Transcript of the Earning Call held on May 07, 2026
EMUDHRA · price
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eMudhra reported strong FY26 results with total income of INR 7,132 million, up 35% YoY, and PAT of INR 1,100 million, up 26% YoY. The company has a 5-year PAT CAGR of 30.5%. Enterprise Solutions (59% of revenue) grew 55% YoY driven by product sales, while Trust Services (20%) grew 32% and Pure Services (21%) remained flat. North America contributed 34% of revenue, India 36%, and international markets now account for 64% of total revenue. The company won a major TLS certificate order from a US university consortium (InCommon) with 700 universities. For FY27, management guided for 18% organic revenue growth and 27-28% PAT growth, with an ambition to double PAT over 3 years. Order book stands at INR 238 crores (product business only).
The earnings call shows strong execution with accelerating product-led growth and international expansion. Management guidance of 18% revenue growth and near-28% PAT growth indicates margin improvement from higher product mix. The disclosed order pipeline and multi-year PAT doubling target provide visibility for investors.