FROG Frog Cellsat Q4 FY26 results (Jan–Mar 2026) and concall
Frog Innovations reported a challenging FY26 with negative EBITDA and consolidated revenue of INR 51 crores, impacted by telecom capex moderation and DAS business slowdown. However, the company is diversifying into new growth engines like EMS, AI-powered surveillance, and DCRA services, with an order book of INR 37-38 crores for FY27. Management is confident in achieving an INR 500 crores revenue target for FY27, driven by new initiatives and a revival in the DAS segment.
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What they filed
Q4 FY26: revenue down 36.3%, net profit down 120.0% against the same quarter last year.
| Line item | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 45 | 44 | 36 | 80 | 91 +104% | 140 +215% | 55 +53% | 51 −36% |
| EBITDA | 5 | 7 | 4 | 6 | 22 +387% | 29 +345% | 1 −75% | -2 −133% |
| Net profit | 3 | 7 | 2 | 5 | 16 +451% | 18 +173% | -1 −143% | -1 −120% |
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.
