Frog Innovations

Q1 FY27Telecom - Equipment & Accessories

Frog Innovations Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹267

Market cap₹438 Cr

Updated23 Sept 2026

Read4 min read

What the Q1 FY27 call signalled

3 of 5 strong

RevenueGood growth

MarginMargins steady

CapexCapex planned

FundraiseNo fundraise planned

Order bookOrder book rising

The short version

The company targets to surpass FY25 revenue levels (~220 crores) by FY27, aiming approximately 200 crores in top line. Frog Innovations aims to surpass its FY25 revenue levels (~₹220 crore) in FY27, targeting around ₹200 crore top line with a focus on DAS projects and CCTV sales.

From Frog Innovations's Q1 FY27 earnings-call transcript · updated 23 Sept 2026.

Revenue & Sales Performance

Good growth

The company targets to surpass FY25 revenue levels (~220 crores) by FY27, aiming approximately 200 crores in top line.
Revenue growth is expected mainly from DAS projects, with closure and delivery primarily in the second half of FY27.
Expansion into surveillance (CCTV) and AI analytics is underway, with revenues from CCTV expected around 50 crores this year.
SMT line currently supports job work but is not a major top-line contributor yet; capacity can expand with increased demand.
New business verticals like EMS and AI analytics have significant market potential and are expected to contribute to growth.

2 more points management made on revenue & sales performance

Profitability & Margins

Frog Innovations aims to surpass its FY25 revenue levels (~₹220 crore) in FY27, targeting around ₹200 crore top line with a focus on DAS projects and CCTV sales.
Margins are expected to normalize with revenue recovery, targeting EBITDA margins in the range of 15-16% similar to FY25.
The PLI scheme benefits are anticipated from FY27, primarily for the DAS segment, which could positively impact earnings, though exact figures are uncertain.
Expansion in surveillance product line, AI analytics, and EMS verticals is expected to contribute to revenue and margins in the medium term.
Senior leadership hiring suggests focus on scaling operations and accelerating growth.

2 more points management made on profitability & margins

See what Frog Innovations said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned

Frog Innovations is planning a land purchase for expansion primarily related to CCTV and EMS (Electronic Manufacturing Services) business.
The company is looking at an investment of around ₹40 crores for this land purchase.
Majority stake takeover in Vinfocom Solutions, a software solutions company specializing in AI and AI analytics for surveillance, is part of their strategic investment.
Currently, no immediate fund raising planned; will use own working limits for expansion.

2 more points management made on capital expenditure plans

Fundraising & Capital Structure

Currently, Frog Innovations Limited is not raising any funds for expansion or capacity increase.
They plan to utilize their own working capital limits, which are currently underutilized.
Fundraising might be considered in the future once the company starts fully utilizing their working capital limits.
No specific mention of the timeline or amount for future fundraising through debt or equity was provided during the call.

See what Frog Innovations said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Order book rising

Current disclosed order book is around ₹35-40 crores, mostly passive products.
For the DAS portfolio (active components), the company has visibility and ongoing deals aligning with the FY27 revenue target of ₹200 crores.
Specific order book details for active components are not disclosed publicly; the company follows a practice of sharing such details during official results announcements.
The company expects DAS project closures primarily in the second half of FY27, contributing to revenue.

2 more points management made on order book & pipeline

What Frog Innovations's management said in earlier quarters

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Frequently Asked Questions

What were Frog Innovations Q1 FY27 results?

What is Frog Innovations share price analysis?

Frog Innovations currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of N/A with a market cap of ₹438 Cr. Investors should review the full earnings analysis for detailed insights.

Is Frog Innovations planning capital expenditure?

Frog Innovations is planning a land purchase for expansion primarily related to CCTV and EMS (Electronic Manufacturing Services) business.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.