Frog Cellsat Limited — Investor Meet, 27-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Frog Cellsat reported FY25 revenue of INR 219.4 Cr (+39% YoY), with adjusted EBITDA up 73% and PAT rising 52%; EBITDA margin expanded to 16.1%. OneDAS solutions contributed ~50% of revenue, driven by domestic projects, with European and African expansion planned but no FY26 revenue expected. The OneDAS order pipeline targets INR 140-150 Cr next year. A new SMT line soon to operate is expected to add INR 60-70 Cr from CCTV, SFP, and ONT products. Stable base business and order book of INR 71 Cr mainly from network accessories support growth. Management is optimistic about DAS growth, interference mitigation, and infrastructure upgrades driving 30% revenue growth and >15% EBITDA margin in FY26.