eMudhra Q2 FY27 Results & Earnings Intelligence

EMUDHRA

Structural risk assessment following Q2-FY27 | 30 Sep 26 earnings.

Flagium AI Risk Score✅
StableRisk: 6/100
2 warnings12Q Forensic Surveillance ✓
Revenue from Operations

₹207.0 Cr

Reported

Operating Profit (EBITDA)

₹39.0 Cr

+18.1% YoY•+2.1% QoQ

Net Profit (PAT)

₹33.5 Cr

+26.6% YoY•+4.6% QoQ

Risk Score (QoQ)

6/ 100

−5 pts QoQ

The Quarter at a Glance

Consolidated Financials
Revenue from OperationsQ2-FY27 | 30 Sep 26
₹207.0 Cr
YoYQ2-FY26 | 30 Sep 25
N/AN/A
QoQQ1-FY27 | 30 Jun 26
N/AN/A
Revenue (Total Income)Q2-FY27 | 30 Sep 26
₹209.3 Cr
YoYQ2-FY26 | 30 Sep 25
₹174.9 Cr+19.6%
QoQQ1-FY27 | 30 Jun 26
₹192.5 Cr+8.8%
Operating Profit (EBITDA)Q2-FY27 | 30 Sep 26
₹39.0 Cr
YoYQ2-FY26 | 30 Sep 25
₹33.0 Cr+18.1%
QoQQ1-FY27 | 30 Jun 26
₹38.2 Cr+2.1%
Profit Before Tax (PBT)Q2-FY27 | 30 Sep 26
₹39.0 Cr
YoYQ2-FY26 | 30 Sep 25
₹33.0 Cr+18.1%
QoQQ1-FY27 | 30 Jun 26
₹38.2 Cr+2.1%
EBIT MarginQ2-FY27 | 30 Sep 26
18.62%
YoYQ2-FY26 | 30 Sep 25
18.87%-25 bps
QoQQ1-FY27 | 30 Jun 26
19.83%-121 bps
Net Profit (PAT)Q2-FY27 | 30 Sep 26
₹33.5 Cr
YoYQ2-FY26 | 30 Sep 25
₹26.4 Cr+26.6%
QoQQ1-FY27 | 30 Jun 26
₹32.0 Cr+4.6%
Interest ExpenseQ2-FY27 | 30 Sep 26
₹1.0 Cr
YoYQ2-FY26 | 30 Sep 25
₹0.9 Cr+15.4%
QoQQ1-FY27 | 30 Jun 26
₹1.2 Cr-12.3%
Operating Cash FlowQ2-FY27 | 30 Sep 26
₹43.1 Cr
YoYQ2-FY26 | 30 Sep 25
₹23.4 Cr+84.0%
QoQQ1-FY27 | 30 Jun 26
N/AN/A
Basic EPS (₹/share)Q2-FY27 | 30 Sep 26
₹3.99
YoYQ2-FY26 | 30 Sep 25
N/AN/A
QoQQ1-FY27 | 30 Jun 26
N/AN/A
Diluted EPS (₹/share)Q2-FY27 | 30 Sep 26
₹3.96
YoYQ2-FY26 | 30 Sep 25
N/AN/A
QoQQ1-FY27 | 30 Jun 26
N/AN/A

Sources:Official BSE/NSE Disclosures & Financial Filings

IT & Digital Services • Sector Benchmark AlignedOperating EBIT Margin: 18.6% (Healthy Peer Range)
Benchmark: Tier-1 Range 20 - 24%

Operating EBIT margin of 18.6% measures employee billing realization, project utilization, and software pricing power against global Tier-1 peers.

Sentinel Executive Summary

Core Earnings Synthesis

"eMudhra Limited currently sits within Flagium's Stable category. However, recent periods have remained stable with minor operational friction. Steady top-line performance and clean accounting records help keep structural risk contained. Current deterioration appears cyclical rather than existential."

eMudhra Limited posted steady top-line growth and bottom-line stability, demonstrating resilient execution in its core markets. While the underlying business remains fundamentally sound, the presence of 0 active risk warnings highlights minor operational or working capital inefficiencies to keep on the watch list.

🟢 Key Operational & Structural Positives

  • ✓Revenue Growth: Quarterly revenue moved +19.6% YoY and +8.8% QoQ, reflecting demand and volume trends.
  • ✓Net Profit Expansion: Profit after tax moved +26.6% YoY and +4.6% QoQ, settling at ₹33.5 Cr.

⚠️ Key Areas of Watch & Margin Pressures

  • ⚠Deal pipeline conversion: Track large TCV deal conversions and discretionary client spend recovery.
  • ⚠Operating margin defense: Monitor offshore employee utilization and wage hike absorption.
  • ⚠Client billing realization: Track international revenue trajectory across core client markets.

Flagium Risk Signals

Automated Forensic Signals
Quarterly Risk Trajectory (Q1-FY27 | 30 Jun 26 → Q2-FY27 | 30 Sep 26)

Stabilization in key metrics

CategoryEarnings Quality
SignalAccounting Quality
SeverityHealthy

Financial reports demonstrate robust disclosure levels with no forensic or accrual warnings.

CategoryGovernance Signals
SignalGovernance & Management
SeverityHealthy

Leadership team stability remains intact with no auditor qualifications or key departures.

🎙️ eMudhra (EMUDHRA) Q2 FY27 Concall Intelligence

Management Commentary, Concall Takeaways & Key Discussion Themes

🎙

No earnings call transcript was available

for this reporting period.

Sentinel AI · Q2 FY27 Forensic Copilot

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Methodology & Regulatory Disclaimer

Flagium AI is an automated financial data analytics platform. Analysis reports are compiled programmatically from public regulatory XBRL submissions (NSE/BSE) for educational and research purposes only. Flagium AI is not registered with SEBI as a Research Analyst or Investment Adviser under SEBI regulations. This evaluation does not constitute investment advice, financial planning, or recommendations to buy, sell, or hold any security.

Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered Investment Adviser before acting on any data presented.