New Risk • Jun 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹944.0m (US$9.99m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹5.7b). Market cap is less than US$10m (₹944.0m market cap, or US$9.99m). Reported Earnings • May 29
Full year 2026 earnings released: ₹0.56 loss per share (vs ₹2.13 loss in FY 2025) Full year 2026 results: ₹0.56 loss per share (improved from ₹2.13 loss in FY 2025). Revenue: ₹8.27b (up 18% from FY 2025). Net loss: ₹198.7m (loss narrowed 74% from FY 2025). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • May 28
Sadbhav Infrastructure Project Limited Appoints Kaivan Vora as Chief Financial Officer, with Effect from May 27, 2026 Sadbhav Infrastructure Project Limited announced on recommendation of Nomination and Remuneration Committee, board has approved appointment of Mr. Kaivan Vora as a Chief Financial Officer (CFO) of the Company in the category of Key Managerial Personnel with effect from May 27, 2026. Mr. Kaivan Vora holds degree of Master of Business Administration (MBA) in Finance. He is a seasoned finance professional with over 18 years of diversified experience in corporate finance, treasury management, project finance, banking operations, working capital management, and fund raising. He has extensive exposure in infrastructure, banking, and pharmaceutical sectors through his association with reputed organizations including Sadbhav group, Otsuka Pharmaceutical India Private Limited, and ICICI Bank Limited, at the board meeting held on May 27, 2026. Announcement • May 20
Sadbhav Infrastructure Project Limited to Report Q4, 2026 Results on May 27, 2026 Sadbhav Infrastructure Project Limited announced that they will report Q4, 2026 results on May 27, 2026 New Risk • Mar 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹905.2m (US$9.68m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹5.2b). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (₹905.2m market cap, or US$9.68m). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). New Risk • Feb 16
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 7.4% 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 Risks Negative equity (-₹5.2b). Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (₹1.27b market cap, or US$14.0m). Reported Earnings • Feb 14
Third quarter 2026 earnings released: ₹3.10 loss per share (vs ₹0.11 loss in 3Q 2025) Third quarter 2026 results: ₹3.10 loss per share (further deteriorated from ₹0.11 loss in 3Q 2025). Revenue: ₹2.33b (up 34% from 3Q 2025). Net loss: ₹1.09b (loss widened ₹1.05b from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Feb 05
Sadbhav Infrastructure Project Limited to Report Q3, 2026 Results on Feb 12, 2026 Sadbhav Infrastructure Project Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹0.30 (vs ₹1.01 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.30 (down from ₹1.01 in 2Q 2025). Revenue: ₹2.06b (up 26% from 2Q 2025). Net income: ₹104.7m (down 71% from 2Q 2025). Profit margin: 5.1% (down from 22% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Nov 08
Sadbhav Infrastructure Project Limited to Report Q2, 2026 Results on Nov 12, 2025 Sadbhav Infrastructure Project Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Board Change • Oct 16
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. No experienced directors. 1 highly experienced director. Executive Chairman & Whole Time Director Shashin Patel is the most experienced director on the board, commencing their role in 2007. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Aug 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). Negative equity (-₹5.7b). Earnings have declined by 45% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹1.40b market cap, or US$16.1m). Announcement • Aug 13
Sadbhav Infrastructure Project Limited, Annual General Meeting, Sep 30, 2025 Sadbhav Infrastructure Project Limited, Annual General Meeting, Sep 30, 2025. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹0.34 (vs ₹0.59 loss in 1Q 2025) First quarter 2026 results: EPS: ₹0.34 (up from ₹0.59 loss in 1Q 2025). Revenue: ₹2.14b (up 28% from 1Q 2025). Net income: ₹119.8m (up ₹328.0m from 1Q 2025). Profit margin: 5.6% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Aug 09
Sadbhav Infrastructure Project Limited to Report Q1, 2026 Results on Aug 12, 2025 Sadbhav Infrastructure Project Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • May 28
Full year 2025 earnings released: ₹2.13 loss per share (vs ₹15.42 loss in FY 2024) Full year 2025 results: ₹2.13 loss per share (improved from ₹15.42 loss in FY 2024). Revenue: ₹7.60b (down 2.5% from FY 2024). Net loss: ₹749.8m (loss narrowed 86% from FY 2024). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • May 20
Sadbhav Infrastructure Project Limited to Report Q4, 2025 Results on May 27, 2025 Sadbhav Infrastructure Project Limited announced that they will report Q4, 2025 results on May 27, 2025 Board Change • Feb 14
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Executive Chairman Shashin Patel is the most experienced director on the board, commencing their role in 2007. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 14
Third quarter 2025 earnings released: ₹0.11 loss per share (vs ₹3.53 loss in 3Q 2024) Third quarter 2025 results: ₹0.11 loss per share (improved from ₹3.53 loss in 3Q 2024). Revenue: ₹1.74b (down 15% from 3Q 2024). Net loss: ₹37.4m (loss narrowed 97% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Announcement • Feb 13
Sadbhav Infrastructure Project Limited Announces Resignation of Hardik Modi as Company Secretary & Compliance Officer and Daksha Shah as Independent Director Sadbhav Infrastructure Project Limited at its board meeting held on February 12, 2025, considered and approved resignation of Mr. Hardik Modi, from the position of the Company Secretary & Compliance Officer of the Company with effect from February 12, 2025, due to personal reasons. He relieved on February 12, 2025 after the close of normal office hours from the Company. Considered and approved resignation of Mrs. Daksha Shah as an Independent Director of the Company with effect from February 12, 2025, due to age and its related issues. Announcement • Feb 04
Sadbhav Infrastructure Project Limited to Report Q3, 2025 Results on Feb 12, 2025 Sadbhav Infrastructure Project Limited announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹1.01 (vs ₹8.52 loss in 2Q 2024) Second quarter 2025 results: EPS: ₹1.01 (up from ₹8.52 loss in 2Q 2024). Revenue: ₹1.70b (up 5.7% from 2Q 2024). Net income: ₹355.7m (up ₹3.36b from 2Q 2024). Profit margin: 21% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Announcement • Oct 31
Sadbhav Infrastructure Project Limited to Report Q2, 2025 Results on Nov 12, 2024 Sadbhav Infrastructure Project Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Announcement • Oct 22
Sadbhav Infrastructure Project Limited Announces Cessation of Arun Patel as Independent Director Sadbhav Infrastructure Project Limited informed that Mr. Arun Patel, Independent Director of the Company ceased to be Director of the Company due to the expiry of his Second term which ended on October 21, 2024. Announcement • Oct 03
Sadbhav Infrastructure Project Limited Announces Board Appointments Sadbhav Infrastructure Project Limited at its AGM held on September 30, 2024 approved appointment of Mr. Ambalal C. Patel, Mrs. Shefali Manojbhai Patel and Tarang Madhukar Desai as Independent Directors of the Company. The Nomination and Remuneration Committee (the 'NRC Committee') of the Board of Directors, have recommended the appointment of Mr. Ambalal C. Patel DIN: 00037870, who is having an age of more than 75 years as on date of his appointment, as an Independent Director, for a term of 5 (Five) consecutive years, on the Board of the Company subject to approval of members of the Company at the 18th Annual General Meeting of the Company. Mrs. Shefali Manojbhai Patel (DIN: 07235872) was appointed as an Additional Director of the Company w.e.f. July 06, 2024 to hold office upto 18th Annual General Meeting of the company. Members of the Company at their 18th Annual General Meeting held on September 30, 2024, confirmed her appointment as an Independent Director for the period of S consecutive years w.e.f. July 06, 2024 to July 05, 2029. Mr. Tarang Madhukar Desai (DIN: 00005100) was appointed as an Additional Director of the Company w.e.f. August 12, 2024 to hold office upto 18 th Annual General Meeting of the Company. Members of the Company at their 18th Annual General Meeting held on September 30, 2024, confirmed his appointment as an Independent Director for the period of 5 consecutive years w.e.f. August 12, 2024 to August 11, 2029. Mr. Ambalal C. Patel (DIN: 00037870) started his career as shift- in- charge with Gujarat Mineral Development Corporation Ltd. (GMDC) in the year 1969. During his tenor at GMDC, he had successfully implemented greenfield Fluorspar Beneficiation Plant of 500 TPD and was later responsible for its regular and efficient operations. After his successful stint with GMDC in the year 1973, he had decided to join newly formed Gujarat Industrial Investment Corporation Ltd. (GIIC) as Technical Adviser (Metallurgy). He have served the corporation for over 30 years in various capacities and final and retired in the year of 2004. During his long career at GIIC, he has successfully handled many areas like project identification, preparation of TEFR and appraisal of industrial projects in the state of Gujarat. He was also involved in promotion of public issue and private placement of equity of the projects funded by the GIIC. He was involved in promoting and developing private sector, joint sector, new entrepreneur scheme and infrastructure sector projects; providing financial assistance by way of term loan, joint finance, equity disbursement and recovery. He had handled BIFR cases for revival and rehabilitation, change of management, liaison work with State Government. As a head of personnel and administrative department, he also served as Nomi nee director of GIIC on the board of various companies promoted by GIIC. After his retirement, he is serving as Independent Director in many listed and unlisted companies to advise in financial and corporate related issues. Mrs. Shefali Manojbhai Patel (DIN: 07235872) is having more than 9 years of experience in the field of Corporate Governance as well as understanding of Business Management, ethics and Risk Management. Dr. Tarang M. Desai (DIN- 00005100), aged 66, is Doctor of Medicine (M.D.) practicing as Consultant Physician and has more than 36 years of experience. He has appropriate skills, experience and knowledge in administration and Management. New Risk • Aug 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% 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 Risks Negative equity (-₹6.3b). Earnings have declined by 38% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (₹2.81b market cap, or US$33.5m). Announcement • Aug 13
Sadbhav Infrastructure Project Limited, Annual General Meeting, Sep 26, 2024 Sadbhav Infrastructure Project Limited, Annual General Meeting, Sep 26, 2024. Reported Earnings • Aug 13
First quarter 2025 earnings released: ₹0.59 loss per share (vs ₹0.66 loss in 1Q 2024) First quarter 2025 results: ₹0.59 loss per share (improved from ₹0.66 loss in 1Q 2024). Revenue: ₹1.72b (down 28% from 1Q 2024). Net loss: ₹208.2m (loss narrowed 11% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Announcement • Aug 04
Sadbhav Infrastructure Project Limited to Report Q1, 2025 Results on Aug 12, 2024 Sadbhav Infrastructure Project Limited announced that they will report Q1, 2025 results on Aug 12, 2024 Reported Earnings • May 22
Full year 2024 earnings released: ₹15.42 loss per share (vs ₹10.65 loss in FY 2023) Full year 2024 results: ₹15.42 loss per share (further deteriorated from ₹10.65 loss in FY 2023). Revenue: ₹8.77b (up 6.4% from FY 2023). Net loss: ₹5.43b (loss widened 45% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Announcement • May 12
Sadbhav Infrastructure Project Limited to Report Q4, 2024 Results on May 20, 2024 Sadbhav Infrastructure Project Limited announced that they will report Q4, 2024 results on May 20, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: ₹3.53 loss per share (vs ₹4.01 loss in 3Q 2023) Third quarter 2024 results: ₹3.53 loss per share (improved from ₹4.01 loss in 3Q 2023). Revenue: ₹2.10b (up 14% from 3Q 2023). Net loss: ₹1.24b (loss narrowed 12% from 3Q 2023). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Announcement • Jan 31
Sadbhav Infrastructure Project Limited to Report Q3, 2024 Results on Feb 08, 2024 Sadbhav Infrastructure Project Limited announced that they will report Q3, 2024 results on Feb 08, 2024 Announcement • Nov 08
Sadbhav Infrastructure Project Limited Announces Appointment of Mr. Hardik Modi as Company Secretary and Compliance Officer Effective November 7, 2023 Sadbhav Infrastructure Project Limited announced that meeting of Board of Directors of the Company held on November 7, 2023, approved appointment of Mr. Hardik Modi as Company Secretary cum Compliance Officer of the Company with effect from November 7, 2023. Brief profile: Mr. Hardik Modi is a Fellow Member of the Institute of Company Secretaries of India having membership no. F9193. He is also B. Com and LL.B and having More than 12 years Post Qualification experience in Corporate Law, Listing Regulations and Legal drafting and compliances of listed companies. He is also a Company Secretary and Compliance officer of Sadbhav Engineering Limited, a Holding Company. Reported Earnings • Nov 08
Second quarter 2024 earnings released: ₹8.52 loss per share (vs ₹10.17 loss in 2Q 2023) Second quarter 2024 results: ₹8.52 loss per share (improved from ₹10.17 loss in 2Q 2023). Revenue: ₹1.95b (up 20% from 2Q 2023). Net loss: ₹3.00b (loss narrowed 16% from 2Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Infrastructure industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Announcement • Aug 15
Sadbhav Infrastructure Project Limited, Annual General Meeting, Sep 30, 2023 Sadbhav Infrastructure Project Limited, Annual General Meeting, Sep 30, 2023. Agenda: To reappoint S G D G & Associates LLP, Chartered Accountants as Statutory Auditor of the Company. Reported Earnings • Aug 15
First quarter 2024 earnings released: ₹0.66 loss per share (vs ₹6.17 loss in 1Q 2023) First quarter 2024 results: ₹0.66 loss per share (improved from ₹6.17 loss in 1Q 2023). Revenue: ₹2.76b (down 14% from 1Q 2023). Net loss: ₹232.8m (loss narrowed 89% from 1Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Infrastructure industry in Asia. 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 03
Sadbhav Infrastructure Project Limited to Report Q1, 2024 Results on Aug 10, 2023 Sadbhav Infrastructure Project Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 30
Full year 2023 earnings released: ₹10.65 loss per share (vs ₹0.60 loss in FY 2022) Full year 2023 results: ₹10.65 loss per share (further deteriorated from ₹0.60 loss in FY 2022). Revenue: ₹10.9b (up 14% from FY 2022). Net loss: ₹3.75b (loss widened ₹3.54b from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • May 23
Sadbhav Infrastructure Project Limited to Report Q4, 2023 Results on May 27, 2023 Sadbhav Infrastructure Project Limited announced that they will report Q4, 2023 results at 4:00 PM, Indian Standard Time on May 27, 2023 Reported Earnings • Feb 16
Third quarter 2023 earnings released: ₹4.01 loss per share (vs ₹1.14 profit in 3Q 2022) Third quarter 2023 results: ₹4.01 loss per share (down from ₹1.14 profit in 3Q 2022). Revenue: ₹1.85b (down 6.6% from 3Q 2022). Net loss: ₹1.41b (down 452% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance. Announcement • Feb 15
Sadbhav Infrastructure Project Limited Announces CEO Changes Sadbhav Infrastructure Project Limited announced that at its board meeting held on February 14, 2023, Mr. Rohit Modi, Chief Executive Officer (CEO) of the company has tendered resignation from the post of CEO of the Company with immediate effect. Mr. Rohit Modi has been appointed as Group CEO of the Sadbhav Group of Companies including Sadbhav Infrastructure Project Limited (SIPL) with immediate effect. Announcement • Feb 05
Sadbhav Infrastructure Project Limited to Report Q3, 2023 Results on Feb 14, 2023 Sadbhav Infrastructure Project Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: ₹10.17 loss per share (vs ₹2.94 loss in 2Q 2022) Second quarter 2023 results: ₹10.17 loss per share (further deteriorated from ₹2.94 loss in 2Q 2022). Revenue: ₹2.33b (up 3.8% from 2Q 2022). Net loss: ₹3.58b (loss widened 246% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 52% per year whereas the company’s share price has fallen by 50% per year. 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. 1 experienced director. 5 highly experienced directors. Independent & Non-Executive Director Daksha Shah was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 11
First quarter 2023 earnings released: ₹6.17 loss per share (vs ₹3.78 loss in 1Q 2022) First quarter 2023 results: ₹6.17 loss per share (down from ₹3.78 loss in 1Q 2022). Revenue: ₹3.92b (up 101% from 1Q 2022). Net loss: ₹2.18b (loss widened 64% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 31
Full year 2022 earnings released: ₹0.58 loss per share (vs ₹7.90 loss in FY 2021) Full year 2022 results: ₹0.58 loss per share (up from ₹7.90 loss in FY 2021). Revenue: ₹18.4b (up 43% from FY 2021). Net loss: ₹210.2m (loss narrowed 92% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than 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. 2 experienced directors. 4 highly experienced directors. Independent & Non-Executive Director Daksha Shah was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: ₹1.14 (up from ₹1.60 loss in 3Q 2021). Revenue: ₹2.92b (down 13% from 3Q 2021). Net income: ₹402.1m (up ₹967.2m from 3Q 2021). Profit margin: 14% (up from net loss in 3Q 2021). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 26%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 15
Second quarter 2022 earnings released: ₹2.94 loss per share (vs ₹1.87 loss in 2Q 2021) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: ₹3.15b (up 11% from 2Q 2021). Net loss: ₹1.04b (loss widened 58% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
First quarter 2022 earnings released: ₹3.78 loss per share (vs ₹2.75 loss in 1Q 2021) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: ₹2.87b (up 13% from 1Q 2021). Net loss: ₹1.33b (loss widened 37% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 03
Full year 2021 earnings released: ₹7.90 loss per share (vs ₹29.35 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: ₹12.8b (down 44% from FY 2020). Net loss: ₹2.78b (down 127% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 12
Third quarter 2021 earnings released: ₹1.60 loss per share (vs ₹3.32 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: ₹3.37b (down 33% from 3Q 2020). Net loss: ₹565.0m (loss narrowed 52% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 12
New 90-day high: ₹25.50 The company is up 64% from its price of ₹15.55 on 14 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 50% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: ₹22.30 The company is up 22% from its price of ₹18.35 on 04 September 2020. The Indian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 21% over the same period. Reported Earnings • Nov 12
Second quarter 2021 earnings released: ₹1.87 loss per share The company reported a soft second quarter result with weaker revenues and control over expenses, though losses reduced. Second quarter 2021 results: Revenue: ₹3.61b (down 39% from 2Q 2020). Net loss: ₹657.0m (loss narrowed 1.8% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 07
New 90-day low: ₹15.90 The company is down 3.0% from its price of ₹16.40 on 07 August 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 13% over the same period. Is New 90 Day High Low • Oct 17
New 90-day low: ₹15.95 The company is down 10.0% from its price of ₹17.80 on 17 July 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 11% over the same period.