Shares of Canarys Automations Ltd remained in focus after the company secured a ₹1 crore order from Protiviti India to develop an AI-powered project management platform based on SAP.
The stock, which has a market capitalisation of about ₹113 crore, was trading at ₹1,009.55, up 0.72% from the previous close of ₹1,002.30.
Details of the contract
In an exchange filing dated June 10, 2026, Canarys Automations said it had received a domestic order from Protiviti India.
The contract involves building an Intelligent Enterprise Portfolio and Project Management (EPPM) platform with AI-driven analytics.
The scope of work includes:
- Data gathering.
- Data validation.
- Reporting functions.
- Project planning and tracking capabilities.
The platform will be developed on SAP EPPM.
Key details of the order are:
- Order value: ₹1 crore.
- Duration: Six months.
- Nature: Domestic contract.
- Related party transaction: No.
Why the client is significant
Protiviti is a global consulting firm with annual revenue of $2.3 billion.
It is a wholly owned subsidiary of Robert Half Inc. (NYSE: RHI), an S&P 500 company.
According to the company, Protiviti has worked with nearly eight out of ten of the top 100 corporations in the United States.
FY25 financial performance
Canarys reported revenue from operations of ₹85.96 crore in FY25, compared with ₹74.49 crore a year earlier.
Total income stood at ₹87.46 crore.
Despite higher revenue, profit remained largely unchanged.
- FY25 net profit: ₹8.79 crore.
- FY24 net profit: ₹8.77 crore.
Basic earnings per share declined to ₹1.56 from ₹1.90, mainly due to an increase in the number of shares.
Fortira acquisition boosts growth
In April 2025, the company acquired a 51% stake in US-based AI firm Fortira.
According to the company, the addition of Fortira’s business and growth in its technology operations helped drive strong growth during the first half of FY26.
Compared with the corresponding period, the company reported:
- Income growth of around 166% to ₹101.7 crore.
- Profit of roughly ₹9 crore, nearly double the earlier level.
The company said spending on talent, product development and overseas expansion affected margins.
Business profile
Founded in 1991, Bengaluru-based Canarys Automations is listed on the NSE SME platform.
The company provides technology solutions in:
- Artificial intelligence.
- Cloud computing.
- Automation.
- Application modernisation.
It serves customers across sectors including:
- BFSI.
- Healthcare.
- Manufacturing.
- Retail.
The company said it remains almost debt-free, while promoters hold around 58% of the equity.
TL;DR:
Canarys Automations has secured a ₹1 crore order from Protiviti India to build an AI-powered SAP project management platform. The six-month contract comes as the company expands its AI business following its acquisition of a majority stake in US-based Fortira.
AI summary:
- Canarys Automations received a ₹1 crore order from Protiviti India.
- The project involves an AI-enabled SAP EPPM platform.
- The contract duration is six months.
- FY25 revenue rose to ₹85.96 crore, while profit remained flat.
- The company acquired a 51% stake in AI firm Fortira in April 2025.
