CANARYS

What Canarys Automations promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q4 FY26

what the last two calls moved 11 tracked 2 delivered 3 missed 6 open
  • Overall Revenue Growth delivered said Q4 FY25 Promised: Around 20% growth, extrapolating past performance Q4 FY26: FY26 consolidated revenue grew 121% YoY to INR 199.7 cr, far exceeding the 20% target for the year.
  • EBITDA and PAT Margins missed said Q4 FY25 Promised: Similar to historical data (around 15.5% EBITDA) Q4 FY26: For FY26, consolidated EBITDA margin was 12.3% (INR 24.5 cr on INR 199.7 cr revenue), remaining below the historical target of ~15.5% due to integration costs and investments.
  • Fortira EBITDA Margin on track said Q2 FY26 Promised: 18%-20% in the next 1-2 years Q4 FY26: Management reiterated the timeline for margin correction, stating it will take 'about 12 to 18 months' and now targets margins 'much beyond the India margin'.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 11 tracked commitments for Canarys Automations — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens