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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
eMudhra Ltd

eMudhra Q2 FY27 Net Profit Rises 26.3% YoY to INR 334 Million

RESULTS ▲ Positive Development LOW RISK
📅 Filed on BSE: 04 Nov 2026, 07:45 PM IST  ·  BSE ID: 893dfd10-48e4-49c5-8e5d-545f22f7a1e2
View Original BSE Filing (PDF)
💡
In Simple Terms
eMudhra's profit rose by 26.3% to INR 334 million in Q2 FY27, while it plans to exit its TLS certificate business.
🤖 AI Summary
  • eMudhra's Q2 FY27 consolidated net profit increased 26.3% year-on-year to INR 334 million.
  • Total Income for Q2 FY27 grew 19.6% year-on-year, reaching INR 2,093 million.
  • EBITDA for Q2 FY27 stood at INR 513 million, maintaining a 24.5% margin.
  • The company will cease sale of TLS certificates, a business contributing approximately 1% of global revenue.
  • Enterprise Solutions revenue grew 36% year-on-year, now comprising 66% of total revenue.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Total Income (Q2 FY27)
2,093 INR Million
19.6%
EBITDA (Q2 FY27)
513 INR Million
21.6%
EBITDA Margin (Q2 FY27)
24.5%
PAT (Q2 FY27)
334 INR Million
26.3%
PAT Margin (Q2 FY27)
16.0%
Basic EPS (Q2 FY27)
3.99 INR
29.2%
Total Income (H1 FY27)
4,018 INR Million
23.4%
PAT (H1 FY27)
654 INR Million
27.1%
🏢 How This Affects the Company
📈
Business Impact
The decision to exit the TLS certificate business, representing approximately 1% of revenue, will allow eMudhra to sharpen focus on Core Enterprise Platforms, eSign, and Digital Signature offerings. Enterprise Solutions revenue growth of 36% YoY suggests a continued shift towards higher-growth segments.
💰
Financial Impact
Consolidated PAT increased 26.3% YoY to INR 334 million, indicating improved profitability. Total Income growth of 19.6% YoY to INR 2,093 million supports top-line expansion. EBITDA margin was 24.5% and PAT margin was 16.0% for Q2 FY27.
⚙️
Operational Impact
The company's strategic exit from the TLS certificate business streamlines operations by removing a segment with reduced business potential and ROI. International markets now contribute 66% of revenue, indicating successful global expansion and diversified revenue streams with new wins in Kazakhstan and Nigeria.
⚠️
Risk Impact
The certificate security incident in the TLS business, though representing 1% of revenue, highlights operational risks. The decision to exit this segment mitigates future risks associated with its reduced business potential and any further security incidents within that specific line of business.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results press release.
👤
Who Is Affected
Shareholders are affected by the company's financial performance, with consolidated net profit increasing 26.3% YoY to INR 334 million, impacting the overall valuation of their holdings. The strategic exit from the TLS business redefines the company's future revenue mix.
🔍
Management Signal
Management's commentary signals a strategic focus shift towards Core Enterprise Platforms, eSign, and Digital Signature offerings, moving away from lines of business with reduced ROI, such as TLS certificates.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Q3 FY27 results — monitor impact of TLS business exit on total revenue and margins.
Progress on UAE Trust Services license — track regulatory approval status.
Update on KPMG independent external review of certificate security incident.
LOW RISK The TLS business exit addresses a security incident and a low-ROI segment, reducing future specific risks.
💡 Investor Takeaway
eMudhra reported a Q2 FY27 consolidated net profit of INR 334 million, up 26.3% YoY, on Total Income of INR 2,093 million, a 19.6% YoY increase. The company plans to cease its TLS certificate business, which contributed approximately 1% of global revenue.
⚖️ Strengths & Concerns

✅ Positives

  • Q2 FY27 consolidated net profit increased 26.3% year-on-year to INR 334 million, demonstrating strong profitability growth.
  • Total Income for Q2 FY27 grew 19.6% year-on-year to INR 2,093 million, indicating robust revenue expansion.

⚠️ Concerns

  • Q2 FY27 EBITDA Margin decreased to 24.5% from 26.2% in Q1 FY27, a quarter-on-quarter decline.
  • Q2 FY27 PAT Margin decreased to 16.0% from 16.6% in Q1 FY27, also indicating a quarter-on-quarter reduction.
📅 Company Track Record
eMudhra Ltd has consistently shown revenue and profit growth in recent periods. Q1 FY27 consolidated net profit rose 27.87% to INR 319.97 million. For FY2026, Total Income grew 35.1% to Rs. 7,132 Mn, and PAT was up 26.2%.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was eMudhra's consolidated net profit in Q2 FY27?
eMudhra's consolidated net profit in Q2 FY27 was INR 334 million, an increase of 26.3% from INR 264 million in Q2 FY26.
What was eMudhra's Total Income for Q2 FY27?
eMudhra reported a Total Income of INR 2,093 million for Q2 FY27, representing a 19.6% growth year-on-year from INR 1,749 million in Q2 FY26.
What is eMudhra's plan regarding the TLS certificate business?
eMudhra will cease the sale of TLS certificates and exit that line of business, which contributed approximately 1% of its global revenue, to focus on Core Enterprise Platforms, eSign, and Digital Signature offerings.
What is the EBITDA margin for eMudhra in Q2 FY27?
eMudhra's EBITDA margin for Q2 FY27 was 24.5%, with an EBITDA of INR 513 million.
How much did Enterprise Solutions revenue grow year-on-year?
Enterprise Solutions revenue grew 36% year-on-year in Q2 FY27 and now accounts for 66% of eMudhra's total revenue.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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