eMudhra Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Published 25 Aug 2026 | IT - Services | Market Cap: ₹4.5K Cr
eMudhra expects organic revenue growth of 18-20% per year over the next three years. eMudhra aims to double PAT over three years (FY27 to FY29) with organic growth of 18-20% annually in revenue.
From eMudhra's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Price
₹544
Market Cap
₹4.5K Cr
P/E Ratio
38.9
Revenue Rank
Margin Rank
How does eMudhra rank in IT - Services?
Compare eMudhra against every IT - Services company this quarter on revenue, margins and earnings-call signals.
eMudhra — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹193 Cr, net profit ₹30 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 3- →eMudhra expects organic revenue growth of 18-20% per year over the next three years.
- →The Enterprise Solution segment is anticipated to grow at a faster pace of 20-25% annually.
- →Trust Service revenue is expected to grow at a moderate rate of 15-20%.
- →Service business growth is predicted to be negligible.
- →The company aims to double PAT in the next three years (FY27-FY29), with overall revenue growth being more moderate.
- →International markets, especially Europe, North America, Middle East, and Africa, are key growth drivers, with Cryptas contributing notable revenue.
- →Product sales, including SecurePass and CertiNext, have healthy pipelines and expected expansion into new markets such as the U.S., Middle East, and Asia Pacific.
- →Transition to post-quantum cryptography and AI-enabled solutions are expected to open new growth opportunities.
- →Some temporary volume impact in Trust Services due to regulatory transitions but expected to normalize post-September.
📈 Profitability & Margins
Rank 3- →eMudhra aims to double PAT over three years (FY27 to FY29) with organic growth of 18-20% annually in revenue.
- →Enterprise Solutions expected to grow 20-25% per year, driving profitability growth.
- →PAT growth target is 25% per annum, with EBITDA margin maintained around 25% and PAT margin around 16-16.5%.
- →Current profitability margins may slightly improve; major investments in senior hires expected to stabilize.
- →Growth in Trust Services and Transformation Services expected but at a moderate pace.
- →Cryptas acquisition contributes to revenue and is expected to turn profitable in FY27, improving overall margins.
- →Management maintains a disciplined growth strategy focused on profitable product-led expansion and international footprint.
- →Key KPIs to monitor include order book metrics for Enterprise Solutions, which historically correlate to revenue growth.
🏗️ Capital Expenditure Plans
Yes- →The company has not explicitly detailed large current or future capex in the transcript.
- →There is mention of selective acquisitions based on reasonable valuations and strategic fit; they pursue value-driven acquisitions cautiously.
- →Recent acquisition of Cryptas (INR 20 crore contribution) is highlighted, with integration efforts underway, indicating ongoing strategic investment.
- →Expansion includes hiring senior executives in international markets (e.g., Europe) as part of growth strategy, which involves higher personnel costs.
- →Investment in R&D is maintained, aligned with cybersecurity trends, including development of AI-powered capabilities and new product modules (e.g., PrivaTrust Consent Management).
- →No mention of leveraging debt; preference is to avoid borrowing to keep leverage low and avoid borrowing burden.
- →Future investments likely focused on organic growth (18-20% revenue growth target), expanding product portfolio internationally, and innovative AI/cybersecurity solutions rather than heavy capex.
💰 Fundraising & Capital Structure
No- →The management has stated that they have not borrowed much so far and prefer to avoid high borrowing to prevent a borrowing burden.
- →While higher leverage can improve Return on Equity (ROE), they currently choose a conservative approach on borrowing.
- →No specific mention of any planned new fundraising through debt or equity was made during the Q1 FY27 earnings call.
- →The focus remains on organic growth with disciplined capital management.
- →Any acquisitions pursued will be value-driven and aligned with the company's philosophy, avoiding high-risk and overpriced opportunities.
📋 Order Book & Pipeline
YesKey Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were eMudhra Q1 FY27 results?
eMudhra expects organic revenue growth of 18-20% per year over the next three years. eMudhra aims to double PAT over three years (FY27 to FY29) with organic growth of 18-20% annually in revenue.
What is eMudhra share price analysis?
eMudhra currently shows a below-average growth signal. The stock trades at a P/E of 38.9 with a market cap of ₹4,479 Cr. Investors should review the full earnings analysis for detailed insights.
Is eMudhra planning capital expenditure?
The company has not explicitly detailed large current or future capex in the transcript.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.