eMudhra Limited , a leading provider of digital trust, digital security, and paperless transformation solutions, has announced its financial results for the first quarter of the fiscal year, ending June 30. The company has demonstrated robust growth and improved profitability compared to the same period last year.

Financial Highlights

• Consolidated revenue reached Rs 1,472.99 crore, up 59% from Rs 924.42 crore in the same quarter of the previous year
• Net profit increased to Rs 250.24 crore, compared to Rs 181.97 crore in the previous year's quarter
• Earnings per share (EPS) improved to Rs 3.05 from Rs 2.20 year-over-year
• EBITDA margin stood at 25.2%, with EBITDA of Rs 380.00 crore
• Gross profit for the quarter was Rs 808.20 crore, representing a gross margin of 53.7%

Segment Performance

eMudhra's business is divided into three segments:

1. Trust Services India
2. Enterprise Solutions India
3. Enterprise Solutions Outside India

The Enterprise Solutions Outside India segment showed the strongest performance, contributing Rs 926.54 crore to the total revenue.

Key Business Developments

Acquisition of Cryptas International GmbH

eMudhra's subsidiary, eMudhra BV, has signed agreements to acquire a 51% stake in Cryptas International GmbH, a European encryption and trust services provider, for €5 million. This acquisition is expected to strengthen eMudhra's presence in the European Union, particularly in the DACH region (Germany, Austria, and Switzerland).

Acquisition of AI Cyberforge Inc

eMudhra Inc, another subsidiary, has entered into an agreement to acquire 100% of AI Cyberforge Inc, USA, for $4.8 million. This acquisition aims to expand eMudhra's product offerings in secrets management, just-in-time credentials, PKI automation, and encryption services.

Global Expansion

The company reported new client wins across the US, Middle East, India, and Asia Pacific, indicating strong international growth.

Product Development

eMudhra's emSigner platform remains the preferred choice for managing complex, multi-party signing workflows, especially in regulated industries such as Banking and Financial Services.

Management Commentary

V. Srinivasan, Executive Chairman of eMudhra Limited, commented on the results: "We are pleased to report a strong first quarter, driven by robust revenue growth and new client wins across the US, Middle East, India and Asia Pacific. This global momentum, together with disciplined operations, sets a solid foundation for sustained growth in the coming year."

He further added, "The proposed acquisition of AI Cyberforge with a focus on vault and secrets engine further bolsters our product comprehensiveness in the intersection of data privacy and identity management space and helps us position differentiated capability in various markets we operate."

Future Outlook

eMudhra is committed to advancing its R&D efforts, particularly in the areas of Converged Identity, Data Privacy, and Generative AI, to drive innovation and maintain its competitive edge in the rapidly evolving digital landscape. The company's strengthened innovation pipeline and enhanced go-to-market capabilities are expected to support future growth.

With its strategic acquisitions and focus on product development, eMudhra is well-positioned to capitalize on the growing demand for secure digital technologies globally. The company's strong performance in Q1 sets a positive tone for the rest of the fiscal year, as it continues to expand its presence in both domestic and international markets.

eMudhra Ltd., a leading provider of digital trust services and enterprise solutions, has announced that it will review its first quarter (Q1) results on July 24. This review is set to provide insights into the company's financial performance for the initial quarter of the current fiscal year.

Upcoming Financial Review

The scheduled review is an important event for eMudhra's stakeholders, as it will offer a comprehensive look at the company's financial health and operational performance during the first three months of the fiscal year. Such quarterly reviews are crucial for investors and analysts to assess the company's progress and make informed decisions.

Significance of Q1 Results

First quarter results often set the tone for the rest of the fiscal year. They can provide early indicators of the company's financial trajectory, highlighting areas of growth, potential challenges, and the effectiveness of the company's strategies in the current market environment.

About eMudhra

eMudhra is recognized for its digital security and paperless transformation solutions. The company offers a wide range of services, including:

• Digital signatures
• Authentication solutions
• Secure enterprise applications

As a key player in the digital trust services sector, eMudhra's financial performance is closely watched by industry observers and investors alike.

Conclusion

Stakeholders and interested parties should mark their calendars for July 24, when eMudhra will unveil its Q1 results, providing a clearer picture of the company's financial standing and performance in the early part of the fiscal year.