| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 188.01 | 8.8% | 35.4% |
| Total Income | 191.06 | 9.2% | 35.6% |
| Expenditure | 156.96 | 10.6% | 35.9% |
| PBT | 34.10 | 3.3% | 34.2% |
| Net Profit | 29.00 | 9.7% | 29.5% |
| OPM | 21.86% | 2.00pp | 9.74pp |
| NPM | 15.18% | 0.07pp | 0.72pp |
| EPS | 3.50 | 13.3% | 35.7% |
eMudhra Ltd Reports 35.6% YoY Income Growth in Q3 FY26 with Strong Margins
02 Feb 2026 · 2 Feb, 7:23 pm
Summary
eMudhra Ltd, a digital trust, digital security and paperless transformation solution provider, announced its financial results for Q3 FY26 ended on December 31, 2025. The company reported a 35.6% YoY growth in revenue, with EBITDA margin at 23.1% and PAT margin at 15.2%.
Key Highlights
- 1
Revenue for the quarter was INR 1,910.6 million, an increase of 35.6% from the previous year
- 2
Operating expense for the quarter was INR 891.9 million
- 3
Gross profit for the quarter was INR 1,018.7 million, representing a gross margin of 53.3%
- 4
EBITDA for the quarter was INR 441.4 million, with an EBITDA margin of 23.1%
- 5
Net income for the quarter was INR 290.0 million, with a net margin of 15.2%
- 6
Enterprise Revenue split between India and International is 37:63
- 7
Enterprise Revenue split between Partner and Direct is 40:60
- 8
Enterprise Revenue split between Cyber Security and Paperless segments is 70:30
- 9
Our US data centers are live, enabling local TLS certificate issuance and lifecycle management
Management Comments
V. Srinivasan
Executive Chairman, eMudhra Limited
We are pleased to report a strong third quarter, marked by a more diversified revenue base across products and geographies. While the US services business is experiencing reduced growth and margins, this was offset by increased product-led revenues across markets and improved performance from Europe following the Cryptas acquisition, resulting in better overall margins.
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