eMudhra Limited — Investor Meet, 30-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

eMudhra reported strong Q1 FY26 results: Total income at INR 150.6 Cr (+58.5% YoY), PAT at INR 25 Cr (+37.5%). EBITDA margin was 25.2%. Growth was driven by US, Middle East, India, and APAC. Strategic acquisitions include Cryptas (Europe expansion) and AI CyberForge ($4.8M) for secure credential management. The company is expanding into Kazakhstan, Sri Lanka, and Nepal. US product business is INR 18-20 Cr/quarter, with 20 new customers. FY26 revenue outlook is updated to INR 675-700 Cr, including acquisitions. Management expects to maintain 16-16.5% PAT margin. The enterprise order book grew 28%. Overall confident on market opportunities.