eMudhra Stock Down 32%: Can Management Restore Investor Confidence After Security Incident? | ET Now
ET Now · 05 Nov 2026 · 22 min
Management interview of eMudhra Ltd (EMUDHRA), with 6 key numbers discussed.
- Kaushik Srinivasan, Co-founder and Whole-Time Director, eMudhra
eMudhra management addressed investor concerns after exiting its US public trust (TLS) business following a security incident. The exit will cause a 5-6% hit to second-half revenue, lowering FY27 revenue guidance from Rs 825 cr to Rs 800 cr and PAT guidance to Rs 125 cr. The company reiterated that its core India digital signature business remains completely unaffected with stable volumes. Management expects to get back on track in two quarters driven by private PKI demand, global expansion into Africa and CIS, and turnaround at Cryptas.