eMudhra Limited — Investor Meet, 04-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

**eMudhra Q1 FY27 Snapshot:**

Total Income grew 27.8% YoY to ₹192.5 Cr. EBITDA jumped 40.4% to ₹50.4 Cr (26.2% margin), and PAT rose 27.9% to ₹32 Cr. Enterprise Solutions (₹162.3 Cr) led growth (~50% YoY), with Cryptas adding ₹20 Cr. Trust Services experienced a temporary dip due to a global token security standard transition, expected to normalize by September. International markets now contribute 66% of revenue. Management highlighted strong product-led growth, leveraging cybersecurity and AI trends. The company maintained its guidance of 18% organic revenue growth and 25% PAT growth, focusing on international expansion and disciplined margins.