Canarys Automations Ltd
Canarys Automations Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company has delivered around 20% growth over the last 2 years, which can be extrapolated for future growth. Historical growth has been around 20% annually; recent H1 FY '26 results show strong momentum above past years.
From Canarys Automations Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company has delivered around 20% growth over the last 2 years, which can be extrapolated for future growth.
- Fortira's consolidated order book is healthy (~$15 million), with plans to cross-sell Canarys' solutions to existing and new customers, targeting gradual growth over the next 24 months.
- IT solutions order book stands at INR 150 crores, with water resource management (WRM) adding ~INR 50 crores, maintaining a healthy total order book of INR 200+ crores.
- Multi-year contracts (3-5 years) form a significant part of the WRM business; 35%-40% of IT solutions contracts are also multi-year.
- Growth drivers include sectors such as Banking, Retail, Insurance, Manufacturing, Pharmaceutical, Healthcare, and IT.
- Organic growth is complemented by inorganic plans.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Canarys Automations Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Canarys is investing significantly in product development, particularly in proprietary solutions like AURYIS and the Canarys Migration Hub (CMH), to move higher up the value chain from services to solutions and products.
- The intangible assets (capitalized product development costs) have increased from INR 3-5 crores to INR 7-8 crores and are expected to grow further over the next 12-18 months as development and commercialization efforts continue.
- Investments are also being made in attracting and hiring senior leaders, sales, marketing, and expanding presence in North America, which adds to capital outlays.
- The company is focusing on AI, ML, and data skills upgradation, indicating ongoing investments in talent development.
2 more points management made on capital expenditure plans
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Fundraising & Capital Structure
See what Canarys Automations Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current standalone Canarys Automation order book: INR 208 crores
- IT solutions order book (including Canarys Automation and Canarys Corp): INR 150 crores
- Water Resource Management (WRM) order book: INR 50+ crores
- Fortira order book: Approximately USD 12-15 million (around INR 100-130 crores)
- Total consolidated order book including Fortira roughly INR 350-360 crores
- About 35-40% of IT solutions order book is multi-year; WRM contracts are 3-5 years long
- Order book growth considered healthy though no very large new orders after the May 2024 ~$13 million order
2 more points management made on order book & pipeline
Continue your research
What Canarys Automations Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Canarys Automations Ltd Q2 FY26 results?
The company has delivered around 20% growth over the last 2 years, which can be extrapolated for future growth. Historical growth has been around 20% annually; recent H1 FY '26 results show strong momentum above past years.
What is Canarys Automations Ltd share price analysis?
Canarys Automations Ltd currently shows a neutral. The stock trades at a P/E of 10.0 with a market cap of ₹138 Cr. Investors should review the full earnings analysis for detailed insights.
Is Canarys Automations Ltd planning capital expenditure?
Canarys is investing significantly in product development, particularly in proprietary solutions like AURYIS and the Canarys Migration Hub (CMH), to move higher up the value chain from services to solutions and products.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.