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Earnings Call

Frog Innovations Earnings Call: Key Takeaways

Frog Innovations focuses on recovering from a weak FY26 by targeting FY27 revenue of ₹220 Cr. Growth is pivoted toward Surveillance (CCTV) and EMS, shifting from legacy DAS business.

Why this was an Alfa AlertManagement guides 108% Revenue growth for FY27 (explicit single-year guidance).
Guidance and delivery
Management target Revenue 107.5% FY27
Highlights
Revenue growthFY27 target ₹220 Cr vs FY26 actual ₹106 Cr.
MarginsTargeting 15-16% EBITDA margins as revenue scales back.
Order bookCurrent order book ₹35-40 Cr, mostly passive products.
Demand visibilityStrong visibility in DAS projects and new CCTV/AI analytics.
Management confidenceOptimistic but defensive regarding regulatory and STQC timelines.

Growth

FY26 revenue dropped to ₹106 Cr from ₹220 Cr due to operator-infra provider rent disputes.

Outlook

Targeting ₹220 Cr Revenue in FY27. Expecting ₹50 Cr from new CCTV vertical.

Risks

STQC approval delays for CCTV and Middle East geopolitical impacts on mobile operators remain key threats.

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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