Announcement • May 22
A2Z Infra Engineering Limited to Report Q4, 2026 Results on May 29, 2026 A2Z Infra Engineering Limited announced that they will report Q4, 2026 results on May 29, 2026 Announcement • Feb 03
A2Z Infra Engineering Limited to Report Q3, 2026 Results on Feb 11, 2026 A2Z Infra Engineering Limited announced that they will report Q3, 2026 results on Feb 11, 2026 Announcement • Nov 08
A2Z Infra Engineering Limited to Report Q2, 2026 Results on Nov 14, 2025 A2Z Infra Engineering Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 14, 2025 Announcement • Sep 03
A2Z Infra Engineering Limited, Annual General Meeting, Sep 29, 2025 A2Z Infra Engineering Limited, Annual General Meeting, Sep 29, 2025, at 12:00 Indian Standard Time. Announcement • May 22
A2Z Infra Engineering Limited to Report Q4, 2025 Results on May 28, 2025 A2Z Infra Engineering Limited announced that they will report Q4, 2025 results on May 28, 2025 Announcement • Feb 05
A2Z Infra Engineering Limited to Report Q3, 2025 Results on Feb 12, 2025 A2Z Infra Engineering Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Announcement • Nov 09
A2Z Infra Engineering Limited to Report Q2, 2025 Results on Nov 14, 2024 A2Z Infra Engineering Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Sep 05
A2Z Infra Engineering Limited, Annual General Meeting, Sep 28, 2024 A2Z Infra Engineering Limited, Annual General Meeting, Sep 28, 2024, at 12:00 Indian Standard Time. Announcement • Aug 08
A2Z Infra Engineering Limited to Report Q1, 2025 Results on Aug 14, 2024 A2Z Infra Engineering Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Announcement • May 05
A2Z Infra Engineering Limited to Report Q4, 2024 Results on May 15, 2024 A2Z Infra Engineering Limited announced that they will report Q4, 2024 results on May 15, 2024 Announcement • Apr 05
A2Z Infra Engineering Limited Announces Defaults of Payment of Interest/Repayment of Principal Amount on Loans from Banks/Financial Institutions A2Z Infra Engineering Limited announced disclosure for loans including revolving facilities like cash credit from banks financial institutions for the Quarter ended on March 31, 2024. Total financial indebtedness of the listed entity including short term and long-term debt of INR 1681.3 million. Indian Bank Ltd. (Erstwhile Allahabad Bank Ltd), Union Bank of hrdia, Axis Bank and Induslnd Bank Ltd. are the lenders with whom Company has defaulted payment of interest/repayment of Loans. Reported Earnings • Feb 16
Third quarter 2024 earnings released: ₹0.08 loss per share (vs ₹2.90 loss in 3Q 2023) Third quarter 2024 results: ₹0.08 loss per share (improved from ₹2.90 loss in 3Q 2023). Revenue: ₹944.5m (up 13% from 3Q 2023). Net loss: ₹14.6m (loss narrowed 97% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 08
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 7.4% 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 Earnings have declined by 37% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (₹1.85b market cap, or US$22.2m). Reported Earnings • Nov 07
Second quarter 2024 earnings released: ₹0.12 loss per share (vs ₹0.31 loss in 2Q 2023) Second quarter 2024 results: ₹0.12 loss per share (improved from ₹0.31 loss in 2Q 2023). Revenue: ₹1.09b (up 13% from 2Q 2023). Net loss: ₹21.5m (loss narrowed 60% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 19
A2Z Infra Engineering Limited Announces Resignation of Surender Kumar Tuteja as Non- Executive Independent Director A2Z Infra Engineering Limited announced that Mr. Surender Kumar Tuteja (DIN: 00594076), Non- Executive Independent Director has vide his letter dated August 18, 2023, resigned from the Board of Directors of the Company with immediate effect due to other preoccupation and commitments. Mr. Surender Kumar Tuleja has confirmed that there is no other material reason for his resignation as an Independent Director of the Company. Consequently, he shall also cease to be a Chairperson of the Company and member of the Audit Committee, Nomination & Remuneration Committee and Finance Committees. Date of Cessation is on August 18, 2023. Reported Earnings • Aug 12
First quarter 2024 earnings released: ₹0.05 loss per share (vs ₹0.16 loss in 1Q 2023) First quarter 2024 results: ₹0.05 loss per share (improved from ₹0.16 loss in 1Q 2023). Revenue: ₹959.9m (up 22% from 1Q 2023). Net loss: ₹8.75m (loss narrowed 69% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Aug 04
A2Z Infra Engineering Limited to Report Q1, 2024 Results on Aug 11, 2023 A2Z Infra Engineering Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Reported Earnings • May 20
Full year 2023 earnings released: ₹6.98 loss per share (vs ₹10.22 loss in FY 2022) Full year 2023 results: ₹6.98 loss per share (improved from ₹10.22 loss in FY 2022). Revenue: ₹3.82b (up 8.1% from FY 2022). Net loss: ₹1.23b (loss narrowed 32% from FY 2022). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • May 13
A2Z Infra Engineering Limited to Report Q4, 2023 Results on May 19, 2023 A2Z Infra Engineering Limited announced that they will report Q4, 2023 results on May 19, 2023 Buying Opportunity • May 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be ₹8.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Apr 21
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 36%. The fair value is estimated to be ₹8.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Mar 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 38%. The fair value is estimated to be ₹8.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years, while earnings per share has been flat. Reported Earnings • Feb 17
Third quarter 2023 earnings released: ₹2.90 loss per share (vs ₹0.099 loss in 3Q 2022) Third quarter 2023 results: ₹2.90 loss per share (further deteriorated from ₹0.099 loss in 3Q 2022). Revenue: ₹841.9m (up 4.3% from 3Q 2022). Net loss: ₹511.4m (loss widened ₹494.0m from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 04
A2Z Infra Engineering Limited to Report Q3, 2023 Results on Feb 14, 2023 A2Z Infra Engineering Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 18
Second quarter 2023 earnings released: ₹0.31 loss per share (vs ₹9.07 loss in 2Q 2022) Second quarter 2023 results: ₹0.31 loss per share (improved from ₹9.07 loss in 2Q 2022). Revenue: ₹977.5m (down 3.2% from 2Q 2022). Net loss: ₹54.2m (loss narrowed 97% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Nov 05
A2Z Infra Engineering Limited to Report Q2, 2023 Results on Nov 12, 2022 A2Z Infra Engineering Limited announced that they will report Q2, 2023 results on Nov 12, 2022 Announcement • Aug 27
A2Z Infra Engineering Limited, Annual General Meeting, Sep 19, 2022 A2Z Infra Engineering Limited, Annual General Meeting, Sep 19, 2022, at 12:30 Indian Standard Time. Agenda: To receive, consider and approve the Audited Standalone Financial Statements of the Company consisting of the Standalone Balance Sheet as at March 31, 2022, the Statement of Profit and Loss Account and the Cash Flow Statement for the year ended on that date along with the Reports of Board of Directors and the Auditors' thereon; to consider and approve the Audited Consolidated Financial Statements of the Company consisting of the Consolidated Balance Sheet as at March 31, 2022, the Statement of Profit and Loss Account and the Cash Flow Statement for the year ended on that date along with Auditors' Report thereon; to consider and approve the appointment of Director in place of Ms. Dipali Mittal (DIN:00872628), who is liable to retire by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers herself for re-appointment; and to discuss other matters. Announcement • Jul 20
A2Z Infra Engineering Limited Announces Change in Directorate A2Z Infra Engineering Limited that the board of directors on the recommendation of the Nomination and Remuneration Committee, through resolution by circulation on Tuesday, July 19, 2022 has considered and approved the following matters: appointment of Mr. Manoj Tiwari (DIN: 03597274) as an Additional Director (Non-Executive Non Independent Director) effective from July 20, 2022 till the next General Meeting of the Company or three months from date of appointment whichever is earlier. Board has accepted the resignation of Dr. Ashok Kumar Saini from the post of Non-Executive Non Independent Director of the Company with effect from effective from .as Annexure-II. Mr. Manoj Tiwari is a Mechanical Engineering graduate from IIT Roorkee. He holds a Diploma in Business Administration from IGNOU, New Delhi. He possesses over 33 years of rich experience in various fields of Electrical Distribution such as meter testing, transformer testing, and Energy audit, implementation of IT, AMR in- substation monitoring & Projects of loss reduction. Before joining A2Z Group, he worked with Uttar Pradesh Power Corporation Limited (UPPCL). Buying Opportunity • May 26
Now 21% undervalued Over the last 90 days, the stock is up 38%. The fair value is estimated to be ₹15.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 38% over the last 3 years. Meanwhile, the company became loss making. Announcement • May 19
A2Z Infra Engineering Limited Announces Chief Financial Officer Changes A2Z Infra Engineering Limited announced that on the recommendation of audit committee and nomination and remuneration committee at the meeting duly held on May 18, 2022, the board of directors has approved the appointment of Mr. Lalit Kumar as chief financial officer and key Managerial Personnel (KMP) of the Company w.e.f. May 18, 2022. As informed earlier, Mr. Rajiv Chaturvedi has resigned from the Company effective from the closing hours of March 31, 2022. The Board appreciates the tremendous work ethics and professionalism exhibited by him during his tenure of service with the Company. Mr. Lalit Kumar is a member of the Institute of Chartered Accountants of India (ICAI) with over 20 years rich experience. Prior to joining the Company, Mr. Lalit Kumar was associated with M/s DLF Power & Services Ltd., M/s Emaar MGI Land ltd, M/s DLF Commercial Developers Ltd. and M/s Sunbeam Auto Ltd., Hero Group Company. Buying Opportunity • May 04
Now 22% undervalued Over the last 90 days, the stock is up 6.0%. The fair value is estimated to be ₹15.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 38% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 10
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: ₹0.10 loss per share (up from ₹0.86 loss in 3Q 2021). Revenue: ₹2.81b (up 237% from 3Q 2021). Net income: ₹1.97b (up ₹2.12b from 3Q 2021). Profit margin: 70% (up from net loss in 3Q 2021). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 23
Full year 2021 earnings released: ₹4.61 loss per share (vs ₹15.73 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: ₹4.40b (down 37% from FY 2020). Net loss: ₹812.1m (loss narrowed 71% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 16
New 90-day low: ₹4.01 The company is down 18% from a price of ₹4.90 on 16 December 2020. Underperformed the Indian market, which is up 13% over the last 90 days. Lagged the Construction industry, which is up 22% over the same period. Reported Earnings • Feb 17
Third quarter 2021 earnings released: ₹0.86 loss per share (vs ₹0.85 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: ₹883.5m (down 38% from 3Q 2020). Net loss: ₹151.3m (loss widened 1.9% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 63% per year but the company’s share price has only fallen by 50% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 01
New 90-day high: ₹5.37 The company is up 33% from its price of ₹4.05 on 01 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 32% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: ₹5.12 The company is up 9.0% from its price of ₹4.68 on 08 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 19% over the same period. Recent Insider Transactions • Nov 29
Insider recently sold ₹3.6m worth of stock On the 26th of November, Shiv Gupta sold around 886k shares on-market at roughly ₹4.03 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Nov 12
Second quarter 2021 earnings released: ₹0.94 loss per share The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: ₹1.26b (down 46% from 2Q 2020). Net loss: ₹166.6m (loss narrowed 56% from 2Q 2020). Is New 90 Day High Low • Oct 12
New 90-day low: ₹3.96 The company is down 18% from its price of ₹4.82 on 14 July 2020. The Indian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 1.0% over the same period. Reported Earnings • Oct 01
First quarter earnings released Over the last 12 months the company has reported total losses of ₹3.59b, with earnings decreasing by ₹7.67b from the prior year. Total revenue was ₹5.84b over the last 12 months, down 35% from the prior year. Announcement • Sep 25
A2Z Infra Engineering Limited to Report Q1, 2021 Final Results on Sep 28, 2020 A2Z Infra Engineering Limited announced that they will report Q1, 2021 final results on Sep 28, 2020 Announcement • Jul 26
A2Z Infra Engineering Limited to Report Q4, 2020 Results on Jul 30, 2020 A2Z Infra Engineering Limited announced that they will report Q4, 2020 results on Jul 30, 2020 
