Seshaasai Technologies Limited · NSE:STYL
Seshaasai Technologies — Q2 FY27 Earnings Presentation
32 slides from Seshaasai Technologies's earnings presentation, Oct 29, 2026
Slide 1: Exchange cover letter for Investor Presentation Q2FY27
October 29, 2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Services The Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai – 400 001 Mumbai - 400051 Scrip Code: 544533 Symbol: STYL Dear Sirs, Sub: Q2FY27 E
Slide 2: Investor Presentation Q2FY27
PAYMENT SOLUTIONS Investor COMMUNICATION Presentation Q2FY27 & FULFILMENT SOLUTIONS (CFS) October 29, 2026 IoT SOLUTIONS Seshaasai Technologies Limited
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Seshaasai Technologies Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 4: Table of Contents
PERFORMANCE 1 HIGHLIGHTS COMPANY 2 BACKGROUND TABLE OF 3 FINANCIAL PERFORMANCE CONTENTS INVESTMENT 4 RATIONALE IPO FUNDS 5 UTILISATION
Slide 5: Performance Highlights
01 Performance Highlights
Slide 6: Key Financial Highlights – Q2FY27
Key Financial Highlights – Q2FY27 REVENUE FROM OPERATIONS EBITDA OPERATING EBITDA PAT ₹4,053.1 Mn ₹1,065.6 Mn ₹1,006.2 Mn ₹697.3 Mn Margin 26.3% Margin 24.8% Margin 17.2% YoY +15.0% QoQ +7.7% YoY +12.0% QoQ +12.9% YoY +7.0% QoQ +15.2% YoY +21.0% QoQ +15.6% Q2FY26 : ₹3,523.4 Mn Q2FY26 : ₹951.1 Mn Q2F
Slide 7: Company Background
02 Company Background
Slide 8: A Partner Through Life's Evolution
A Partner Through Life’s Evolution National ID Cards Pension Statements Savings Account Early Stages Retirement Passbook Bank Statement A steady Partner Health Policy Through Life’s Evolution Learning Growth Wealth Certificate Career Management Kit Smart ID Payment RFID Solar Panel Card Travel Card
Slide 9: Seshaasai at a Glance (1/2)
Seshaasai at a Glance (1/2) WIDE RANGE OF OFFERINGS Payment Solutions Communication & Fulfilment Solutions IoT Solutions Metal Cards Biometric Cards Data Loggers End-to-End powered by Safe, Secure and Proprietary Platforms Indian Banks Global Payment Payment Card Industry International Organization
Slide 10: Seshaasai at a Glance (2/2)
Seshaasai at a Glance (2/2) Client Base Manufacturing Facilities 25 7 6 2 Manufacturing Units Locations States R&D Labs Pan India Financial Performance Revenue from Operations (₹ Mn) EBITDA Margin (%) PAT Margin % 15,583 17% 27% 15% 25% 14,632 19% 11% 14,411 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 F
Slide 11: Financial Performance
03 Financial Performance
Slide 12: Business Performance Q2FY27 - Payment Solutions
Business Performance Q2FY27 - Payment Solutions REVENUES (₹ in mn) • Retained our wallet share with our top 10 customers during the quarter 2,183 1,984 1,919 1,793 • Growth in the quarter was driven by higher volume of domestic payment cards, 1,582 growth in metal cards, mass-transit programs and ca
Slide 13: Business Performance Q2FY27 - Communication & Fulfilment Solutions
Business Performance Q2FY27 - Communication & Fulfilment Solutions(CFS) REVENUES (₹ in mn) • Retained our wallet share with our top 10 customers during the quarter • Added 1 new enterprise account in Q2FY27. 1,607 1,488 1,327 1,362 1,290 • Renewed a three-year contract with a leading PSU life insure
Slide 14: Business Performance Q2FY27 - IoT Solutions
Business Performance Q2FY27 - IoT Solutions REVENUES (₹ in mn) 674 • 6 new enterprise /system integrator customers added in Q2FY27 across 552 industries. 499 379 384 • Strengthened RFID innovation and expanded capacities to deliver complex, value-added products across industries. • SIM card volumes
Slide 15: Consolidated P&L Summary – Q2FY27
Consolidated P&L Summary – Q2FY27 Particulars Q2FY27 Q2FY26 Δ YoY YoY Q1FY27 Δ QoQ QoQ REMARKS ₹ Mn ₹ Mn ₹ Mn Change ₹ Mn ₹ Mn Change • Material-cost pressure persisted YoY due to the Revenue from 4,053.1 3,523.4 529.7 +15.0% 3,764.7 288.4 +7.7% elevated USD/INR environment and supply-chain Operatio
Slide 16: Financial Performance – H1FY27 (1/3)
Financial Performance – H1FY27 (1/3) (Figures in ₹ million) Operating Revenue Gross Profit & Margin % 45.2% 42.1% 17.9% 3,293 9.8% 7,818 YoY YoY 6,632 3,000 H1FY26 H1FY27 H1FY26 H1FY27 EBITDA & EBITDA Margin % PAT & PAT Margin % 16.6% 25.5% 25.7% 14.2% 19.0% 1,301 37.7% 2,010 YoY YoY 1,689 945 H1FY2
Slide 17: Financial Performance – Q2FY27 (2/3)
Financial Performance – Q2FY27 (2/3) (Figures in ₹ million) Operating Revenue Gross Profit & Margin % 45.9% 41.7% 42.5% 15.0% 6.7% YoY YoY 4,053 1,724 3,765 1,616 3,523 1,568 7.7% 10.0% QoQ QoQ Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 EBITDA & EBITDA Margin % PAT & PAT Margin % 27.0% 26.3% 17.2% 25
Slide 18: Financial Performance – Q2FY27 (3/3)
Financial Performance – Q2FY27 (3/3) (Figures in ₹ million) Operating Revenue 85 50 21 539 77 10 1062 1538 552 4435 379 4345 5611 1290 1327 10524 9147 7196 1793 2183 FY24 FY25 FY26 Q2FY26 Q2FY27 Revenue breakup across BFSI & Non-BFSI Customers (%) Client Concentration (%) 17% 17% 15% 12% 13% 16% 17%
Slide 19: Investment Rationale
04 Investment Rationale
Slide 20: Investment Rationale
Investment Rationale 31.9% Market Share Established Leadership Position in the Large and Regulated Payment Solutions Industry with for credit and debit cards issuance in 1 High Barriers to Entry India in FY25 1042 (New 144) 2 Long Standing Relationships with a Large Customer Base Total customers As
Slide 21: Established Leadership Position with High Barriers to Entry
1 Established Leadership Position in the Large and Regulated Payment Solutions Industry with High Barriers to Entry Established Leadership High Barriers to Entry Capital-Intensive Equipment and 31.9% Market Share in FY25# 80+ No of Banks & Fintechs served 1 Technology 10 of 12 PSU Banks served 15 of
Slide 22: Long Standing Relationships with a Large Customer Base
2 Long Standing Relationships with a Large Customer Base Customers have a Total Customers as 8 of New Customers 1042 Partnership Vintage 144 of Q2FY27 top 10 over 10 years added during Q2FY27 Revenue from Revenue from Top 5 Revenue from Top 10 11.8% Largest Customer 40.1% Customers during 57.0% Cust
Slide 23: Payment Solutions - Comprehensive Card Offerings
3A Payment Solutions - Comprehensive Card Offerings Hybrid Metal Card Metal Edge Card Metal Insert Cards Biometric Cards Payment Wearables Payment Stickers 22
Slide 24: Communication & Fulfilment Solutions - Our Offerings
3B Communication & Fulfilment Solutions Driving - Efficiency in Communications and Fulfilment for BFSI Clients Our Offerings Insurance Personalized Passbooks Digital Courseware Integrated Citizen and Health policies and letters communication and office Logistics tax identity cards statements (SMS/Em
Slide 25: IoT Solutions - Integrating Technologies with Automation Needs
3C IoT Solutions - Integrating Technologies with the Automation Needs of the Industry Passive Tags Active Tags Empowering Digital Transformation Automation Hardware Platforms 24
Slide 26: Proprietary Technology Stack Enabling Bespoke Solutions
4 Proprietary Technology Stack Enabling Bespoke Solutions izeIoT is Seshaasai’s proprietary IoT platform that connects devices, collects secure data, and powers traceability and analytics across industries. It integrates with RFID systems and uses communication technologies like GPS, GSM, Wi-Fi, BLE
Slide 27: Pan-India Advanced Manufacturing Capabilities
5 Pan-India Advanced Manufacturing Capabilities 25 26
Slide 28: Experienced Promoters and Senior Management Team
6A Experienced Promoters and Senior Management Team Backed by Committed Employee Base Pragnyat Pravin Lalwani Gautam Sampatraj Jain Chairman & Managing Director Whole-time Director Experience: 33+ years Experience: 33+ years • He holds a bachelor’s degree in Science from Sri • He holds a bachelor’s
Slide 29: Senior Management Team and Board of Directors
6B Experienced Promoters and Senior Management Team Backed by Committed Employee Base Senior Management Team backed by Committed Employee Base Venkat Sandhi Pawan Kumar Bosco Mascarenhas Satyanarayana Sandeep Khurana Pillalamarri Tangella Head, Business Development Head, Information Technology Chief
Slide 30: IPO Funds Utilisation
05 IPO Funds Utilisation
Slide 31: IPO Funds Utilisation Update
IPO Funds Utilisation Update (Figures in ₹ million) Amount as per As at beginning During the As at end of Unutilized offer document of the quarter quarter the quarter amount # Objects (A) (B) (C) (B+C) (A-B-C) 1 Capex 1,979.1 618.2 231.0 849.2 1,130.0 Repayment of 2 3,000.0 3,000.0 - 3,000.0 - Borro
Slide 32: Thank you
Thank you For Further Information, Please Contact: Asha Gupta - [email protected] Pratik Jagtap – [email protected] Manali Shah - [email protected]
Seshaasai Technologies — Q2 FY27 Earnings Presentation on 6ix