Hike in stock prices
Emudhra- the recent price hike has been influeneced by many factors such as
In January 2024, eMudhra raised Rs 200 crore through a qualified institutional placement (QIP). The company issued 4.74 million equity shares at a price of Rs 422 per share
- total income increased by 59.5% on a YoY basis, accompanied by growth at 26.9% and 20.1% in EBITDA and PAT margins
- Dollar got stronger in last 3 days 45% revenue from overseas mkt
- 20% to 30 % cheaper producst in Us mrkt compared to peers.
- 30- 40% increase in order book last qtr
- 40% depreciation in tax last qtr
- Recievable closing time as financial year end
- In Q3 FY24, significant expansion in the international markets, supported by wins across various regions, driven by increased demand for our cybersecurity solutions
- rollout of e-signature platform for a large urban development company in Kingdom of Saudi Arabia, rollout of e-signature platform for paperless transformation of customs authority in the Middle East, upgradation of e-signature platform for a certifying authority and single window operator in West Africa, rollout of e-sign for bank officials of a large public sector bank for digitally signed approvals to enhance transparency
- The growth was primarily driven by the sales in the overseas market. There was a rise in the enterprise solution segment, which generated a revenue of Rs. 745 million,
- Almost it is 35% to 40% growth we have achieved in the order book compared to March
- 20% to 30% cheaper compared to competition because we are at a penetration stage.
- e US market development, we had spent some Rs. 2 crores, Rs. 3 crores of marketing.
- got quite a few wins in the SSL, TLS, and emDiscovery . large banks, stock exchange in India and some private sector clients. North America also recently, one IT company is using for private PKI.
- 40% depreciation from the tax perspective
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