Q3-FY26 · Vinkit Raman Nashan
Our revenue 65% is recurring revenue and the others are onetime revenue of license delivery.
EMUDHRA / language trends
Read confidence between the lines.
eMudhra · tone and specificity signals across the available quarters.
Research layer active
Language signals
What changed in management language.
tracked
Q3-FY26 · Ritesh Shad Pirani
If you take out all these the adjusted margin is 25.8%.
Q3-FY26 · Vinkit Raman Nashan
Next 12 months services revenue may marginally grow but product revenue can considerably grow which may give a better margin.
Q4-FY26 · Venkataraman Srinivasan
Our ambition is to double PAT over the next 3 years. The tailwinds are clear: AI, data sovereignty, PQC transition and tightening compliance requirements are all driving demand for the products we build.
Q4-FY26 · Venkataraman Srinivasan
We always want to estimate in a reasonable way and then think that almost if you see last four five years whatever guidance we have given we have achieved 100%. So we don't want to overestimate anything.
Q4-FY26 · Venkataraman Srinivasan
Our products sit at the heart of many of their core workflows. For instance, the authentication system for a large bank essentially powers customer authentication when you log into internet banking. So that way we are more core to the system than peripheral.