eMudhra reported strong Q3 FY2026 results, achieving a total income of ₹1,911 million, a 35.6% year-over-year increase. EBITDA reached ₹441 million (up 38.2% YoY), while Net Profits stood at ₹290 million, reflecting a 29.5% YoY growth. The performance was supported by a diversified revenue base across domestic and international markets.
Financial Performance Overview
eMudhra announced a robust financial performance for Q3 FY2026, demonstrating substantial growth across key metrics:
- Total Income: ₹1,911 million, a 35.6% increase compared to the previous year.
- EBITDA: ₹441 million, reflecting a 38.2% year-over-year growth, with a margin of 23.1%.
- EBIT: ₹352 million, up 36.9% year-over-year, with a margin of 18.4%.
- Net Profits: ₹290 million, a 29.5% increase compared to the previous year, with a margin of 15.2%.
Revenue Growth Diversification
The company’s revenue streams are well-diversified across geographies and solutions:
- Revenue from Operations: Increased from ₹1,389 million in Q3 FY25 to ₹1,880 million in Q3 FY26.
- Geographical Split: 63% of revenue from India, 37% from international markets.
- Segment Split: 80% from Trust services, 20% from Solutions & Services.
Key Project Wins
eMudhra secured several significant project wins, highlighting its strong market position:
- Certificate Lifecycle Management wins across IoT and Enterprise Authentication use cases in the USA.
- Renewal and upsell of Certificate Lifecycle Management with Strong Authentication across large Energy, CPG, and Financial Services customers in the DACH region.
- First eSignature workflow rollout for a large Bank in Oman.
Other Business Highlights
Several strategic initiatives contributed to eMudhra’s strong performance:
- US data centers are now live, enhancing TLS certificate issuance and lifecycle management.
- Integration of Cryptas product strengthens the eIDAS-aligned trust portfolio in Europe.
- Advanced R&D in data discovery enables automated identification of personal data for DPDP compliance.
Source: BSE
