eMudhra Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹193Cr
- +31.3% YoY
- +2.7% QoQ
- Net profit
- ₹30Cr
- +25% YoY
- +3.4% QoQ
- Margin
- 22%
- −2 pp YoY
- 0 pp QoQ
Guidance rank: #32 of 39 in IT - Services
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The short version
FY27 organic top-line growth expected around 18%, building on a 19% organic growth last year. FY27 Organic Revenue Growth: Expected around 15%-18%, likely about 18%.
From eMudhra Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY27 organic top-line growth expected around 18%, building on a 19% organic growth last year.
- Enterprise Solutions segment anticipated to drive 25%-30% revenue growth, being the main growth driver.
- Trust Services expected to grow at around 20% in FY27, primarily in India.
- Service segment projected to remain flat, aligning with industry trends.
- US product business showing strong momentum with 25%-30% growth expected next year, supported by large deals like the InCommon consortium.
- Growth opportunities in Middle East, Africa, and Asia-Pacific markets through ongoing discussions and potential deals.
2 more points from eMudhra Ltd's call on revenue
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Profitability & Margins
FY27 Organic Revenue Growth: Expected around 15%-18%, likely about 18%.
Locked: what eMudhra Ltd said on margins
Also locked on this page: fundraising
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Capital Expenditure Plans
- EMudhra has invested in data centers in the US, Europe, UAE, and India to meet data sovereignty requirements across key markets.
- They plan selective bolt-on acquisitions focused on AI-based cybersecurity capabilities or market expansion, primarily targeting US-based companies in AI-integrated identity authentication and cybersecurity suites.
- R&D investments are ongoing in post-quantum cryptography (PQC), CertiNext, and SecurePass, with POCs in progress and expected deployments in financial services, defense, and critical government agencies.
2 more points from eMudhra Ltd's call on capex
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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
They indicated openness to selective bolt-on acquisitions, primarily in the US and AI-based cybersecurity…
Locked: what eMudhra Ltd said on fundraising
Also locked on this page: margins
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Order Book & Pipeline
- The disclosed order book stands at INR 238 crores, largely pertaining to the product business.
- The company typically projects revenues at about 2 times the order book value.
- Due to the Middle East war starting end-February, some Middle East orders expected in March were delayed but are still anticipated to materialize.
2 more points from eMudhra Ltd's call on order book
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eMudhra Ltd — Quarterly revenue & net profit
eMudhra Ltd Q4 FY26 results — key figures
| ₹ Cr | Q4 FY26 | Q4 FY25 | YoY | Q3 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 193 | 147 | +31.3% | 188 | +2.7% |
| Operating profit (EBITDA) | 42 | 35 | +20% | 41 | +2.4% |
| Operating margin | 22% | 24% | -2 pp | 22% | 0 pp |
| Profit before tax | 33 | 31 | +6.5% | 34 | -2.9% |
| Net profit (PAT) | 30 | 24 | +25% | 29 | +3.4% |
| EPS (₹) | 3.50 | 2.88 | +21.5% | 3.46 | +1.2% |
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.
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What eMudhra's management said in earlier quarters
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Plans to deploy 30% of the first 3,000 ZeroTouch machines in the next financial year and another 30%-35% following year, scaling revenue accordingly. Key…
- Enser (Q4 FY26)
Revenue from operations for H2FY26: ₹57.37 Cr, up 49% YoY from H2FY25 ₹38.46 Cr. Key investor presentation takeaways from Enser's Q4 FY26 investor presentation
- Orient Technologies (Q4 FY26)
Total Income for FY 25-26: ₹8,706.66 Million, reflecting an increase of ₹243.79 Million Year-on-Year (YoY) (Page 15) . Key investor presentation takeaways from
- Enfuse Solutions (Q4 FY26)
Revenue from Operations (Consolidated) for Q4 FY25-26: ₹2,683.69 Lakhs . Key investor presentation takeaways from Enfuse Solutions's Q4 FY26 investor presentati
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Services
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were eMudhra Ltd Q4 FY26 results?
FY27 organic top-line growth expected around 18%, building on a 19% organic growth last year. FY27 Organic Revenue Growth: Expected around 15%-18%, likely about 18%.
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 invested in data centers in the US, Europe, UAE, and India to meet data sovereignty requirements across key markets.
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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.