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Earnings Call

Frog Innovations Earnings Call: Key Takeaways

Frog Innovations reported FY26 revenue of ₹1,061M with an EBITDA loss of ₹15.8M. Management is pivoting towards EMS, AI surveillance, and 5G services to drive a recovery in FY27.

Why this was an Alfa AlertNot a filter event. FY26 results represent a significant decline compared to previous years and no guidance beat occurred.
Highlights
Revenue growthFY26 Revenue: ₹1,061M; FY25: ₹2,193.9M
MarginsEBITDA margin dropped to (1.5%) in FY26
Order bookExecutable order book at ₹360 Million as of March 2026
Demand visibilityPositive momentum in DAS market with airport commissions
Management confidenceExpects FY27 to witness stronger performance

Growth

FY26 revenue fell 51.6% YoY to ₹1,061M. PAT turned into a loss of ₹15.7M from a ₹235.5M profit.

Outlook

Vision FY28 targets ₹5,000M+ revenue and ₹750M+ EBITDA. FY27 expected to show stronger operational momentum.

Risks

Moderation in telecom capex and delays in airport DAS projects impacted FY26 performance.

Source

Earnings Call filed with NSE, NSE: FROG. Summary written with AI assistance from the document.

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Frog Innovations Ltd: key numbers

Share price
₹269.65
Market cap
₹419.4 Cr
Revenue (annual)
₹106.1 Cr
Net profit (annual)
₹-1.57 Cr
P/E (TTM)
-267.9×Sector 68.0×
Promoter holding
72.54%
FII holding
0.20%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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