| Revenue growth | Q2 income +19.6% YoY; H1 +23.4%; incident hit falls in H2. |
|---|---|
| Margins | EBITDA margin 24.5% in Q2; ~25% targeted FY28-30. |
| Demand visibility | PQC, DPDP demand rising; conventional digital signatures flat to 8-10%. |
| Management confidence | Balanced: confident tone, but guidance cut and incident acknowledged. |
Growth
Q2 income +19.6%, PAT +26%; enterprise platforms +36%. Operating cash flow hit by creditor payments.
Outlook
FY27 guided ~₹800 Cr revenue, ~₹125 Cr PAT (from ~₹825 Cr, ~₹137 Cr); no growth % given.
Risks
TLS incident (1% of revenue) cuts FY27 guidance ~₹25 Cr revenue, ~₹10-12 Cr PAT; US reputation, Middle East spillover.
Earnings Call Transcript filed with NSE, NSE: EMUDHRA. Summary written with AI assistance from the document.
eMudhra Ltd: key numbers
- Share price
- ₹384.45
- Market cap
- ₹3,184 Cr
- Revenue (annual)
- ₹701.6 Cr
- Net profit (annual)
- ₹107.8 Cr
- P/E (TTM)
- 26.0×Sector 46.8×
- Promoter holding
- 54.40%+0.00% QoQ
- FII holding
- 3.54%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from eMudhra Ltd
All →eMudhra Investor Presentation: Key Takeaways
Q2 FY27 revenue Rs2,070Mn (+19.6% YoY), PAT Rs334Mn (+26.3%), EBITDA margin 24.5%. Enterprise Solutions drives growth; certificate incident to hit H2 revenue.
eMudhra Results Update
eMudhra's Q2 FY27 PAT rose 26.3% to INR 334 Mn on 19.6% higher total income. It will exit its TLS certificate business, about 1% of revenue.
eMudhra Q2 FY27 Results: Net Profit ₹33.5 Cr, Up 26.9% YoY
eMudhra Ltd reported revenue from operations of ₹207 Cr (+19.7% YoY) and net profit of ₹33.5 Cr (+26.9% YoY) for Q2 FY27.
- Key figure
- Net profit ₹33.5 Cr · +26.9% YoY
eMudhra Business Update
eMudhra appointed KPMG to conduct an independent review of a previously reported incident. This follows the company's October 21 press release commitment to engage an external reviewer.
eMudhra Other Announcement
eMudhra Ltd disclosed that SES ESG revised its ESG score from 68.0 to 64.9 in its ESG Report 2026. The company states it did not engage SES ESG, and the revision relates to its certificate business.
eMudhra Credit Rating
eMudhra Limited's credit rating was revised by ICRA to [ICRA]A (Stable)/[ICRA]A1 on Rs. 35 Crore unallocated limits. The review followed a material event in the global TLS certificate business.