FROG Frog Cellsat Q2 FY26 results (Jul–Sep 2025) and concall
Frog Innovations Limited (formerly Frog Cellsat) held a business update call discussing its strategic repositioning into broader technology domains including CCTV, AI analytics, and EMS. While new initiatives like AI EYE and DCRA appointment show promise, the company anticipates significant revenue degrowth for FY26 due to a slowdown in its traditional DAS business and operator capex. Management is focused on building new revenue streams to achieve its FY28 revenue target of INR 500 crores.
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What they filed
Q2 FY26: revenue up 53.0%, net profit down 142.7% against the same quarter last year.
| Line item | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q2 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 45 | 44 | 36 | 80 | 91 +104% | 140 +215% | 55 +53% |
| EBITDA | 5 | 7 | 4 | 6 | 22 +387% | 29 +345% | 1 −75% |
| Net profit | 3 | 7 | 2 | 5 | 16 +451% | 18 +173% | -1 −143% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
