eMudhra Limited has informed the Exchange regarding a press release dated May 06, 2026, titled "Press Release on the audited financial results of the company for the quarter and year ended March 31, 2026".
EMUDHRA · price
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eMudhra reported FY2026 total income of Rs. 7,132 Mn, up 35.1% year-on-year, with EBITDA at Rs. 1,654 Mn (+32.6%) and PAT at Rs. 1,100 Mn (+26.2%). Q4 FY2026 saw total income of Rs. 1,966 Mn (+31.7% YoY) and PAT of Rs. 296 Mn (+21.6% YoY). Gross margin remained stable at ~53.8%, while EBITDA margin came in at 23.2%. The company is debt-free with cash and investments of Rs. 1,269 Mn, and generated operating cash flow equal to 101.2% of PBT. International revenue now accounts for 64% of total business, growing 38.7% YoY. Enterprise Solutions is the dominant segment at 59% of revenue, growing 55% YoY (23% organic, 32% inorganic). The order book for FY2027 stands at Rs. 2,380 Mn, up 24.8% YoY. Management flagged AI as a structural tailwind — both as a driver of machine identity demand and as an expanding attack surface requiring Zero Trust and certificate lifecycle management. Post-quantum cryptography capabilities have been embedded across key platforms. Cryptas/Primesign integration is in progress with cross-sell deals expected within 1–2 quarters.
Strong all-round growth with 35% revenue expansion and 26% PAT growth signals continued execution momentum. The healthy order book, growing international mix, and AI-driven demand catalysts are positives. However, valuation appears stretched given the P/E multiple relative to growth rates.