Internet service provider Excitel reported a profit after tax of ₹40 crore in the financial year ended March 2026 (FY26), reversing a ₹70 crore net loss in FY25. The company’s operating revenue remained largely flat at ₹530 crore in FY26, compared to ₹516 crore the previous year, according to inc42.com.
Excitel attributed its profitability to improved margins and a strategic recalibration of its geographic reach and go-to-market strategies. CEO Varun Pasricha said the company spent around ₹100 crore on manpower and ₹80 crore on network expansion. The startup also trimmed its footprint by exiting unprofitable cities while growing in existing markets, which helped contain costs despite flat revenue.
The ISP’s EBITDA rose 2.5 times year-on-year to ₹75 crore in FY26, supported by total expenses of ₹460 crore. Last-mile connectivity, managed through partnerships with local cable providers, accounted for ₹200 crore of expenses, with Excitel sharing 38% of its revenue with these partners. The company’s focus on margin improvement contrasts with many peers that prioritize rapid top-line growth.
Excitel’s financial turnaround highlights the impact of targeted geographic expansion and cost control in the competitive Indian ISP sector. The company’s next financial update will be closely watched to assess whether it can sustain profitability while pursuing growth, as it balances network investments with operational efficiency.