Ankündigung • Aug 11
Vardhman Polytex Limited, Annual General Meeting, Sep 24, 2026 Vardhman Polytex Limited, Annual General Meeting, Sep 24, 2026, at 11:00 Indian Standard Time. Location: vardhaman park, chandigarh road, ludhiana - 141123, ludhiana India Reported Earnings • Aug 11
First quarter 2027 earnings released: EPS: ₹6.44 (vs ₹0.004 in 1Q 2026) First quarter 2027 results: EPS: ₹6.44 (up from ₹0.004 in 1Q 2026). Revenue: ₹689.1m (up 16% from 1Q 2026). Net income: ₹3.11b (up ₹3.11b from 1Q 2026). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 03
Vardhman Polytex Limited to Report Q1, 2027 Results on Aug 10, 2026 Vardhman Polytex Limited announced that they will report Q1, 2027 results on Aug 10, 2026 Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹0.17 (vs ₹0.45 in FY 2025) Full year 2026 results: EPS: ₹0.17 (down from ₹0.45 in FY 2025). Revenue: ₹2.46b (down 14% from FY 2025). Net income: ₹76.8m (down 49% from FY 2025). Profit margin: 3.1% (down from 5.2% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Ankündigung • May 20
Vardhman Polytex Limited to Report Q4, 2026 Results on May 29, 2026 Vardhman Polytex Limited announced that they will report Q4, 2026 results on May 29, 2026 Ankündigung • Apr 17
Vardhman Polytex Limited announced that it expects to receive INR 250 million in funding Vardhman Polytex Limited announces a private placement to issue and allot unlisted, secured, redeemable and optionally convertible debentures on preferential basis aggregating up to INR 250,000,000 On April 16, 2026. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹8.44, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 375% over the past three years. New Risk • Feb 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.2% Last year net profit margin: 5.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.02x net interest cover). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Negative equity (-₹2.2b). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (₹3.40b market cap, or US$37.6m). Reported Earnings • Feb 16
Third quarter 2026 earnings released Third quarter 2026 results: EPS: ₹0.004. Revenue: ₹528.4m (down 30% from 3Q 2025). Net income: ₹1.45m (down 99% from 3Q 2025). Profit margin: 0.3% (down from 32% in 3Q 2025). Ankündigung • Feb 09
Vardhman Polytex Limited to Report Q3, 2026 Results on Feb 14, 2026 Vardhman Polytex Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 14, 2026 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹6.99, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 304% over the past three years. New Risk • Jan 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-₹2.2b). High level of non-cash earnings (167% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹3.01b market cap, or US$33.1m). Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹6.55, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 19x in the Luxury industry in India. Total returns to shareholders of 291% over the past three years. New Risk • Nov 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 167% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-₹2.2b). High level of non-cash earnings (167% accrual ratio). Minor Risk Market cap is less than US$100m (₹3.04b market cap, or US$34.3m). Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹0.14 (vs ₹0.02 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.14 (up from ₹0.02 in 2Q 2025). Revenue: ₹634.4m (down 1.5% from 2Q 2025). Net income: ₹64.6m (up ₹58.3m from 2Q 2025). Profit margin: 10% (up from 1.0% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Share price has been highly volatile over the past 3 months (8.4% average weekly change). Negative equity (-₹2.3b). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (₹3.60b market cap, or US$40.7m). Ankündigung • Nov 03
Vardhman Polytex Limited to Report Q2, 2026 Results on Nov 14, 2025 Vardhman Polytex Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Ankündigung • Aug 09
Vardhman Polytex Limited to Report Q1, 2026 Results on Aug 13, 2025 Vardhman Polytex Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Reported Earnings • Jul 31
Full year 2025 earnings released: EPS: ₹0.45 (vs ₹12.01 loss in FY 2024) Full year 2025 results: EPS: ₹0.45 (up from ₹12.01 loss in FY 2024). Revenue: ₹2.85b (down 23% from FY 2024). Net income: ₹149.2m (up ₹416.8m from FY 2024). Profit margin: 5.2% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 58% per year, which means it is well ahead of earnings. Ankündigung • Jul 28
Vardhman Polytex Limited, Annual General Meeting, Aug 28, 2025 Vardhman Polytex Limited, Annual General Meeting, Aug 28, 2025, at 11:00 Indian Standard Time. Location: vardhaman park, chandigarh road, ludhiana - 141123, ludhiana India New Risk • Jun 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Share price has been highly volatile over the past 3 months (9.3% average weekly change). Negative equity (-₹2.3b). Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₹5.64b market cap, or US$65.6m). Ankündigung • May 17
Vardhman Polytex Limited to Report Q4, 2025 Results on May 30, 2025 Vardhman Polytex Limited announced that they will report Q4, 2025 results on May 30, 2025 Ankündigung • Mar 10
Vardhman Polytex Limited Approves the Closure of Operations At Manufacturing Unit of Company Located At Focal Point, Ludhian Vardhman Polytex Limited informed that the board of directors of the company at its meeting held on March 10, 2025 has considered and approved the closure of operations at manufacturing unit of company located at Focal Point, Ludhiana on account of Management's decision to explore various avenues for the monetization of real estate potential of the land. Date of closure or estimated time of closure: Upto 31st March, 2025; Reason for closure: Monetization of real estate potential of the plant land; Streamlininq the cash flows of the organization. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹9.39, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 22x in the Luxury industry in India. Total returns to shareholders of 337% over the past three years. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹0.68 (vs ₹0.22 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.68 (up from ₹0.22 in 3Q 2024). Revenue: ₹785.1m (up 23% from 3Q 2024). Net income: ₹240.6m (up 353% from 3Q 2024). Profit margin: 31% (up from 8.3% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jan 31
Vardhman Polytex Limited to Report Q3, 2025 Results on Feb 11, 2025 Vardhman Polytex Limited announced that they will report Q3, 2025 results on Feb 11, 2025 New Risk • Nov 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹11m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹11m free cash flow). Negative equity (-₹3.7b). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₹3.79b market cap, or US$44.8m). Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹0.02 (vs ₹1.51 loss in 2Q 2024) Second quarter 2025 results: EPS: ₹0.02 (up from ₹1.51 loss in 2Q 2024). Revenue: ₹737.6m (down 28% from 2Q 2024). Net income: ₹6.29m (up ₹347.0m from 2Q 2024). Profit margin: 0.9% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 57% per year, which means it is well ahead of earnings. Ankündigung • Nov 09
Vardhman Polytex Limited to Report Q2, 2025 Results on Nov 14, 2024 Vardhman Polytex Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 15
First quarter 2025 earnings released: ₹0.39 loss per share (vs ₹0.047 profit in 1Q 2024) First quarter 2025 results: ₹0.39 loss per share (down from ₹0.047 profit in 1Q 2024). Revenue: ₹690.7m (down 56% from 1Q 2024). Net loss: ₹107.5m (down ₹118.0m from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 65% per year, which means it is well ahead of earnings. Ankündigung • Aug 14
Vardhman Polytex Limited, Annual General Meeting, Sep 27, 2024 Vardhman Polytex Limited, Annual General Meeting, Sep 27, 2024, at 11:00 Indian Standard Time. Location: vardhaman park, chandigarh road, ludhiana-141123, ludhiana India Ankündigung • Aug 09
Vardhman Polytex Limited to Report Q1, 2025 Results on Aug 14, 2024 Vardhman Polytex Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Ankündigung • May 22
Vardhman Polytex Limited to Report Q4, 2024 Results on May 27, 2024 Vardhman Polytex Limited announced that they will report Q4, 2024 results on May 27, 2024 Ankündigung • May 06
Vardhman Polytex Limited Announces Resignation of Mr. Sudipta Kumar Bhattacharyya as Senior Vice President (Finance & Strategy) Vardhman Polytex Limited announced that Mr. Sudipta Kumar Bhattacharyya has tendered his resignation from the position of Senior Vice President (Finance & Strategy) and he has been relieved on 03rd May,2024. Resignation due to health conditions of his family members which require dedicated attention. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: ₹2.23 (vs ₹7.41 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.23 (down from ₹7.41 in 3Q 2023). Revenue: ₹636.9m (down 32% from 3Q 2023). Net income: ₹53.1m (down 68% from 3Q 2023). Profit margin: 8.3% (down from 18% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Ankündigung • Feb 05
Vardhman Polytex Limited to Report Q3, 2024 Results on Feb 13, 2024 Vardhman Polytex Limited announced that they will report Q3, 2024 results at 3:30 PM, Indian Standard Time on Feb 13, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: ₹15.12 loss per share (vs ₹1.47 profit in 2Q 2023) Second quarter 2024 results: ₹15.12 loss per share (down from ₹1.47 profit in 2Q 2023). Revenue: ₹1.02b (flat on 2Q 2023). Net loss: ₹340.7m (down ₹373.3m from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 95% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹60.15, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 23x in the Luxury industry in India. Total returns to shareholders of 697% over the past three years. Ankündigung • Sep 15
Vardhman Polytex Limited Announces Resignation of Sanjeev Joshi as Independent Director Vardhman Polytex Limited announced that Mr. Sanjeev Joshi, Independent Director has tendered his resignation from position of Independent Director of the company with immediate effect due to his other professional commitments as mentioned in the enclosed resignation letter dated 14 September 2023. Resignation by Mr. Sanjeev Joshi due to his other professional commitments. New Risk • Sep 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.0% operating cash flow to total debt). Negative equity (-₹3.6b). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Market cap is less than US$100m (₹1.52b market cap, or US$18.3m). Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹70.10, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 22x in the Luxury industry in India. Total returns to shareholders of 658% over the past three years. Ankündigung • Aug 20
Vardhman Polytex Limited Approves the Appointment of Sanchi Director as Independent Director Vardhman Polytex Limited approved the appointment of Sanchi Director as independent director, at the AGM held on August 18, 2023. Ankündigung • Aug 03
Vardhman Polytex Limited to Report Q1, 2024 Results on Aug 08, 2023 Vardhman Polytex Limited announced that they will report Q1, 2024 results on Aug 08, 2023 Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive Independent Director Sanchi Taneja was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 27
Full year 2023 earnings released: EPS: ₹0.67 (vs ₹6.98 loss in FY 2022) Full year 2023 results: EPS: ₹0.67 (up from ₹6.98 loss in FY 2022). Revenue: ₹6.20b (down 33% from FY 2022). Net income: ₹14.9m (up ₹170.5m from FY 2022). Profit margin: 0.2% (up from net loss in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 183 percentage points per year, which is a significant difference in performance. Ankündigung • Jul 21
Vardhman Polytex Limited Announces Reconstitution of Committees Vardhman Polytex Limited announced that at its board meeting held on July 18, 2023, Committees of the board members are reconstituted in the following manner: Audit Committee: Mr. Sandeep Mehta – Independent Chairman, Mrs. Sanchi Taneja – Independent Member, Mrs. Manju Oswal – Non-executive Member; Nomination and Remuneration Committee: Mr. Sandeep Mehta - Independent Chairman, Mrs. Sanchi Taneja – Independent Member, Mrs. Manju Oswal – Non-executive Member. Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: ₹0.67 (vs ₹6.96 loss in FY 2022) Full year 2023 results: EPS: ₹0.67 (up from ₹6.96 loss in FY 2022). Revenue: ₹6.22b (down 33% from FY 2022). Net income: ₹14.9m (up ₹170.0m from FY 2022). Profit margin: 0.2% (up from net loss in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 242 percentage points per year, which is a significant difference in performance. Ankündigung • May 23
Vardhman Polytex Limited to Report Q4, 2023 Results on May 30, 2023 Vardhman Polytex Limited announced that they will report Q4, 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹45.25, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 1,545% over the past three years. Ankündigung • May 19
Vardhman Polytex Limited announced that it expects to receive funding from Sahi Trading Private Limited Vardhman Polytex Limited announced a private placement of 3,250,000 prepaid warrants at a price of INR 40.50 for the gross proceeds of INR ?131,625,000. The transaction involved participation from new investors Sahi Trading Private Limited for 2,50,000 warrants, Saajan Subhash Rathod for 2,50,000 warrants, Mavank Subhash Rathod 2,50,000 warrants, Ruchi Gupta for 2,50,000 warrants, Anupama Kothari for 12,50,000 warants, Rqqinder Pal Singh for 3,75,000 warrants and E$ot Singh Chawla for 3,75,000 warrants.? Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to ₹37.40, the stock trades at a trailing P/E ratio of 31.6x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 1,000% over the past three years. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹25.20, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 675% over the past three years. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹7.41 (vs ₹2.90 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹7.41 (up from ₹2.90 loss in 3Q 2022). Revenue: ₹937.2m (down 62% from 3Q 2022). Net income: ₹165.2m (up ₹229.8m from 3Q 2022). Profit margin: 18% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 115% per year, which means it is well ahead of earnings. Ankündigung • Jan 27
Vardhman Polytex Limited to Report Q3, 2023 Results on Feb 13, 2023 Vardhman Polytex Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 19
Second quarter 2023 earnings released: EPS: ₹1.47 (vs ₹0.82 loss in 2Q 2022) Second quarter 2023 results: EPS: ₹1.47 (up from ₹0.82 loss in 2Q 2022). Revenue: ₹1.02b (down 53% from 2Q 2022). Net income: ₹32.7m (up ₹50.9m from 2Q 2022). Profit margin: 3.2% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 103% per year, which means it is well ahead of earnings. Reported Earnings • Sep 05
Full year 2022 earnings released: ₹6.96 loss per share (vs ₹25.44 loss in FY 2021) Full year 2022 results: ₹6.96 loss per share (improved from ₹25.44 loss in FY 2021). Revenue: ₹9.29b (up 83% from FY 2021). Net loss: ₹155.1m (loss narrowed 73% from FY 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 98% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Aug 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Additional Independent Non Executive Director Sandeep Mehta was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 04
Full year 2022 earnings released: ₹6.96 loss per share (vs ₹25.44 loss in FY 2021) Full year 2022 results: ₹6.96 loss per share (up from ₹25.44 loss in FY 2021). Revenue: ₹9.29b (up 83% from FY 2021). Net loss: ₹155.1m (loss narrowed 73% from FY 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 15
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹2.90 loss per share (up from ₹6.34 loss in 3Q 2021). Revenue: ₹2.45b (up 62% from 3Q 2021). Net loss: ₹64.6m (loss narrowed 54% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 16
Second quarter 2022 earnings released: ₹0.82 loss per share (vs ₹8.90 loss in 2Q 2021) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: ₹2.16b (up 79% from 2Q 2021). Net loss: ₹18.3m (loss narrowed 91% from 2Q 2021). Reported Earnings • Aug 18
First quarter 2022 earnings released: ₹0.20 loss per share (vs ₹9.66 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: ₹1.92b (up 348% from 1Q 2021). Net loss: ₹4.47m (loss narrowed 98% from 1Q 2021). Reported Earnings • Jul 04
Full year 2021 earnings released: ₹25.43 loss per share (vs ₹45.68 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: ₹5.09b (down 9.3% from FY 2020). Net loss: ₹567.0m (down 156% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 19
New 90-day high: ₹17.25 The company is up 117% from its price of ₹7.95 on 20 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 16% over the same period. Reported Earnings • Feb 15
Third quarter 2021 earnings released: ₹6.34 loss per share (vs ₹9.01 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: ₹1.51b (up 23% from 3Q 2020). Net loss: ₹141.4m (loss narrowed 30% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 06
New 90-day high: ₹16.10 The company is up 106% from its price of ₹7.80 on 08 October 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 26% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: ₹9.65 The company is up 24% from its price of ₹7.80 on 10 September 2020. The Indian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 23% over the same period.