EMUDHRANSEeMudhra LimitedHighNeutral
Announced Tue, 4 Nov · 19:32 IST

eMudhra Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.

Revenue Growth 20pctPat Growth 25pctResults View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

eMudhra Limited reported strong consolidated results for Q2 FY26, with operating income of Rs. 1,728.75 million, up about 22% year-on-year from Rs. 1,412.16 million. For the half year, consolidated revenue rose to Rs. 3,201.74 million from Rs. 2,336.58 million in H1 FY25, a growth of around 37%. Consolidated profit after tax for H1 FY26 grew about 27% YoY to Rs. 514.66 million (vs Rs. 404.95 million), with Q2 standalone PAT at Rs. 66.96 million. Basic EPS for the quarter stood at Rs. 3.09 versus Rs. 2.70 in Q2 FY25. During the quarter, the company completed two acquisitions: a 51% stake in Austria-based Cryptas International GmbH for EUR 5.0 million and a 100% stake in US-based AI CyberForge Inc for USD 4.80 million, both effective July 1, 2025. Auditor Suri & Co issued an unqualified limited review report with no qualifications.

Likely market impact

This is a positive print with strong YoY top-line and bottom-line growth, likely to be well received by the market. The acquisitions significantly expand eMudhra's global footprint in cybersecurity and digital trust services, and are expected to be key growth drivers going forward, though integration risks and cash outflows (cash and equivalents dropped to Rs. 452.88 million from Rs. 1,012.52 million) warrant monitoring.