eMudhra announced its Q2 and H1 FY27 financial results, showcasing a 19.6% YoY growth in total income for Q2, reaching INR 2,090 million. EBITDA for the quarter was INR 513 million, with profit after tax at INR 334 million. The company also detailed the impact of a TLS incident, which is expected to reduce FY27 total income by INR 20-23 crore and PAT by INR 10-12 crore.
eMudhra Reports Q2 and H1 FY27 Financial Performance
eMudhra Limited has announced its financial results for the second quarter and first half of the financial year 2027. The company reported a total income of INR 209 crore for the second quarter, a nearly 20% increase year-on-year. EBITDA for the quarter stood at INR 51.3 crore, with a margin of 24.5%, and profit after tax was INR 33.4 crore, up 26% on a YoY basis.
For the first half of FY27, total income grew by 23% to INR 402 crores, and profit after tax increased by 27% to INR 65.4 crores. The company highlighted that growth is being driven by enterprise solutions, which now constitute two-thirds of its revenue, and by international markets.
TLS Incident Impact and Business Strategy
eMudhra also addressed a certificate security incident in its TLS business that occurred in October. The company has decided to exit the sale of publicly trusted TLS certificates, which accounted for approximately 1% of revenue. This decision is attributed to declining business trends and the impact of free DV certificates offered by major players. The incident is expected to reduce FY27 total income by INR 20 crore to INR 23 crore and PAT by approximately INR 10 crore to INR 12 crore, primarily in the second half of the fiscal year.
The company emphasized that its digital signatures, e-sign, and other enterprise platforms remain unaffected. The focus will now shift to its core platform and private PKI opportunities. eMudhra also announced plans to host an investor meet in Mumbai on December 2nd.
Financial Highlights (Q2 & H1 FY27)
Q2 FY27 Performance:
- Total Income: INR 2,090 million (19.6% YoY growth)
- Gross Profit: INR 1,167 million (19.6% YoY growth) with a margin of 55.8%
- EBITDA: INR 513 million (21.6% YoY growth) with a margin of 24.5%
- Profit After Tax (PAT): INR 334 million (26.3% YoY growth) with a margin of 16%
H1 FY27 Performance:
- Total Income: INR 4,018 million (23.4% YoY growth)
- Gross Profit: INR 2,230 million (27.2% YoY growth) with a margin of 56.5%
- EBITDA: INR 1,017 million (30.2% YoY growth) with a margin of 25.3%
- Profit After Tax (PAT): INR 654 million (27% YoY growth) with a margin of 16.3%
Source: BSE
