from operations for Q2 FY'26 stood at ₹646 million, a 20% increase year-on-year, with EBITDA growing by 26% to ₹175 million. For H1 FY'26, revenue was ₹1,203 million, a 10.9% increase, while PAT showed significant growth of 254% to ₹164.9 million, partly due to a deferred tax impact in the previous year. The company maintained a strong balance sheet with a net debt-to-equity ratio of 0.07. Discussions also covered the cyclicality of the business, with H2 typically being heavier than H1 due to customer budget cycles and renewal of large annual license arrangements. The company clarified its strategy regarding its Learning Design and Content Solutions segment, emphasizing its supportive role to the core technology platforms, and highlighted ongoing traction in Learning and Student Success platforms. The capabilities of the assessment platform, including handling various question types, AI-powered scoring, and programming assessments, were also elaborated upon.