Seshaasai Technologies Limited, a technology-led solutions provider in payments, communication, and IoT, has announced its financial results for the second quarter and half year ended 30 September 2025, delivering another period of strong consolidated performance. Q2 FY26 Highlights (Consolidated) Revenue from operations: Rs 3.52 billion, up 13.3 per cent quarter-on-quarter. Strong contributions across verticals: Payment Solutions: 51.1 per cent of revenue Communication & Fulfilment: 37.8 per cent IoT Solutions: 10.8 per cent (vs 6.9 per cent in Q2 FY25), an increase of Rs 106.6 million year-on-year EBITDA: Rs 951.1 million, up 29 per cent sequentially EBITDA margin: 26.9 per cent, an improvement of 336 bps PAT: Rs 575.3 million, up 56.2 per cent sequentially PAT margin: 16.3 per cent, an improvement of 452 bps Top 10 customers contributed 63.5 per cent of revenue The growth in profitability was driven by an improved gross margin of 45.9 per cent, compared to 41.2 per cent in Q2 FY25. H1 FY26 Highlights (Consolidated) Revenue from operations: Rs 6.63 billion EBITDA: Rs 1.69 billion, with an EBITDA margin of 25.3 per cent, up 54 bps year-on-year PAT: Rs 943.7 million, with a PAT margin of 14.2 per cent Gross margin improved to 45.2 per cent, compared to 40.9 per cent in H1 FY25 Management Commentary Managing Director Pragnyat Lalwani said the company delivered another strong quarter, with sustained growth across its core business lines. Payment Solutions remained the largest contributor, while IoT Solutions gained meaningful traction and increased its share of overall revenue. He added that the company is deepening engagement with key clients, expanding into new product categories, and investing in IoT and RFID technologies, including Bluetooth Low Energy and sensor-based innovations. Chief Financial Officer Pavan Kumar highlighted strong operational leverage during the quarter, driven by topline growth and improved margins. Gross margin rose to Rs 1.62 billion, up 16.7 per cent sequentially. EBITDA grew 29 per cent, while PAT increased 56.2 per cent quarter-on-quarter. He noted that the company has repaid Rs 3 billion of debt from its IPO proceeds, strengthening the balance sheet and supporting long-term sustainable growth. Seshaasai Technologies said it will continue to focus on expanding customer wallet share, enhancing global presence, and building a smarter, more connected supply-chain ecosystem through innovation.