Reported Earnings • Feb 13
Third quarter 2026 earnings released: EPS: ₹4.06 (vs ₹4.62 in 3Q 2025) Third quarter 2026 results: EPS: ₹4.06 (down from ₹4.62 in 3Q 2025). Revenue: ₹10.3b (up 21% from 3Q 2025). Net income: ₹970.3m (down 12% from 3Q 2025). Profit margin: 9.4% (down from 13% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 05
Schneider Electric Infrastructure Limited to Report Q3, 2026 Results on Feb 12, 2026 Schneider Electric Infrastructure Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹698, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 32x in the Electrical industry in India. Total returns to shareholders of 289% over the past three years. Board Change • Jan 17
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Chairman Pravin Purang is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: ₹2.19 (vs ₹2.27 in 2Q 2025) Second quarter 2026 results: EPS: ₹2.19 (down from ₹2.27 in 2Q 2025). Revenue: ₹6.55b (up 9.1% from 2Q 2025). Net income: ₹523.2m (down 3.6% from 2Q 2025). Profit margin: 8.0% (down from 9.0% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 31
Schneider Electric Infrastructure Limited to Report Q2, 2026 Results on Nov 07, 2025 Schneider Electric Infrastructure Limited announced that they will report Q2, 2026 results on Nov 07, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: ₹1.72 (vs ₹2.03 in 1Q 2025) First quarter 2026 results: EPS: ₹1.72 (down from ₹2.03 in 1Q 2025). Revenue: ₹6.22b (up 4.8% from 1Q 2025). Net income: ₹412.4m (down 15% from 1Q 2025). Profit margin: 6.6% (down from 8.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 99% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 07
Schneider Electric Infrastructure Limited, Annual General Meeting, Sep 04, 2025 Schneider Electric Infrastructure Limited, Annual General Meeting, Sep 04, 2025, at 15:30 Indian Standard Time. Announcement • Aug 01
Schneider Electric Infrastructure Limited to Report Q1, 2026 Results on Aug 07, 2025 Schneider Electric Infrastructure Limited announced that they will report Q1, 2026 results at 9:08 AM, Indian Standard Time on Aug 07, 2025 Price Target Changed • Jun 17
Price target increased by 80% to ₹910 Up from ₹505, the current price target is provided by 1 analyst. New target price is 19% above last closing price of ₹766. Stock is down 13% over the past year. The company posted earnings per share of ₹11.20 last year. Reported Earnings • May 27
Full year 2025 earnings released: EPS: ₹11.20 (vs ₹7.20 in FY 2024) Full year 2025 results: EPS: ₹11.20 (up from ₹7.20 in FY 2024). Revenue: ₹26.4b (up 20% from FY 2024). Net income: ₹2.68b (up 56% from FY 2024). Profit margin: 10% (up from 7.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 19
Schneider Electric Infrastructure Limited to Report Q4, 2025 Results on May 26, 2025 Schneider Electric Infrastructure Limited announced that they will report Q4, 2025 results on May 26, 2025 Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹653, the stock trades at a trailing P/E ratio of 72.1x. Average forward P/E is 38x in the Electrical industry in India. Total returns to shareholders of 432% over the past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹564, the stock trades at a trailing P/E ratio of 62.2x. Average forward P/E is 33x in the Electrical industry in India. Total returns to shareholders of 347% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹703, the stock trades at a trailing P/E ratio of 77.6x. Average forward P/E is 34x in the Electrical industry in India. Total returns to shareholders of 491% over the past three years. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹4.62 (vs ₹3.80 in 3Q 2024) Third quarter 2025 results: EPS: ₹4.62 (up from ₹3.80 in 3Q 2024). Revenue: ₹8.65b (up 16% from 3Q 2024). Net income: ₹1.11b (up 22% from 3Q 2024). Profit margin: 13% (in line with 3Q 2024). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 04
Schneider Electric Infrastructure Limited to Report Q3, 2025 Results on Feb 11, 2025 Schneider Electric Infrastructure Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: ₹2.27 (vs ₹1.79 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.27 (up from ₹1.79 in 2Q 2024). Revenue: ₹6.09b (up 23% from 2Q 2024). Net income: ₹542.7m (up 27% from 2Q 2024). Profit margin: 8.9% (up from 8.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electrical industry in India. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 14
Schneider Electric Infrastructure Limited Announces Resignation of Amol Phatak as Non-Executive Non-Independent Director Schneider Electric Infrastructure Limited announced that Mr. Amol Phatak, Non-Executive Non-Independent Director of the company has tendered his resignation with immediate effect, i.e. November 14, 2024, owing taking up new role within Schneider Electric Group and time zone difference. Announcement • Nov 05
Schneider Electric Infrastructure Limited to Report Q2, 2025 Results on Nov 14, 2024 Schneider Electric Infrastructure Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Aug 29
Schneider Electric Infrastructure Limited Approves the Appointment of Sumit Goel as Company Secretary & Compliance Officer Schneider Electric Infrastructure Limited informed that, based on the recommendation of Nomination and Remuneration Committee, Board of Directors of the Company at their meeting held on August 29, 2024, considered and approved, appointment of Mr. Sumit Goel (Membership No. FCS 6661) as Company Secretary and Compliance Officer (designated as Key Managerial Personnel) of the Company with immediate effect. Mr. Sumit Goel is a Member of the Institute of Company Secretaries of India and a Commerce and Law Graduate from Delhi University. Mr. Goel has comprehensive and extensive experience of 22 years in secretarial and compliance management across organization like Fortis, Vipul, Unitech and Omaxe. Mr. Goel has been associated with Schneider since April 2022 and was a designated Company Secretary of one of the sister concerns of the Company, viz. Schneider Electric India Private Limited since June 2022. Prior to joining Schneider, he was associated with Fortis Healthcare Limited. Announcement • Aug 12
Schneider Electric Infrastructure Limited, Annual General Meeting, Sep 03, 2024 Schneider Electric Infrastructure Limited, Annual General Meeting, Sep 03, 2024, at 15:30 Indian Standard Time. Reported Earnings • Aug 06
First quarter 2025 earnings released: EPS: ₹2.03 (vs ₹1.46 in 1Q 2024) First quarter 2025 results: EPS: ₹2.03 (up from ₹1.46 in 1Q 2024). Revenue: ₹5.93b (up 20% from 1Q 2024). Net income: ₹484.8m (up 39% from 1Q 2024). Profit margin: 8.2% (up from 7.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 29
Schneider Electric Infrastructure Limited to Report Q1, 2025 Results on Aug 05, 2024 Schneider Electric Infrastructure Limited announced that they will report Q1, 2025 results on Aug 05, 2024 Announcement • Jun 13
Schneider Electric Infrastructure Limited Announces Resignation of Bhumika Sood as Company Secretary & Compliance Officer Schneider Electric Infrastructure Limited announced that the resignation of Ms. Bhumika Sood from the position of the Company Secretary & Compliance Officer, is effective from the close of business hours of June 10, 2024. Ms. Sood will not be associated with the Company with effect from June 11, 2024. Consequently, Bhumika will also be stepping down as the Key Managerial Personnel and Nodal Officer of the Company and the Secretary of all the Board Committees. Valuation Update With 7 Day Price Move • May 30
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₹709, the stock trades at a trailing P/E ratio of 79.4x. Average trailing P/E is 47x in the Electrical industry in India. Total returns to shareholders of 476% over the past three years. New Risk • May 29
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 7.8% 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 High level of debt (207% net debt to equity). Share price has been volatile over the past 3 months (7.8% average weekly change). Announcement • May 24
Schneider Electric Infrastructure Limited Approves Change in Designation of Amol Phatak from Whole-Time Director to Non-Executive Non-Independent Director, Effective June 10, 2024 The Board of Directors of Schneider Electric Infrastructure Limited at their meeting held May 23, 2024, considered and approved Change in designation of Mr. Amol Phatak from Whole-Time Director to Non-Executive Non-Independent Director with effect from June 10, 2024, upon recommendation of the Nomination & Remuneration Committee at its meeting held earlier during the day. Mr. Amol Phatak has total 36 years of diverse experience in handling domestic and international assignments in Business Strategy & industrial transformation, Supply Chain and Operations Management. Mr. Phatak is Bachelor of Engineering (Production) from Mumbai University. He has also completed Management Training from Indian Institute of Management, Bangalore. Announcement • May 18
Schneider Electric Infrastructure Limited to Report Q4, 2024 Results on May 23, 2024 Schneider Electric Infrastructure Limited announced that they will report Q4, 2024 results on May 23, 2024 Announcement • Mar 28
Schneider Electric Infrastructure Limited Announces Resignation of Ms. Bhumika Sood as the Company Secretary and Compliance Officer (Key Managerial Personnel) Schneider Electric Infrastructure Limited informed that Ms. Bhumika Sood, the Company Secretary and Compliance Officer (Key Managerial Personnel) of the company has tendered her resignation from this position to pursue her career outside the organization. The Management has accepted her resignation effective March 28, 2024. The last working day of Ms. Sood and her resignation letter shall be informed to your office in due course, until then Ms. Sood will continue to discharge her duties as the Company Secretary and the Compliance Officer of the company. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹683, the stock trades at a trailing P/E ratio of 76.4x. Average trailing P/E is 34x in the Electrical industry in India. Total returns to shareholders of 623% over the past three years. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹693, the stock trades at a trailing P/E ratio of 77.5x. Average trailing P/E is 39x in the Electrical industry in India. Total returns to shareholders of 547% over the past three years. Announcement • Feb 08
Schneider Electric Infrastructure Limited Announces Appointment of Senior Management Personnel Schneider Electric Infrastructure Limited announced the appointment of Mr. Saibal Choudhury - Director Commercial End to End, Mr. PP Sreekanth Director Sales, Mr. Abhishek Bundelkhandi Plant Director TBI, Mr. Ashutosh Shukla - Director-Mobility Segment. Mr. Saibal Choudhury has 32 years of experience in Cross functional and Cross cultural (India and International) Medium /Low Voltage consultative selling. He is skilled in Commercial Strategy implementation, Sales /Marketing /Project Management and Engineering and market identification and Rapport building with customers/consultants for value selling. Mr. Choudhury holds a bachelor' degree in Electrical from VJTI Mumbai University and done Marketing Executive Program from IIM Bangalore. He has done Dale Carnegie Certification course. Mr. PP Sreekanth has 30+ years of experience with proven track record in leading cross functional sales teams in Energy & Infrastructure sector working across all the electro intensive segments like Power & Grid, Transportation, Mines & Metal, Oil & Gas etc. He has been Instrumental in building strong partner base for Medium Voltage Switchgear & protection relays business in India and in delivering ambitious growth through innovation and alignment with organisational goals and change management. He holds a bachelor' degree in electrical engineering from Kerela University and has undertaken Fast Track Management from IIM, Bangalore. Mr. Abhishek Budelkhandi holds 17 years of work experience in profiles of Plant Management (End to End), Back Office Tendering, End to End Project Management, Production Systems and Quality Assurance. He started his career as a Graduate Engineer Trainee with erstwhile AREVA T&D in 2006 as a Quality Engineer. During his association, he lead successful execution of projects from quality assurance domain for customers like Powergrid, State Utilities, NTPC & BHEL including complete documentation and requisite plant approvals. He holds a bachelor' degree in Mechanical Engineering from Bhilai Institute of Technology and has done Fast Track Business Management MDI Gurgaon. Mr. Ashutosh Shukla has 30 years of work experience across industries. He has handled many assignments including Channel management, Projects and Equipment business and Segment management. In his current role as Director- Transportation and Mobility, he is entrusted with the job of partnering India's infrastructure growth story. Mr. Shukla is a graduate in Electrical Engineering from KNIT. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹552, the stock trades at a trailing P/E ratio of 79.4x. Average trailing P/E is 40x in the Electrical industry in India. Total returns to shareholders of 431% over the past three years. Announcement • Feb 01
Schneider Electric Infrastructure Limited to Report Q3, 2024 Results on Feb 08, 2024 Schneider Electric Infrastructure Limited announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: ₹1.79 (vs ₹0.37 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.79 (up from ₹0.37 in 2Q 2023). Revenue: ₹4.96b (up 18% from 2Q 2023). Net income: ₹428.6m (up 390% from 2Q 2023). Profit margin: 8.6% (up from 2.1% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 69% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
Schneider Electric Infrastructure Limited to Report Q2, 2024 Results on Nov 07, 2023 Schneider Electric Infrastructure Limited announced that they will report Q2, 2024 results on Nov 07, 2023 Board Change • Oct 18
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Non-Independent Non-Executive Director Deepak Sharma was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Aug 26
Schneider Electric Infrastructure Limited Announces Resignation of Arnab Roy, Non-Executive Director Schneider Electric Infrastructure Limited announced that Mr. Arnab Roy, non-executive director has tendered his resignation on August 25, 2023, to pursue his career outside the organization. Announcement • Aug 20
Schneider Electric Infrastructure Limited, Annual General Meeting, Sep 14, 2023 Schneider Electric Infrastructure Limited, Annual General Meeting, Sep 14, 2023, at 15:30 Indian Standard Time. New Risk • Aug 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Large one-off items impacting financial results. Announcement • Aug 10
Schneider Electric Infrastructure Limited Appoints Suparna Banerjee Bhattacharyya as Chief Financial Officer Schneider Electric Infrastructure Limited announced that at its board meeting held on August 9, 2023, approved the appointment of Ms. Suparna Banerjee Bhattacharyya as Chief Financial Officer and Key Managerial Personnel of the Company with effect from August 9, 2023. Ms. Suparna Banerjee Bhattacharyya is a professional with 25 years of experience with exposure into managing India and the SAARC regions. Before joining Schneider Electric, she was associated with Horiba India Private Limited as the CFO & Head of Operations, managing a business size of INR 600 Crore. Ms. Bhattacharyya has previously worked with organizations like Gap International Sourcing India Pvt Ltd, Schlumberger, Bata India etc. She has elaborate experience in managing annual budgeting, managing statutory audits, compliances, business partnering, treasury, and FP&A domains etc. Ms. Bhattacharyya holds Graduate, Post Graduate Diplomas in Financial Management, CMA and is also trained through executive education programs of XLRI Jamshedpur, ISB Hyderabad etc. She is also a member of Corporate Governance and Legal Committee at FICCI and IMA CFO Forum. Announcement • Aug 03
Schneider Electric Infrastructure Limited to Report Q1, 2024 Results on Aug 09, 2023 Schneider Electric Infrastructure Limited announced that they will report Q1, 2024 results on Aug 09, 2023 Announcement • Jun 30
Schneider Electric Infrastructure Limited Announces Resignation of Mayank Holani as the Chief Financial Officer, Effective July 13, 2023 Schneider Electric Infrastructure Limited announced that the resignation of Mr. Mayank Holani as the Chief Financial Officer, it may be noted that he shall now be relieved from the services of the Company with effect from the closure of business hours on July 13, 2023 instead of July 19, 2023 as previously intimated. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹224, the stock trades at a trailing P/E ratio of 68x. Average trailing P/E is 24x in the Electrical industry in India. Total returns to shareholders of 175% over the past three years. Announcement • May 17
Schneider Electric Infrastructure Limited to Report Q4, 2023 Results on May 23, 2023 Schneider Electric Infrastructure Limited announced that they will report Q4, 2023 results on May 23, 2023 Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹1.82 (vs ₹2.19 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.82 (down from ₹2.19 in 3Q 2022). Revenue: ₹5.77b (down 3.9% from 3Q 2022). Net income: ₹435.2m (down 17% from 3Q 2022). Profit margin: 7.5% (down from 8.7% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Feb 04
Schneider Electric Infrastructure Limited to Report Q3, 2023 Results on Feb 13, 2023 Schneider Electric Infrastructure Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 18% share price gain to ₹165, the stock trades at a trailing P/E ratio of 45x. Average trailing P/E is 22x in the Electrical industry in India. Total returns to shareholders of 142% over the past three years. Board Change • Nov 16
High number of new directors Additional Non-Executive Independent Director Pravin Purang was the last director to join the board, commencing their role in 2022. Reported Earnings • Nov 07
Second quarter 2023 earnings released: EPS: ₹0.37 (vs ₹0.37 loss in 2Q 2022) Second quarter 2023 results: EPS: ₹0.37 (up from ₹0.37 loss in 2Q 2022). Revenue: ₹4.21b (up 40% from 2Q 2022). Net income: ₹87.4m (up ₹174.8m from 2Q 2022). Profit margin: 2.1% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improved over the past week After last week's 21% share price gain to ₹178, the stock trades at a trailing P/E ratio of 56.8x. Average trailing P/E is 22x in the Electrical industry in India. Total returns to shareholders of 122% over the past three years. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 17% share price gain to ₹145, the stock trades at a trailing P/E ratio of 46.4x. Average trailing P/E is 22x in the Electrical industry in India. Total returns to shareholders of 94% over the past three years. Reported Earnings • Aug 03
First quarter 2023 earnings released: EPS: ₹1.11 (vs ₹0.67 loss in 1Q 2022) First quarter 2023 results: EPS: ₹1.11 (up from ₹0.67 loss in 1Q 2022). Revenue: ₹3.72b (up 29% from 1Q 2022). Net income: ₹265.3m (up ₹426.1m from 1Q 2022). Profit margin: 7.1% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Board Change • May 25
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Non-Executive Independent Director Pravin Purang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • May 23
Full year 2022 earnings released: EPS: ₹1.16 (vs ₹0.042 loss in FY 2021) Full year 2022 results: EPS: ₹1.16 (up from ₹0.042 loss in FY 2021). Revenue: ₹15.3b (up 18% from FY 2021). Net income: ₹276.2m (up ₹286.3m from FY 2021). Profit margin: 1.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹2.19 (up from ₹1.39 in 3Q 2021). Revenue: ₹6.00b (up 27% from 3Q 2021). Net income: ₹523.8m (up 57% from 3Q 2021). Profit margin: 8.7% (up from 7.1% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹2.19 (up from ₹1.39 in 3Q 2021). Revenue: ₹6.00b (up 27% from 3Q 2021). Net income: ₹523.8m (up 57% from 3Q 2021). Profit margin: 8.7% (up from 7.1% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Second quarter 2022 earnings released: ₹0.37 loss per share (vs ₹0.26 profit in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: ₹3.05b (down 17% from 2Q 2021). Net loss: ₹87.4m (down 240% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
First quarter 2022 earnings released: ₹0.67 loss per share (vs ₹1.23 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: ₹2.90b (up 39% from 1Q 2021). Net loss: ₹160.8m (loss narrowed 45% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 27
Full year 2021 earnings released: ₹0.04 loss per share (vs ₹1.24 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: ₹13.0b (down 6.3% from FY 2020). Net loss: ₹10.1m (loss narrowed 97% from FY 2020). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. 
