Announcement • Aug 04
Shanti Educational Initiatives Limited to Report Q1, 2027 Results on Aug 11, 2026 Shanti Educational Initiatives Limited announced that they will report Q1, 2027 results on Aug 11, 2026 Reported Earnings • May 23
Full year 2026 earnings released: EPS: ₹0.37 (vs ₹0.44 in FY 2025) Full year 2026 results: EPS: ₹0.37 (down from ₹0.44 in FY 2025). Revenue: ₹594.3m (flat on FY 2025). Net income: ₹58.9m (down 17% from FY 2025). Profit margin: 9.9% (down from 12% in FY 2025). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
Shanti Educational Initiatives Limited to Report Q4, 2026 Results on May 21, 2026 Shanti Educational Initiatives Limited announced that they will report Q4, 2026 results on May 21, 2026 New Risk • Mar 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 9.6% 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 Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (8.7% net profit margin). Significant insider selling over the past 3 months (₹594m sold). Recent Insider Transactions • Feb 26
Insider recently sold ₹136m worth of stock On the 24th of February, Ronak Brijmohan Agarwal sold around 762k shares on-market at roughly ₹178 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹226m. Insiders have been net sellers, collectively disposing of ₹1.6b more than they bought in the last 12 months. Reported Earnings • Feb 11
Third quarter 2026 earnings released: ₹0.04 loss per share (vs ₹0.12 profit in 3Q 2025) Third quarter 2026 results: ₹0.04 loss per share (down from ₹0.12 profit in 3Q 2025). Revenue: ₹60.9m (down 70% from 3Q 2025). Net loss: ₹6.14m (down 132% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 16% 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 • Feb 02
Shanti Educational Initiatives Limited to Report Q3, 2026 Results on Feb 10, 2026 Shanti Educational Initiatives Limited announced that they will report Q3, 2026 results on Feb 10, 2026 Recent Insider Transactions • Jan 02
Insider recently sold ₹226m worth of stock On the 31st of December, Jaiprakash Chiripal sold around 1m shares on-market at roughly ₹189 per share. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹1.4b more than they bought in the last 12 months. New Risk • Nov 19
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 8.3% 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: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Significant insider selling over the past 3 months (₹743m sold). Recent Insider Transactions • Oct 31
Insider recently sold ₹88m worth of stock On the 28th of October, Vineeta Chiripal sold around 798k shares on-market at roughly ₹110 per share. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. 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 • Oct 19
Second quarter 2026 earnings released: EPS: ₹0.16 (vs ₹0.16 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.16 (in line with 2Q 2025). Revenue: ₹135.6m (up 39% from 2Q 2025). Net income: ₹26.2m (up 4.7% from 2Q 2025). Profit margin: 19% (down from 26% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Oct 09
Shanti Educational Initiatives Limited to Report Q2, 2026 Results on Oct 17, 2025 Shanti Educational Initiatives Limited announced that they will report Q2, 2026 results on Oct 17, 2025 Announcement • Aug 26
Shanti Educational Initiatives Limited, Annual General Meeting, Sep 19, 2025 Shanti Educational Initiatives Limited, Annual General Meeting, Sep 19, 2025, at 15:30 Indian Standard Time. Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: ₹0.18 (vs ₹0.19 in 1Q 2025) First quarter 2026 results: EPS: ₹0.18 (down from ₹0.19 in 1Q 2025). Revenue: ₹152.7m (up 55% from 1Q 2025). Net income: ₹29.0m (down 5.9% from 1Q 2025). Profit margin: 19% (down from 31% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Aug 02
Shanti Educational Initiatives Limited to Report Q1, 2026 Results on Aug 07, 2025 Shanti Educational Initiatives Limited announced that they will report Q1, 2026 results on Aug 07, 2025 New Risk • Jul 28
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 8.2% 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 (8.2% average weekly change). High level of non-cash earnings (21% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (12% net profit margin). Reported Earnings • May 23
Full year 2025 earnings released: EPS: ₹0.44 (vs ₹0.23 in FY 2024) Full year 2025 results: EPS: ₹0.44 (up from ₹0.23 in FY 2024). Revenue: ₹631.8m (up 232% from FY 2024). Net income: ₹70.6m (up 94% from FY 2024). Profit margin: 11% (down from 19% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Shanti Educational Initiatives Limited to Report Q4, 2025 Results on May 21, 2025 Shanti Educational Initiatives Limited announced that they will report Q4, 2025 results at 3:30 PM, Indian Standard Time on May 21, 2025 New Risk • Mar 07
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 9.6% 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 Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (15% net profit margin). Revenue is less than US$5m (₹430m revenue, or US$5.0m). Reported Earnings • Feb 06
Third quarter 2025 earnings released: EPS: ₹0.12 (vs ₹0.01 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.12 (up from ₹0.01 in 3Q 2024). Revenue: ₹209.5m (up ₹177.6m from 3Q 2024). Net income: ₹19.5m (up ₹17.8m from 3Q 2024). Profit margin: 9.3% (up from 5.3% in 3Q 2024). The increase in margin was driven by higher revenue. 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 48% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 29
Shanti Educational Initiatives Limited to Report Q3, 2025 Results on Feb 05, 2025 Shanti Educational Initiatives Limited announced that they will report Q3, 2025 results on Feb 05, 2025 Announcement • Nov 09
Shanti Educational Initiatives Limited to Report Q2, 2025 Results on Nov 14, 2024 Shanti Educational Initiatives Limited announced that they will report Q2, 2025 results on Nov 14, 2024 New Risk • Aug 12
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: 18% Last year net profit margin: 35% 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (18% net profit margin). Revenue is less than US$5m (₹204m revenue, or US$2.4m). Announcement • Aug 09
Shanti Educational Initiatives Limited, Annual General Meeting, Aug 29, 2024 Shanti Educational Initiatives Limited, Annual General Meeting, Aug 29, 2024, at 15:00 Indian Standard Time. Announcement • Jul 18
Shanti Educational Initiatives Limited to Report Q1, 2025 Results on Jul 26, 2024 Shanti Educational Initiatives Limited announced that they will report Q1, 2025 results on Jul 26, 2024 Announcement • Jun 13
Shanti Educational Initiatives Limited Announces Resignation Sejal Agrawal as Independent Director Shanti Educational Initiatives Limited informed about the following changes in composition of the Board of Directors of the Company: Mr. Sejal Agrawal has tendered his resignation as an Independent Director of the Company, with effect from close of business hours on May 30, 2024 citing pre-occupation and other personal commitments. Consequently, he also ceases to be member of the Audit Committee, Nomination and Remuneration Committee,Stakeholder Relationship Committee and Risk Management Committee of the Company. The Letter of resignation is enclosed herewith. 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 Share price has been volatile over the past 3 months (7.8% average weekly change). Revenue is less than US$5m (₹199m revenue, or US$2.4m). Announcement • May 25
Shanti Educational Initiatives Limited to Report Q4, 2024 Results on May 30, 2024 Shanti Educational Initiatives Limited announced that they will report Q4, 2024 results on May 30, 2024 Announcement • May 15
Shanti Educational Initiatives Limited Appoints Pooja Khakhi as Company Secretary and Compliance Officer Shanti Educational Initiatives Limited approved the appointment of Ms. Pooja Khakhi, Associate Member of Institute of Company Secretaries of India (ICSI) (Membership No. 36184) as a Company Secretary and Compliance Officer of the Company also designated as Key Managerial Personnel of the Company in terms of Section 203 of the Companies Act, 2013 and rules made there under read with Regulation 6 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with effect from May 14, 2024. Ms . Pooja Khak hi is a qualified Company Secretary and is an associate member of Institute of Company Secretaries of Indi a (ICSI). She also holds a bachelor' s degree in commerc e and law. She has over 10 years of experience in deal in g with Secretarial Compliances of Listed and Unlisted Companies. Announcement • Feb 28
An undisclosed buyer agreed to acquire Shanti Leaming Foundation from Shanti Educational Initiatives Limited (BSE:539921) An undisclosed buyer agreed to acquire Shanti Leaming Foundation from Shanti Educational Initiatives Limited (BSE:539921) on February 27, 2024. Announcement • Feb 21
Shanti Educational Initiatives Limited Announces Resignation of Kunjal Soni as Company Secretary & Compliance Officer Shanti Educational Initiatives Limited announced that Mr. Kunjal Soni has tendered his resignation from the post of Company Secretary and Compliance Officer of the company, effective 21 February, 2024. The resignation has been accepted and he is relieved from his services from the closing hours of 21 February, 2024. he has also confirmed that there is no other material reason other than mentioned in her resignation letter which is enclosed. Mr. Jayesh Patel Chief Financial Officer of the company will to occupy the office of Compliance Officer of Shanti Educational Initiatives Limited. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹0.01 (vs ₹0.02 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹0.01 (up from ₹0.02 loss in 3Q 2023). Revenue: ₹40.4m (up 349% from 3Q 2023). Net income: ₹1.69m (up ₹5.49m from 3Q 2023). Profit margin: 4.2% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 06
Shanti Educational Initiatives Limited to Report Q3, 2024 Results on Feb 12, 2024 Shanti Educational Initiatives Limited announced that they will report Q3, 2024 results on Feb 12, 2024 New Risk • Nov 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 41% 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 Risk High level of non-cash earnings (41% accrual ratio). Minor Risk Revenue is less than US$5m (₹195m revenue, or US$2.3m). Announcement • Oct 31
Shanti Educational Initiatives Limited to Report Q2, 2024 Results on Nov 06, 2023 Shanti Educational Initiatives Limited announced that they will report Q2, 2024 results on Nov 06, 2023 Board Change • Sep 14
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Whole Time Director & Chairperson Darshan Vayeda is the most experienced director on the board, commencing their role in 2017. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 12
Full year 2023 earnings released: EPS: ₹0.21 (vs ₹0.05 in FY 2022) Full year 2023 results: EPS: ₹0.21 (up from ₹0.05 in FY 2022). Revenue: ₹109.9m (up 179% from FY 2022). Net income: ₹33.7m (up 321% from FY 2022). Profit margin: 31% (up from 20% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 09
Shanti Educational Initiatives Limited Announces Resignation of Yogesh Natvarlal Thaker as Independent Director Shanti Educational Initiatives Limited informed that Mr. Yogesh Natvarlal Thaker, an Independent Director of the Company, has resigned due to his Pre-Occupation and Health Issue, effective from close of business hours of September 08, 2023. The Company has accepted his resignation and relieved him from his responsibilities with effect from close of working hours of September 08, 2023. Announcement • Aug 03
Shanti Educational Initiatives Limited to Report Q1, 2024 Results on Aug 08, 2023 Shanti Educational Initiatives Limited announced that they will report Q1, 2024 results on Aug 08, 2023 Announcement • Jul 14
Shanti Educational Initiatives Limited Announces Executive Changes Shanti Educational Initiatives Limited inform that Harshna Saxena has tendered her resignation from the post of Company Secretary and Compliance Officer of Shanti Educational Initiatives Limited effective close of working hours on Thursday, 13 July, 2023. Recent Insider Transactions • Feb 21
Insider recently bought ₹8.0m worth of stock On the 15th of February, Vineeta Chiripal bought around 145k shares on-market at roughly ₹55.49 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Jan 26
Shanti Educational Initiatives Limited to Report Q3, 2023 Results on Feb 01, 2023 Shanti Educational Initiatives Limited announced that they will report Q3, 2023 results at 12:15 PM, Indian Standard Time on Feb 01, 2023 Board Change • Nov 16
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. Whole Time Director & Chairperson Darshan Vayeda is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Nov 11
Shanti Educational Initiatives Limited Announces Resignation of Ronak Chiripal as Non-Executive Non Independent Director of the Company Shanti Educational Initiatives Limited informed that Mr. Ronak Chiripal (DIN: 05002292), Non-Executive Non Independent Director of the Company, has resigned due to his personal reasons in the meeting held on November 11 2022. The Board of Directors of the Company appreciates his valuable contribution and support made during his tenure as Non-Executive Non Independent Director of the Company. Date of cessation is November 11, 2022. Announcement • Nov 05
Shanti Educational Initiatives Limited to Report Q2, 2023 Results on Nov 11, 2022 Shanti Educational Initiatives Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Mohit Gulati was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Mohit Gulati was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 08
Shanti Educational Initiatives Limited, Annual General Meeting, Sep 30, 2022 Shanti Educational Initiatives Limited, Annual General Meeting, Sep 30, 2022, at 13:00 Indian Standard Time. Location: Shanti Corporate House, Near Hira Rupa Hall, Opp. Landmark Hotel, Bopal-Ambli Road, Bopal Ahmedabad India Agenda: To receive, consider and adopt the Audited Balance Sheet and Statement of Profit and Loss Account for the year ended on 31st March, 2022 and the Reports of the Board of Directors and Auditors thereon; to appoint a Director in place of Mrs. Komal Bajaj (DIN: 08445062), who retires by rotation and being eligible, offers herself for re-appointment as a Director; to regularize Independent Directors; and to appoint directors. Announcement • Sep 07
Shanti Educational Initiatives Limited Appoints Mohit Gulati as Non-Executive - Independent Director Shanti Educational Initiatives Limited at its board meeting held on September 7, 2022, approved the appointment of Mr. Mohit Gulati as a Non-Executive - Independent Director of the company. Mohit Gulati is the CIO & Managing Partner of the $25 million ITI Growth Opportunities Fund. He's a passionate engineer from Pune University and has a: PGDM in Finance from IIT Bombay. Mohit has 11+ yrs of active experience within the Fund Management space. In his individual capacity, Mohit has led first-round deals across ECOM Express, Grab,in, LocalBanya, WigzoTech, HumourMe, and two dozen early-stage ventures. Within the ITI Group of 21 businesses, the technology fund under Mohit specializes in investments in Health Tech, New Age FMCG Brands, SaaS, IoT, and New Age mobility/Logistics. Reported Earnings • Aug 10
First quarter 2023 earnings released First quarter 2023 results: Revenue: ₹45.9m (up 323% from 1Q 2022). Net income: ₹13.3m (up ₹14.5m from 1Q 2022). Profit margin: 29% (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 81% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 02
Shanti Educational Initiatives Limited Appoints Sejal Agrawal as Additional Director Shanti Educational Initiatives Limited approved the recommendation of Nomination and Remuneration Committee and hereby appointed Mrs. Sejal Agrawal or (Non-Executive & Independent Woman Director) of the Company. Mrs. Sejal Agrawal will be a Non-Executive, Independent Woman Director and she is not related to the Promoter or Promoter Group and fulfills the criteria of independence as required under the provisions of the Companies Act, 2013 thereunder and the Rules framed and the Listing Regulations. Qualification is Masters in Commerce from VNSGU Chartered Accountant Company Secretary. Announcement • Jun 08
Shanti Educational Initiatives Limited Announces Resignation of Samir Mariankari Gopalan, Director Shanti Educational Initiatives Limited informed that Mr. Samir Mariankari Gopalan, an Independent Director of the Company, has resigned due to his personal reason effective from close of business hours of 06 June, 2022. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹0.50 (vs ₹1.32 in FY 2021) Full year 2022 results: EPS: ₹0.50 (down from ₹1.32 in FY 2021). Revenue: ₹74.8m (up 148% from FY 2021). Net income: ₹7.99m (down 63% from FY 2021). Profit margin: 11% (down from 71% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 28
Shanti Educational Initiatives Limited Appoints Harshna Saxena as Company Secretary & Compliance Officer Shanti Educational Initiatives Limited at their Meeting held on May 27, 2022 and on the basis of recommendation made by Nomination & Remuneration Committee of Company has approved the appointment of Harshna Saxena, Associate Member of Institute of Company Secretaries of India as Company Secretary & Compliance Officer of the Company also designated as Key Managerial Personnel of the Company. Announcement • May 21
Shanti Educational Initiatives Limited to Report Q4, 2022 Results on May 27, 2022 Shanti Educational Initiatives Limited announced that they will report Q4, 2022 results on May 27, 2022 Announcement • Feb 04
Shanti Educational Initiatives Limited Announces Resignation of Mohini Singhal as Company Secretary & Compliance Officer of the Company Shanti Educational Initiatives Limited announced that Mohini Singhal has tendered her resignation from the post of Company Secretary & Compliance Officer of the company with effect from close of working hours of February 03, 2022 due to her personal reasons. The company has accepted her resignation and relieved her from her responsibilities with effect from close of working hours of February 03, 2022. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 15% share price gain to ₹98.50, the stock trades at a trailing P/E ratio of 75.8x. Average trailing P/E is 42x in the Consumer Services industry in India. Total loss to shareholders of 30% over the past three years. Reported Earnings • Oct 28
Second quarter 2022 earnings released: EPS ₹0.11 (vs ₹0.40 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹14.4m (down 26% from 2Q 2021). Net income: ₹1.84m (down 71% from 2Q 2021). Profit margin: 13% (down from 33% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹1.32 (vs ₹0.041 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹59.4m (down 52% from FY 2020). Net income: ₹21.3m (up ₹20.6m from FY 2020). Profit margin: 36% (up from 0.5% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Executive Departure • Mar 09
Independent Director has left the company On the 24th of February, Chitranjan Singh's tenure as Independent Director ended after 5.5 years in the role. We don't have any record of a personal shareholding under Chitranjan's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Feb 15
Third quarter 2021 earnings released: ₹0.01 loss per share (vs ₹0.66 loss in 3Q 2020) Third quarter 2021 results: Net loss: ₹11.9m (loss widened 13% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Announcement • Jan 31
Shanti Educational Initiatives Limited Announces Demise of Tarulata, Non-Executive Independent Director Shanti Educational Initiatives Limited informed the sudden demise of Dr. Tarulata, Non-Executive Independent Director of the Company, on 8 January 2021. Announcement • Dec 09
Shanti Educational Initiatives Limited, Annual General Meeting, Dec 30, 2020 Shanti Educational Initiatives Limited, Annual General Meeting, Dec 30, 2020, at 15:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Balance Sheet and Statement of Profit and Loss Account for the year ended on March 31, 2020 and the Reports of the Board of Directors and Auditors thereon; to appoint a Director in place of Mr. Darshan Vayeda, who retires by rotation and being eligible, offers himself for re-appointment as a Director; To regularize Mr. Samir Gopalan Mariankari as director of company; and to consider other matters. Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS ₹0.40 Second quarter 2021 results: Net income: ₹6.43m (up ₹14.4m from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 113% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. 
