Reported Earnings • May 23
Full year 2026 earnings released: EPS: ₹3.68 (vs ₹1.80 in FY 2025) Full year 2026 results: EPS: ₹3.68 (up from ₹1.80 in FY 2025). Revenue: ₹1.51b (up 30% from FY 2025). Net income: ₹85.3m (up 101% from FY 2025). Profit margin: 5.7% (up from 3.7% in FY 2025). The increase in margin was driven by higher revenue. 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 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹164, the stock trades at a trailing P/E ratio of 62.8x. Average trailing P/E is 22x in the IT industry in India. Total returns to shareholders of 197% over the past three years. Announcement • Mar 24
Trejhara Solutions Limited (NSEI:TREJHARA) completed the acquisition of LP Logistics Plus LLC. Trejhara Solutions Limited (NSEI:TREJHARA) entered into agreement to acquire LP Logistics Plus LLC for INR 1.1 billion on December 1, 2025. A cash consideration of INR 850 million will be paid by Trejhara Solutions Limited. Trejhara Solutions Limited will pay an earnout/contingent payment of INR 270 million cash. As part of consideration, INR 1.12 billion is paid towards common equity of LP Logistics Plus LLC.
For the period ending December 31, 2024, LP Logistics Plus LLC reported total revenue of INR 310.45 million.
The transaction is subject to approval of offer by acquirer board. The transaction is expected to complete by the end of March 2026.
Trejhara Solutions Limited (NSEI:TREJHARA) completed the acquisition of LP Logistics Plus LLC on March 23, 2026. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.51 (vs ₹0.46 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.51 (up from ₹0.46 in 3Q 2025). Revenue: ₹349.5m (up 444% from 3Q 2025). Net income: ₹12.1m (up 82% from 3Q 2025). Profit margin: 3.5% (down from 10% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 10
Now 24% overvalued Over the last 90 days, the stock has fallen 23% to ₹200. The fair value is estimated to be ₹161, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last 3 years. Earnings per share has grown by 64%. Announcement • Dec 08
Trejhara Solutions Limited, Annual General Meeting, Dec 29, 2025 Trejhara Solutions Limited, Annual General Meeting, Dec 29, 2025, at 10:00 Indian Standard Time. New Risk • Dec 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 62% This is considered a major 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: Major Risks Share price has been highly volatile over the past 3 months (8.8% average weekly change). Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Minor Risks Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (₹6.13b market cap, or US$68.1m). Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹276, the stock trades at a trailing P/E ratio of 78.9x. Average trailing P/E is 26x in the IT industry in India. Total returns to shareholders of 251% over the past three years. Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: ₹1.52 (vs ₹0.76 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.52 (up from ₹0.76 in 2Q 2025). Revenue: ₹377.6m (up 495% from 2Q 2025). Net income: ₹35.7m (up 224% from 2Q 2025). Profit margin: 9.5% (down from 17% 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 64% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Announcement • Nov 11
Trejhara Solutions Limited to Report Q2, 2026 Results on Nov 14, 2025 Trejhara Solutions Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Announcement • Nov 06
Trejhara Solutions Limited announced that it expects to receive INR 1.859352192 billion in funding Trejhara Solutions Limited announces a private placement to issue 6,11,112 equity shares at a price of INR 216 for proceeds of INR 132,000,192 and 7,997,000 convertible warrants, at an exercise price of INR 216 per warrant aggregating to INR 172,73,52,000 for aggregate proceeds of INR 1,859,352,192 on November 5, 2025. The Board has approved convening of an Extra-Ordinary General Meeting of the members of
the Company on Wednesday, December 03, 2025 through Video Conferencing. New Risk • Oct 15
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 7.9% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (9.8% net profit margin). Revenue is less than US$5m (₹310m revenue, or US$3.5m). Market cap is less than US$100m (₹3.05b market cap, or US$34.6m). Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹0.46 (vs ₹0.63 in 1Q 2025) First quarter 2026 results: EPS: ₹0.46 (down from ₹0.63 in 1Q 2025). Revenue: ₹88.0m (up 46% from 1Q 2025). Net income: ₹6.70m (down 27% from 1Q 2025). Profit margin: 7.6% (down from 15% 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 37% 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 • Aug 02
Trejhara Solutions Limited to Report Q1, 2026 Results on Aug 12, 2025 Trejhara Solutions Limited announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • May 31
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: 10% Last year net profit margin: 61% 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 (10% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (10% net profit margin). Revenue is less than US$5m (₹317m revenue, or US$3.7m). Market cap is less than US$100m (₹3.62b market cap, or US$42.3m). Reported Earnings • May 31
Full year 2025 earnings released: EPS: ₹2.27 (vs ₹11.04 in FY 2024) Full year 2025 results: EPS: ₹2.27 (down from ₹11.04 in FY 2024). Revenue: ₹316.6m (up 39% from FY 2024). Net income: ₹32.9m (down 77% from FY 2024). Profit margin: 10% (down from 61% 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 10% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 11
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 8.1% 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 Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (₹252m revenue, or US$2.9m). Market cap is less than US$100m (₹2.67b market cap, or US$31.0m). Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹221, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 25x in the IT industry in India. Total returns to shareholders of 223% over the past three years. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹174, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 29x in the IT industry in India. Total returns to shareholders of 141% over the past three years. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹0.46 (vs ₹1.24 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.46 (down from ₹1.24 in 3Q 2024). Revenue: ₹67.2m (up 5.7% from 3Q 2024). Net income: ₹6.64m (down 58% from 3Q 2024). Profit margin: 9.9% (down from 25% in 3Q 2024). 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 34% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹199, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 33x in the IT industry in India. Total returns to shareholders of 96% over the past three years. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹266, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 37x in the IT industry in India. Total returns to shareholders of 347% over the past three years. Reported Earnings • Oct 26
Second quarter 2025 earnings released: EPS: ₹0.76 (vs ₹0.41 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.76 (up from ₹0.41 in 2Q 2024). Revenue: ₹75.3m (up 25% from 2Q 2024). Net income: ₹11.0m (up 130% from 2Q 2024). Profit margin: 15% (up from 7.9% in 2Q 2024). 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 57% per year, which means it is well ahead of earnings. Announcement • Oct 18
Trejhara Solutions Limited to Report Q2, 2025 Results on Oct 25, 2024 Trejhara Solutions Limited announced that they will report Q2, 2025 results on Oct 25, 2024 Announcement • Sep 06
Trejhara Solutions Limited, Annual General Meeting, Sep 27, 2024 Trejhara Solutions Limited, Annual General Meeting, Sep 27, 2024, at 12:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹263, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 40x in the IT industry in India. Total returns to shareholders of 345% over the past three years. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹226, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 40x in the IT industry in India. Total returns to shareholders of 277% over the past three years. Reported Earnings • Jul 27
First quarter 2025 earnings released: EPS: ₹0.63 (vs ₹3.33 in 1Q 2024) First quarter 2025 results: EPS: ₹0.63 (down from ₹3.33 in 1Q 2024). Revenue: ₹69.6m (down 61% from 1Q 2024). Net income: ₹9.14m (down 77% from 1Q 2024). Profit margin: 13% (down from 22% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Announcement • Jul 18
Trejhara Solutions Limited to Report Q1, 2025 Results on Jul 26, 2024 Trejhara Solutions Limited announced that they will report Q1, 2025 results on Jul 26, 2024 Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹197, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 35x in the IT industry in India. Total returns to shareholders of 254% over the past three years. Reported Earnings • May 24
Full year 2024 earnings released: EPS: ₹11.04 (vs ₹253 loss in FY 2023) Full year 2024 results: EPS: ₹11.04 (up from ₹253 loss in FY 2023). Revenue: ₹245.2m (down 64% from FY 2023). Net income: ₹140.4m (up ₹3.13b from FY 2023). Profit margin: 57% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 162 percentage points per year, which is a significant difference in performance. Announcement • Mar 28
LP Logistics Plus Chemical SCM Private Limited agreed to acquire Trejhara Solutions Limited (NSEI:TREJHARA). LP Logistics Plus Chemical SCM Private Limited agreed to acquire Trejhara Solutions Limited (NSEI:TREJHARA) on March 26, 2024. Transaction is approved by Trejhara Solutions Limited board. The Scheme is subject to necessary statutory and regulatory approvals including the approvals of Securities and Exchange Board of India, BSE Limited (“BSE”), National Stock Exchange of India Limited, Hon’ble National Company Law Tribunal, the shareholders and/or the creditors, as applicable of each of the companies. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹1.24 (vs ₹2.92 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.24 (down from ₹2.92 in 3Q 2023). Revenue: ₹68.0m (down 61% from 3Q 2023). Net income: ₹15.7m (down 54% from 3Q 2023). Profit margin: 23% (up from 20% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 196 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Dec 22
Chairman & Whole Time Director recently sold ₹39m worth of stock On the 20th of December, Amit Sheth sold around 196k shares on-market at roughly ₹197 per share. This transaction amounted to 23% 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 Amit's only on-market trade for the last 12 months. Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: ₹0.41 (vs ₹3.29 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.41 (down from ₹3.29 in 2Q 2023). Revenue: ₹66.4m (down 61% from 2Q 2023). Net income: ₹4.78m (down 88% from 2Q 2023). Profit margin: 7.2% (down from 23% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 218 percentage points per year, which is a significant difference in performance. Board Change • Sep 15
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive & Independent Director Tushar Ranpara was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Sep 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 31% 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: Major Risk Earnings have declined by 89% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (31% increase in shares outstanding). Market cap is less than US$100m (₹1.69b market cap, or US$20.5m). Announcement • Aug 11
Trejhara Solutions Limited Appoints Shardul V. Inamdar as the Company Secretary Trejhara Solutions Limited announced the Board of Directors at its meeting on August 10, 2023, based on the recommendation of Nomination andRemuneration Committee, approved the appointment of Mr. Shardul V. Inamdar as the Company Secretary of the Company, designated as the Key Managerial Personnel. Mr. Shardul Inamdar is an Associate member of the Institute of Company Secretaries of India and a Master in Commerce. He has over 4 years of experience in dealing with Secretarial Compliances of Listed and Unlisted Companies. Date of Appointment; August 10, 2023. Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: ₹3.33 (vs ₹2.91 in 1Q 2023) First quarter 2024 results: EPS: ₹3.33 (up from ₹2.91 in 1Q 2023). Revenue: ₹193.2m (up 15% from 1Q 2023). Net income: ₹39.4m (up 14% from 1Q 2023). Profit margin: 20% (in line with 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 252 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: ₹3.33 (vs ₹2.91 in 1Q 2023) First quarter 2024 results: EPS: ₹3.33 (up from ₹2.91 in 1Q 2023). Revenue: ₹193.2m (up 15% from 1Q 2023). Net income: ₹39.4m (up 14% from 1Q 2023). Profit margin: 20% (in line with 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 252 percentage points per year, which is a significant difference in performance. Announcement • Aug 05
Trejhara Solutions Limited to Report Q1, 2024 Results on Aug 10, 2023 Trejhara Solutions Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Announcement • Jul 07
Trejhara Solutions Limited Announces Resignation of Nilesh Kharche as Company Secretary and Compliance Officer Trejhara Solutions Limited announced that Mr. Nilesh Kharche, Company Secretary and Compliance Officer, has tendered his resignation to pursue his professional aspirations. He will be relived from the duties effective from 7th July, 2023. The Company will appoint his successor in due course and will intimate to the stock Exchanges. Reported Earnings • Jun 03
Full year 2023 earnings released: ₹253 loss per share (vs ₹9.28 profit in FY 2022) Full year 2023 results: ₹253 loss per share (down from ₹9.28 profit in FY 2022). Revenue: ₹693.6m (up 19% from FY 2022). Net loss: ₹2.99b (down ₹3.10b from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 231 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to ₹66.50, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 28x in the IT industry in India. Total returns to shareholders of 849% over the past three years. Announcement • May 23
Trejhara Solutions Limited to Report Q4, 2023 Results on May 30, 2023 Trejhara Solutions Limited announced that they will report Q4, 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹72.25, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 28x in the IT industry in India. Total returns to shareholders of 1,186% over the past three years. 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 ₹57.20, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 24x in the IT industry in India. Total returns to shareholders of 806% over the past three years. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹2.92 (vs ₹2.83 in 3Q 2022) Third quarter 2023 results: EPS: ₹2.92 (up from ₹2.83 in 3Q 2022). Revenue: ₹171.2m (up 13% from 3Q 2022). Net income: ₹34.5m (up 3.0% from 3Q 2022). Profit margin: 20% (down from 22% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% 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 • Feb 06
Trejhara Solutions Limited to Report Q3, 2023 Results on Feb 13, 2023 Trejhara Solutions Limited announced that they will report Q3, 2023 results at 12:08 PM, Indian Standard Time on Feb 13, 2023 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹61.70, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 25x in the IT industry in India. Total returns to shareholders of 422% over the past three years. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹3.29 (vs ₹2.80 in 2Q 2022) Second quarter 2023 results: EPS: ₹3.29 (up from ₹2.80 in 2Q 2022). Revenue: ₹178.7m (up 31% from 2Q 2022). Net income: ₹38.9m (up 17% from 2Q 2022). Profit margin: 22% (down from 24% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 30% share price gain to ₹89.35, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 26x in the IT industry in India. Total returns to shareholders of 421% over the past three years. Upcoming Dividend • Sep 09
Upcoming dividend of ₹0.50 per share Eligible shareholders must have bought the stock before 16 September 2022. Payment date: 26 October 2022. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (2.0%). Reported Earnings • Aug 10
First quarter 2023 earnings released: EPS: ₹2.91 (vs ₹2.39 in 1Q 2022) First quarter 2023 results: EPS: ₹2.91 (up from ₹2.39 in 1Q 2022). Revenue: ₹172.8m (up 30% from 1Q 2022). Net income: ₹34.4m (up 22% from 1Q 2022). Profit margin: 20% (down from 21% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹51.00, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 27x in the IT industry in India. Total returns to shareholders of 123% over the past three years. Reported Earnings • May 27
Full year 2022 earnings released Full year 2022 results: Revenue: ₹604.1m (up 11% from FY 2021). Net income: ₹112.0m (flat on FY 2021). Profit margin: 19% (down from 21% in FY 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹2.83 (up from ₹2.73 in 3Q 2021). Revenue: ₹156.3m (up 6.7% from 3Q 2021). Net income: ₹33.5m (up 3.7% from 3Q 2021). Profit margin: 21% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 20% share price gain to ₹95.25, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 30x in the IT industry in India. Total returns to shareholders of 104% over the past year. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 23% share price gain to ₹68.10, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 28x in the IT industry in India. Total returns to shareholders of 114% over the past year. Reported Earnings • Nov 01
Second quarter 2022 earnings released: EPS ₹2.80 (vs ₹2.47 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹142.6m (up 1.0% from 2Q 2021). Net income: ₹33.1m (up 14% from 2Q 2021). Profit margin: 23% (up from 21% in 2Q 2021). Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 15% share price gain to ₹66.65, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 32x in the IT industry in India. Total returns to shareholders of 455% over the past year. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹53.85, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 31x in the IT industry in India. Total returns to shareholders of 498% over the past year. Reported Earnings • Aug 02
First quarter 2022 earnings released: EPS ₹2.39 (vs ₹1.31 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹137.4m (up 31% from 1Q 2021). Net income: ₹28.2m (up 82% from 1Q 2021). Profit margin: 21% (up from 15% in 1Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 17% share price gain to ₹70.70, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 31x in the IT industry in India. Total returns to shareholders of 713% over the past year. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improved over the past week After last week's 16% share price gain to ₹62.80, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 30x in the IT industry in India. Total returns to shareholders of 528% over the past year. Reported Earnings • Jun 20
Full year 2021 earnings released: EPS ₹9.39 (vs ₹5.87 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: ₹559.5m (down 4.3% from FY 2020). Net income: ₹111.0m (up 60% from FY 2020). Profit margin: 20% (up from 12% in FY 2020). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 26% share price gain to ₹47.45, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 29x in the IT industry in India. Total returns to shareholders of 512% over the past year. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improved over the past week After last week's 16% share price gain to ₹35.05, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 25x in the IT industry in India. Total returns to shareholders of 489% over the past year. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 17% share price gain to ₹37.55, the stock trades at a trailing P/E ratio of 4.8x, up from the previous P/E ratio of 4.1x. Average P/E is 23x in the IT industry in India. Total returns to shareholders over the past year are 644%. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS ₹2.73 (vs ₹2.43 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ₹146.5m (up 21% from 3Q 2020). Net income: ₹32.3m (up 13% from 3Q 2020). Profit margin: 22% (down from 24% in 3Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improved over the past week After last week's 21% share price gain to ₹36.00, the stock is trading at a trailing P/E ratio of 4.8x, up from the previous P/E ratio of 4x. This compares to an average P/E of 21x in the IT industry in India. Total returns to shareholders over the past year are 279%.