Seshaasai Tech Reports Strong Q2 Growth in FY26

13 Nov 2025 CW Team

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.

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.

Infrastructure Transport

12 Jan 2026

Dhalbhumgarh Airport Faces 150-km Rule Hurdle

The issue has resurfaced following a recent statement by Union Civil Aviation Minister Ram Mohan Naidu, who said that under existing aviation policy, a new greenfield airport is generally not permitted within an aerial distance of 150 kilometres of an operational civilian airport. He added, however, that if a formal proposal is submitted, its impact on the existing airport can be examined and relaxations may be considered on a case-by-case basis. While the clarification has revived some hope for Dhalbhumgarh, it has also underlined the scale of the technical challenge facing the project. Unde..

Infrastructure Transport

12 Jan 2026

Stakeholders Seek Parallel Ops For Vizag Airports

With road and metro rail links to Bhogapuram still several years away, stakeholders in north Andhra Pradesh have renewed demands to continue civil operations at INS Dega even after the commissioning of Bhogapuram International Airport. The new airport is expected to begin commercial operations from June. Officials said close to 80 per cent of the airport infrastructure at Bhogapuram, including the terminal building and internal approach roads, has already been completed. However, inadequate external connectivity remains a key concern. Making a case for parallel operations, Andhra Pradesh Air ..

Infrastructure Transport

12 Jan 2026

Govt To Roll Out V2V Tech To Cut Road Crashes

In an effort to curb road accidents, particularly in low-visibility conditions such as dense fog, the government is set to roll out vehicle-to-vehicle (V2V) communication technology that will allow cars to exchange real-time data and alert drivers to potential dangers. The announcement was made by Union Road Transport and Highways Minister Nitin Gadkari after the 43rd meeting of the Transport Development Council. The technology involves installing an on-board unit (OBU) in vehicles, enabling wireless data exchange between nearby cars. This will allow vehicles to share information such as spee..