Seshaasai Technologies Limited announced the release of the transcript for its Q3 FY26 Earnings Conference Call, which was held on January 30, 2026. The call featured management including Mr. Pragnyat Lalwani (Chairman and Managing Director), Mr. Gautam Jain (Whole-Time Director), and Mr. Pavan Kumar (Chief Financial Officer). During the call, the management highlighted that for Q3 FY26, the company reported revenue of ₹374 crore, a sequential growth of 6.1% and a year-on-year growth of 10.1%. Profit After Tax (PAT) stood at ₹64 crore with a PAT margin of 17.15%, showing a year-on-year growth of 19.3%. The growth was attributed to increased contributions from payment solutions, communication and fulfilment, and IoT solutions. Key business updates included securing multi-year contract wins in payment solutions, with a business potential of approximately ₹489 crore for payment cards and ₹210 crore for personalised checkbooks and merchant QR kits. The company is also seeing strong traction in the metal card segment and has been shortlisted by a European fintech for global supply. In the communication and fulfilment segment, demand from BFSI, government, and enterprise customers remained healthy. The IoT solutions vertical saw adoption of RFID solutions across various industries, with six new wins this quarter, including a significant contract with a large Indian retail giant. Financially, for the 9 months of FY26, total revenue was approximately ₹1,037 crore. EBITDA was ₹269.6 crore with a margin of 26%, and PAT was ₹158.57 crore with a margin of 15.3%. The company ended December 31, 2025, with cash and cash equivalents of approximately ₹387 crore. Funds from the IPO were utilized for debt repayment of ₹230 crore in Q3, with ₹254 crore remaining to be utilized. The management expressed confidence in maintaining gross margins between 43% and 45%, while closely monitoring dollar fluctuations. Approximately 37-38% of the company's costs are dollar-denominated. The outlook for Q4 FY26 is optimistic, with expectations of stronger performance across verticals, continuing the trend seen in previous years.