What was EMA Partners India's revenue in Q4 FY26?

EMA Partners India reported revenue of ₹47 Cr in Q4 FY26, a +18% change year-over-year.

Did EMA Partners India management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

EMA Partners India Q4 FY26 Research Workspace: Revenue ₹47 Cr (+18%)

Q: What guidance did EMA Partners India management give?

New businesses to turn EBITDA positive in FY27: Management expects James Douglas and MyCloud to achieve EBITDA profitability during FY27, with a clear path to profitability over the next 12 months.

Revenue ₹47 Cr +18%

EBITDA ₹14 Cr +8%

PAT ₹5 Cr

EBITDA Margin 14% -156bps

Duration 55 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

EMA Partners India reported FY26 consolidated revenue of ₹87 crore (+18% YoY), with EBITDA of ₹14 crore (+8% YoY) and PAT of ₹12 crore. The mature executive search business delivered 29% EBITDA margin (₹25 crore EBITDA), while new verticals (James Douglas, MyCloud) generated ₹5 crore revenue but incurred ₹11 crore EBITDA loss, dragging consolidated margins to 16.45% (-156bps YoY). H2 FY26 showed strong momentum with revenue up 35% YoY and EBITDA margins expanding 292bps to 14.25%. Management expects new businesses to turn EBITDA-positive in FY27, with core business targeting 18-20% organic growth and steady-state PAT margins of 25%. A ₹7.25 crore buyback (₹100/share) was announced. Key risk: Middle East geopolitical tensions could disrupt Dubai operations, which contributed ~28% of consolidated revenue.

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Research workspace

Focused Modules

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Risk Intelligence

Middle East geopolitical tensions impacting Dubai operations

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Quarter Snapshot

Core Business EBITDA Margin 29%

Stable YoY

Mature executive search business maintained high profitability, generating ₹25 crore EBITDA.

New Business Revenue ₹5 crore

+150% YoY

James Douglas and MyCloud contributed ₹5 crore revenue, up from ~₹2 crore in FY25.

Total Employees 107

Flat YoY

Headcount remained at 107, but mix shifted with 30 new hires in James Douglas and rationalization in MyCloud.

Clients Served 160

+14% YoY

EMA Partners worked with over 160 clients during FY26, leveraging cross-sell opportunities.

Fast read

Guidance and risk preview

Top guidance New businesses to turn EBITDA positive in FY27

Management expects James Douglas and MyCloud to achieve EBITDA profitability during FY27, with a clear path to profitability over the next 12 months.

Top risk Middle East geopolitical tensions impacting Dubai operations

The war that erupted in late February 2026 caused pressure on the professional search business in Dubai, with March activity affected.