New Risk • May 25
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: 0.3% 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 20
Full year 2026 earnings released: ₹4.87 loss per share (vs ₹8.88 loss in FY 2025) Full year 2026 results: ₹4.87 loss per share (improved from ₹8.88 loss in FY 2025). Revenue: ₹3.94b (up ₹3.40b from FY 2025). Net loss: ₹223.9m (loss narrowed 45% from FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance. Announcement • May 11
63 moons technologies limited to Report Q4, 2026 Results on May 18, 2026 63 moons technologies limited announced that they will report Q4, 2026 results on May 18, 2026 Announcement • Feb 19
NTT DATA Group Corporation completed the acquisition of an additional minority stake in atom technologies Ltd. from 63 moons technologies limited (BSE:526881). NTT DATA Group Corporation entered into a Share Purchase Agreement to acquire an additional minority stake in atom technologies Ltd. from 63 moons technologies limited (BSE:526881) for $18.4 million on February 13, 2026. A cash consideration of $18.43 million will be paid by NTT DATA Group Corporation.
The expected completion of the transaction is February 20, 2026.
NTT DATA Group Corporation completed the acquisition of an additional minority stake in atom technologies Ltd. from 63 moons technologies limited (BSE:526881) on February 18, 2026. NTT Data Payment Services India Private Limited has ceased to be an associate of 63 moons technologies limited. Reported Earnings • Feb 11
Third quarter 2026 earnings released: ₹4.29 loss per share (vs ₹4.32 loss in 3Q 2025) Third quarter 2026 results: ₹4.29 loss per share (improved from ₹4.32 loss in 3Q 2025). Revenue: ₹677.8m (up 476% from 3Q 2025). Net loss: ₹197.5m (flat on 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. Announcement • Feb 03
63 moons technologies limited to Report Q3, 2026 Results on Feb 10, 2026 63 moons technologies limited announced that they will report Q3, 2026 results on Feb 10, 2026 New Risk • Dec 22
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 6.9% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 31
Second quarter 2026 earnings released: ₹6.13 loss per share (vs ₹4.10 loss in 2Q 2025) Second quarter 2026 results: ₹6.13 loss per share (further deteriorated from ₹4.10 loss in 2Q 2025). Revenue: ₹740.2m (up 93% from 2Q 2025). Net loss: ₹281.6m (loss widened 49% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 72% per year, which means it is well ahead of earnings. Announcement • Oct 18
63 moons technologies limited to Report Q2, 2026 Results on Oct 29, 2025 63 moons technologies limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Oct 29, 2025 Declared Dividend • Sep 03
Dividend reduced to ₹1.20 Dividend of ₹1.20 is 40% lower than last year. Ex-date: 17th September 2025 Payment date: 24th October 2025 Dividend yield will be 0.1%, which is lower than the industry average of 1.2%. 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 decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Aug 13
63 moons technologies limited, Annual General Meeting, Sep 24, 2025 63 moons technologies limited, Annual General Meeting, Sep 24, 2025. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹0.67 (vs ₹1.86 loss in 1Q 2025) First quarter 2026 results: EPS: ₹0.67 (up from ₹1.86 loss in 1Q 2025). Net income: ₹30.1m (up ₹116.0m from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 06
63 moons technologies limited to Report Q1, 2026 Results on Aug 12, 2025 63 moons technologies limited announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • Jun 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 21
Full year 2025 earnings released: ₹7.20 loss per share (vs ₹48.29 profit in FY 2024) Full year 2025 results: ₹7.20 loss per share (down from ₹48.29 profit in FY 2024). Revenue: ₹2.36b (down 50% from FY 2024). Net loss: ₹409.3m (down 118% from profit in FY 2024). 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 72% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 14
Third quarter 2025 earnings released: ₹4.32 loss per share (vs ₹20.12 profit in 3Q 2024) Third quarter 2025 results: ₹4.32 loss per share (down from ₹20.12 profit in 3Q 2024). Revenue: ₹117.8m (down 93% from 3Q 2024). Net loss: ₹199.1m (down 122% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹724, the stock trades at a trailing P/E ratio of 45.6x. Average trailing P/E is 37x in the Software industry in India. Total returns to shareholders of 181% over the past three years. Announcement • Jan 21
Synapsewave Innovations Private Ltd acquired Open Dealer Integrated Network (ODIN), Order Management System from 63 moons technologies limited (BSE:526881) Synapsewave Innovations Private Ltd agreed to acquire Open Dealer Integrated Network (ODIN), Order Management System from 63 moons technologies limited (BSE:526881) for approximately INR 980 million on a debt free and cash free basis on August 13, 2024. The deal is subject to adjustments. For the period ending March 31, 2024, Open Dealer Integrated Network (ODIN), Order Management System reported total revenue of INR 720.76 million. As of March 31, 2024, Open Dealer Integrated Network (ODIN), Order Management System reported total common equity of INR 0. The transaction is subject to approval from Regulatory authorities, Courts and Shareholders of 63 moons technologies limited.J. Sagar Associates led by Rinku Ambekar acted as legal advisor to 63 moons technologies limited for the transaction.
Synapsewave Innovations Private Ltd completed the acquisition of Open Dealer Integrated Network (ODIN), Order Management System from 63 moons technologies limited (BSE:526881) on January 20, 2025. On November 11, 2024 All the Conditions Precedent prior to Closing required to be performed or complied with by the Company have been complied with and the transaction relating to the Sale of ODIN Business Undertaking has been completed after complying with the Hon’ble MPID Court order. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1,032, the stock trades at a trailing P/E ratio of 64.9x. Average trailing P/E is 41x in the Software industry in India. Total returns to shareholders of 409% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹663, the stock trades at a trailing P/E ratio of 41.7x. Average trailing P/E is 35x in the Software industry in India. Total returns to shareholders of 425% over the past three years. Reported Earnings • Nov 13
Second quarter 2025 earnings released: ₹4.10 loss per share (vs ₹17.88 profit in 2Q 2024) Second quarter 2025 results: ₹4.10 loss per share (down from ₹17.88 profit in 2Q 2024). Revenue: ₹765.6m (down 52% from 2Q 2024). Net loss: ₹189.0m (down 123% from profit in 2Q 2024). 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 65% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹573, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 36x in the Software industry in India. Total returns to shareholders of 489% over the past three years. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹439, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 36x in the Software industry in India. Total returns to shareholders of 337% over the past three years. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹397, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 40x in the Software industry in India. Total returns to shareholders of 317% over the past three years. Declared Dividend • Sep 05
Dividend of ₹2.00 announced Dividend of ₹2.00 is the same as last year. Ex-date: 20th September 2024 Payment date: 27th October 2024 Dividend yield will be 0.5%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 55% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 14
Synapsewave Innovations Private Ltd agreed to acquire STPGate Business Undertaking from 63 moons technologies limited (BSE:526881) for INR 10 million on a debt free and cash free basis. Synapsewave Innovations Private Ltd agreed to acquire STPGate Business Undertaking from 63 moons technologies limited (BSE:526881) for INR 10 million on a debt free and cash free basis on August 13, 2024. A cash consideration of INR 10 million will be paid by Synapsewave Innovations Private Ltd. As part of consideration, INR 10 million is paid towards business division of STPGate Business Undertaking.
For the period ending March 31, 2024, STPGate Business Undertaking reported total revenue of INR 14.49 million. As of March 31, 2024, STPGate Business Undertaking reported total common equity of INR 0.
The transaction is subject to approval by regulatory board / committee, approval of offer by target shareholders and subject to court approval. Announcement • Aug 13
63 moons technologies limited, Annual General Meeting, Sep 27, 2024 63 moons technologies limited, Annual General Meeting, Sep 27, 2024. Reported Earnings • Aug 13
First quarter 2025 earnings released: ₹1.86 loss per share (vs ₹8.54 profit in 1Q 2024) First quarter 2025 results: ₹1.86 loss per share (down from ₹8.54 profit in 1Q 2024). Revenue: ₹875.4m (down 24% from 1Q 2024). Net loss: ₹85.9m (down 122% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Announcement • Aug 05
63 moons technologies limited to Report Q1, 2025 Results on Aug 12, 2024 63 moons technologies limited announced that they will report Q1, 2025 results on Aug 12, 2024 Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹374, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 40x in the Software industry in India. Total returns to shareholders of 254% over the past three years. Valuation Update With 7 Day Price Move • May 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹332, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 38x in the Software industry in India. Total returns to shareholders of 288% over the past three years. Reported Earnings • May 25
Full year 2024 earnings released: EPS: ₹48.29 (vs ₹3.54 loss in FY 2023) Full year 2024 results: EPS: ₹48.29 (up from ₹3.54 loss in FY 2023). Revenue: ₹6.20b (up 114% from FY 2023). Net income: ₹2.23b (up ₹2.39b from FY 2023). Profit margin: 36% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth. Announcement • May 25
63 Moons Technologies Limited Recommends Dividend for the Fiscal Year 2023-24 63 moons technologies limited at its board meeting held on May 24, 2024 recommended dividend of INR 2.00 per share for the fiscal year 2023-24. The distribution of said dividend shall be subject to the approval of shareholders at the forthcoming Annual General Meeting and appropriate judicial orders. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹442, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 41x in the Software industry in India. Total returns to shareholders of 515% over the past three years. New Risk • Mar 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹526, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 39x in the Software industry in India. Total returns to shareholders of 562% over the past three years. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹20.12 (vs ₹4.77 in 3Q 2023) Third quarter 2024 results: EPS: ₹20.12 (up from ₹4.77 in 3Q 2023). Revenue: ₹2.03b (up 117% from 3Q 2023). Net income: ₹927.2m (up 322% from 3Q 2023). Profit margin: 46% (up from 24% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 80% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹20.12 (vs ₹4.77 in 3Q 2023) Third quarter 2024 results: EPS: ₹20.12 (up from ₹4.77 in 3Q 2023). Revenue: ₹2.03b (up 117% from 3Q 2023). Net income: ₹927.2m (up 322% from 3Q 2023). Profit margin: 46% (up from 24% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 80% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹446, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 42x in the Software industry in India. Total returns to shareholders of 470% over the past three years. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹317, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 38x in the Software industry in India. Total returns to shareholders of 338% over the past three years. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹17.88 (vs ₹2.31 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹17.88 (up from ₹2.31 loss in 2Q 2023). Revenue: ₹1.95b (up 340% from 2Q 2023). Net income: ₹823.9m (up ₹930.5m from 2Q 2023). Profit margin: 42% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Announcement • Sep 21
63 moons technologies limited Announces Re-Constitution of Committees of the Board 63 moons technologies limited announced that the following Board Committees have been re-constituted by the company. Stakeholders' Relationship Committee: Justice Deepak - Verma (Retd.) Chairman (Non-Executive, Independent Director), Mr. Venkat Chary (IAS, Retd.) - Member (Non-Executive, Non-Independent Director), Mr. S. Rajendran - Member (MD & CEO); Corporate Social Responsibility Committee: Mrs. Chitkala Zutshi (IAS, Retd.) - Chairperson (Non-Executive, Independent Director), Mr. Sunil Shah - Member (Non-Executive, Non-Independent Director); Mr. S. Rajendran - Member (MD & CEO); Risk Management Committee: Mr. K. Chandrasekhar - Chairman (Non-Executive, Independent Director), Mr. S. Rajendran - Member (MD & CEO), Mr. Devendra Agrawal - Member (Whole-time Director & CFO). Upcoming Dividend • Sep 13
Upcoming dividend of ₹2.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 20 September 2023. Payment date: 27 October 2023. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹314, the stock trades at a trailing P/E ratio of 53.8x. Average trailing P/E is 35x in the Software industry in India. Total returns to shareholders of 303% over the past three years. Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: ₹8.54 (vs ₹0.84 loss in 1Q 2023) First quarter 2024 results: EPS: ₹8.54 (up from ₹0.84 loss in 1Q 2023). Revenue: ₹1.48b (up 261% from 1Q 2023). Net income: ₹393.7m (up ₹432.2m from 1Q 2023). Profit margin: 27% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 50% per year. Announcement • Aug 01
63 moons technologies limited to Report Q1, 2024 Results on Aug 08, 2023 63 moons technologies limited announced that they will report Q1, 2024 results at 12:15 PM, Indian Standard Time on Aug 08, 2023 Buying Opportunity • Jul 19
Now 20% undervalued Over the last 90 days, the stock is up 51%. The fair value is estimated to be ₹315, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 26%. Announcement • May 25
63 Moons Technologies Limited Recommends Final Dividend for the Fiscal Year Ended 31st March 2023 63 moons technologies limited at the board meeting held on May 24, 2023 recommended a Final Dividend of INR 2 per equity share (Face Value INR 2 each) for the Fiscal Year ended 31st March 2023, the payment of which shall be subject to approval of shareholders at the forthcoming Annual General Meeting and appropriate judicial orders. Reported Earnings • May 25
Full year 2023 earnings released: ₹3.54 loss per share (vs ₹11.54 loss in FY 2022) Full year 2023 results: ₹3.54 loss per share (improved from ₹11.54 loss in FY 2022). Revenue: ₹4.02b (up 151% from FY 2022). Net loss: ₹163.1m (loss narrowed 69% from FY 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 19
63 moons technologies limited to Report Q4, 2023 Results on May 24, 2023 63 moons technologies limited announced that they will report Q4, 2023 results on May 24, 2023 Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹173, the stock trades at a trailing P/E ratio of 67x. Average trailing P/E is 25x in the Software industry in India. Total returns to shareholders of 194% over the past three years. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹4.77 (vs ₹2.96 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹4.77 (up from ₹2.96 loss in 3Q 2022). Revenue: ₹1.19b (up 195% from 3Q 2022). Net income: ₹219.9m (up ₹356.4m from 3Q 2022). Profit margin: 18% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 21
63 moons technologies limited to Report Q3, 2023 Results on Feb 04, 2023 63 moons technologies limited announced that they will report Q3, 2023 results on Feb 04, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Non Independent Non-Executive Director Kanekal Chandrashekar was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 11
First quarter 2023 earnings released: ₹0.84 loss per share (vs ₹2.16 loss in 1Q 2022) First quarter 2023 results: ₹0.84 loss per share (up from ₹2.16 loss in 1Q 2022). Revenue: ₹707.5m (up 85% from 1Q 2022). Net loss: ₹38.5m (loss narrowed 61% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • May 30
Full year 2022 earnings released: ₹11.54 loss per share (vs ₹13.77 loss in FY 2021) Full year 2022 results: ₹11.54 loss per share (up from ₹13.77 loss in FY 2021). Revenue: ₹1.60b (flat on FY 2021). Net loss: ₹531.7m (loss narrowed 16% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. Non Independent Non-Executive Director Kanekal Chandrashekar was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Feb 14
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹2.96 loss per share (down from ₹0.001 loss in 3Q 2021). Revenue: ₹568.8m (up 35% from 3Q 2021). Net loss: ₹136.6m (loss widened ₹136.6m from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 23
Second quarter 2022 earnings released: ₹7.39 loss per share (vs ₹0.10 loss in 2Q 2021) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: ₹553.8m (up 31% from 2Q 2021). Net loss: ₹340.3m (loss widened ₹335.5m from 2Q 2021). Executive Departure • Oct 03
Independent Non-Executive Director Rajan Kochar has left the company On the 22nd of September, Rajan Kochar's tenure as Independent Non-Executive Director ended after 10.0 years in the role. We don't have any record of a personal shareholding under Rajan's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 12.42 years. Executive Departure • Oct 03
Independent Non-Executive Director Achudanarayanan Nagarajan has left the company On the 22nd of September, Achudanarayanan Nagarajan's tenure as Independent Non-Executive Director ended after 7.9 years in the role. We don't have any record of a personal shareholding under Achudanarayanan's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 12.42 years. Upcoming Dividend • Sep 01
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 18 October 2021. Trailing yield: 2.2%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (1.7%). Reported Earnings • Aug 13
First quarter 2022 earnings released: ₹2.16 loss per share (vs ₹0.84 loss in 1Q 2021) The company reported a mediocre first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: ₹562.1m (up 55% from 1Q 2021). Net loss: ₹99.4m (loss widened 155% from 1Q 2021). Reported Earnings • May 30
Full year 2021 earnings released: ₹13.77 loss per share (vs ₹9.99 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: ₹2.52b (up 19% from FY 2020). Net loss: ₹634.4m (loss widened 38% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Nov 24
New 90-day high: ₹89.10 The company is up 10.0% from its price of ₹81.20 on 26 August 2020. The Indian market is also up 10.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Software industry, which is up 20% over the same period. Upcoming Dividend • Nov 24
Upcoming Dividend of ₹2.00 Per Share Will be paid on the 8th of January to those who are registered shareholders by the 1st of December. The trailing yield of 2.5% is in the top quartile of Indian dividend payers (2.1%), but it is lower than industry peers (3.0%). Reported Earnings • Oct 28
First half earnings released Over the last 12 months the company has reported total losses of ₹783.9m, with earnings decreasing by ₹976.8m from the prior year. Total revenue was ₹1.36b over the last 12 months, down 49% from the prior year. Is New 90 Day High Low • Sep 25
New 90-day low: ₹66.55 The company is down 15% from its price of ₹78.10 on 26 June 2020. The Indian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 37% over the same period.