Seshaasai Technologies Q2FY27 revenue up 15.0% to ₹4,053.1 Mn, PAT up 21.0% to ₹697.3 Mn
Q2FY27 revenue up 15.0% YoY to ₹4,053.1 Mn, PAT up 21.0% to ₹697.3 Mn; gross margin down 331 bps to 42.5%.
By ScoutQuest · · 1 min read
- Q2FY27 revenue
- ₹4,053.1 Mn, up 15.0% YoY and 7.7% QoQ
- PAT
- ₹697.3 Mn, up 21.0% YoY with margin of 17.2%
- Gross margin
- 42.5%, down 331 bps YoY
- Period
- Q2FY27
- Positioning
- Seshaasai describes itself as an established leader in India's regulated payment solutions industry, one of the top two payment card manufacturers in India with 31.9% market share in FY25, serving 80+ banks and fintechs.
📈 Q2FY27 revenue from operations was ₹4,053.1 Mn, up 15.0% YoY and 7.7% QoQ; PAT rose 21.0% YoY to ₹697.3 Mn with margin of 17.2%. H1FY27 operating revenue was 7,818 (₹ million) versus 6,632, and H1 PAT 1,301 versus 945, up 37.7%.
📉 Gross margin fell 331 bps YoY to 42.5%; the company attributes material-cost pressure to an elevated USD/INR and West Asia supply-chain disruptions, while finance cost fell 74.9% to ₹18.8 Mn, which it says reflects debt repayment.
📉 Payment Solutions revenue reached ₹2,182.6 Mn, up 21.7% YoY, on domestic cards, metal cards, mass transit and exports; CFS slipped to 1,290 (₹ in mn) while IoT rose to 552 from 379 a year earlier. Non-BFSI share rose to 20% and top-10 customer concentration fell to 57%.
🌍 Management states growth drivers include metal card demand, mass-transit cards, renewal volumes, co-branded premium cards, centralised PSU procurement, RFID adoption and physical SIM demand; the company cites a 31.9% FY25 market share and high barriers to entry as backing.
Also from Seshaasai Technologies
Crisil monitoring report: no deviation from IPO objects for quarter ended September 30, 2026
2 Nov 2026
Seshaasai Technologies posts audio recording of Q2FY27 earnings conference call held October 30, 2026
30 Oct 2026
Seshaasai Technologies Q2 FY27: EBITDA ₹1,065.6 million, up 12.0% YoY, margin 26.3%
29 Oct 2026
More numbers
- Revenue from operations, Q2FY27₹4,053.1 Mn
- Revenue growth YoY, Q2FY27+15.0%
- EBITDA, Q2FY27₹1,065.6 Mn
- PAT, Q2FY27₹697.3 Mn
- PAT growth YoY, Q2FY27+21.0%
- Gross margin, Q2FY2742.5%
- Payment Solutions revenue, Q2FY27₹2,182.6 Mn
- Finance cost, Q2FY2718.8 (₹ Mn)
- Operating revenue, H1FY277,818 (₹ million)
- PAT, H1FY271,301 (₹ million)
- Top 10 customer share, Q2FY2757%
- Market share, FY2531.9%
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