Seshaasai Technologies Limited · NSE:STYL
Seshaasai Technologies — Q3 FY2026 Earnings Presentation
40 slides from Seshaasai Technologies's earnings presentation, Jan 29, 2026
Slide 1: Exchange filing cover letter for revised investor presentation
January 30, 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: Revised
Slide 2: Q3FY26 Investor Presentation
Q3FY26 Investor Presentation January 29, 2026 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: Quick Glance
QUICK GLANCE 01 KEY HIGHLIGHTS 02 COMPANY BACKGROUND 03 FINANCIAL OVERVIEW 04 INVESTMENT RATIONALE 05 IPO FUNDS UTILISATION 06 STAYING CONNECTED WITH INDUSTRY
Slide 5: Key Highlights
01 Key Highlights Q3FY26 & 9MFY26
Slide 6: Key Financial Highlights – Q3FY26
Key Financial Highlights – Q3FY26 Q3FY26 vs Q3 FY25 - YoY REVENUE ₹ 3,737.45 mn 45.53% 26.95% ↑ 10.1% YoY GROSS ↑ 383 bps YoY EBITDA ↑ 316 bps YoY FROM MARGIN MARGIN OPERATIONS ₹ 3,394.21 mn for Q3FY25 41.70% for Q3FY25 23.79% for Q3FY25 ₹ 1007.24 mn ₹ 956.26 mn | ₹ 640.86 mn | 17.15% EBITDA ↑ 24.9%
Slide 7: Capability Building
Capability Building Capacity Expansion Status 6 new patents filed during 9MFY26 of which, 4 filed in Q3FY26 (19 Patents filed till date) New Facility - 40K Sq. Ft FSC certifications for IoT facility Verticals: IoT & CFS in Chennai Kundli* Technology partnership for advanced product authentication &
Slide 8: Company Background
02 Company Background
Slide 9: 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 10: Seshaasai at a Glance (1/2)
Seshaasai at a Glance (1/2) WIDE RANGE OF OFFERINGS Communication & Fulfilment Payment Solutions Solutions IoT Solutions End-to-End powered by Safe, Secure and Proprietary Platforms Certifications / Licenses / Indian Banks Global Payment Payment Card Industry International Organization NPCI Rupay Ap
Slide 11: Seshaasai at a Glance (2/2)
Seshaasai at a Glance (2/2) Client Base* Advanced Manufacturing Facilities* 24 7 6 2 Manufacturing Units Locations States R&D Labs Pan India Revenue from Operations (₹ Mn) EBITDA Margin (%) PAT Margin (%) Financial 11,463.0 15,582.6 14,631.5 25.1% 15.1% 18.0% 19.3% 10.8% Performance 9.8% FY23 FY24 F
Slide 12: Financial Overview
03 Financial Overview
Slide 13: Business Performance Q3FY26 - Payment Solutions
Business Performance Q3FY26-Payment Solutions • Retained our wallet share with our top 10 customers. • Top 10 customers contributed 78.5% of the revenue for 9MFY26 against 75.61% for 9MFY25. REVENUES (₹ in mn) • Added 2 new accounts – Banks/FinTechs-Payment cards. • Added 4 new accounts – Metal Card
Slide 14: Business Performance Q3FY26 - C&F Solutions
Business Performance Q3FY26-C&F Solutions • Increased our wallet share with our existing customers. REVENUES (₹ in mn) • Added 3 new accounts for Integrated Logistics Management (ILM) portfolio in this quarter. • Won 2 tenders (Multi-year contracts) during this quarter. 1,376.0 1,317.8 1,327.2 1,362
Slide 15: Business Performance Q3FY26 - IoT Solutions
Business Performance Q3FY26-IoT Solutions REVENUES (₹ in mn) • Increased our wallet share across renewables, retail, exporters and others. 378.7 384 364 • Commenced the third IoT production facility at Chennai for better logistical reach. 275.8 • 6 new wins across various sectors. • Continuing to de
Slide 16: Financial Performance – Q3FY26 & 9MFY26
Financial Performance – Q3FY26 & 9MFY26 (Figures in INR Million) Operating Revenue Gross Margin (%) EBITDA & Margin (%) PAT & Margin (%) + 10.1% +9.1% +27.9% +19.3% Q3FY26 Performance YOY YOY YOY YOY 26.9% 15.8% 16.4% 17.2% 27.0% 23.8% 3,394.2 3,523.4 3,737.5 1,415.3 1,615.5 1,699.9 806.3 951.1 1,00
Slide 17: Operating Metrics
Operating Metrics Operating Revenue (In ₹ Million) 85 77 539 44 89 1062 41 4435 4345 4257 1038 4007 10524 9147 7076 5275 FY23 FY24 FY25 9MFY26 Payment Solutions Communication & Fulfilment Solutions IoT Solutions Others / Other Operating Revenue * Revenue breakup across BFSI & Non-BFSI Customers (%)
Slide 18: Consolidated Financial Summary – Q3FY26 & 9MFY26 (1/3)
Consolidated Financial Summary – Q3FY26 & 9MFY26 (1/3) (Figures in INR Million) Particulars Q3FY26 Q3FY25 Δ (YoY) % Change Remarks Revenue from Ops 3,737.45 3,394.21 +343.24 +10.1% Q3 FY26 delivered a strong profitability-led performance, with Revenue from Operations increasing by 10.1% YoY to ₹3,73
Slide 19: Consolidated Financial Summary – Q3FY26 & 9MFY26 (2/3)
Consolidated Financial Summary – Q3FY26 & 9MFY26 (2/3) (Figures in INR Million) Particulars Q3FY26 Q2FY26 Δ (QoQ) % Change Remarks Revenue from Ops 3,737.45 3,523.41 +214.04 +6.1% Q3 FY26 witnessed healthy sequential momentum, with Revenue from Operations rising by 6.1% QoQ, reflecting improved dema
Slide 20: Consolidated Financial Summary – Q3FY26 & 9MFY26 (3/3)
Consolidated Financial Summary – Q3FY26 & 9MFY26 (3/3) (Figures in INR Million) Particulars 9MFY26 9MFY25 Δ (YoY) % Change Remarks Revenue from Ops 10,369.59 10,950.74 -581.15 -5.3% For the nine months ended December 2025, Revenue from Operations declined by 5.3% YoY to ₹10,369.59 Mn.) Other Income
Slide 21: Investment Rationale
04 Investment Rationale
Slide 22: Investment Rationale
Investment Rationale Established Leadership Position in the Large and Regulated Payment Solutions Industry 31.9% Market Share 1 with High Barriers to Entry for credit and debit cards issuance in India in FY25 871 (New 172) 2 Long Standing Relationships with a Large Customer Base Total customers As o
Slide 23: Established Leadership Position in Payment Solutions 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 31.9% Market Share in FY25 60+ # of Banks served Capital-Intensive Equipment and 1 Technology 10 of 12 PSU Banks served 15 of 21 Private
Slide 24: Long Standing Relationships with a Large Customer Base
2 Long Standing Relationships with a Large Customer Base Customers have a Total Customers as 7 of Partnership New Customers 871 172 of 9MFY26 top 10 Vintage over 10 added in 9MFY26 years Revenue from Revenue from Top Revenue from Top 16.08% Largest Customer 50.83% 5 Customers as of 65.64% 10 Custome
Slide 25: Payment Solutions - Comprehensive Card Offerings
3A Payment Solutions-Comprehensive Card Offerings Metal Cards Payment Stickers Biometric Cards Wood Cards Payment Wearables Custom Module 24
Slide 26: Communication & Fulfilment Solutions Offerings
3B Communication & Fulfilment Solutions Driving Efficiency in Communications and Fulfilment for BFSI Clients Our Offerings Insurance Personalize Passbooks Digital Courseware Integrated Citizen and Health policies and d letters communication and office Logistics tax identity cards statements (SMS/Ema
Slide 27: IoT - Comprehensive Offering - Tags
3C IoT-Comprehensive Offering-Tags Passive Tags Active Tags-BLE • Real-time location tracking (RTLS) • UWB & BLE-based devices • Multiple tag and anchor form factors • Indoor positioning & proximity sensing • Asset, people, and workflow tracking • Scalable enterprise deployments Active Tags-Data Log
Slide 28: IoT - Comprehensive Offering - Automation Hardware
3D IoT-Comprehensive Offering-Automation Hardware RFID Tunnel RFID Kiosk Complete RFID hardware suite: tunnels, cabinets, kiosks, gateways. High-speed RFID tunnels for bulk, in- motion scanning. Smart RFID cabinets for secure, always-accurate inventory. RFID kiosks for self-service checkout, returns
Slide 29: IoT - Comprehensive Offering - Ready Software Platforms
3E IoT-Comprehensive Offering-Ready Software Platforms BLE/UWB App Data Loggers App RFID App • Sensor-based location intelligence • AI agent for safety information • Integrates with RFID systems platform • Continuous real time monitoring of • Tracks product movement across the • Enables real-time lo
Slide 30: 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 31: Pan-India Advanced Manufacturing Capabilities
5 Pan-India Advanced Manufacturing Capabilities 30
Slide 32: 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: 30+ years Experience: 30+ years • He holds a bachelor’s degree in Science from Sri • He holds a bachelor’s
Slide 33: 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 Sandeep Khurana Satyanarayana Pillalamarri Tangella Head, Business Head, Information Chief Financial Officer, Dev
Slide 34: IPO Funds Utilisation
05 IPO Funds Utilisation
Slide 35: IPO Funds Utilisation Update (Q3FY26)
IPO Funds Utilisation Update (Q3FY26) Amount as per offer As at beginning of the As at end of the During the quarter Unutilized amount document quarter quarter # Objects (Rs in Millions) (Rs in Millions) (Rs in Millions) (Rs in Millions) (Rs in Millions) (C) (A-B-C) (A) (B) (B+C) 1 Capex 1,979.13 -
Slide 36: Staying Connected With the Industry
06 Staying Connected With the Industry
Slide 37: GFF 2025 Product Launches - Cards by Seshaasai
GFF 2025 Product Launches-Cards by Seshaasai Union Bank of India Kotak Mahindra Bank Wallstreet Forex-Metal HDFC Thomas Cook 36
Slide 38: GFF 2025 Product Launches - Cards by Seshaasai
GFF 2025 Product Launches-Cards by Seshaasai Unimoney Forex Paul Merchants Forex Wallstreet Forex Zaggle Prepaid IDFC x Indigo 37
Slide 39: Events & Exhibitions
Events & Exhibitions Trustech Paris-Dec’25 NRF-USA-Jan’26 (Global Payment Cards) (Flagship Event for Global Retail) PHARMA EVENT-Nov’25 Solar Exhibition-Jun’25 FMCG Exhibition-Nov’25 CPHI PMEC Rooftop Solar World Food India 38
Slide 40: Thank you
Thank you For Further Information, Please Contact: Asha Gupta - asha.gupta@in.ey.com Pratik Jagtap – pratik.jagtap@in.ey.com Jyoti Gupta – jyoti.gupta2@in.ey.com companysecretary@seshaasai.com
Seshaasai Technologies — Q3 FY2026 Earnings Presentation on 6ix