IT - Software
Services - Others
from 457 today
Emudhra reported a mixed performance for the quarter with revenue up 29.5% YoY, impacted by weakness in Trust Services due to changes in token security requirements, while Enterprise revenue grew strongly. EBITDA margin expanded sharply and management reiterated FY27 guidance of 18-20% revenue growth, leading us to maintain our BUY rating with a revised target price of Rs 702.
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