eMudhra Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹147Cr
- +59.8% YoY
- 0% QoQ
- Net profit
- ₹25Cr
- +38.9% YoY
- +4.2% QoQ
- Margin
- 24%
- −5 pp YoY
- 0 pp QoQ
Guidance rank: #32 of 39 in IT - Services
See the sector's top 10 — free with your mobile number.
eMudhra Ltd Q1 FY26 key numbers
- Revenue
- Token volume shortage eased, leading to INR 1.5-2 crore revenue increase in Trust Services.
As stated in eMudhra Ltd's Q1 FY26 earnings call transcript · published 5 Aug 2026. Reported figures, not investment advice.
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 from eMudhra Ltd's call on revenue
Create a free account to keep reading this call
Profitability & Margins
EMudhra expects continued growth driven by a balanced mix of organic and inorganic (acquisitive)…
Locked: what eMudhra Ltd said on margins
Also locked on this page: fundraising
Free account, 30 seconds. No card needed.
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 from eMudhra Ltd's call on capex
Create a free account to keep reading this call
Top-ranked in IT - Services
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
EMudhra Limited does not currently plan to raise new funds through debt or equity.
Locked: what eMudhra Ltd said on fundraising
Also locked on this page: margins
Free account, 30 seconds. No card needed.
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).
- Several new project wins across geographies, including Managed PKI and TLS for a global FMCG, Certificate Lifecycle Management for a UAE bank, Identity & Access Management for a government tax platform in Asia, and others indicate an active and growing order pipeline (Page 4).
- The company is expanding internationally and securing large enterprise and government contracts, underlying a growing and healthy order book (Pages 4, 12, 13).
eMudhra Ltd — Quarterly revenue & net profit
eMudhra Ltd Q1 FY26 results — key figures
| ₹ Cr | Q1 FY26 | Q1 FY25 | YoY | Q4 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 147 | 92 | +59.8% | 147 | 0% |
| Operating profit (EBITDA) | 35 | 27 | +29.6% | 35 | 0% |
| Operating margin | 24% | 29% | -5 pp | 24% | 0 pp |
| Profit before tax | 31 | 24 | +29.2% | 31 | 0% |
| Net profit (PAT) | 25 | 18 | +38.9% | 24 | +4.2% |
| EPS (₹) | 3.00 | 2.16 | +38.9% | 2.88 | +4.2% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹207 Cr, net profit ₹33 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What eMudhra's management said in earlier quarters
Others in IT - Services this season
- Expleo Solutions (Q1 FY26)
Operating Revenue for Q1 FY26: Rs 2,596.5 million, up 3.0% YoY from Rs 2,521.7 million in Q1 FY25 (Page 10). Key concall takeaways from Expleo Solutions Ltd's…
- IZMO (Q1 FY26)
56.51 crores, up 18.77% YoY from Rs. Key concall takeaways from IZMO Ltd's Q1 FY26 earnings call — and how it ranks against sector peers.
- Intense Technologies (Q1 FY26)
The increasing international business contribution (currently 30%) is seen as a critical growth driver. Key concall takeaways from Intense Technologies's Q1 FY2
- Zaggle Prepaid (Q1 FY26)
FY '26 Q1 revenue grew robustly by 31.4% YoY, reaching INR 331 crores. Key concall takeaways from Zaggle Prepaid Ocean Services Ltd's Q1 FY26 earnings call…
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Services
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Arthneeti Pro · Annual
eMudhra Ltd and 15K+ more earnings calls,
for less than your morning chai
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
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.
Keep eMudhra Ltd on your radar — track it to get its next earnings analysis in your feed.
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.