Seshaasai Technologies Limited, formerly known as Seshaasai Business Forms Limited, announced impressive financial results for the second quarter and half-year of FY26, highlighting a 13.3% quarter-on-quarter revenue growth. For the quarter ending September 30, 2025, the company's revenue from operations reached ₹3,523.4 million, with significant contributions from its core business segments: Payment Solutions accounted for 51.1% of revenues, Communication & Fulfilment Solutions contributed 37.8%, and IoT Solutions saw a notable increase, contributing 10.8% compared to 6.9% in Q2FY25. The firm also reported a substantial 29.0% growth in EBITDA, reaching ₹951.1 million, alongside an EBITDA margin of 26.9%.

The company's strong financial performance continued with a 56.2% increase in profit after tax (PAT), amounting to ₹575.3 million for Q2FY26. This growth was attributed to improved operational efficiencies and a higher gross margin of 45.9%, up from 41.2% in Q2FY25. In the first half of FY26, Seshaasai Technologies recorded total revenues of ₹6,632 million, with a PAT of ₹943.7 million, maintaining a PAT margin of 14.2%. Notably, the top 10 customers contributed a significant 63.5% to total revenues, indicating a concentrated revenue base.

Pragnyat Lalwani, Managing Director of Seshaasai Technologies, expressed optimism about the company’s growth trajectory, emphasizing the continued strong performance across core business verticals. He noted the company's commitment to enhancing its leadership in Payment Solutions while expanding its IoT offerings, which include innovative technologies like Bluetooth Low Energy and sensor-based solutions. CFO Pavan Kumar highlighted the importance of maintaining financial discipline and leveraging the company's IPO proceeds to repay ₹3,000 million in debt, thereby strengthening their balance sheet for sustainable growth. This strategic focus positions Seshaasai Technologies well for future opportunities in the evolving technology landscape.