Board Change • Jun 13
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. Chairman, CEO & MD Omprakash Jain is the most experienced director on the board, commencing their role in 1994. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Jun 03
Full year 2026 earnings released: EPS: ₹15.97 (vs ₹0.061 in FY 2025) Full year 2026 results: EPS: ₹15.97 (up from ₹0.061 in FY 2025). Revenue: ₹3.12b (up ₹3.08b from FY 2025). Net income: ₹224.3m (up ₹223.9m from FY 2025). Profit margin: 7.2% (up from 0.8% 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 165% per year but the company’s share price has only increased by 115% per year, which means it is significantly lagging earnings growth. New Risk • Jun 03
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Shares are highly illiquid. High level of non-cash earnings (137% accrual ratio). Minor Risk Market cap is less than US$100m (₹1.27b market cap, or US$13.2m). Tillkännagivande • May 28
Citizen Solar Limited Announces Resignation of Ravindra Jain as Director, Effective May 29, 2026 Citizen Solar Limited held a board meeting on May 28, 2026, announced resignation of Mr. Ravindra Jain from the position of Director of the Company, with effect from the close of business hours on May 29, 2026. Tillkännagivande • May 22
Citizen Solar Limited to Report Q4, 2026 Results on May 28, 2026 Citizen Solar Limited announced that they will report Q4, 2026 results on May 28, 2026 Reported Earnings • Feb 07
Third quarter 2026 earnings released: ₹0.17 loss per share (vs ₹0.02 profit in 3Q 2025) Third quarter 2026 results: ₹0.17 loss per share (down from ₹0.02 profit in 3Q 2025). Revenue: ₹900.0k (down 90% from 3Q 2025). Net loss: ₹917.0k (down ₹1.05m from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 106% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jan 30
Citizen Infoline Limited to Report Q3, 2026 Results on Feb 06, 2026 Citizen Infoline Limited announced that they will report Q3, 2026 results on Feb 06, 2026 Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹0.31 (vs ₹0.02 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.31 (up from ₹0.02 in 2Q 2025). Revenue: ₹31.0m (up 70% from 2Q 2025). Net income: ₹1.65m (up ₹1.53m from 2Q 2025). Profit margin: 5.3% (up from 0.7% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 124% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Nov 07
Citizen Infoline Limited to Report Q2, 2026 Results on Nov 12, 2025 Citizen Infoline Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Tillkännagivande • Jul 29
Citizen Infoline Limited, Annual General Meeting, Sep 12, 2025 Citizen Infoline Limited, Annual General Meeting, Sep 12, 2025, at 12:00 Indian Standard Time. Reported Earnings • Jul 29
First quarter 2026 earnings released: EPS: ₹0.05 (vs ₹0.02 in 1Q 2025) First quarter 2026 results: EPS: ₹0.05 (up from ₹0.02 in 1Q 2025). Revenue: ₹13.5m (up 71% from 1Q 2025). Net income: ₹253.0k (up 212% from 1Q 2025). Profit margin: 1.9% (up from 1.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jul 22
Citizen Infoline Limited to Report Q1, 2026 Results on Jul 28, 2025 Citizen Infoline Limited announced that they will report Q1, 2026 results on Jul 28, 2025 Reported Earnings • May 22
Full year 2025 earnings released: EPS: ₹0.06 (vs ₹0.015 in FY 2024) Full year 2025 results: EPS: ₹0.06 (up from ₹0.015 in FY 2024). Revenue: ₹44.2m (up 13% from FY 2024). Net income: ₹329.0k (up 316% from FY 2024). Profit margin: 0.7% (up from 0.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 13
Citizen Infoline Limited to Report Q4, 2025 Results on May 21, 2025 Citizen Infoline Limited announced that they will report Q4, 2025 results on May 21, 2025 Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹0.02 (vs ₹0.02 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.02 (in line with 3Q 2024). Revenue: ₹9.38m (down 28% from 3Q 2024). Net income: ₹129.0k (up 19% from 3Q 2024). Profit margin: 1.4% (up from 0.8% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 03
Citizen Infoline Limited to Report Q3, 2025 Results on Feb 10, 2025 Citizen Infoline Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Board Change • Oct 28
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. No experienced directors. 6 highly experienced directors. Independent Non-Executive Director Sandeep Jain was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 17
Second quarter 2025 earnings released: EPS: ₹0.02 (vs ₹0.02 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.02 (in line with 2Q 2024). Revenue: ₹18.9m (up 45% from 2Q 2024). Net income: ₹119.0k (up 10% from 2Q 2024). Profit margin: 0.6% (down from 0.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Oct 10
Citizen Infoline Limited to Report Q2, 2025 Results on Oct 16, 2024 Citizen Infoline Limited announced that they will report Q2, 2025 results on Oct 16, 2024 Tillkännagivande • Aug 16
Citizen Infoline Limited, Annual General Meeting, Sep 30, 2024 Citizen Infoline Limited, Annual General Meeting, Sep 30, 2024, at 12:00 Indian Standard Time. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: ₹0.02 (vs ₹0.01 in 1Q 2024) First quarter 2025 results: EPS: ₹0.02 (up from ₹0.01 in 1Q 2024). Revenue: ₹8.75m (up 31% from 1Q 2024). Net income: ₹81.0k (up 69% from 1Q 2024). Profit margin: 0.9% (up from 0.7% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Aug 07
Citizen Infoline Limited to Report Q1, 2025 Results on Aug 14, 2024 Citizen Infoline Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Reported Earnings • May 18
Full year 2024 earnings released: EPS: ₹0.01 (vs ₹0.017 in FY 2023) Full year 2024 results: EPS: ₹0.01 (down from ₹0.017 in FY 2023). Revenue: ₹43.0m (up 81% from FY 2023). Net income: ₹79.0k (down 14% from FY 2023). Profit margin: 0.2% (down from 0.4% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has increased by 96% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 11
Citizen Infoline Limited to Report Fiscal Year 2024 Results on May 16, 2024 Citizen Infoline Limited announced that they will report fiscal year 2024 results on May 16, 2024 Board Change • Apr 29
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. No experienced directors. 6 highly experienced directors. Independent Non-Executive Director Sandeep Jain was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% 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 (10% average weekly change). Revenue is less than US$1m (₹26m revenue, or US$317k). Market cap is less than US$10m (₹226.7m market cap, or US$2.72m). New Risk • Feb 09
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 7.8% 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 Earnings have declined by 0.1% per year over the past 5 years. Revenue is less than US$1m (₹22m revenue, or US$259k). Market cap is less than US$10m (₹197.9m market cap, or US$2.38m). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Tillkännagivande • Jan 30
Citizen Infoline Limited to Report Q3, 2024 Results on Feb 06, 2024 Citizen Infoline Limited announced that they will report Q3, 2024 results on Feb 06, 2024 Tillkännagivande • Oct 28
Citizen Infoline Limited to Report Q2, 2024 Results on Nov 07, 2023 Citizen Infoline Limited announced that they will report Q2, 2024 results on Nov 07, 2023 Tillkännagivande • Aug 29
Citizen Infoline Limited, Annual General Meeting, Sep 30, 2023 Citizen Infoline Limited, Annual General Meeting, Sep 30, 2023, at 12:00 Indian Standard Time. Tillkännagivande • Aug 06
Citizen Infoline Limited to Report Q1, 2024 Results on Aug 12, 2023 Citizen Infoline Limited announced that they will report Q1, 2024 results on Aug 12, 2023 New Risk • Aug 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m (₹27m revenue, or US$325k). Market cap is less than US$10m (₹144.1m market cap, or US$1.74m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Large one-off items impacting financial results. Reported Earnings • Jan 31
Third quarter 2023 earnings released: EPS: ₹0.06 (vs ₹0.16 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹0.06 (up from ₹0.16 loss in 3Q 2022). Revenue: ₹11.8m (up ₹10.4m from 3Q 2022). Net income: ₹310.0k (up ₹1.15m from 3Q 2022). Profit margin: 2.6% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 120% per year, which means it is tracking significantly ahead of earnings growth. 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. No experienced directors. 6 highly experienced directors. Independent Non-Executive Director Sandeep Jain was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 08
Citizen Infoline Limited to Report Q2, 2023 Results on Oct 14, 2022 Citizen Infoline Limited announced that they will report Q2, 2023 results on Oct 14, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings released: ₹0.02 loss per share (vs ₹0.01 profit in 1Q 2022) First quarter 2023 results: ₹0.02 loss per share (down from ₹0.01 profit in 1Q 2022). Revenue: ₹8.94m (up ₹8.25m from 1Q 2022). Net loss: ₹132.0k (down 278% from profit in 1Q 2022). 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 64% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jul 30
Citizen Infoline Limited to Report Q1, 2023 Results on Aug 06, 2022 Citizen Infoline Limited announced that they will report Q1, 2023 results at 3:30 PM, Indian Standard Time on Aug 06, 2022 Reported Earnings • May 30
Full year 2022 earnings released: ₹0.12 loss per share (vs ₹0.21 loss in FY 2021) Full year 2022 results: ₹0.12 loss per share (up from ₹0.21 loss in FY 2021). Revenue: ₹5.93m (up 7.0% from FY 2021). Net loss: ₹639.0k (loss narrowed 43% from FY 2021). 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 52% per year, which means it is well ahead of earnings. Tillkännagivande • May 26
Citizen Infoline Limited, Annual General Meeting, Jun 20, 2022 Citizen Infoline Limited, Annual General Meeting, Jun 20, 2022, at 12:00 Indian Standard Time. Location: 411, Sakar-Ii, Ellisbridge Ashram Road, Ahmedabad 380 006 Ahmedabad Gujarat India Agenda: To consider adoption of Audited Financial Statement for the year ended March 31, 2022; to consider re-appointment of Mr. Mitesh A Jainas a Director of the Company, who retires by rotation; and to consider re-appointment of Mr. Sandeep M Jain as a Director of the Company, who retires by rotation; to appoint M/s. Krutesk Patel & Associates as Statutory Auditor of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of 33rd Annual General Meeting and to fix their remuneration; and to consider other resolutions. 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 Sandeep Jain was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.16 loss per share (down from ₹0.14 profit in 3Q 2021). Revenue: ₹2.00m (up 8.2% from 3Q 2021). Net loss: ₹842.0k (down 211% from profit in 3Q 2021). Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 27% share price gain to ₹5.19, the stock trades at a trailing P/E ratio of 46.7x. Average trailing P/E is 17x in the Media industry in India. Total returns to shareholders of 133% over the past year. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹4.75, the stock trades at a trailing P/E ratio of 42.7x. Average trailing P/E is 16x in the Media industry in India. Total returns to shareholders of 16% over the past three years. Reported Earnings • Nov 03
Second quarter 2022 earnings released: ₹0.01 loss per share (vs ₹0.25 loss in 2Q 2021) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: ₹1.70m (up 69% from 2Q 2021). Net loss: ₹69.0k (loss narrowed 95% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Board Change • Nov 03
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. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Sandeep Jain was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Oct 13
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. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Sandeep Jain was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Jul 03
Full year 2021 earnings released: ₹0.21 loss per share (vs ₹0.12 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: ₹9.61m (down 35% from FY 2020). Net loss: ₹1.12m (loss widened 71% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS ₹0.14 (vs ₹0.03 in 3Q 2020) Third quarter 2021 results: Net income: ₹758.0k (up 349% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 93% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Tillkännagivande • Jan 26
Citizen Infoline Limited to Report Q3, 2021 Results on Feb 05, 2021 Citizen Infoline Limited announced that they will report Q3, 2021 results on Feb 05, 2021 Is New 90 Day High Low • Jan 05
New 90-day low: ₹2.05 The company is down 13% from its price of ₹2.35 on 06 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 5.0% over the same period. Tillkännagivande • Oct 31
Citizen Infoline Limited Announces Change in CFO Citizen Infoline Limited announced that Mrs. Alpa Mehta has resigned from the post of CFO with effect from September 30, 2020 and Mr. Ravindra Jain has replaced her as CFO of the Company with effect from October 1, 2020. Tillkännagivande • Oct 28
Citizen Infoline Limited to Report Q2, 2021 Results on Nov 05, 2020 Citizen Infoline Limited announced that they will report Q2, 2021 results on Nov 05, 2020 Tillkännagivande • Jun 21
Citizen Infoline Limited to Report Fiscal Year 2020 Results on Jun 29, 2020 Citizen Infoline Limited announced that they will report fiscal year 2020 results on Jun 29, 2020 
