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eMudhra Limited special call summary

NSE: EMUDHRA · BSE: 543533

Special call of 6 Feb 2026, summarised by AI from the filing.

eMudhra's Executive Chairman denies 3i Infotech's allegations of fraud and conflict of interest in the 2010 hive-off and preference share redemption, and will fight under legal procedures.

Key takeaways

  1. Allegations 3i Infotech alleges the 2010 hive-off of 3i Infotech Consumer Services to Indus Innovest was at a cheap price through fraud and non-disclosure to the Board.
  2. Management reply Executive Chairman Venkatraman Srinivasan calls the allegations pure imagination and fiction and says the company will fight under legal procedures.
  3. New management SREI Infrastructure owns 10% to 12% and controls 3i Infotech, with Mr. Uttam Agarwal as Chairman and a changed management.
  4. Preference shares The ₹5 cr preference capital was redeemed in 2017 after the first trigger event, with shares returned and forms filed.
  5. Legal process Management is confident of victory in the process of law and court, but expects it may take time and be prolonged.

Original filing on BSE

eMudhra Limited Q1 FY27 results

As filed: Revenue ₹191 cr (+30% year on year), EBITDA ₹49.6 cr (+42% year on year), PAT ₹32.0 cr (+28% year on year), EBITDA margin 26.0% (+220 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹193 cr (+32% year on year), EBITDA ₹42.0 cr (+20% year on year), PAT ₹29.6 cr (+23% year on year), EBITDA margin 21.7% (−208 bps). Score 53 of 100, In line with trend. Revenue and EBITDA growth were below the company's own trend; profit growth was in line with it. EBITDA margin fell 208 bps year on year. Tax rate 11%. Revenue rose ₹46.4 cr on a year ago, against ₹47.0 cr the year before. Share price after the results: −7.3% in 30 days (Nifty 500: −2.9%).
  • Q3 FY26: Revenue ₹188 cr (+35% year on year), EBITDA ₹41.1 cr (+42% year on year), PAT ₹29.0 cr (+32% year on year), EBITDA margin 21.9% (+100 bps). Score 72 of 100, Above trend. Revenue growth was below the company's own trend; EBITDA growth was well above it; profit growth was above it. EBITDA margin rose 100 bps year on year. Tax rate 15%. Revenue rose ₹49.0 cr on a year ago, more than the ₹42.0 cr it added the year before. Share price after the results: −18.2% in 30 days (Nifty 500: −1.9%).
  • Q2 FY26: Revenue ₹173 cr (+23% year on year), EBITDA ₹41.0 cr (+24% year on year), PAT ₹26.0 cr (+18% year on year), EBITDA margin 23.7% (+30 bps). Score 60 of 100, In line with trend. Revenue growth was well below the company's own trend; EBITDA growth was above it; profit growth was below it. EBITDA margin rose 30 bps year on year. Profit lagged EBITDA because of depreciation, interest or other income, not the business. Revenue rose ₹32.0 cr on a year ago, against ₹45.0 cr the year before. Share price after the results: −2.5% in 30 days (Nifty 500: +0.3%).
  • Q1 FY26: Revenue ₹147 cr (+60% year on year), EBITDA ₹35.0 cr (+30% year on year), PAT ₹25.0 cr (+39% year on year), EBITDA margin 23.8% (−554 bps). Score 82 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin fell 554 bps year on year. Revenue rose ₹55.0 cr on a year ago, more than the ₹12.0 cr it added the year before. Share price after the results: −8.2% in 29 days (Nifty 500: −1.3%).
  • Q4 FY25: Revenue ₹147 cr (+47% year on year), EBITDA ₹35.0 cr (+6% year on year), PAT ₹24.0 cr (+14% year on year), EBITDA margin 23.8% (−919 bps). Score 43 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was well below it; profit growth was below it. EBITDA margin fell 919 bps year on year. Consolidated profit +14% but standalone -42%. Revenue rose ₹47.0 cr on a year ago, more than the ₹23.0 cr it added the year before. Share price after the results: +0.9% in 30 days (Nifty 500: +4.5%).
  • Q3 FY25: Revenue ₹139 cr (+43% year on year), EBITDA ₹29.0 cr (+21% year on year), PAT ₹22.0 cr (+10% year on year), EBITDA margin 20.9% (−388 bps). Score 49 of 100, In line with trend. Revenue and EBITDA growth were in line with the company's own trend; profit growth was well below it. EBITDA margin fell 388 bps year on year. Tax rate 12%. Revenue rose ₹42.0 cr on a year ago, more than the ₹36.0 cr it added the year before.
  • Q2 FY25: Revenue ₹141 cr (+47% year on year), EBITDA ₹33.0 cr (+18% year on year), PAT ₹22.0 cr (+16% year on year), EBITDA margin 23.4% (−576 bps). Score 58 of 100, In line with trend. EBITDA margin fell 576 bps year on year. Consolidated profit +16% but standalone -40%. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

eMudhra Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.