Reported Earnings • Jun 02
Full year 2026 earnings released: EPS: ₹8.35 (vs ₹6.13 in FY 2025) Full year 2026 results: EPS: ₹8.35 (up from ₹6.13 in FY 2025). Revenue: ₹9.29b (up 1.6% from FY 2025). Net income: ₹434.3m (up 36% from FY 2025). Profit margin: 4.7% (up from 3.5% in FY 2025). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. Duyuru • May 30
Donear Industries Limited Recommends Final Dividend Financial Year Ended March 31, 2026 Donear Industries Limited announced that the Board of Directors of the Company in their meeting held on May 30, 2026 recommended the Final Dividend of INR 0.20 per equity share of face value of INR 2 each for the Financial Year ended March 31, 2026, subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM) of the Company. Duyuru • May 25
Donear Industries Limited to Report Q4, 2026 Results on May 30, 2026 Donear Industries Limited announced that they will report Q4, 2026 results at 4:00 PM, Indian Standard Time on May 30, 2026 Duyuru • Feb 04
Donear Industries Limited to Report Q3, 2026 Results on Feb 09, 2026 Donear Industries Limited announced that they will report Q3, 2026 results on Feb 09, 2026 Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹95.50, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 4.5% over the past three years. Board Change • Nov 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Aniruddha Deshmukh was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Nov 05
Donear Industries Limited to Report Q2, 2026 Results on Nov 13, 2025 Donear Industries Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Duyuru • Sep 27
Donear Industries Limited Approves Dividend for the Financial Year Ended March 31, 2025 Donear Industries Limited at its 39th Annual General Meeting held on September 27, 2025, approved the declaration of dividend on equity shares, at the rate of INR 0.20 (Rupees Twenty paise only) per equity share of INR 2/- (Rupees ten only) each fully paid-up, for the financial year ended March 31, 2025. Upcoming Dividend • Sep 12
Upcoming dividend of ₹0.20 per share Eligible shareholders must have bought the stock before 19 September 2025. Payment date: 27 October 2025. Payout ratio is a comfortable 3.3% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (0.6%). Duyuru • Aug 18
Donear Industries Limited, Annual General Meeting, Sep 27, 2025 Donear Industries Limited, Annual General Meeting, Sep 27, 2025. Declared Dividend • Aug 18
Dividend of ₹0.20 announced Dividend of ₹0.20 is the same as last year. Ex-date: 19th September 2025 Payment date: 27th October 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (3% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 48% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: ₹1.69 (vs ₹1.69 in 1Q 2025) First quarter 2026 results: EPS: ₹1.69 (in line with 1Q 2025). Revenue: ₹1.97b (flat on 1Q 2025). Net income: ₹88.1m (flat on 1Q 2025). Profit margin: 4.5% (up from 4.4% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 15
Donear Industries Limited Announces Resignation of Sejal Shah as Company Secretary and Compliance Officer, Effective from August 14, 2025 Donear Industries Limited approved the resignation of Mrs. Sejal Shah, the Company Secretary and Compliance officer of the Company with effect from August 14, 2025. Duyuru • Aug 09
Donear Industries Limited to Report Q1, 2026 Results on Aug 14, 2025 Donear Industries Limited announced that they will report Q1, 2026 results at 12:08 PM, Indian Standard Time on Aug 14, 2025 Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹6.13 (vs ₹6.68 in FY 2024) Full year 2025 results: EPS: ₹6.13 (down from ₹6.68 in FY 2024). Revenue: ₹9.21b (up 15% from FY 2024). Net income: ₹318.7m (down 8.2% from FY 2024). Profit margin: 3.5% (down from 4.3% 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 8% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 22
Donear Industries Limited to Report Q4, 2025 Results on May 27, 2025 Donear Industries Limited announced that they will report Q4, 2025 results on May 27, 2025 Reported Earnings • Feb 19
Third quarter 2025 earnings released: EPS: ₹2.10 (vs ₹1.37 in 3Q 2024) Third quarter 2025 results: EPS: ₹2.10 (up from ₹1.37 in 3Q 2024). Revenue: ₹2.47b (up 20% from 3Q 2024). Net income: ₹109.0m (up 53% from 3Q 2024). Profit margin: 4.4% (up from 3.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 21% per year. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹107, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 25x in the Luxury industry in India. Total returns to shareholders of 60% over the past three years. Duyuru • Feb 10
Donear Industries Limited to Report Q3, 2025 Results on Feb 14, 2025 Donear Industries Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹124, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 29x in the Luxury industry in India. Total returns to shareholders of 76% over the past three years. New Risk • Dec 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 7.9% 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: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₹8.37b market cap, or US$98.6m). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹161, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 180% over the past three years. Duyuru • Nov 09
Donear Industries Limited to Report Q2, 2025 Results on Nov 13, 2024 Donear Industries Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Duyuru • Oct 29
Donear Industries Limited Appoints Sejal Shah as Company Secretary and Compliance Officer Donear Industries Limited informed that on the recommendation of Nomination & Remuneration Committee, the Board at its meeting held on October 28, 2024 has appointed Ms. Sejal Shah as Company Secretary and Compliance Officer of the Company w.e.f. October 28, 2024. Educational Qualification; Qualified Company Secretary ICSI, B.Com and LL.B Graduate. Work Experience; Ms. Sejal Shah has over 6 years of experience in Corporate Secretarial Affairs & Statutory Compliances. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹129, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 30x in the Luxury industry in India. Total returns to shareholders of 127% over the past three years. Upcoming Dividend • Sep 15
Upcoming dividend of ₹0.20 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 27 October 2024. Payout ratio is a comfortable 3.0% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (0.4%). Declared Dividend • Aug 31
Dividend of ₹0.20 announced Dividend of ₹0.20 is the same as last year. Ex-date: 20th September 2024 Payment date: 27th October 2024 Dividend yield will be 0.2%, which is lower than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (3% earnings payout ratio) and cash flows (2% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Aug 29
Donear Industries Limited, Annual General Meeting, Sep 27, 2024 Donear Industries Limited, Annual General Meeting, Sep 27, 2024. New Risk • Aug 14
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 8.1% 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 Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (₹6.66b market cap, or US$79.4m). Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹1.69 (vs ₹1.30 in 1Q 2024) First quarter 2025 results: EPS: ₹1.69 (up from ₹1.30 in 1Q 2024). Revenue: ₹2.01b (up 11% from 1Q 2024). Net income: ₹87.8m (up 30% from 1Q 2024). Profit margin: 4.4% (up from 3.7% 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 38% per year whereas the company’s share price has increased by 35% per year. Duyuru • Aug 07
Donear Industries Limited to Report Q1, 2025 Results on Aug 13, 2024 Donear Industries Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹123, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 27x in the Luxury industry in India. Total returns to shareholders of 184% over the past three years. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹6.67 (vs ₹6.97 in FY 2023) Full year 2024 results: EPS: ₹6.67 (down from ₹6.97 in FY 2023). Revenue: ₹8.08b (down 2.1% from FY 2023). Net income: ₹347.1m (down 4.2% from FY 2023). Profit margin: 4.3% (down from 4.4% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jun 04
Now 23% undervalued The stock has been flat over the last 90 days, currently trading at ₹99.75. The fair value is estimated to be ₹129, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • May 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.4% to ₹102. The fair value is estimated to be ₹128, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. Duyuru • May 18
Donear Industries Limited to Report Q4, 2024 Results on May 29, 2024 Donear Industries Limited announced that they will report Q4, 2024 results on May 29, 2024 Buy Or Sell Opportunity • Apr 25
Now 21% undervalued Over the last 90 days, the stock has risen 3.3% to ₹106. The fair value is estimated to be ₹133, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Apr 15
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at ₹106. The fair value is estimated to be ₹134, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Feb 29
Now 21% undervalued Over the last 90 days, the stock has risen 1.4% to ₹104. The fair value is estimated to be ₹131, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Feb 19
Now 21% undervalued Over the last 90 days, the stock has risen 8.3% to ₹104. The fair value is estimated to be ₹131, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹1.37 (vs ₹2.23 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.37 (down from ₹2.23 in 3Q 2023). Revenue: ₹2.09b (flat on 3Q 2023). Net income: ₹71.5m (down 39% from 3Q 2023). Profit margin: 3.4% (down from 5.5% in 3Q 2023). 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 47% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 03
Donear Industries Limited to Report Q3, 2024 Results on Feb 13, 2024 Donear Industries Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Duyuru • Nov 24
Future Lifestyle Reportedly Receives Two Resolution Offers Future Lifestyle Fashions Limited (NSEI:FLFL) that ran the Central and Brand Factory stores has received two resolution offers, one each from scrap dealer Space Mantra and fashion retailer Donear Industries Limited (NSEI:DONEAR), people aware of the development told ET. Lenders had rejected Space Mantra’s INR 5,500 million offer for Future Retail because it was too low. Space Mantra was the sole resolution applicant for Biyani’s company Future Retail. Donear Industries-owned textile maker GBTL had shown interest in acquiring Future Enterprises — an affiliate of FLFL — but eventually it did not submit a resolution plan. BC Jindal Group promoted Jindal (India) was the sole resolution applicant for Future Enterprises, ET reported last week. KPMG-backed resolution professional (RP) Ravi Sethia did not respond to ET’s request for comments. New Risk • Nov 22
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 9.0% 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 Interest payments are not well covered by earnings (2.7x net interest cover). Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risk Market cap is less than US$100m (₹5.49b market cap, or US$65.9m). Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: ₹0.94 (vs ₹1.83 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.94 (down from ₹1.83 in 2Q 2023). Revenue: ₹1.72b (down 23% from 2Q 2023). Net income: ₹49.1m (down 49% from 2Q 2023). Profit margin: 2.9% (down from 4.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 28
Donear Industries Limited to Report Q2, 2024 Results on Nov 08, 2023 Donear Industries Limited announced that they will report Q2, 2024 results on Nov 08, 2023 Upcoming Dividend • Sep 11
Upcoming dividend of ₹0.20 per share at 0.2% yield Eligible shareholders must have bought the stock before 18 September 2023. Payment date: 25 October 2023. Payout ratio is a comfortable 2.9% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.5%). Board Change • Aug 22
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 Govind Shrikhande was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: ₹1.30 (vs ₹1.26 in 1Q 2023) First quarter 2024 results: EPS: ₹1.30 (up from ₹1.26 in 1Q 2023). Revenue: ₹1.82b (up 2.7% from 1Q 2023). Net income: ₹67.5m (up 2.8% from 1Q 2023). Profit margin: 3.7% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 15
Donear Industries Limited, Annual General Meeting, Sep 25, 2023 Donear Industries Limited, Annual General Meeting, Sep 25, 2023. Duyuru • Aug 05
Donear Industries Limited to Report Q1, 2024 Results on Aug 14, 2023 Donear Industries Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Duyuru • May 21
Donear Industries Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023 Donear Industries Limited recommended the final dividend of INR 0.20 per equity share of face value of INR 2 each for the financial year ended March 31, 2023, subject to the approval of the shareholders at the upcoming annual general meeting of the company. Reported Earnings • May 21
Full year 2023 earnings released: EPS: ₹6.97 (vs ₹4.38 in FY 2022) Full year 2023 results: EPS: ₹6.97 (up from ₹4.38 in FY 2022). Revenue: ₹8.36b (up 47% from FY 2022). Net income: ₹362.4m (up 59% from FY 2022). Profit margin: 4.3% (up from 4.0% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Duyuru • May 13
Donear Industries Limited to Report Q4, 2023 Results on May 20, 2023 Donear Industries Limited announced that they will report Q4, 2023 results on May 20, 2023 Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹109, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 299% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹91.30, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 250% over the past three years. Reported Earnings • Feb 08
Third quarter 2023 earnings released: EPS: ₹2.23 (vs ₹2.32 in 3Q 2022) Third quarter 2023 results: EPS: ₹2.23 (down from ₹2.32 in 3Q 2022). Revenue: ₹2.12b (up 17% from 3Q 2022). Net income: ₹116.2m (down 3.7% from 3Q 2022). Profit margin: 5.5% (down from 6.6% 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 75% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 22% share price gain to ₹106, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 15x in the Luxury industry in India. Total returns to shareholders of 244% over the past three years. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 21% share price gain to ₹79.40, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 175% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 18% share price gain to ₹64.20, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 14x in the Luxury industry in India. Total returns to shareholders of 96% over the past three years. Upcoming Dividend • Sep 06
Upcoming dividend of ₹0.20 per share Eligible shareholders must have bought the stock before 13 September 2022. Payment date: 21 October 2022. Payout ratio is a comfortable 3.2% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.6%). In line with average of industry peers (0.5%). Reported Earnings • Aug 15
First quarter 2023 earnings released: EPS: ₹1.26 (vs ₹0.70 loss in 1Q 2022) First quarter 2023 results: EPS: ₹1.26 (up from ₹0.70 loss in 1Q 2022). Revenue: ₹1.78b (up 142% from 1Q 2022). Net income: ₹65.7m (up ₹102.1m from 1Q 2022). Profit margin: 3.7% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 24% per year. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 16% share price gain to ₹53.35, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 12x in the Luxury industry in India. Total returns to shareholders of 67% over the past three years. Reported Earnings • Jun 01
Full year 2022 earnings released: EPS: ₹4.38 (vs ₹1.21 loss in FY 2021) Full year 2022 results: EPS: ₹4.38 (up from ₹1.21 loss in FY 2021). Revenue: ₹5.69b (up 59% from FY 2021). Net income: ₹227.7m (up ₹290.4m from FY 2021). Profit margin: 4.0% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹2.32 (up from ₹0.28 loss in 3Q 2021). Revenue: ₹1.82b (up 52% from 3Q 2021). Net income: ₹120.6m (up ₹134.9m from 3Q 2021). Profit margin: 6.6% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Reported Earnings • Nov 18
Second quarter 2022 earnings released: EPS ₹0.74 (vs ₹0.61 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹1.43b (up 110% from 2Q 2021). Net income: ₹38.3m (up ₹69.8m from 2Q 2021). Profit margin: 2.7% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
First quarter 2022 earnings released: ₹0.70 loss per share (vs ₹1.16 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: ₹733.2m (up 256% from 1Q 2021). Net loss: ₹36.4m (loss narrowed 40% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Board Change • Aug 18
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 Govind Shrikhande was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Aug 18
Non-Executive Independent Director Santanu Mukherjee has left the company On the 12th of August, Santanu Mukherjee's tenure as Non-Executive Independent Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under Santanu's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Jun 25
Full year 2021 earnings released: ₹1.21 loss per share (vs ₹2.30 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: ₹3.58b (down 35% from FY 2020). Net loss: ₹62.7m (down 153% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 12
Third quarter 2021 earnings released: ₹0.28 loss per share (vs ₹1.17 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: ₹1.21b (down 21% from 3Q 2020). Net loss: ₹14.3m (down 124% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.