| Revenue growth | Q2 revenue +19.6% YoY, +8.8% QoQ |
|---|---|
| Margins | EBITDA 24.5% vs 26.2% Q1, 24.1% Q2FY26 |
| Demand visibility | PQC deadlines: NSA Jan 2027, India 2029-30 |
Growth
Revenue Rs2,070Mn, +19.6% YoY and +8.8% QoQ. H1 total income Rs4,018Mn, +23.4%. Enterprise Solutions +36% YoY; Trust Services -6%.
Outlook
Company expects ~5-6% H2 FY27 revenue decline from incident. UAE trust services licence pending. No explicit capex guidance.
Risks
Certificate security incident: ~5-6% H2 FY27 revenue decline. Public SSL/TLS (~1% of revenue) discontinued. Receivables rose to Rs2,283Mn.
Investor Presentation filed with NSE, NSE: EMUDHRA. Summary written with AI assistance from the document.
eMudhra Ltd: key numbers
- Share price
- ₹384.45
- Market cap
- ₹3,184 Cr
- Revenue (annual)
- ₹701.6 Cr
- Net profit (annual)
- ₹107.8 Cr
- P/E (TTM)
- 26.0×Sector 46.5×
- Promoter holding
- 54.40%+0.00% QoQ
- FII holding
- 3.54%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from eMudhra Ltd
All →eMudhra Results Update
eMudhra's Q2 FY27 PAT rose 26.3% to INR 334 Mn on 19.6% higher total income. It will exit its TLS certificate business, about 1% of revenue.
eMudhra Q2 FY27 Results: Net Profit ₹33.5 Cr, Up 26.9% YoY
eMudhra Ltd reported revenue from operations of ₹207 Cr (+19.7% YoY) and net profit of ₹33.5 Cr (+26.9% YoY) for Q2 FY27.
- Key figure
- Net profit ₹33.5 Cr · +26.9% YoY
eMudhra Business Update
eMudhra appointed KPMG to conduct an independent review of a previously reported incident. This follows the company's October 21 press release commitment to engage an external reviewer.
eMudhra Other Announcement
eMudhra Ltd disclosed that SES ESG revised its ESG score from 68.0 to 64.9 in its ESG Report 2026. The company states it did not engage SES ESG, and the revision relates to its certificate business.
eMudhra Credit Rating
eMudhra Limited's credit rating was revised by ICRA to [ICRA]A (Stable)/[ICRA]A1 on Rs. 35 Crore unallocated limits. The review followed a material event in the global TLS certificate business.
eMudhra Business Update
eMudhra is exiting its global SSL/TLS certificate business to sharpen focus on core enterprise solutions. This segment contributes approximately 1% of the company's global revenue.