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eMudhra Ltd

Q4 FY26IT - Services

eMudhra Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹541
Market cap₹4.3K Cr
P/E37.7
Updated23 Aug 2026
Read4 min read

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 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 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.
  • Continued investment in embedding agentic AI capabilities across platforms to enhance cybersecurity offerings.

2 more points management made on capital expenditure plans

Top-ranked in IT - Services

Ranked on what management guided this quarter

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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

  • 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.
  • Management projects next year's revenue from the current order book at approximately 2.2X to 2.3X the INR 238 crores.

2 more points management made on order book & pipeline

eMudhra Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹193 Cr, net profit ₹30 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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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.

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.