Synopsis:
Seshaasai Technologies share tumbles 9% after posting Unfavourable Q1 results with reduced revenue and stagnant EBITDA and PAT margins .
This Company, which is India’s largest payment card manufacturer saw its shares fall after the announcement of Q1 FY26 results as No growth , decline was observed in its financials.
With the market cap of Rs 6,340 Crore Seshaasai Technologies Ltd was trading at Rs 380 which is a low of almost 9% compared to its previous day close of Rs 420. As the stock has just listed in the market ,it is trading between the 52 week high of Rs 437 and 52 week low of Rs 380 which it made today.
Q1 Result highlights
Seshaasai Technologies Ltd in its results declared that Q1 FY26 revenue from operation was at Rs 310.87 crore as compared to Rs 360.5 crores in Q1 FY25 which is a 13% decline YoY basis. Due to the revenue, the Net profit also dropped from Rs 40 Crore in Q1 FY25 to Rs 37 Crore in Q1 FY26.
EBITDA for the Q1FY26 stood at Rs 73.75 Crore maintaining an EBITDA margin of 23.7% as against 22.7% for the Q1FY25, the increase in EBITDA margin is primarily on account of improved gross margin at 44.5% as against 40.5 % in Q1FY25. PAT margin was at 11.7% as compared to 11.2% in Q1FY25. And the Top 10 customers contributed 68.6% of total revenues.
The company states the revenue share as following:
- Payment Solutions contributed 48.4% of the consolidated revenues.
- Communication & Fulfilment Solutions contributed 42.7% of the consolidated revenues. The increase in contribution was backed by an increase in activity of some of our customers in this vertical.
- IOT Solutions contributed 8.9% of consolidated revenues, as against 6.3% in Q1FY25, an increase of Rs 4.7 crore on a YoY basis.
About the company
Seshaasai Technologies Limited is a technology-led, multi-location solutions provider with a strong focus on the banking, financial services, and insurance (BFSI) sector. The Company specializes in secure payment solutions, omnichannel communication, and fulfilment services, offering innovative, scalable technologies tailored to the evolving needs of its clients. With proprietary platforms at the core of its offerings, Seshaasai delivers recurring, enterprise-grade solutions that power critical operations across the BFSI ecosystem in India.
In addition to its BFSI-centric services, the Company also provides IoT-enabled solutions for a diverse clientele spanning industries such as retail, renewables, logistics, and manufacturing. The Company’s facilities are accredited by global and national standards, including NPCI, PCI, Global Payment schemes and IBA, for the secure manufacturing of payment cards, cheques, and data handling— ensuring full compliance with international IT, cyber and physical security protocols.
Written by Leon Mendonca
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