Shares of 63 Moons Technologies rallied 9.20% to Rs 836.80 on Monday after the company announced a strong business update from its material subsidiary, 63SATS Cybertech Ltd, for the half year ended September 2026. The subsidiary reported a sharp increase in billing and raised its FY27 billed revenue guidance, citing strong first-half momentum and a strengthening pipeline for the second half.
According to the investor update, 63SATS Cybertech's provisional billed revenue for H1FY27 stood at Rs 218 crore, around 2.5 times the Rs 87 crore billed during the entire FY26. Billing increased from Rs 102.57 crore in Q1 to Rs 115.64 crore in Q2, indicating continued momentum during the first half.
The subsidiary also reported strong execution, with around 55% of the Rs 400 crore business booked during H1 already billed. The company said its order book is translating into billed revenue within the same financial year, supported by the execution of projects and payment of applicable GST and other taxes.
FY27 revenue guidance raised
On the back of strong first-half performance and an improving H2 pipeline, 63SATS Cybertech raised its FY27 billed revenue guidance to Rs 600 crore from the earlier estimate of Rs 350 crore. The revised guidance signals an increase in the subsidiary's revenue expectations for the full financial year.
The subsidiary also reported an expansion in its client base. The number of enterprise clients increased to 107 in H1FY27 from 72 in FY26. Its Digital Personal Data Protection (DPDP) pipeline grew to 105 from 65 in Q1FY27, while its consumer base stood at 2.5 million.
According to the update, revenue is diversified across multiple clients and intellectual property (IP) modules, reducing dependence on any single client or business segment.
63 Moons Technologies share price performance
The stock has gained around 21% over the past three months. At current levels, the company commands a market capitalisation of approximately Rs 3,863 crore. Its 52-week high stands at Rs 957.95.
However, the company's latest quarterly financial performance presented a mixed picture. In the June 2026 quarter, consolidated revenue from operations rose to Rs 137 crore from Rs 30 crore in the June 2025 quarter. Despite the revenue growth, the company reported a consolidated net loss of Rs 46 crore, compared with a net profit of Rs 1 crore in the year-ago quarter.
Foreign institutional investors (FIIs) increased their stake in the company to 1.61% in the June 2026 quarter from 1.31% in the previous quarter.
According to Trendlyne technical data, 63 Moons Technologies was trading above five of its eight simple moving averages (SMAs), indicating a mixed technical trend.
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