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Earnings Call

eMudhra Earnings Call: Key Takeaways

eMudhra delivered strong FY26 performance with 35.1% revenue growth and 26.2% PAT growth, driven by expansion in Enterprise Solutions and international markets.

Why this was an Alfa AlertNot a filter event. FY26 results were strong but management indicated they achieved 100% of prior guidance, not a material beat.
Highlights
Revenue growth35.1% YoY for FY26; 31.7% YoY for Q4.
MarginsQ4 EBITDA margin at 22.4%; FY26 at 23.2%.
Order bookINR 2,380M (product business only); 2.2X-2.3X projected for next year.
Demand visibilityStrong momentum in US, Middle East, and Africa for DPI/security.
Management confidenceHigh; aiming to double PAT within a 3-year timeframe.

Growth

FY26 Revenue: INR 7,132M (+35%); EBITDA: INR 1,654M (+33%); PAT: INR 1,100M (+26%).

Outlook

FY27 guidance: 18% organic revenue growth; targeting 25-30% PAT growth; ambition to double PAT in 3 years.

Risks

Delays in Middle East orders due to regional conflict; long sales cycles for European banking deals.

Source

Earnings Call filed with NSE, NSE: EMUDHRA. Summary written with AI assistance from the document.

Read the document ↗

eMudhra Ltd: key numbers

Share price
₹653.45
Market cap
₹5,411 Cr
Revenue (annual)
₹701.6 Cr
Net profit (annual)
₹107.8 Cr
P/E (TTM)
47.0×Sector 41.4×
Promoter holding
54.40%+0.00% QoQ
FII holding
3.92%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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