Whalesbook
Toh FY26 mein hua kya? (The Lowdown)
Dekho, poore fiscal year 2026 mein, Seshaasai Technologies ne ₹240.01 Crore ka net profit kamaya hai, jo pichhle saal se 7.96% zyada hai. Q4 FY26 mein bhi profit ₹81.79 Crore raha. Company ne Q4 FY26 mein revenue ko 10.25% badhaya tha pichhle saal ki Q4 se, par poore FY26 ki baat karein toh total revenue 1.22% kam hokar ₹1,455.71 Crore ho gaya (FY25 mein yeh ₹1,473.62 Crore tha). Revenue from operations bhi 1.50% gira hai.
Debt Reduction ka Kamaal Post-IPO (Big Move!)
Sabse bada highlight yeh hai ki company ne apne IPO jo September 2025 mein hua tha, uske baad apna debt kaafi kam kar diya hai. March 2025 mein jo borrowings ₹352.89 Crore the, woh March 2026 tak sirf ₹76.93 Crore reh gaye. Iss debt reduction aur IPO se raise kiye hue paise ne company ki total equity ko ₹1,425.98 Crore tak pahuncha diya hai.
Board ne ₹2.50 per share ka dividend bhi recommend kiya hai.
Investors ko kya dekhna chahiye? (Investor Watchlist)
Revenue mein 1.22% ki girawat, jo mainly payment card issuance mein kam demand ki wajah se hui hai, yeh ek chinta ka vishay hai. Dusra risk hai customer concentration – company ka 62.8% revenue top 10 clients se aata hai, toh unke jaane ka danger ho sakta hai. Ek ₹2.51 million (yaani ₹0.25 crore) ka exceptional expense bhi tha, par woh labor codes se related tha, jo baar baar nahi hoga. FY26 ke liye consolidated PAT margin lagbhag 16.7% raha.
Aage kya?
Investors ko dekhte rehna hoga ki Q4 ki yeh strong profit performance aage bhi bani rehti hai ya nahi. Company payment card issuance mein kam demand ko kaise handle karti hai aur kya naye clients jodti hai. Debt kam hone ka growth plans par bhi asar padega. Dividend dene ka trend aur paisa kahan invest karna hai, yeh bhi important hoga.
Agar company ke peers ki baat karein toh CMS Info Systems Ltd bhi payment services mein ek bada player hai. Lekin Seshaasai abhi debt kam karke profitability improve karne par focus kar raha hai.