Canarys Automations Limited — Investor Meet, 03-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Canarys Automations Limited has announced a board meeting to consider the financial results for the quarter and half-year.

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Canarys Automations’ FY25 saw 19% revenue growth to INR90.6 Cr, with the technology solutions segment growing 24% YoY. EBITDA stood at INR14.1 Cr (15.5% margin) and PAT at INR8.3 Cr (9.2% margin). The company completed 248 projects, added 63 customers, and holds an order book of INR165 Cr, led by technology solutions (INR105 Cr).

The acquisition of Fortira Inc., a U.S. AI/ML and IT consulting firm, for USD2.55 million (51% stake), adds ~USD15 million to the order book and strengthens Canarys’ North America presence. Fortira's revenue is expected to grow this year under new leadership, with synergies from Canarys’ solutions.

Management emphasized a shift from services to product-led offerings, with investments in AI, cloud, and automation talent—currently 35% of employees are upskilling. Water resource management remains ~35% of revenue but will decline proportionately as technology solutions scale.

Margins faced slight compression due to strategic investments and market conditions, but management expects margin improvement as growth stabilizes. The order book contains over 60% multi-year contracts, providing revenue visibility.

Growth outlook is positive, driven by global expansion, product innovation, and cross-selling opportunities from the Fortira acquisition. Management remains focused on integrating Fortira and scaling solutions, with no immediate plans for further acquisitions. Cash flow is positive with low debt, supporting a disciplined capital approach.

Investor sentiment is confident, highlighted by clear strategic direction and a robust technology-led transformation.