India · Delayed Price · Currency is INR eMudhra Earnings Call Transcripts
Fiscal Year 2026
-
FY 2026 saw 35% revenue growth and 26% PAT growth, led by enterprise solutions and international expansion. FY 2027 guidance targets 18% organic revenue growth and 25%-30% PAT growth, with product-led momentum and major wins in the U.S. and Europe.
-
Historical allegations regarding the 2010 sale and preference share redemption have been revived by new management at 3i Infotech. The speaker asserts all actions were above board, supported by independent valuations and documentation, and expresses confidence in legal resolution.
-
Q3 FY26 saw 35.6% YoY revenue growth to INR 1,911 million, driven by product-led expansion and strong European performance post-Cryptas acquisition. Margins remained robust, with adjusted EBITDA at 25.8%, and the order pipeline exceeds INR 4,000 million.
-
Q2 FY 2026 saw 22.6% year-over-year revenue growth, with strong margins and broad-based geographic contributions. Product business is driving growth, while services face visa-related headwinds. Integration of CRYPTAS and AI CyberForge, plus U.S. data center launches, position the company for continued expansion.
-
Q1 FY26 saw 58.8% year-over-year income growth, strong margins, and robust international expansion, driven by strategic acquisitions and product innovation. FY26 revenue guidance is INR 650–700 crore, with stable margins expected despite short-term integration impacts.
Fiscal Year 2025
-
A 51% stake in Cryptas International is being acquired to expand digital trust services into Europe, leveraging eIDAS accreditation and client-side solutions. The deal includes cost-saving synergies, cross-selling opportunities, and aims to improve profitability and market reach over the next two years.
-
Q3 FY25 saw 41.6% year-over-year income growth, with strong overseas traction and robust margins. Guidance for FY25 and FY26 remains positive, with continued R&D investment and key wins in cybersecurity and digital trust. Cash reserves are stable, and acquisition opportunities are being explored.
-
Q2 FY25 saw 47.5% year-over-year income growth, strong margins, and robust expansion in enterprise and trust services. Regulatory changes impacted certificate volumes but improved realizations, while new acquisitions and product integrations drove growth across regions.
-
Q1 FY 2025 saw 70.7% revenue growth year-on-year, with strong performance in enterprise solutions and international markets. Regulatory changes impacted trust services, but improved realizations and new acquisitions are expected to drive future growth.