EMUDHRA LIMITED

During the earnings call held on July 30, 2026, eMudhra Limited reported a strong start to FY27, with total income growing by 28% year-over-year to INR 1,925 million and EBITDA increasing by over 40% to INR 504 million, resulting in an EBITDA margin of 26.2%. Profit after tax also grew by 28% YoY to INR 320 million, maintaining a PAT margin of 16.6%. Management noted that approximately 13% of the total income growth was attributed to the Cryptas acquisition, while the Enterprise Solutions segment grew by about 50% YoY, contributing 65% of total income. The company highlighted successful sales in international markets, particularly in Europe, and discussed the temporary decline in Trust Service revenue due to a transition to a new global security standard. Management set a goal of achieving organic growth of 18% and PAT growth of 25% for the year. The call concluded with management emphasizing their focus on innovation and international expansion.

Management highlighted strong financial performance and growth opportunities.