eMudhra reports strong Q2 FY26 results, driven by revenue growth

eMudhra Limited reported strong Q2 FY26 results, with revenue from operations reaching INR 1,749.5 million, a 22.6% year-over-year increase. Gross profit for the quarter was INR 976.3 million, representing a gross margin of 55.8%. The company’s EBITDA stood at INR 433.3 million, with an EBITDA margin of 24.8%, while net income reached INR 264.4 million, contributing to a net margin of 15.1%. Basic earnings per share (EPS) for the quarter rose by 14.4% to INR 3.09.

The company's half-year performance also reflected strong growth, with revenue from operations at INR 3,255.7 million, a 37.0% increase over FY25. Adjusted EBITDA for the half-year was INR 864.4 million, and PAT was INR 514.7 million, up 27.1% from the previous year. Strategic initiatives like the acquisition of AI Cyber Forge Inc. and the integration of Cryptas (acquired on July 1, 2025) contributed to the robust performance, despite Cryptas incurring a loss of INR 15.6 million this quarter.

V. Srinivasan, executive chairman, highlighted strong revenue growth and new client wins across the US, Middle East, India, and Asia Pacific, with Europe also contributing from the Cryptas acquisition. Key project wins included CertiNext implementation in North America and rollouts of emSigner enterprise solutions for banks in Qatar and UAE, reinforcing the company's position in digital trust and cybersecurity.