Seshaasai Technologies Limited (STYL) — Financial Results(2 announcements)

Seshaasai Technologies reported Q4 FY26 revenue of INR 382 crores, up 8.1% QoQ and 9.6% YoY, driven by communication/fulfilment and IoT segments, while full-year revenue declined 1.5% due to payment solutions softness. EBITDA margin expanded 204 bps YoY to 27.4% and PAT margin rose 146 bps to 16.7%, with a recommended dividend of INR 2.5 per share. The company highlighted 97% recurring revenue, 5 new patents granted, and operational facilities in Navi Mumbai and Kundli, though Nagpur and Bengaluru plants remain under construction. Export revenue reached INR 3 crores in FY26, and capex of INR 160-200 crores is planned for FY26. IoT revenue is expected to grow proportionally higher, potentially contributing ~20% of total revenue in FY27, supported by new client wins in retail and RFID expansion. Non-BFSI payment card customers account for 4% of business, including transit and gift card users, with ongoing government collaborations in financial inclusion and multi-benefit card pilots.

{ "summary": "The Board approved audited FY26 financials showing consolidated revenue of ₹1,441.35 million (down 1.5% YoY) and PAT of ₹2,400.1 million (16.7% margin), with Q4FY26 delivering stronger growth at ₹4,041.76 million revenue (+9.6% YoY), 30.8% EBITDA margin, and [amount context mismatch] million PAT (+29.9% YoY). A final dividend of ₹2.50 per share was recommended for shareholder approval at the upcoming AGM, while management highlighted continued margin expansion and focus on non-payments verticals contributing 52% of revenue.", "extractedFields": { "keyEvent": "Board approves FY26 audited financials and recommends ₹2.50/share final dividend", "whatChanged": "Revenue declined 1.5% YoY to ₹1,441.35 million; PAT grew 16.7% margin to ₹2,400.1 million; Q4FY26 revenue grew 9.6% YoY to ₹4,041.76 million with 30.8% EBITDA margin and 29.9% PAT growth to [amount context mismatch] million", "forwardGuidance": "Management emphasized continued margin expansion and shareholder returns", "investorTakeaway": "Shareholders receive a recommended ₹2.50/share dividend amid mixed FY26 performance with strong Q4 growth", "dividendProposed": 2.50, "dividendRate": "25%", "faceValue": 10, "fiscalYear": "2025-26", "quarter": "Q4FY26", "revenueQ4FY26": 4041.76, "revenueGrowthYoYQ4": 9.6, "ebitdaQ4FY26": 1244.95, "ebitdaMarginQ4": 30.8, "patQ4FY26": 817.87, "patGrowthYoYQ4": 29.9, "revenueFY26": 1441.35, "revenueGrowthYoYFY": -1.5, "ebitdaFY26": 3940.89, "ebitdaMarginFY26": 27.4, "patFY26": 2400.1, "patMarginFY26": 16.7, "dividendRecommended": "Rs 2.50 per equity share", "appointment": "Ms. Pauravi Kairav Trivedi", "appointmentTermStart": "2026-04-01", "appointmentTermEnd": "2031-03-31", "approvalDate": "2026-05-18", "agmPendingApproval": true, "formerName": "Seshaasai Business Forms Limited", "currentName": "Seshaasai Technologies Limited", "exchange": "NSE", "symbol": "STYL", "filingDate": "2026-05-26", "auditPeriodEnd": "31st March 2026", "auditFirm": "Vatsaraj & Co.", "auditorOpinion": "Unmodified", "goingConcernAssessment": "No material uncertainty", "totalIncomeFY2026": 4102.41, "profitBeforeTaxFY2026": 1118.63, "netProfitFY2026": 817.87, "totalAssetsFY2026": 16672.32, "totalEquityFY2026": 11603.86, "subsidiaryAssets": 70.85, "subsidiaryNetProfit": 5.17, "IPOCompletionDate": "2025-09-30", "IPOPricePerShare": 423, "IPOFreshIssueAmount": 4800.03, "IPOOfferForSaleAmount": 3330.71, "TotalIPOProceeds": 8130.74, "TotalIncomeFY2026": 4102.41, "ProfitBeforeTaxFY2026": 1118.63, "NetProfitFY2026": 817.87, "TotalAssetsFY2026": 16672.32, "TotalEquityFY2026": 11603.86, "SubsidiaryAssets": 70.85, "SubsidiaryNetProfit": 5.17, "IPOLaunchDate": "2025-09-30", "IPOSize": 1199.97, "IPOPricePerShare": 423, "IssuePriceComponents": { "faceValue": 10, "sharePremium": 413 }, "FundingAllocation": { "manufacturingExpansion": 1979.13, "debtRepayment": 700.02, "issueExpenses": 350.62, "generalCorporatePurposes": 458.61 }, "DividendRecommended": 2.5, "ExceptionalItem": 2.51, "BusinessSegment": "Security & variable data Printing", "CashFromOperations": 3833.11, "IPOProceeds": 6000.00, "NetFinancingCashFlow": -2434.76, "Auditor": "Vatsaraj & Co.", "auditorRegistrationNumber": "111327W", "partnerName": "CA Jwalant Buch", "partnerMembershipNumber": "039033", "auditFirmRegistrationNumber": "111327W", "partnerName": "CA Jwalant Buch", "partnerMembershipNumber": "039033", "auditFirm": "V