Announcement • 1h
Zuari Industries Limited to Report Q4, 2026 Results on May 25, 2026 Zuari Industries Limited announced that they will report Q4, 2026 results on May 25, 2026 Reported Earnings • Feb 16
Third quarter 2026 earnings released: ₹8.69 loss per share (vs ₹8.31 loss in 3Q 2025) Third quarter 2026 results: ₹8.69 loss per share (further deteriorated from ₹8.31 loss in 3Q 2025). Revenue: ₹3.01b (up 28% from 3Q 2025). Net loss: ₹258.8m (loss widened 4.6% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Announcement • Feb 06
Zuari Industries Limited to Report Q3, 2026 Results on Feb 13, 2026 Zuari Industries Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Announcement • Jan 23
Zuari Industries Limited Announces Appointment of Sanjeev Lall as an Independent Director, Effective January 22, 2026 Zuari Industries Limited approved the appointment of Mr. Sanjeev Lall as an Independent Director of the Company. The appointment of Mr. Sanjeev Lall as an Independent Director of the Company for a term of five (5) consecutive years commencing from 13 November 2025 upto 12 November 2030 (both days inclusive). Mr. Sanjeev Lall holds a PGDBM (MBA) degree from XLRI, Jamshedpur. Mr. Sanjeev Lall is an Entrepreneurial strategic leader and proven organization builder spanning brand, reputation, customers & business, and talent & teams with a successful track record of more than 30 years in Investment Banking, Corporate /Mid-market /SME Banking and Consulting. His areas of expertise includes Commercial Banking, Credit Risk, Profit & Loss Management, Business Leadership, Strategic Planning, Restructuring and developing a lending Fintech. He has worked in various positions during his tenure of more than 12 years in DBS Bank, Mumbai including Managing Director & Head Institutional Banking Group and Branches - India. Prior to DBS Bank he held various positions among others in Credit Lyonnais and G.E. Capital Services India. New Risk • Jan 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.74b (US$97.0m) This is considered a minor 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: Minor Risks Paying a dividend despite being loss-making. Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (₹8.74b market cap, or US$97.0m). Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹55.34 (vs ₹4.84 loss in 2Q 2025) Second quarter 2026 results: EPS: ₹55.34 (up from ₹4.84 loss in 2Q 2025). Revenue: ₹2.86b (up 21% from 2Q 2025). Net income: ₹1.65b (up ₹1.79b from 2Q 2025). Profit margin: 57% (up from net loss in 2Q 2025). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Announcement • Nov 08
Zuari Industries Limited to Report Q2, 2026 Results on Nov 12, 2025 Zuari Industries Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Upcoming Dividend • Sep 12
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 17 September 2025. Payment date: 24 October 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.9%). Declared Dividend • Aug 29
Dividend of ₹1.00 announced Dividend of ₹1.00 is the same as last year. Ex-date: 17th September 2025 Payment date: 24th October 2025 Dividend yield will be 0.3%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. New Risk • Aug 20
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 8.0% 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 (8.0% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹0.02 (vs ₹11.20 loss in 1Q 2025) First quarter 2026 results: EPS: ₹0.02 (up from ₹11.20 loss in 1Q 2025). Revenue: ₹2.68b (up 19% from 1Q 2025). Net income: ₹520.0k (up ₹334.0m from 1Q 2025). Profit margin: 0% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Aug 09
Zuari Industries Limited to Report Q1, 2026 Results on Aug 12, 2025 Zuari Industries Limited announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • Jun 07
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (₹8.50b market cap, or US$99.1m). Reported Earnings • May 28
Full year 2025 earnings released: ₹31.30 loss per share (vs ₹240 profit in FY 2024) Full year 2025 results: ₹31.30 loss per share (down from ₹240 profit in FY 2024). Revenue: ₹10.8b (up 28% from FY 2024). Net loss: ₹932.2m (down 113% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 22% per year. Announcement • May 27
Zuari Industries Limited Recommends Final Dividend Zuari Industries Limited at its board meeting held on 27 May 2025 Recommended Final dividend on Equity Shares at the rate of 10% i.e., INR 1/- per Equity Shares of INR 10/- each. The final dividend on equity Shares is subject to the approval of the shareholders at the forthcoming Annual General Meeting of the Company. Announcement • Mar 23
Zuari Industries Limited Appoints Yadvinder Goyal as Company Secretary and Compliance Officer The board of directors of Zuari Industries Limited at its meeting held 22 March 2025, based on recommendation of the Nomination and Remuneration Committee, have appointed Mr. Yadvinder Goyal, a qualified Company Secretary having membership number - A14533 as Company Secretary and Compliance Officer of the Company with effect from 22 March 2025. Mr. Yadvinder Goyal is an Associate Member of the Institute of Company Secretaries of India (ICSI), with nearly 25 years of experience in Corporate Secretarial functions. He began his career with the Usha Group and has since held senior positions in several prominent listed organizations, including the DCM, DP Jindal Group, Competent, Escorts, Cosmo Group, Duncan-Goenka Group. Reported Earnings • Feb 14
Third quarter 2025 earnings released: ₹8.31 loss per share (vs ₹245 profit in 3Q 2024) Third quarter 2025 results: ₹8.31 loss per share (down from ₹245 profit in 3Q 2024). Revenue: ₹2.74b (up 137% from 3Q 2024). Net loss: ₹247.4m (down 103% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jan 25
Zuari Industries Limited Appoints Deepak Amitabh as an Independent Director Zuari Industries Limited informed that shareholders of the Company have given their approval by way of Special Resolution through Postal Ballot for appointment of Mr. Deepak Amitabh as an Independent Director of the Company for a term of five consecutive years commencing from 11 December 2024 upto 10 December 2029. Mr. Deepak Amitabh, aged around 64 years, belongs to 1984 Batch of Indian Revenue Service. He is having four decade of rich experience in leading complex businesses & financial management. He played an instrumental role in setting up Indian Power Market & also India's First Electricity Exchange. He served as the Chairman and Managing Director of Power Trading Corporation of India Limited (PTC), the largest listed power trading Company of the Country from 2012 to 2021. He was also the Chairman of PTC India Financial Services (PFS), infra NBFC and PTC Energy Ltd. (PEL), Renewable Energy Generation Company. He also served on Boards of India Energy Exchange (IEX) & Teesta Urja Ltd. (TUL) as nominee Director of PTC. He had also served as Jt./Addl. Commissioner of Income Tax and Financial Advisor in Ministry of Defense. He is also a member of SAGE (South Asia Group on Energy), promoted by RIS, Think tank of Ministry of External Affairs. Currently, he is working as Non-Executive Independent Director with Tourism Finance Corporation of India Ltd. and Aeries Financial Technologies Pvt. Ltd. He is also acting as Advisor Business Development in Adani Group. New Risk • Jan 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.55b (US$98.7m) This is considered a minor 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: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (₹8.55b market cap, or US$98.7m). Reported Earnings • Nov 13
Second quarter 2025 earnings released: ₹4.84 loss per share (vs ₹11.00 loss in 2Q 2024) Second quarter 2025 results: ₹4.84 loss per share (improved from ₹11.00 loss in 2Q 2024). Revenue: ₹2.77b (up 3.2% from 2Q 2024). Net loss: ₹144.2m (loss narrowed 56% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Declared Dividend • Sep 04
Dividend of ₹1.00 announced Dividend of ₹1.00 is the same as last year. Ex-date: 20th September 2024 Payment date: 27th October 2024 Dividend yield will be 0.3%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (0.4172% earnings payout ratio) and cash flows (5% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 75% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Sep 03
Zuari Industries Limited, Annual General Meeting, Sep 27, 2024 Zuari Industries Limited, Annual General Meeting, Sep 27, 2024, at 16:00 Indian Standard Time. Reported Earnings • Aug 11
First quarter 2025 earnings released: ₹11.20 loss per share (vs ₹16.20 loss in 1Q 2024) First quarter 2025 results: ₹11.20 loss per share (improved from ₹16.20 loss in 1Q 2024). Revenue: ₹2.42b (up 27% from 1Q 2024). Net loss: ₹333.5m (loss narrowed 31% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Announcement • Aug 02
Zuari Industries Limited to Report Q1, 2025 Results on Aug 10, 2024 Zuari Industries Limited announced that they will report Q1, 2025 results at 4:00 PM, Indian Standard Time on Aug 10, 2024 New Risk • Jun 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.01b (US$95.9m) This is considered a minor 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 Interest payments are not well covered by earnings (0.002x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹8.01b market cap, or US$95.9m). Announcement • May 30
Zuari Industries Limited Recommends Dividend for the Financial Year 2023-24 Zuari Industries Limited recommended equity shares- dividend at the rate of 10% that is INR 1 per Equity Shares of INR 10 each for the financial year 2023-24. Announcement • May 23
Zuari Industries Limited to Report Q4, 2024 Results on May 29, 2024 Zuari Industries Limited announced that they will report Q4, 2024 results on May 29, 2024 Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹245 (vs ₹1.26 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹245 (up from ₹1.26 loss in 3Q 2023). Revenue: ₹1.95b (down 23% from 3Q 2023). Net income: ₹7.28b (up ₹7.32b from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Announcement • Feb 03
Zuari Industries Limited to Report Q3, 2024 Results on Feb 13, 2024 Zuari Industries Limited announced that they will report Q3, 2024 results on Feb 13, 2024 New Risk • Jan 27
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 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.06x net interest cover). Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹236, the stock trades at a trailing P/E ratio of 42.1x. Average trailing P/E is 30x in the Food industry in India. Total returns to shareholders of 162% over the past three years. Reported Earnings • Nov 14
Second quarter 2024 earnings released: ₹11.00 loss per share (vs ₹14.92 loss in 2Q 2023) Second quarter 2024 results: ₹11.00 loss per share (improved from ₹14.92 loss in 2Q 2023). Revenue: ₹3.15b (up 69% from 2Q 2023). Net loss: ₹327.5m (loss narrowed 26% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Announcement • Nov 12
Zuari Industries Limited Announces Executive Changes Zuari Industries Limited has appointed Mr. Rakesh Kumar Singh a qualified Company Secretary having membership number - A16093 as Company Secretary & Compliance Officer and Key Managerial Personnel of the Company in place of Mr. Laxman Aggarwal, with effect from 11 November 2023. Mr. Rakesh Kumar Singh is a qualified Company Secretary and B.SC (Maths) Hons with over 21 years of rich experience in Secretarial and Legal functions for listed and unlisted companies across various Industries. He is highly skilled in supervising fund raising, corporate restructuring including Merger & Acquisition, Joint ventures, FCCBs etc. In the past he has worked with several reputed Companies including GMR Group, Reliance Industries Limited, Bharat Oman Refineries Limited, Hindustan Times Group and RPG Group. Announcement • Nov 04
Zuari Industries Limited to Report Q2, 2024 Results on Nov 10, 2023 Zuari Industries Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Announcement • Oct 01
Zuari Industries Limited Approves Final Dividend Zuari Industries Limited at its AGM held on 28 September 2023, approved Dividend @ 10% i.e., INR 1 per equity share of the face value of INR 10/- each on 2,97,81,184 equity shares fully paid up. Upcoming Dividend • Sep 14
Upcoming dividend of ₹1.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 21 September 2023. Payment date: 28 October 2023. Payout ratio is a comfortable 1.0% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.9%). Announcement • Sep 07
Zuari Industries Limited Proposes Final Dividend Zuari Industries Limited at its 55th AGM to be held on September 28, 2023 proposed to declare the final dividend @ 10% i.e., INR 1 per equity share of the face value of INR 10 each on 2,97,81,184 equity shares fully paid up. Announcement • Aug 30
Zuari Industries Limited, Annual General Meeting, Sep 28, 2023 Zuari Industries Limited, Annual General Meeting, Sep 28, 2023, at 15:00 Indian Standard Time. New Risk • Aug 17
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: 0.5% Last year net profit margin: 32% 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: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₹4.33b market cap, or US$52.1m). Reported Earnings • Aug 16
First quarter 2024 earnings released: ₹16.20 loss per share (vs ₹84.97 profit in 1Q 2023) First quarter 2024 results: ₹16.20 loss per share (down from ₹84.97 profit in 1Q 2023). Revenue: ₹2.73b (up 17% from 1Q 2023). Net loss: ₹482.6m (down 119% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 26
Full year 2023 earnings released: EPS: ₹103 (vs ₹11.95 loss in FY 2022) Full year 2023 results: EPS: ₹103 (up from ₹11.95 loss in FY 2022). Revenue: ₹11.4b (up 56% from FY 2022). Net income: ₹3.06b (up ₹3.42b from FY 2022). Profit margin: 27% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. 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 57% per year, which means it is significantly lagging earnings growth. Announcement • May 26
Zuari Industries Limited Recommends Final Dividend for the Financial Year 2022-23 Zuari Industries Limited announced that the Board of Directors of the Company at its meeting held on 25 May 2023, recommended Final Dividend at the rate of 10% i.e., INR 1 per Equity Share on 29,781,184 Equity Shares of the face value of INR 10 each. The aforementioned dividend is subject to approval of shareholders in the forthcoming Annual General Meeting of the Company. Buying Opportunity • Mar 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be ₹136, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Feb 14
Third quarter 2023 earnings released: ₹1.26 loss per share (vs ₹14.52 loss in 3Q 2022) Third quarter 2023 results: ₹1.26 loss per share (improved from ₹14.52 loss in 3Q 2022). Revenue: ₹2.81b (up 124% from 3Q 2022). Net loss: ₹37.4m (loss narrowed 91% from 3Q 2022). 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 38% per year, which means it is significantly lagging earnings growth. Announcement • Jan 21
Zuari Industries Limited to Report Q3, 2023 Results on Feb 13, 2023 Zuari Industries Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 18
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: ₹2.46b (up 47% from 2Q 2022). Net loss: ₹444.4m (down 295% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Suneet Kumar Maheshwari 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. Upcoming Dividend • Sep 13
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 20 September 2022. Payment date: 27 October 2022. Payout ratio is a comfortable 3.5% and this is well supported by cash flows. Trailing yield: 1.6%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (1.0%). Announcement • Sep 07
Zuari Industries Limited to Report Fiscal Year 2023 Results on May 30, 2023 Zuari Industries Limited announced that they will report fiscal year 2023 results on May 30, 2023 Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹84.97 (vs ₹9.16 loss in 1Q 2022) First quarter 2023 results: EPS: ₹84.97 (up from ₹9.16 loss in 1Q 2022). Revenue: ₹2.68b (up 55% from 1Q 2022). Net income: ₹2.53b (up ₹2.80b from 1Q 2022). Profit margin: 95% (up from net loss in 1Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Board Change • Aug 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Additional Independent Non-Executive Director Suneet Kumar Maheshwari 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. Reported Earnings • Jun 03
Full year 2022 earnings released: ₹11.95 loss per share (vs ₹31.59 loss in FY 2021) Full year 2022 results: ₹11.95 loss per share (up from ₹31.59 loss in FY 2021). Revenue: ₹7.22b (down 14% from FY 2021). Net loss: ₹358.3m (loss narrowed 62% from FY 2021). Over the last 3 years on average, earnings per share has increased by 41% 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 17
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: ₹14.52 loss per share (down from ₹6.17 loss in 3Q 2021). Revenue: ₹1.54b (down 8.0% from 3Q 2021). Net loss: ₹427.4m (loss widened 135% from 3Q 2021). Revenue missed analyst estimates by 78%. 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 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 06
Full year 2021 earnings released: ₹31.58 loss per share (vs ₹125 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: ₹8.34b (up 7.3% from FY 2020). Net loss: ₹929.9m (loss narrowed 75% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 17
Third quarter 2021 earnings released: ₹6.17 loss per share (vs ₹24.49 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: ₹2.18b (up 40% from 3Q 2020). Net loss: ₹181.7m (loss narrowed 75% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 28
New 90-day high: ₹64.15 The company is up 40% from its price of ₹45.85 on 29 September 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: ₹63.85 The company is up 27% from its price of ₹50.35 on 09 September 2020. The Indian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is up 19% over the same period. Is New 90 Day High Low • Sep 21
New 90-day low: ₹47.40 The company is down 20% from its price of ₹59.40 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 Industrials industry, which is up 9.0% over the same period.