eMudhra Limited — Investor Meet, 06-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

eMudhra reported strong Q3 FY26 financials: total income **INR 191.1 Cr** (+35.6% YoY), EBITDA **INR 44.1 Cr** (23.1% margin, 25.8% adjusted), and PAT **INR 29.0 Cr** (15.2% margin). Nine-month results also showed robust growth.

Performance was driven by product-led revenues and CRYPTAS's significant contribution (**INR 34 Cr** Q3 revenue), offsetting stagnant US services. Global cybersecurity mandates (NIS2, DORA) are fueling demand, leading to key wins in CLM, eSignature, and IAM across regions.

Management affirmed the **INR 700 Cr** FY26 revenue guidance. The outlook for FY27 is optimistic, particularly in ME, Africa, and Europe, with a strong focus on high-margin product growth. The sales pipeline exceeds **INR 400 Cr**.