Commercial Services company eMudhra announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue from operation: Rs 1,492.6 million compared to Rs 1,031.0 million during Q4FY24, change 44.8%. EBITDA: Rs 371.6 million compared to Rs 363.1 million during Q4FY24, change 2.4%. EBITDA margin: 24.9% for Q4FY25. PAT: Rs 243.4 million compared to Rs 212.0 million during Q4FY24, change 14.8%. PAT margin: 16.3% for Q4FY25. Basic EPS (Rs): Rs 2.92 for Q4FY25. FY25 Financial Highlights: Revenue for the year was Rs 5,278.4 million, an increase of 38.9% from the FY24. Operating expense for the year was Rs 2,432.8 million. Gross profit for the year was Rs 2,845.6 million, representing a gross margin of 53.9%. EBITDA for the year was Rs 1,323.8 million, with an EBITDA margin of 25.1%. EBIT for the year was Rs 1,085.6 million, with an EBIT margin of 20.6%. Net income for the year was Rs 872.3 million, with a net margin of 16.5%. The company had cash and cash equivalents of Rs 1 885.6 million at the end of the year and is debt free. Dividend of 25% on equity shares is proposed to be paid. Srinivasan, Executive Chairman, eMudhra, said: “We are pleased to report another year of robust growth in FY25, with revenue up over 38.9% yearon-year, EBITDA margins at 25.1%, and PAT margin at 16.5%. While our topline performance was in line with expectations, PAT margins was lower than last year’s levels, on account of Middle East taxation, increased provisioning for ESOP which are non-dilutive in nature, repurchase of DSC stock because of regulatory change, finder’s fee on acquisition and notional interest on acquisition liability. We anticipate these to normalize in the current year providing room for bottom line expansion in the coming year and for the future. Over the past twelve months, our direct presence in many international markets has translated into several high-impact wins. In the USA, we continue to serve a leading ERP vendor with managed services for cyber security. Similarly, we saw wins across Education, Gaming and Utility where both our paperless and certificate lifecycle management platforms got implemented. In the Middle East our emSigner solution went live with a major customs authority. Back home in India, we closed a landmark deal to underpin a national citizen-services portal with our PKI and digital signature infrastructure—underscoring our stickiness with large enterprises and our ability to scale for missioncritical workloads. On the product front, emSigner remains the platform of choice for complex, multi-party signing workflows in regulated industries such as BFSI and Pharma. Upsells of our Securepass and Certinext platforms further deepened our share of wallet, as enterprises realized the value of identity and access controls over both users and devices. Looking ahead, our roadmap is focused on converged identity, generative AI and a comprehensive data-privacy stack. We plan to launch a unified identity fabric that seamlessly blends user, device and IoT identities; embed generative-AI agents to automate document validation and risk-scoring as part of signing workflows; and introduce an end-to-end data-privacy suite for consent management, data discovery and classification and dynamic data-governance. These initiatives build on our existing products and ensure that we not only address today’s zero-trust demands but also pre-empt tomorrow’s security paradigm shifts. The macro tailwinds for digital transformation and zero-trust architecture remain strong. As cyber threats proliferate and regulatory mandates tighten, organizations are compelled to move beyond password-only models and point-solutions. That shift underpins our confidence in continued market share gains for our converged identity and certificate management offerings. A new guideline mandating the movement towards shorter certificate expiry is providing ample impetus in developed markets to pursue replacement opportunities for an integrated offering combining certificates and their lifecycle management across public and private trust. We continue to invest in R&D; and sales initiatives to fuel growth, while maintaining disciplined profitability. Although this year included certain one-off expenditures, our strong innovation pipeline and go-to-market capabilities set the stage for growth in profitability ahead. At eMudhra, our ongoing focus on enhancing product innovation, elevating service excellence, and extending our global reach will underpin sustainable, long-term shareholder value.” Result PDF