Annonce • Aug 03
Karma Energy Limited to Report Q1, 2027 Results on Aug 13, 2026 Karma Energy Limited announced that they will report Q1, 2027 results on Aug 13, 2026 Reported Earnings • Jul 04
Full year 2026 earnings released: EPS: ₹0.91 (vs ₹1.21 in FY 2025) Full year 2026 results: EPS: ₹0.91 (down from ₹1.21 in FY 2025). Revenue: ₹97.6m (up 12% from FY 2025). Net income: ₹10.5m (down 25% from FY 2025). Profit margin: 11% (down from 16% in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Annonce • Jul 01
Karma Energy Limited, Annual General Meeting, Jul 23, 2026 Karma Energy Limited, Annual General Meeting, Jul 23, 2026, at 14:00 Indian Standard Time. Reported Earnings • May 29
Full year 2026 earnings released: EPS: ₹0.91 (vs ₹1.35 in FY 2025) Full year 2026 results: EPS: ₹0.91 (down from ₹1.35 in FY 2025). Revenue: ₹130.5m (up 50% from FY 2025). Net income: ₹10.5m (down 33% from FY 2025). Profit margin: 8.0% (down from 18% in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Apr 20
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to ₹53.34. The fair value is estimated to be ₹42.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹50.16, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 30x in the Renewable Energy industry in India. Total returns to shareholders of 40% over the past three years. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.19 (vs ₹1.21 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹0.19 (up from ₹1.21 loss in 3Q 2025). Revenue: ₹12.0m (up 27% from 3Q 2025). Net income: ₹2.17m (up ₹16.2m from 3Q 2025). Profit margin: 18% (up from net loss in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: ₹0.91 (vs ₹1.49 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.91 (down from ₹1.49 in 2Q 2025). Revenue: ₹50.0m (up 13% from 2Q 2025). Net income: ₹10.5m (down 39% from 2Q 2025). Profit margin: 21% (down from 39% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹64.37, the stock trades at a trailing P/E ratio of 61.3x. Average trailing P/E is 29x in the Renewable Energy industry in India. Total returns to shareholders of 124% over the past three years. New Risk • Aug 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 137% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Market cap is less than US$10m (₹636.3m market cap, or US$7.28m). Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (₹90m revenue, or US$1.0m). Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹0.53 (vs ₹0.81 in 1Q 2025) First quarter 2026 results: EPS: ₹0.53 (down from ₹0.81 in 1Q 2025). Revenue: ₹37.7m (up 57% from 1Q 2025). Net income: ₹6.08m (down 35% from 1Q 2025). Profit margin: 16% (down from 39% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Annonce • Aug 13
Karma Energy Limited, Annual General Meeting, Sep 25, 2025 Karma Energy Limited, Annual General Meeting, Sep 25, 2025, at 14:00 Indian Standard Time. Annonce • Aug 01
Karma Energy Limited to Report Q1, 2026 Results on Aug 12, 2025 Karma Energy Limited announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • Jul 30
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ₹87m (US$998k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue is less than US$1m (₹87m revenue, or US$998k). Market cap is less than US$10m (₹757.3m market cap, or US$8.68m). Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹69.55, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 33x in the Renewable Energy industry in India. Total returns to shareholders of 183% over the past three years. Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹1.35 (vs ₹0.11 in FY 2024) Full year 2025 results: EPS: ₹1.35 (up from ₹0.11 in FY 2024). Revenue: ₹114.4m (down 7.4% from FY 2024). Net income: ₹15.6m (up ₹14.4m from FY 2024). Profit margin: 14% (up from 1.0% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Annonce • May 15
Karma Energy Limited to Report Q4, 2025 Results on May 27, 2025 Karma Energy Limited announced that they will report Q4, 2025 results on May 27, 2025 New Risk • May 12
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 10.0% 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 Share price has been highly volatile over the past 3 months (10.0% average weekly change). Market cap is less than US$10m (₹633.9m market cap, or US$7.47m). Minor Risk Revenue is less than US$5m (₹88m revenue, or US$1.0m). Buy Or Sell Opportunity • Mar 25
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to ₹53.36. The fair value is estimated to be ₹71.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 46% over the last 3 years. Meanwhile, the company became loss making. New Risk • Mar 03
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 9.4% 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 Share price has been highly volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$10m (₹577.7m market cap, or US$6.61m). Minor Risk Revenue is less than US$5m (₹88m revenue, or US$1.0m). Buy Or Sell Opportunity • Feb 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to ₹58.13. The fair value is estimated to be ₹74.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 44% over the last 3 years. Meanwhile, the company became loss making. Annonce • Jan 30
Karma Energy Limited to Report Q3, 2025 Results on Feb 12, 2025 Karma Energy Limited announced that they will report Q3, 2025 results on Feb 12, 2025 New Risk • Jan 07
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 7.6% 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: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Revenue is less than US$5m (₹93m revenue, or US$1.1m). Market cap is less than US$100m (₹904.9m market cap, or US$10.6m). Annonce • Jan 01
Karma Energy Limited Approves Appointment of Hitesh Vrajlal Siraj as Director Karma Energy Limited approved Appointment of Mr. Hitesh Vrajlal Siraj (DIN: 00058048) as Director. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹1.49 (vs ₹2.22 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.49 (down from ₹2.22 in 2Q 2024). Revenue: ₹48.6m (down 23% from 2Q 2024). Net income: ₹17.2m (down 33% from 2Q 2024). Profit margin: 35% (down from 41% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Annonce • Nov 05
Karma Energy Limited to Report Q2, 2025 Results on Nov 12, 2024 Karma Energy Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Buy Or Sell Opportunity • Oct 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to ₹68.01. The fair value is estimated to be ₹85.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Oct 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ₹67.58. The fair value is estimated to be ₹84.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Oct 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹828.4m (US$9.87m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹828.4m market cap, or US$9.87m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.9% net profit margin). Revenue is less than US$5m (₹112m revenue, or US$1.3m). Annonce • Aug 15
Karma Energy Limited Approves Reconstitution of Board Committees Karma Energy Limited announced that the board of directors of the company vide resolution passed on August 12, 2024, approved the reconstitution of the following committees of the board of directors in view of retirement of Shri Kishore M. Vussonji non-executive independent director of the company at the 17th Annual General Meeting held on July 28, 2024. The Audit Committee: Mr. Balady Shekar Shetty, Chairman (Non-Executive Independent Director); Mr. Neelkamal Vrajlal Siraj, Member (Non-Executive non-Independent Director); Mrs. Smita Vinesh Davda, Member (Non-Executive Independent Director). The Nomination and Remuneration Committee: Mr. Balady Shekar Shetty, Chairman (Non-Executive Independent Director); Mr. Dharmendra G. Siraj, Member (Non-Executive non-Independent Director); Mrs. Smita Vinesh Davda, Member (Non-Executive Independent Director). Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹0.81 (vs ₹0.25 in 1Q 2024) First quarter 2025 results: EPS: ₹0.81 (up from ₹0.25 in 1Q 2024). Revenue: ₹34.8m (flat on 1Q 2024). Net income: ₹9.35m (up 225% from 1Q 2024). Profit margin: 27% (up from 8.2% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Annonce • Aug 01
Karma Energy Limited to Report Q1, 2025 Results on Aug 12, 2024 Karma Energy Limited announced that they will report Q1, 2025 results on Aug 12, 2024 New Risk • Jul 26
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: Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Revenue is less than US$5m (₹124m revenue, or US$1.5m). Market cap is less than US$100m (₹1.06b market cap, or US$12.6m). Reported Earnings • Jul 10
Full year 2024 earnings released: EPS: ₹0.11 (vs ₹5.09 in FY 2023) Full year 2024 results: EPS: ₹0.11 (down from ₹5.09 in FY 2023). Revenue: ₹123.5m (down 3.6% from FY 2023). Net income: ₹1.24m (down 98% from FY 2023). Profit margin: 1.0% (down from 46% in FY 2023). Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Annonce • Jul 09
Karma Energy Limited, Annual General Meeting, Jul 30, 2024 Karma Energy Limited, Annual General Meeting, Jul 30, 2024, at 14:00 Indian Standard Time. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹0.11 (vs ₹5.09 in FY 2023) Full year 2024 results: EPS: ₹0.11 (down from ₹5.09 in FY 2023). Revenue: ₹133.1m (up 3.9% from FY 2023). Net income: ₹1.24m (down 98% from FY 2023). Profit margin: 0.9% (down from 46% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Annonce • May 19
Karma Energy Limited to Report Q4, 2024 Results on May 28, 2024 Karma Energy Limited announced that they will report Q4, 2024 results on May 28, 2024 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹61.80, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 28x in the Renewable Energy industry in India. Total returns to shareholders of 313% over the past three years. New Risk • Mar 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹826.7m (US$10.00m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹826.7m market cap, or US$10.00m). Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (₹125m revenue, or US$1.5m). Reported Earnings • Feb 11
Third quarter 2024 earnings released: ₹0.86 loss per share (vs ₹1.22 loss in 3Q 2023) Third quarter 2024 results: ₹0.86 loss per share (improved from ₹1.22 loss in 3Q 2023). Revenue: ₹17.1m (down 15% from 3Q 2023). Net loss: ₹9.92m (loss narrowed 30% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 74% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹105, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 27x in the Renewable Energy industry in India. Total returns to shareholders of 494% over the past three years. Annonce • Jan 29
Karma Energy Limited to Report Q3, 2024 Results on Feb 08, 2024 Karma Energy Limited announced that they will report Q3, 2024 results on Feb 08, 2024 Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹88.65, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 22x in the Renewable Energy industry in India. Total returns to shareholders of 362% over the past three years. Annonce • Oct 28
Karma Energy Limited to Report Q2, 2024 Results on Nov 09, 2023 Karma Energy Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: ₹0.25 (vs ₹0.74 in 1Q 2023) First quarter 2024 results: EPS: ₹0.25 (down from ₹0.74 in 1Q 2023). Revenue: ₹35.1m (down 11% from 1Q 2023). Net income: ₹2.88m (down 67% from 1Q 2023). Profit margin: 8.2% (down from 22% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. New Risk • Aug 02
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 7.3% 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 Risk Market cap is less than US$10m (₹525.9m market cap, or US$6.38m). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (₹128m revenue, or US$1.6m). Annonce • Aug 01
Karma Energy Limited to Report Q1, 2024 Results on Aug 09, 2023 Karma Energy Limited announced that they will report Q1, 2024 results on Aug 09, 2023 Annonce • Jul 29
Karma Energy Limited Appoints Dharmendra Gulabchand Siraj as Director Karma Energy Limited approved appointment of Shri Dharmendra Gulabchand Siraj as Director who retires by rotation and being eligible has offered himself for re-appointment, at the 16th Annual General Meeting held on 27 July, 2023. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹40.40, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 13x in the Renewable Energy industry in India. Total returns to shareholders of 290% over the past three years. Annonce • May 26
Karma Energy Limited, Annual General Meeting, Jul 27, 2023 Karma Energy Limited, Annual General Meeting, Jul 27, 2023, at 14:00 Indian Standard Time. Reported Earnings • Feb 10
Third quarter 2023 earnings released: ₹1.22 loss per share (vs ₹1.97 profit in 3Q 2022) Third quarter 2023 results: ₹1.22 loss per share (down from ₹1.97 profit in 3Q 2022). Revenue: ₹20.3m (down 80% from 3Q 2022). Net loss: ₹14.1m (down 162% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Non-Executive Independent Director Balady Shetty was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 07
Full year 2022 earnings released: ₹1.40 loss per share (vs ₹11.47 loss in FY 2021) Full year 2022 results: ₹1.40 loss per share (up from ₹11.47 loss in FY 2021). Revenue: ₹316.6m (up 25% from FY 2021). Net loss: ₹16.2m (loss narrowed 88% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • May 31
Full year 2022 earnings released: ₹1.40 loss per share (vs ₹11.47 loss in FY 2021) Full year 2022 results: ₹1.40 loss per share (up from ₹11.47 loss in FY 2021). Revenue: ₹326.1m (up 29% from FY 2021). Net loss: ₹16.2m (loss narrowed 88% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Non-Executive Independent Director Balady Shetty was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 14
Third quarter 2022 earnings: Revenues in line with analyst expectations Third quarter 2022 results: Revenue: ₹101.3m (up 129% from 3Q 2021). Net income: ₹22.8m (up ₹52.2m from 3Q 2021). Profit margin: 23% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Reported Earnings • Nov 18
Second quarter 2022 earnings released: EPS ₹0.52 (vs ₹0.51 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹126.0m (up 11% from 2Q 2021). Net income: ₹5.98m (up ₹11.9m from 2Q 2021). Profit margin: 4.7% (up from net loss in 2Q 2021). Reported Earnings • Aug 18
First quarter 2022 earnings released: ₹1.56 loss per share (vs ₹2.43 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: ₹71.7m (up 1.2% from 1Q 2021). Net loss: ₹18.0m (loss narrowed 36% from 1Q 2021). Reported Earnings • Jul 03
Full year 2021 earnings released: ₹11.47 loss per share (vs ₹0.24 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: ₹258.2m (down 38% from FY 2020). Net loss: ₹132.7m (loss widened ₹129.9m from FY 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 15
Third quarter 2021 earnings released: ₹2.54 loss per share (vs ₹1.34 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: ₹46.2m (down 40% from 3Q 2020). Net loss: ₹29.4m (loss widened 90% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 06
New 90-day high: ₹16.65 The company is up 84% from its price of ₹9.05 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 Renewable Energy industry, which is up 35% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: ₹11.00 The company is up 4.0% from its price of ₹10.60 on 10 September 2020. The Indian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 40% over the same period. Is New 90 Day High Low • Nov 03
New 90-day low: ₹8.70 The company is down 10.0% from its price of ₹9.65 on 05 August 2020. The Indian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 44% over the same period. Is New 90 Day High Low • Sep 21
New 90-day low: ₹9.30 The company is down 19% from its price of ₹11.55 on 23 June 2020. The Indian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 16% over the same period. Reported Earnings • Sep 18
First quarter earnings released Over the last 12 months the company has reported total losses of ₹24.8m, with losses narrowing by 71% from the prior year. Total revenue was ₹395.8m over the last 12 months, up 2.9% from the prior year.