eMudhra Ltd
eMudhra Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Revenue for FY26 is expected around INR 675-700 crores, possibly slightly above INR 700 crores considering organic growth and acquisitions. - Enterprise order book has grown by 28% year-on-year, indicating healthy future sales pipeline. - U.S. eMudhra expects continued growth driven by a balanced mix of organic and inorganic (acquisitive) expansion, with a long-term trend of 20-25% growth from acquisitions alongside organic growth.
From eMudhra Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Revenue for FY26 is expected around INR 675-700 crores, possibly slightly above INR 700 crores considering organic growth and acquisitions.
- Enterprise order book has grown by 28% year-on-year, indicating healthy future sales pipeline.
- U.S. product business currently at ~INR 80 crores annually, expected to grow but large-scale expansion anticipated over 2-3 years.
- Token volume shortage eased, leading to INR 1.5-2 crore revenue increase in Trust Services.
- Pricing and partner commission strategy adjustments aim to recapture larger reseller partners, improving DSC sales volumes.
- Larger deal sizes are increasing to INR 10-20 crores range; bidding for very large deals (INR 50-100 crores) considered through system integrators.
2 more points management made on revenue & sales performance
Profitability & Margins
See what eMudhra Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- eMudhra has completed the acquisition of AI CyberForge to complement its product portfolio, enabling quicker market entry in cybersecurity areas where they currently lack products, avoiding a 1-1.5 year build time.
- The company has set up an on-premise data center in the U.S., with audit completion expected by mid-August 2025. This will allow issuing certificates locally in the U.S.
- Plans to deploy 1-2 operational staff in the U.S. to handle time zone and client servicing improvements.
- Organizing two conferences (September and November 2025) targeting CIOs and CTOs to boost visibility and business pipeline in the U.S.
2 more points management made on capital expenditure plans
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what eMudhra Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Enterprise order book has grown by 28% year-over-year as per Venkatraman Srinivasan (Page 14).
- Average deal size in cybersecurity is around INR 10 crores to INR 20 crores; the company is also preparing to bid for larger deals of INR 50 crores to INR 100 crores in the future (Page 13).
- Order book details for Enterprise Solutions were not immediately available but will be provided later (Page 13).
2 more points management made on order book & pipeline
eMudhra Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹193 Cr, net profit ₹30 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What eMudhra's management said in earlier quarters
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Frequently Asked Questions
What were eMudhra Ltd Q1 FY26 results?
Revenue for FY26 is expected around INR 675-700 crores, possibly slightly above INR 700 crores considering organic growth and acquisitions. - Enterprise order book has grown by 28% year-on-year, indicating healthy future sales pipeline. - U.S. eMudhra expects continued growth driven by a balanced mix of organic and inorganic (acquisitive) expansion, with a long-term trend of 20-25% growth from acquisitions alongside organic growth.
What is eMudhra Ltd share price analysis?
eMudhra Ltd currently shows a neutral. The stock trades at a P/E of 37.6 with a market cap of ₹4,332 Cr. Investors should review the full earnings analysis for detailed insights.
Is eMudhra Ltd planning capital expenditure?
eMudhra has completed the acquisition of AI CyberForge to complement its product portfolio, enabling quicker market entry in cybersecurity areas where they currently lack products, avoiding a 1-1.5 year build time. - The company has set up an on-premise data center in the U.S., with audit completion expected by mid-August 2025.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.