Mumbai: Shares of 63 Moons Technologies Ltd. jumped nearly 15 percent on Monday after its key subsidiary, 63SATS Cybertech, issued a strong business update for the June quarter, supported by a significant expansion in its order pipeline and increasing momentum across its cybersecurity platforms.
The stock rose as much as 14.6 percent during the session, reaching an intraday peak of Rs 777.80, before easing to Rs 737.35 in afternoon trade, still up 8.66 percent. The company’s market capitalisation was approximately Rs 3,400 crore.
Order book strengthens revenue visibility
In a regulatory filing, 63 Moons reported that 63SATS Cybertech obtained an order book valued at Rs 288 crore in the first quarter of FY27. This order book accounts for nearly 82 percent of the subsidiary’s full-year revenue goal of Rs 350 crore and is over 3.3 times its total FY26 revenue of Rs 87 crore.
The company further stated that contracts totaling nearly Rs 100 crore, inclusive of applicable taxes, have already been completed and invoiced, ensuring robust revenue visibility for the rest of the financial year.
Cybersecurity business gathers pace
The subsidiary’s flagship CYBX DNA AI CyberOps platform maintained its strong growth trajectory, with total order value surpassing Rs 53 crore. New orders amounting to Rs 13 crore were obtained in the June quarter. On the consumer front, the CYBX cybersecurity super app surpassed 2 million downloads and reached 325,000 paying subscribers, indicating growing uptake of its digital security services.
The company also brought on board over 65 organisations to ensure compliance with the Digital Personal Data Protection (DPDP) Act, positioning itself to capitalise on growing demand for data privacy and cybersecurity solutions.
Focus shifts to execution
Managing Director and CEO Neehar Pathare stated that the order pipeline offers solid visibility for meeting the company’s FY27 revenue goal, while underscoring the increasing role of its intellectual property-driven business model.
Looking forward, 63SATS stated that its main focus for the rest of FY27 will be the prompt fulfillment of its existing order book, turning these orders into revenue, and sustaining strong operating margins.