Frog Innovations FY26: A transition year as telecom slows and new verticals start

Revenue from operations in FY26 was Rs. 1,060.7 million, as per the historical profit and loss statement in the investor presentation.

EBITDA in FY26 was Rs. -15.8 million and PAT in FY26 was Rs. -15.7 million, as per the historical profit and loss statement in the investor presentation.

The investor presentation states that the executable order book stood at Rs. 360 million as of March 31, 2026.

The investor presentation states a Vision FY28 of Rs. 5,000+ million revenue and Rs. 750+ million EBITDA.

The investor presentation states the CCTV portfolio is at the STQC approval stage. In the May 22, 2026 concall, management said it expects STQC approvals by the end of the quarter (as of that date), subject to iterations.

The investor presentation states EMS commercial operations have commenced with customer onboarding and deliveries initiated. In the concall, management said FY26 contribution was modest as operations started toward year-end and that it is engaged with six to seven customers across multiple product lines.

The presentation states the company has been appointed by TRAI as a Digital Connectivity Rating Agency (DCRA), which assesses and rates buildings for digital connectivity readiness and infrastructure quality.