eMudhra Ltd

The Q2 FY2027 investor presentation for eMudhra Limited outlines financial performance, operational updates, and strategic direction. For Q2 FY2027, total income reached Rs 2,093 Mn, reflecting a 19.6% YoY growth, with EBITDA at Rs 513 Mn (24.5% margin) and net profit at Rs 334 Mn (16.0% margin). Revenue was driven by Enterprise Solutions (66% of revenue) and Trust Services (16%), with India contributing 34% and international markets 66%. The presentation details a certificate security incident in October 2026, where eight intermediate CA certificates were revoked due to weak keys, impacting approximately 5-6% of H2 FY27 revenue. The company has discontinued publicly trusted SSL/TLS certificate sales and appointed KPMG for an independent review. Strategic focus areas include post-quantum cryptography readiness, machine-to-machine identity, and AI agent identity governance. Recent product releases include hybrid post-quantum CAs, certificate lifecycle management tools, and AI-driven document processing. Key business highlights include expansions in Asia-Pacific, Europe, Middle East, Africa, and CIS regions, along with recognitions from Gartner, G2, and Frost & Sullivan. Financial statements show a 23.4% YoY growth in H1 FY27 total income to Rs 4,018 Mn, with cash balance at Rs 818 Mn as of September 30, 2026. The document includes forward-looking statements with associated risks and uncertainties.

The document presents factual financial results, operational updates, and strategic initiatives without overtly positive or negative language.