eMudhra Reports Strong Q2 FY26 Performance with 22.6% YoY Revenue Growth and Strategic Acquisitions
eMudhra reports strong Q2 FY26 results with 22.6% YoY revenue growth, driven by North American deals and Cryptas acquisition. Adjusted PAT grew 17.4% YoY. Company also completed acquisition of AI Cyber Forge Inc.
The announcement details the company's financial performance for the quarter and half-year, which is a key indicator for investors. Strong growth figures and strategic business developments have a significant impact on investor perception and future outlook.
The company reported strong double-digit growth in total income, EBITDA, and PAT. Strategic acquisitions and a healthy deal pipeline indicate positive future prospects, despite minor impacts on margins from one-time events.
* eMudhra Limited has released its Earnings Presentation for the financial results for the quarter and half year ended September 30, 2025, which was circulated to investors and analysts for the Earnings Call scheduled on Wednesday, November 05, 2025. * The company reported a total income of ₹1,749.5 million (₹174.95 crore) for Q2 FY26, marking a 22.6% year-on-year (YoY) growth. For the half year (H1 FY26), total income grew 37.0% YoY to ₹3,255.7 million (₹325.57 crore). * EBITDA for Q2 FY26 stood at ₹433.3 million (₹43.33 crore), up 28.1% YoY, with a margin of 24.8%. Adjusted EBITDA was ₹456.0 million (₹45.60 crore), a 25.1% YoY increase. * Net Profits (PAT) for Q2 FY26 reached ₹264.4 million (₹26.44 crore), an 18.6% YoY increase, with a margin of 15.1%. Adjusted PAT was ₹287.1 million (₹28.71 crore), up 17.4% YoY. * Basic EPS for Q2 FY26 was ₹3.09, showing a 14.4% YoY growth. * The company achieved strong and diversified revenue growth with sustained margins, driven by a healthy deal pipeline in the North American market, the acquisition of Cryptas International GMBH, and steady revenue from India, Asia Pacific, and MEA. * EBITDA and PAT margins were impacted by a partner stock buyback in the Indian trust services business (₹27.7 million or ₹2.77 crore) and a loss from Cryptas (₹15.6 million or ₹1.56 crore), which is expected to turn profitable in the next two quarters. * Key project wins include CertiNext implementation in North America, emCA implementation for a government project in Malaysia, rollout of Certificate Lifecycle Management for a UAE Government Authority, and continued acquisition of BFSI clients in India. * eMudhra completed the acquisition of AI Cyber Forge Inc. in the US, specializing in Key and Secrets Management, complementing its cybersecurity solutions. It is also strengthening products for the European market with Cryptas and taking their products to non-European markets. * The company's roadmap includes converged identity, privileged access, data privacy stack, and crypto agility, focusing on Generative AI capabilities for adaptive risk-based scoring and natural language instructions.
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