Seshaasai Technologies Limited — Q1FY27 earnings call summary

Filed 25 July 2026 · Company audio recording

Potential pricing pass-through to customers under evaluation; no margin guidance given due to external volatility.
Bengaluru metal card facility to be operational by end CY26, contributing to capacity and revenues from FY28.
Continued investments with FY27 capex planned at INR 140-160 cr, funded by IPO proceeds.
No specific margin guidance; margin improvement expected from operating leverage and product mix if macro conditions stable.
FY27 revenue growth guidance at 8-12% YoY; H2 expected stronger than H1 due to seasonality and product mix.
IoT segment to sustain ~45% YoY growth; payment solutions to grow 10-12%; communication & fulfillment expected flattish.
Q1 gross margin at 41.7%, down from 44.5% YoY due to 411 bps increase in material costs (war impact + currency depreciation).
Order book steady, driven by multi-year PSU bank tenders worth ~INR 73 cr; customer demand remains healthy.