Shares of 63 Moons Technologies rallied 12.47% to ₹860.30 on Monday, hitting the day's high against the previous closing price of ₹764.85. According to reports from Business Standard, the subsidiary reported ₹218.21 crore in provisional billed revenue for the first half of FY27, representing a sharp increase from ₹87 crore billed during the entire FY26. Billing momentum was sustained throughout the half-year, rising from ₹102.57 crore in Q1 to ₹115.64 crore in Q2. The subsidiary's performance was particularly strong, with provisional billed revenue for H1FY27 standing at ₹218.21 crore, around 2.5 times the ₹87 crore billed during the entire FY26. A combined 19 million shares changed hands on BSE and NSE during the trading session.
The subsidiary raised its FY27 billed revenue guidance to ₹600 crore from ₹350 crore, citing strong execution and a growing business pipeline. As reported by Business Standard, approximately 55% of the ₹400 crore business booked during H1 has already been billed, with the company executing projects and paying applicable GST and other taxes. The subsidiary also expanded its client base significantly, with enterprise clients increasing to 107 in H1FY27 from 72 in FY26. The company's Digital Personal Data Protection (DPDP) pipeline grew to 105 from 65 in Q1FY27, while its consumer base stood at 2.5 million. Additionally, the company's order book came in at ₹400 crore during the period, with Q2 seeing an addition of ₹112 crore. The company noted that revenue is diversified across multiple clients and intellectual property (IP) modules, reducing dependence on any single client or business segment.
The positive subsidiary news drove strong market response, with shares rallying 12.47% to ₹860.30 against the broader market weakness. According to Business Standard, the stock was trading at ₹816.45 as of 12:32 PM, up 6.75% while BSE Sensex was down 0.70% at 71,963. The stock's all-time high level stands at ₹3,048, touched on June 29, 2007, while its 52-week high is ₹957.70, hit on August 2, 2026. Technical analyst Harish Jujarey from Prithvi Finmart noted that after a strong recovery from 467 to 957, the stock has been consolidating in a broad range of 735-950. He expects the stock may see some profit booking and could fill today's gap before resuming its upward move towards 900 and then 950.
Despite the positive subsidiary performance, the company's latest quarterly results presented a mixed picture. As reported by The Economic Times, consolidated revenue from operations rose significantly to ₹137 crore in the June 2026 quarter from ₹30 crore in the June 2025 quarter. However, the company reported a consolidated net loss of ₹46 crore compared with a net profit of ₹1 crore in the year-ago quarter. The company noted that revenue is diversified across multiple clients and intellectual property (IP) modules, reducing dependence on any single client or business segment.
