Announcement • May 30
ITI Limited Announces Appointment of C V Ramana Babu to Chief Financial Officer, Effective May 28, 2026 ITI Limited had appointed Shri Ramana Babu C V (Director Marketing with Additional Charge Director Finance) as the Chief Financial Officer, with effect from May 28, 2026. Shri C V Ramana Babu belongs to Indian Telecom Services (ITS) - 90 Batch. He is a graduate in Electronics & Communications from Andhra University and has a Diploma in Public policy and Sustainable Development from The Energy and Resource Institute (TERI), New Delhi. He had more than 30 years of experience in Project planning, execution, installation and commissioning and operations of various telecom networks. During the initial years in his career, he had worked in Software centre of Department of Telecom (DOT), dealing with large capacity Digital Switching Equipment. He had overseen smooth Y2K transition by developing software patches related to switching and billing. He had extensive knowledge of Mobile networks and installed CDMA and Wimax networks. He had successfully led the prestigious CSC project. He was responsible for dealing with spectrum issues in BSNL. He had taken lead in design of 4G network in BSNL and successfully soft launched 4G services in 2016 in Chandigarh. At previous position as Chief General Manager, Bharat Broadband Networks Limited (BBNL), he coordinated with various agencies for completion of Phase 1- which entailed connection of 120000 Gram Panchayats with OFC. He also had vast experience in procurement. He handled procurement activities of the erstwhile Department of Telecom (DOT). He was instrumental in preparation of BSNL procurement manual, which is used as reference by many telecom PSUs and Private Telcos. He had interest in IOT, Mobile networks, circular economy and renewable energy. Reported Earnings • Feb 15
Third quarter 2026 earnings released: ₹0.26 loss per share (vs ₹0.51 loss in 3Q 2025) Third quarter 2026 results: ₹0.26 loss per share (improved from ₹0.51 loss in 3Q 2025). Revenue: ₹5.27b (down 49% from 3Q 2025). Net loss: ₹253.3m (loss narrowed 48% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 7% 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 • Jan 06
ITI Limited Announces Cessation of Lt Gen Kanwar Vinod Kumar as Director, Effective December 31, 2025 ITI Limited announced that Lt Gen Kanwar Vinod Kumar, Government Director (DIN: 10366028), ceased to be the Director of the Company upon attaining the age of superannuation on December 31, 2025. Reported Earnings • Nov 15
Second quarter 2026 earnings released: ₹0.57 loss per share (vs ₹0.73 loss in 2Q 2025) Second quarter 2026 results: ₹0.57 loss per share (improved from ₹0.73 loss in 2Q 2025). Revenue: ₹5.58b (down 45% from 2Q 2025). Net loss: ₹543.6m (loss narrowed 23% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Announcement • Oct 20
ITI Limited, Annual General Meeting, Nov 11, 2025 ITI Limited, Annual General Meeting, Nov 11, 2025, at 11:30 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2026 earnings released: ₹0.66 loss per share (vs ₹0.95 loss in 1Q 2025) First quarter 2026 results: ₹0.66 loss per share (improved from ₹0.95 loss in 1Q 2025). Revenue: ₹4.98b (down 4.2% from 1Q 2025). Net loss: ₹636.1m (loss narrowed 30% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Announcement • Aug 09
ITI Limited to Report Q1, 2026 Results on Aug 13, 2025 ITI Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Reported Earnings • May 28
Full year 2025 earnings released: ₹2.24 loss per share (vs ₹5.93 loss in FY 2024) Full year 2025 results: ₹2.24 loss per share (improved from ₹5.93 loss in FY 2024). Revenue: ₹37.0b (up 193% from FY 2024). Net loss: ₹2.15b (loss narrowed 62% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Announcement • May 19
ITI Limited to Report Q4, 2025 Results on May 27, 2025 ITI Limited announced that they will report Q4, 2025 results on May 27, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: ₹0.51 loss per share (vs ₹1.05 loss in 3Q 2024) Third quarter 2025 results: ₹0.51 loss per share (improved from ₹1.05 loss in 3Q 2024). Revenue: ₹10.5b (up 308% from 3Q 2024). Net loss: ₹488.8m (loss narrowed 52% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. Announcement • Feb 03
ITI Limited to Report Q3, 2025 Results on Feb 13, 2025 ITI Limited announced that they will report Q3, 2025 results on Feb 13, 2025 Announcement • Jan 30
ITI Limited Appoints Sunil Kumar Verma as Government Director ITI Limited announced that Government of India vide Ministry of Communications Order No. E-5-2/2021-PSA dated 30 January 2025 appointed Shri Sunil Kumar Verma, Joint Secretary (A), DoT as Government Director on the Board of ITI Limited vice Shri Alok Shukla, Sr. DDG (Pers.), DoT for a period of three years with immediate effect or till the date of superannuation or till further orders, whichever is the earlier. The appointment of Shri Sunil Kumar Verma as Government Director will be effective from the date of obtaining DIN. The effective date of appointment will be intimated separately. Announcement • Dec 26
ITI Limited Appoints Y Sathyan as Company Secretary & Compliance Officer ITI Limited announced that at its board meeting held on December 24, 2024, the board appointed Shri Y Sathyan (CS Mem no. A26464), as Company Secretary & Compliance Officer with effect from 24th December 2024. Y. Sathyan, aged 51 years (Date of Birth: May 17, 1973) is a professionally qualified Cost Accountant, Chartered Accountant and Company Secretary with a Bachelor Degree in Commerce. He has over 24 years of Corporate Experience in the domain of Finance, Accounts, MIS, Treasury, Costing, Direct & Indirect Taxation, Corporate Secretarial and Legal matters. & Worked as Company Secretary in the Listed and Unlisted Public and Private Ltd. companies with the prior experience in handling of Corporate Secretarial matters & compliances for around 12 years. He has earlier worked in Textool Company Ltd, Coimbatore! (LMW Group), Lakshmi Precision Tools Ltd,an unlisted public limited company as Senior Manager Finance & Company Secretary, Coimbatore (LMW Group), Amte Castings India Ltd, Coimbatore (Amtek Auto Group), EID} Parry (India) Ltd, Chennai, (Murugappa Group) and held additional position as Company Secretary for Parryl Infrastructure Private Limited, Royal Enfield, Chennai (Eicher Group) and ITI Ltd, Bangalore, Fives Cail KCP Ltd. an EPC Company (a Joint Venture between Fives, France] and KCP Ltd) Prior to Joining here, he worked with Sundaram Brake| Linings Ltd, Chennai as DGM Finance & Company Secretary one of the Listed company in the TVS Group, manufacturing automotive, non automotive and industrial friction materials. Reported Earnings • Nov 19
Second quarter 2025 earnings released: ₹0.73 loss per share (vs ₹1.32 loss in 2Q 2024) Second quarter 2025 results: ₹0.73 loss per share (improved from ₹1.32 loss in 2Q 2024). Revenue: ₹10.3b (up 318% from 2Q 2024). Net loss: ₹703.3m (loss narrowed 44% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 127 percentage points per year, which is a significant difference in performance. Announcement • Nov 11
ITI Limited Appoints Ramana Babu Cv as Director( Marketing) ITI Limited announced the appointment of Shri Ramana babu CV as director(Marketing) of the company. New Risk • Nov 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 66% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Announcement • Nov 08
ITI Limited to Report Q2, 2025 Results on Nov 14, 2024 ITI Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Oct 11
ITI Limited, Annual General Meeting, Nov 08, 2024 ITI Limited, Annual General Meeting, Nov 08, 2024, at 11:30 Indian Standard Time. Buy Or Sell Opportunity • Oct 01
Now 24% overvalued Over the last 90 days, the stock has fallen 14% to ₹265. The fair value is estimated to be ₹215, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Meanwhile, the company became loss making. Announcement • Aug 22
ITI Limited, Annual General Meeting, Sep 27, 2024 ITI Limited, Annual General Meeting, Sep 27, 2024, at 11:30 Indian Standard Time. Reported Earnings • Aug 13
First quarter 2025 earnings released: ₹0.95 loss per share (vs ₹1.08 loss in 1Q 2024) First quarter 2025 results: ₹0.95 loss per share (improved from ₹1.08 loss in 1Q 2024). Revenue: ₹5.35b (up 241% from 1Q 2024). Net loss: ₹913.1m (loss narrowed 11% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 134 percentage points per year, which is a significant difference in performance. Announcement • Aug 08
ITI Limited to Report Q1, 2025 Results on Aug 12, 2024 ITI Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Reported Earnings • May 29
Full year 2024 earnings released: ₹5.93 loss per share (vs ₹3.81 loss in FY 2023) Full year 2024 results: ₹5.93 loss per share (further deteriorated from ₹3.81 loss in FY 2023). Revenue: ₹13.1b (down 6.3% from FY 2023). Net loss: ₹5.69b (loss widened 58% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 138 percentage points per year, which is a significant difference in performance. Announcement • May 18
ITI Limited to Report Q4, 2024 Results on May 28, 2024 ITI Limited announced that they will report Q4, 2024 results on May 28, 2024 Reported Earnings • Feb 14
Third quarter 2024 earnings released: ₹1.05 loss per share (vs ₹0.93 loss in 3Q 2023) Third quarter 2024 results: ₹1.05 loss per share (further deteriorated from ₹0.93 loss in 3Q 2023). Revenue: ₹2.71b (up 5.9% from 3Q 2023). Net loss: ₹1.01b (loss widened 16% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Announcement • Jan 25
ITI Limited Appoints Ramana Babu C V as Director Marketing ITI Limited appointed Shri Ramana Babu C V Principal General Manager, BSNL (Indian Telecommunication Service), DoT as Director Marketing on the Board of the Company with effect from 25th January 2024 till 31st July 2028 i.e the date of superannuation, or until further orders, whichever is the earlier. Shri Ramana Babu C. V belongs to Indian Telecom Services (ITS) - 90 Batch. He is a graduate in Electronics & Communications from Andhra University and has a Diploma in Public policy and Sustainable Development from The Energy and Resource Institute (TERI), New Delhi. A highly motivated and result oriented person who has more than 30 years of experience in Project planning, execution, installation and commissioning and operations of various telecom networks. During the initial years in his career, he had worked in Software centre of Department of Telecom (DOT), dealing with large capacity Digital Switching Equipment. He has overseen smooth Y2K transition by developing software patches related to switching and billing. He has extensive knowledge of Mobile networks and installed CDMA and Wimax networks. He successfully led the prestigious CSC project. He was responsible for dealing with spectrum issues in BSNL. He has taken lead in design of 4G network in BSNL and successfully soft launched 4G services in 2016 in Chandigarh. At previous position as Chief General Manager, Bharat Broadband Networks Limited (BBNL), he coordinated with various agencies for completion of Phase 1- which entailed connection of 120000 Gram Panchayats with OFC. He also has vast experience in procurement. He handled procurement activities of the erstwhile Department of Telecom (DOT). He was instrumental in preparation of BSNL procurement manual, which is used as reference by many telecom PSUs and Private Telcos. He has interest in IOT, Mobile networks, circular economy and renewable energy. Announcement • Jan 23
ITI Limited to Report Nine Months, 2024 Results on Feb 13, 2024 ITI Limited announced that they will report nine months, 2024 results on Feb 13, 2024 Announcement • Jan 10
ITI Limited Announces Change in Directorate ITI Limited dated January 9, 2024, appointed Shri Mukesh Mangal, DDG (AI&DIU), DoT as Government Nominee Director on the board of the company in place of Shri Radha Charan Shakya, Former DDG (PM), DoT for a period of three years or till the date pf superannuation or till further orders, whichever is the earliest. Accordingly, Shri Radha Charan Shakya ceased to be government Director of the company with effect from January 9, 2024. The appointment of Shri Mukesh Mangal as Government Nominee Director will be effective from the date of obtaining DIN. Shri Mukesh Mangal belongs to the Indian Telecom Service (ITS) of 1991 batch and presently, he is working as Deputy Director General (AI & Digital Intelligence Unit) in Department of Telecommunications, Government of India, New Delhi. He did B.Tech (Electronics and communications) from MNIT, Jaipur in 1990. He has done course on 'Certificate Programme in Public Policy' at University of California, Berkeley, USA in 2018 and on 'Human Resource Management and Employment Relations' at LSE, Summer School, London, UK in 2015. He has work experience of more than 31 years in telecom switching exchanges, quality assurance activities in telecom field, internal security issues, cyber security and cyber- crime issues, policy formulation, technology deployment, service delivery, administration at senior positions in diverse organizations such as Department of Telecom (DoT), Ministry of Home Affairs and Bharat Sanchar Nigam Limited (BSNL). Presently heading Digital Intelligence Unit of DoT to curb cyber-crime and financial frauds using telecom resources which also include security and protection of digital public infrastructure. He has been instrumental in establishing various national level security projects in the field of cyber-security, digital intelligence platform, Central Monitoring System and Internet Monitoring System for lawful interception. He is also nodal officer for Centre for Development of Telematics, the R&D arm of Department of Telecommunications. Announcement • Dec 01
ITI Limited Announces Cessation of Rakesh Chandra Tiwari, Director Marketing ITI Limited announced that Shri Rakesh Chandra Tiwari, Director Marketing (DIN: 08953397), ceased to be the Director and Key Managerial Personnel of ITI Limited, w.e.f. the afternoon of November 30, 2023. Reported Earnings • Nov 10
Second quarter 2024 earnings released: ₹1.31 loss per share (vs ₹1.07 loss in 2Q 2023) Second quarter 2024 results: ₹1.31 loss per share (further deteriorated from ₹1.07 loss in 2Q 2023). Revenue: ₹2.56b (up 30% from 2Q 2023). Net loss: ₹1.26b (loss widened 25% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Announcement • Nov 01
ITI Limited to Report Q2, 2024 Results on Nov 09, 2023 ITI Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Announcement • Oct 21
ITI Limited Appoints Lt Gen Kanwar Vinod Kumar as Government Director on the Board of the Company ITI Limited announced that Lt Gen Kanwar Vinod Kumar, Signal Officer-in-Chief, Ministry of Defense (DI: 10366028), appointed as Government Director on the Board of the Company w.e.f. 20th October 2023 for a period of three years or till the date of superannuation or till further orders, whichever is earliest. Lt Gen Kanwar Vinod Kumar was commissioned into the Corps of Signals of the Indian Army on 14 June 1986. He is a graduate of the Defense Services Staff College, Wellington, Command and General Staff College at Fort Leavenworth, USA and the College of Defence Management, Secunderabad. He has vast experience in command and staff assignments, and has served all over India including one tenure in Jammu and Kashmir and three tenures in North East India. He has also served with United ations as Staff Officer in Somalia. His area of expertise involves tactical communication systems with extensive experience in procurement, having been at the helm of same during his tenure as the Addition al Director General with the Directorate General of Signals. He has been Director Complaints Advisory Board at Chief of the Arm y Staff Secretariat and has had two tenures with the Military Secretary's Branch at Integrated Headquarters of Ministry of Defence. He has been part of the working group for modernisation of Information System in Indian Army and is credited with automation of various systems involved with Human Resource Management. Prior to his current assignment as the Signal Officer in Chief, he was the Additional Director General National Cadet Corps, Chandigarh from February 23 to August 23. Announcement • Sep 15
ITI Limited Appoints Lt Gen Kanwar Vinod Kumar as Government Director ITI Limited appointed Lt Gen Kanwar Vinod Kumar, Signal Officer-in-Chief, Ministry of Defence as Government Director on the Board of the Company for a period of three years or till the date of superannuation or till further orders, whichever is the earliest. The appointment of Lt Gen Kanwar Vinod Kumar as Government Director will be effective from the date of obtaining DIN. Announcement • Aug 20
ITI Limited, Annual General Meeting, Sep 28, 2023 ITI Limited, Annual General Meeting, Sep 28, 2023, at 11:30 Indian Standard Time. Reported Earnings • Aug 12
First quarter 2024 earnings released: ₹1.08 loss per share (vs ₹1.06 loss in 1Q 2023) First quarter 2024 results: ₹1.08 loss per share (further deteriorated from ₹1.06 loss in 1Q 2023). Revenue: ₹1.57b (down 5.6% from 1Q 2023). Net loss: ₹1.03b (loss widened 3.1% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Announcement • Aug 12
Iti Limited Announces Change in Compliance Officer ITI Limited informed that Shri Rajeev Srivastava (ACS Membership No. 49637), Director Finance & CFO was entrusted with the role of Compliance Officer w.e.f. 10 march 2023 till the appointment of regular Company Secretary and Compliance Officer. the Board of Directors in its meeting held on 11 august 2023 approved the appointment of Ms Shalini Ghatak as Company Secretary and Compliance Officer of the Company w.e.f. 06 July 2023. Announcement • Aug 03
ITI Limited to Report Q1, 2024 Results on Aug 11, 2023 ITI Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Announcement • Jul 07
ITI Limited Appoints Shalini Ghatak as Company Secretary and Compliance Officer ITI Limited informed that Ms. Shalini Ghatak, an Associate Member of Institute of Company Secretaries of India (ACS: 43488) is appointed as Company Secretary of the Company effective from 06th July 2023. Ms Shalini Ghatak is a qualified Company Secretary (ACS 43488) and a Bachelor of Commerce. She has around 10 years of work experience in corporate secretarial functions of Listed Companies related to Company law matters, SEBI Regulations, Follow on Public Offer of Equity Shares (FPO), Preferential Offer of Equity Shares, etc. Reported Earnings • May 30
Full year 2023 earnings released: ₹3.81 loss per share (vs ₹1.28 profit in FY 2022) Full year 2023 results: ₹3.81 loss per share (down from ₹1.28 profit in FY 2022). Revenue: ₹14.5b (down 22% from FY 2022). Net loss: ₹3.60b (down 401% from profit in FY 2022). 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 5% per year, which means it is well ahead of earnings. Announcement • May 20
ITI Limited Announces Appointment of S Jeyanthi as Director Production ITI Limited announced the appointment of Smt S Jeyanthi (DIN: 10059174), General Manager to the post of Director Production with effect from the date of the assumption of charge of the post i.e. May 19, 2023 till 30th June 2026 i.e. the date of her superannuation, or until further orders, whichever is earlier. In accordance with Government of India order dated 19th May 2023, Smt R Vasanthi, General Manager (Operation) has relinquished the additional charge of the post of Director Production effective from May 19, 2023. Smt S Jeyan thi (DIN: 10059174), working as Director HR (Addi Charge) and General Manager - Products & Technology has taken over charge of Director Production on 19th May 2023. Smt S Jeyanthi joined ITI Bangalore Plant as Assistant Executive Engineer in 1989 and thereafter held various positions in Production area. Smt S Jeyanthi has rich experience of more than 3 decades of handling the Production of Telecom and allied products. Smt S Jeyanthi was promoted as General Manager-Production of Palakkad Unit in 2021. Smt S Jeyanthi has successfully upgraded the Production facilities of Bangalore Plant and executed prestigious orders for Defence and ISRO. Smt S Jeyanthi is a B.E in Electronics and Communication Engineering Graduate from Mepco Schlenk Engineering College, Sivakasi, Tamilnadu. Reported Earnings • Feb 14
Third quarter 2023 earnings released: ₹0.93 loss per share (vs ₹0.99 loss in 3Q 2022) Third quarter 2023 results: ₹0.93 loss per share (improved from ₹0.99 loss in 3Q 2022). Revenue: ₹2.67b (up 94% from 3Q 2022). Net loss: ₹876.1m (loss narrowed 5.4% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Board Change • Dec 02
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. Director of Finance, CFO & Director Rajeev Srivastava is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 22
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. Director of Finance, CFO & Director Rajeev Srivastava is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 16
Second quarter 2023 earnings released: ₹1.07 loss per share (vs ₹0.60 loss in 2Q 2022) Second quarter 2023 results: ₹1.07 loss per share (further deteriorated from ₹0.60 loss in 2Q 2022). Revenue: ₹1.98b (down 44% from 2Q 2022). Net loss: ₹1.01b (loss widened 80% from 2Q 2022). 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 7% per year, which means it is well ahead of earnings. Reported Earnings • Nov 13
Second quarter 2023 earnings released: ₹1.07 loss per share (vs ₹0.60 loss in 2Q 2022) Second quarter 2023 results: ₹1.07 loss per share (further deteriorated from ₹0.60 loss in 2Q 2022). Revenue: ₹2.08b (down 41% from 2Q 2022). Net loss: ₹1.01b (loss widened 80% from 2Q 2022). 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 8% per year, which means it is well ahead of earnings. Reported Earnings • Aug 11
First quarter 2023 earnings released: ₹1.06 loss per share (vs ₹0.94 loss in 1Q 2022) First quarter 2023 results: ₹1.06 loss per share (down from ₹0.94 loss in 1Q 2022). Revenue: ₹1.88b (down 18% from 1Q 2022). Net loss: ₹997.0m (loss widened 13% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 17% share price gain to ₹114, the stock trades at a trailing P/E ratio of 77x. Average trailing P/E is 25x in the Communications industry in India. Total returns to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improved over the past week After last week's 17% share price gain to ₹104, the stock trades at a trailing P/E ratio of 69.9x. Average trailing P/E is 24x in the Communications industry in India. Total returns to shareholders of 12% over the past three years. Reported Earnings • May 27
Full year 2022 earnings released: EPS: ₹1.28 (vs ₹0.10 in FY 2021) Full year 2022 results: EPS: ₹1.28 (up from ₹0.10 in FY 2021). Revenue: ₹21.2b (down 11% from FY 2021). Net income: ₹1.20b (up ₹1.10b from FY 2021). Profit margin: 5.7% (up from 0.4% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Non-Official Independent Director Billeswar Sinha was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: ₹0.99 loss per share (down from ₹0.34 loss in 3Q 2021). Revenue: ₹1.37b (down 72% from 3Q 2021). Net loss: ₹926.1m (loss widened 192% from 3Q 2021). Revenue missed analyst estimates by 3.7%. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Aug 13
First quarter 2022 earnings released: ₹0.94 loss per share (vs ₹1.11 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: ₹2.41b (up 46% from 1Q 2021). Net loss: ₹879.5m (loss narrowed 14% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Executive Departure • Jul 13
Director of Human Resources & Director Shashi Gupta has left the company On the 30th of June, Shashi Gupta's tenure as Director of Human Resources & Director ended. We don't have any record of a personal shareholding under Shashi's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.50 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS ₹0.10 (vs ₹1.57 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: ₹23.6b (up 15% from FY 2020). Net income: ₹94.8m (down 93% from FY 2020). Profit margin: 0.4% (down from 6.9% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 17
New 90-day high: ₹134 The company is up 8.0% from its price of ₹124 on 19 November 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 10.0% over the same period. Reported Earnings • Feb 13
Third quarter 2021 earnings released: ₹0.34 loss per share (vs ₹1.74 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₹5.07b (down 39% from 3Q 2020). Net loss: ₹317.6m (down 120% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 90% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 13
New 90-day high: ₹134 The company is up 10.0% from its price of ₹122 on 15 October 2020. The Indian market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 15% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: ₹133 The company is up 2.0% from its price of ₹131 on 15 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Communications industry, which is also up 2.0% over the same period. Reported Earnings • Nov 13
Second quarter 2021 earnings released: ₹0.61 loss per share The company reported a soft second quarter result with weaker earnings and control over expenses, although revenues were improved. Second quarter 2021 results: Revenue: ₹5.12b (up 22% from 2Q 2020). Net loss: ₹560.4m (down ₹632.3m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 61% 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. Is New 90 Day High Low • Nov 03
New 90-day low: ₹117 The company is down 12% from its price of ₹133 on 05 August 2020. The Indian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 2.0% over the same period.