Seshaasai Technologies Limited · NSE:STYL
Seshaasai Technologies — Q2 FY26 Earnings Presentation
40 slides from Seshaasai Technologies's earnings presentation, Nov 12, 2025
Slide 1: Exchange filing letter for Q2FY26 earnings call
November 12, 2025 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: Q2FY26
Slide 2: Q2FY26 Investor Presentation
Q2FY26 Investor Presentation 11th November 2025
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: Agenda: Company Overview
COMPANY OVERVIEW FINANCIAL PERFORMANCE INVESTMENT RATIONALE GROWTH STRATEGIES INDUSTRY OVERVIEW 3
Slide 5: Company Overview
COMPANY OVERVIEW FINANCIAL PERFORMANCE INVESTMENT RATIONALE GROWTH STRATEGIES INDUSTRY OVERVIEW 4
Slide 6: Seshaasai At a Glance (1/2)
Seshaasai At a Glance (1/2) Wide Range of Offerings: Communication and Fulfilment Payment Solutions IoT Solutions Solutions End-to-End powered by Safe, Secure and Proprietary Platforms Payment Card Industry International Organization Certifications / Licenses / Approvals NPCI Rupay Indian Banks Asso
Slide 7: Seshaasai At a Glance (2/2)
Seshaasai At a Glance (2/2) Client Base: Advanced 24 7 6 Manufacturing 2 Manufacturing Units Locations States R&D Labs Facilities Pan India Revenue from Operations (₹ Mn) EBITDA Margin (%) PAT Margin (%) 25.1% 15.1% 15,582.6 14,631.5 19.3% Robust Financial 11,463.0 18.0% 9.8% 10.8% Performance FY23
Slide 8: A Partner Through Life's Evolution
A Partner Through Life’s Evolution 7
Slide 9: Our Journey So Far
Our Journey So Far • Bagged first big • Set up Card units for • Developed smart • First personalized Government Project for Rupay and two Global wearables cheque book printed GOI – ICR Scannable Payment Schemes at • Launched the Rupay On- schedules Mumbai • Started printing of bank the-Go for making
Slide 10: Financial Performance
COMPANY OVERVIEW FINANCIAL PERFORMANCE INVESTMENT RATIONALE GROWTH STRATEGIES INDUSTRY OVERVIEW 9
Slide 11: Key Financial Highlights – Q2FY26 & H1FY26
Key Financial Highlights – Q2FY26 & H1FY26 Q2FY26: • Revenue from operation was at ₹ 3,523.4 million, a growth of 13.3% on a QoQ basis. • Continued to maintain momentum in its focused verticals: o Payment Solutions contributed 51.1% of the revenues. o Communication & Fulfilment Solutions contributed
Slide 12: Consolidated Financial Summary – Q2FY26 & H1FY26
Consolidated Financial Summary – Q2FY26 & H1FY26 (Figures in INR Million) QoQ YoY Particulars Q2FY26 Q1FY26 Q2FY25 H1FY26 H1FY25 YoY Growth Growth Growth Revenue from Operations 3,523.4 3,108.7 13.3% 406.8 (10.8%) 6,632.1 7,556.5 (12.2%) Revenue Other Income 10.7 23.4 (54.2%) 22.7 (52.7%) 34.2 39.1
Slide 13: Financial Performance – Q2FY26 & H1FY26
Financial Performance – Q2FY26 & H1FY26 (Figures in INR Million) Operating Revenue EBITDA & Margin (%) PAT & Margin (%) -10.8% -10.8% -11.7% Q2F Y26 Performance YOY YOY YOY 16.4% 26.8% 26.9% 16.3% 23.6% 11.8% 13.3% 29.0% 56.2% QoQ QoQ QoQ 3,951.5 3,108.7 3,523.4 1,066.0 737.6 951.1 651.6 368.4 575.3
Slide 14: Investment Rationale
COMPANY OVERVIEW FINANCIAL PERFORMANCE INVESTMENT RATIONALE GROWTH STRATEGIES INDUSTRY OVERVIEW 13
Slide 15: Investment Rationale
Investment Rationale Established Leadership Position in the Large and Regulated Payment Solutions Industry with High Barriers to 31.9% Market Share 1 Entry for credit and debit cards issuance in India in FY25 2 Long Standing Relationships with a Large Customer Base 708 (New 169) Total customers As o
Slide 16: 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 31.9% Market Share in FY25 60+ # of Banks served 1 Capital-Intensive Equipment and Technology 2 Stringent Regulatory and Security 10 of 1
Slide 17: Long Standing Relationships with a Large Customer Base
2 Long Standing Relationships with a Large Customer Base - Customers have a Total Customers as of New Customers added in 708 H1FY26 7 of top 10 Partnership Vintage over 10 169 H1FY26 years Revenue from Largest Revenue from Top 5 Revenue from Top 10 16.5% Customer as of H1FY26 50.2% Customers as of H
Slide 18: Comprehensive Portfolio of Customizable and Scalable Solutions
3 Comprehensive Portfolio of Customizable and Scalable Solutions 49.8% 40.0% 9.9% Communication and Fulfilment Payment Solutions IoT Solutions Solutions Note: Revenue from Business Verticals (%) as on H1FY26 17
Slide 19: Payment Solutions
3A Payment Solutions Payment Solutions Communication and Fulfilment Solutions IoT Solutions 18
Slide 20: Comprehensive Card Solutions for the BFSI Ecosystem
3A Comprehensive Card Solutions for the BFSI Ecosystem Our Card Offerings Debit Cards Credit Cards Prepaid Cards Mass Transit Cards Metal Cards Card Personalization Units One of the Few to Manage the Entire Payment Lifecycle Design & Develop Delivery 31.9% Manufacturing Securely Embed Kolkata Navi M
Slide 21: Adapting to a Continuously Evolving Payments Landscape
3A Adapting to a Continuously Evolving Payments Landscape Our Offerings Merchant QR Key fobs Wristbands Stickers Wearables Metal Cards Biometric Codes Cards RuPay x Seshaasai: Instrumental in Fostering Innovation First RuPay qSPARC NCMC Card Introduced RuPay Wearables Innovation in NFC Solutions for
Slide 22: Communication and Fulfilment Solutions
3B Payment Solutions Communication and Fulfilment Communication and Fulfilment Solutions Solutions IoT Solutions 21
Slide 23: Driving Efficiency in Communications and Fulfilment for BFSI Clients
3B Driving Efficiency in Communications and Fulfilment for BFSI Clients Our Offerings Insurance Personalized Passbooks Digital Courseware and Integrated Citizen and tax Health cards policies and letters communication office stationery Logistics identity cards statements (SMS/Email) management Delive
Slide 24: IoT Solutions
3C Payment Solutions IoT Solutions Communication and Fulfilment Solutions IoT Solutions 23
Slide 25: Addressing the Entire RFID Ecosystem
3C Addressing the Entire RFID Ecosystem 24
Slide 26: Our IoT Solutions
3C Our IoT Solutions Our Offerings Our Partnerships RFID Tags NFC Inlays Solutions & Automations Our Solutions include Supply-chain Warehouse Our Offerings Identification and Asset tracking Renewable Energy Visibility management Payments Electronic Toll Authenticity-tracing Asset Management Retail a
Slide 27: Proprietary Technology Stack Enabling Bespoke Solutions
4 Proprietary Technology Stack Enabling Bespoke Solutions Our solutions are powered by our proprietary platforms that leverage advanced technologies and various communication systems and protocols understand customer data, execute business rules, and Artificial intelligence (“AI”)-powered deliverabl
Slide 28: Pan-India Advanced Manufacturing Capabilities
5 Pan-India Advanced Manufacturing Capabilities Pan-India physical network comprising 24 manufacturing units across seven locations in India as of September 30, 2025 R&D Capabilities 68 Dedicated R&D Employees As on September 30, 2025 2 11/2* Dedicated R&D Labs Patents filed/Awarded Developed variou
Slide 29: Track Record of Healthy Financial Performance
6 Track Record of Healthy Financial Performance Revenue from Operations (₹ Million) Gross Profit (₹ Million) EBITDA & Profit after Tax (₹ Million) 34.97% 36.60% 41.82% 17.98% 19.30% 25.13% 9.37% 10.78% 15.09% 6,119.29 3,703.65 15,582.56 5,703.51 14,631.51 3,030.10 11,462.99 4,009.10 2,223.20 2,074.2
Slide 30: Experienced Promoters and Senior Management Team
7 Experienced Promoters and Senior Management Team backed by Committed Employee Base Experienced Promoters 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 Sat
Slide 31: Senior Management Team and Board of Directors
7 Experienced Promoters and Senior Management Team backed by Committed Employee Base Senior Management Team backed by Committed Employee Base Venkat Sandhi Bosco Mascarenhas Pawan Kumar Pillalamarri Sandeep Khurana Satyanarayana Tangella Head, Business Development & Chief Financial Officer, Head, In
Slide 32: Growth Strategies
COMPANY OVERVIEW FINANCIAL PERFORMANCE INVESTMENT RATIONALE GROWTH STRATEGIES INDUSTRY OVERVIEW 31
Slide 33: Growth Strategies
Growth Strategies Expand Offerings in the IoT Focus on Entering into and RFID Space International Markets • Focusing on domestic manufacturing • Intend to expand our offerings in • Intend to further expand on our the SAARC region, parts of Africa infrastructure for manufacturing RFID and Eastern Eur
Slide 34: Industry Overview
COMPANY OVERVIEW FINANCIAL PERFORMANCE INVESTMENT RATIONALE GROWTH STRATEGIES INDUSTRY OVERVIEW 33
Slide 35: Payment Solutions Industry
A1 Payment Solutions Industry Total Payment Cards in Circulation (in million) Low Card Penetration India vs Global Factors Fueling Credit and Debit Card Adoption TAM1 14.8 30.8 61.7 CAGR Customization and Branding FY24-30 2,037 95% 330 83% Credit Cards 21.6% 76% Government Initiatives 1,474 67% 1,26
Slide 36: Payment Solutions Industry Overview
A2 Payment Solutions Industry Overview Total India Metal Cards (Million) Mass Transit Payments Card Market Key Factors Driving Growth of the Market Daily ridership (million) Banks had Expansion of Digital 40.40 12.5 48 issued cards by Payments Ecosystem 10 March 2024 Now Near Future Rising Smartphon
Slide 37: Communication and Fulfilment Solutions Industry
B Communication and Fulfilment Solutions Industry Rising Number of Bank Branches with Significant Growth in CASA This Growth is Largely attributed to Several Key Factors CASA (In Million) 1,724 2,265 Bank Branches 1,643 2,120 Financial Inclusion Economic Growth and Initiatives Rising Income Levels 1
Slide 38: The Expanding Role of IoT across Business Operations
C The Expanding Role of IoT across Business Operations Global RFID Market Indian RFID Market Key Growth Enablers (₹ Billion) (₹ Billion) 2,631.1 102.9 Increased Demand for Real-Time Tracking & Inventory Management 1,338.5 Integration with IoT & Digital 47.8 Transformation Regulatory Mandates & Indus
Slide 39: IoT Solutions Industry
C IoT Solutions Industry Total IoT e-SIM Connections Market Size & Growth Drivers India’s e-Sim Adoption* As on December 2023 3,941.1 Primary Drivers of the 70% Global IoT eSIM market include demand from automotive, utility, and 2,312.4 logistics sectors 1641.3 Collaboration among Mobile Network Ope
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
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