e

eMudhra Ltd
NSE:EMUDHRA

Watchlist Manager
eMudhra Ltd
NSE:EMUDHRA
Watchlist
Price: 565.2 INR -1.2%
Market Cap: 46.2B INR

eMudhra Ltd
Investor Relations

eMudhra Ltd is a IN-based company operating in Professional Services industry. The company is headquartered in Bangalore, Karnataka and currently employs 560 full-time employees. The company went IPO on 2022-05-31. eMudhra Limited is an India-based company. The firm is engaged in the business of providing Digital Trust Services and Enterprise Solutions to individuals and organizations functioning in various industries. The company is a one stop shop player in secure digital transformation and provides a spectrum of services and solutions from issuance of certificates as a certifying authority to offering identity, authentication and signing solutions. Its customers use its data centers and digital solutions to access business systems and store data concerning, among other things, their employees, contractors, partners and customers is essential to their use of its platform, which collects, uses, stores, transmits, and otherwise processes customers’ information and personal data. The company serves several of its customers through its own data centers located in Bengaluru and Salem.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 5, 2025
AI Summary
Q2 2026

Revenue Growth: eMudhra reported Q2 FY26 total income of INR 174.95 crores, up 22.6% year-on-year, with strong contributions from multiple regions.

Profitability: Q2 net profit was INR 26.44 crores, yielding a net margin of 15.1%. EBITDA margin was 24.8%.

Guidance Reaffirmed: Management reaffirmed FY26 revenue guidance of INR 675–700 crores, and expects PAT margin to be around 15.5% to 16%, even accounting for the Cryptas acquisition.

Product vs Services: Product business is driving growth, while the services segment remains stagnant due to visa issues and market challenges, especially in the US.

Acquisition Update: Cryptas contributed INR 22 crores in Q2; integration is ongoing and expected to be profitable within two quarters. AICyberForge is being integrated and will be included in product offerings next quarter.

US Market Expansion: US data centers are now operational, regulatory hurdles cleared, and a local team is in place. Several large US product deals are in the pipeline.

Cash Position: Cash reserves stand at INR 102 crores after completing two acquisitions; no further acquisitions planned in the next six months.

Trust Services Growth: Significant increase in eSignature volumes boosting trust service revenue, with annual expectations raised to INR 120–130 crores.

Key Financials
Total Income (Q2 FY26)
INR 174.95 crores
EBITDA (Q2 FY26)
INR 43.33 crores
EBITDA Margin (Q2 FY26)
24.8%
Net Profit (Q2 FY26)
INR 26.44 crores
Net Margin (Q2 FY26)
15.1%
Gross Profit (Q2 FY26)
INR 97.63 crores
Gross Margin (Q2 FY26)
55.8%
Total Income (H1 FY26)
INR 325.57 crores
EBITDA (H1 FY26)
INR 81.32 crores
EBITDA Margin (H1 FY26)
25%
PAT (H1 FY26)
INR 51.47 crores
PAT Margin (H1 FY26)
15.8%
Operating Cash Flow (H1 FY26)
INR 54.58 crores
Cash and Cash Equivalents (H1 FY26 End)
INR 45.29 crores
Trust Services Revenue (FY26E)
INR 120–130 crores (expected for FY26)
Other Earnings Calls

Management

Mr. Venkatraman Srinivasan
Founder & Executive Chairman
No Bio Available
Mr. Ritesh Raj Pariyani
Chief Financial Officer
No Bio Available
Mr. A. M. Kiran
Senior Vice President of Operations & Administration
No Bio Available
Mr. Kaushik Srinivasan
Executive Vice President of Engineering & Technology
No Bio Available
Mr. Venu Madhava
Whole Time Director & Head ? Legal and Human Resources
No Bio Available
Mr. Biju Varghese
Executive Vice President of Alliance, Partnerships & APAC
No Bio Available
Mr. Janarthanan S
Senior VP & Head of Customer Success
No Bio Available
Mr. Arvind Srinivasan
Executive Vice President of International Sales and Marketing
No Bio Available
Mr. Scott Rea
Senior VP & Global Strategic Advisor
No Bio Available
Mr. Carmine Auletta
Managing Director for European Market
No Bio Available

Contacts

Address
KARNATAKA
Bangalore
eMudhra Digital Campus, No 12-P1-A & 12-P1-B, Hi-Tech Defence and Aerospace Park (IT sector), Jala Hobli, B.K. Palya
Contacts
+9108042275300
www.emudhra.com