INTEGRATED FILING — Other than Banks



General information about company

Scrip code 000000
NSE Symbol FROG
MSEI Symbol NOTLISTED
ISIN INE385O01018
Name of Company FROG CELLSAT LIMITED
Type of company SME
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 20-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 12-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Half Yearly
Reporting Quarter Yearly
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Manufacturing and installation of in-building coverage solutions and mobile network accessories for mobile service providers and operators
Start date and time of board meeting 20-May-2025   15:15:00
End date and time of board meeting 20-May-2025   16:10:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion


Financial Results — Other than Bank
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Oct-2024 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Revenue From Operations
Revenue from operations 1396326000 2193896000
Other income 956000 28371000
Total Income 1397282000 2222267000
2 Expenses
(a) Cost of materials consumed 720628000 1211789000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 35909000 3359000
(d) Employee benefit expense 97937000 185384000
(e) Finance costs 8477000 9730000
(f) Depreciation and amortisation expense 19432000 42927000
(g) Other Expenses
1 Installation expenses 126765000 224012000
2 Other Expenditure 126897000 216640000
Total other expenses 253662000 440652000
Total expenses 1136045000 1893841000
3 Profit before exceptional and extraordinary items and tax 261237000 328426000
4 Exceptional items -278000 0
5 Profit before extraordinary items and tax 260959000 328426000
6 Extraordinary items 0 0
7 Profit before tax 260959000 328426000
8 Tax Expense
Current tax 76369000 79926000
Deferred tax 2181000 12998000
Total tax expenses 78550000 92924000
9 Net Profit Loss for the period from continuing operations 182409000 235502000
10 Profit (loss) from discontinuing operations before tax 0 0
11 Tax expense of discontinuing operations 0 0
12 Net profit (loss) from discontinuing operation after tax 0 0
13 Profit (loss) for period before minority interest 182409000 235502000
14 Share of profit (loss) of associates 0 0
15 Profit (loss) of minority interest 0 0
16 Net profit (Loss) for the period 182409000 235502000
17 Details of equity share capital
Paid-up equity share capital 15528900000000 15528900000000
Face value of equity share capital 10 10
18 Reserves excluding revaluation reserve 0
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 11.79 15.22
Diluted earnings (loss) per share from continuing and discontinued operations 11.79 15.22
20 Debt equity ratio 0.0 0.0
21 Debt service coverage ratio 0.0 0.0
22 Interest service coverage ratio 0.0 0.0
23 Disclosure of notes on financial results Textual Information(1)


Text Block
Textual Information(1) Notes on Consolidated Financial Results : 1. The consolidated audited financial results for the quarter and year ended on March 31st, 2025 have been reviewed and recommended by the Audit Committee. These results were subsequently approved by the Board of Directors of the Company during their respective meetings held on May 20th, 2025. 2. The Statutory Auditors of the Company have carried out statutory audit of these results and the audited consolidated financial Results have been prepared in accordance with the recognition and measurement principles laid down in the Relevant Accounting Standard prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules thereunder and the terms of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time from time. 3. The statement of audited consolidated financial results includes the results of Frog Cellsat Limited ('the Company' or 'the Holding Company' or 'the Parent') and the following subsidiaries (Parent and Subsidiaries collectively referred as 'the Group' hereunder): Subsidiaries % of ownership as at % of ownership as at March 31st, 2025 31st March 2024 i Frog Services Private Limited 100 100 ii Frog Tele Private Limited 100 100 iii GORF UK Limited 100 100 4. The Board of Directors of company approved the Employee Stock Purchase Scheme 2023 (ESPS) during the Board Meeting held on May 28th, 2023 and same scheme was subsequently approved by members during the Annual General Meeting held on August 8th , 2023. The total ESPS compensation expenses in the year ended March 31st, 2025 amounted to Rs. 311.65 Lakhs, of which Rs. 244.10 lakhs were recognised as expenses and Rs. 67.55 lakhs were capitalised as R&D Cost. 5. The R&D Expenditure of Rs. 291.62 Lakhs have been capitalised during the year ended on March 31st, 2025. R&D Expenditure of Rs. 88.08 Lakhs have been capitalised in books in the quarter ended March 31st, 2025 based on management's judgement and based on the past experience of the company that the new products would fulfil the necessary conditions for capitalising the R&D expenditure. 6. The PLI income of Rs. 599.15 lakhs has been recognised during the year ended March 31st, 2025. The PLI income of Rs. 154.41 lakhs has been recognized in the quarter ended March 31st, 2025, based on management's judgment as the company expects to meet all the necessary conditions to receive the PLI incentive income by the year-end, including additional investment on the basis of its past experience. Therefore, the PLI incentive income for the eligible sales for the quarter and year ended March 31st, 2025, has been recognized in the books. Out of the accrued PLI income of Rs. 276.27 lakhs for FY 2023–24, approval from the DoT has been received for Rs. 247.31 lakhs, and the amount has been received. The remaining Rs. 28.96 Lakhs, related to the Design Led Incentive (DLI), has been reversed in the books due to uncertainty in receiving the amount, as the patent was not registered within the stipulated deadline, one of the conditions for availing the DLI. 7. As the Company collectively operates only in one business segment i.e. 'manufacturing and installation of in-building coverage solutions and mobile network accessories for mobile service providers and operators', hence it is reporting its results in single segment. The Company operates in a single geographical segment i.e. domestic. 8. Previous Year / Period figures have been recasted/regrouped/reclassified wherever considered necessary to make it comparable with the current period. 9. The Company received an incentive amounting to Rs. 401.80 Lakhs from the Government of Uttar Pradesh under the provisions of its U.P. ELECTRONICS MANUFACTURING POLICY - 2017. Of this total, Rs. 21.80 Lakhs has been recognised as Income under the head Interest from others. The remaining sum of Rs. 380.00 Lakhs has been applied to reduce the Written Down Value(WDV) of the corresponding assets for which the incentive was provided, with this reduction being systematically amortized over the respective assets' useful life. 10. Figures for the quarter ending March 31st, 2025 represent the difference between audited figures in respect of full financial year and the unaudited published figures for the nine month period ended December 31st, 2024. 11. No dividends were declared by the company during the year. 12. No Investor's complaints were recorded or received during the year ended March 31st, 2025. 13. The results of the company are available at the Company's website and website of stock exchange where the Equity shares of the Company are listed (www.nseindia.com).


Remarks
20 Debt equity ratio
21 Debt service coverage ratio
22 Interest service coverage ratio


Cash flow statement — indirect
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax 328426000
2 Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs 0
Adjustments for depreciation and amortisation expense 42927000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for share-based payments 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 24458000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments to profit (loss) 67385000
3 Adjustments for working capital
Adjustments for decrease (increase) in inventories -83869000
Adjustments for decrease (increase) in trade receivables -482512000
Adjustments for decrease (increase) in other current assets 67112000
Adjustments for increase (decrease) in trade payables 195917000
Adjustments for increase (decrease) in other current liabilities -17146000
Adjustments for provisions -46369000
Total adjustments for working capital -366867000
Total adjustments for reconcile profit (loss) -299482000
Net cash flows from (used in) operations 28944000
Dividends received -2000
Interest paid -7313000
Interest received -2649000
Income taxes paid (refund) 54200000
Other inflows (outflows) of cash 2000
Net cash flows from (used in) operating activities before extraordinary items -20592000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities -20592000
4 Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property plant and equipment 29000
Purchase of property plant and equipment 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 2000
Interest received 2649000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -74047000
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items -71367000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -71367000
Cash flows from used in financing activities
Proceeds from issuing shares 933000
Proceeds from issuing other equity instruments 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 155116000
Repayments of borrowings -6000
Dividends paid 0
Interest paid 7313000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities before extraordinary items 148742000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 148742000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 56783000
6 Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 56783000
Cash and cash equivalents cash flow statement at beginning of period 14275000
Cash and cash equivalents cash flow statement at end of period 71058000


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Equity and liabilities
1 Shareholders' funds
Share capital 155289000
Reserves and surplus 1444077000
Money received against share warrants 0
Total shareholders' funds 1599366000
2 Share application money pending allotment 0
3 Deferred government grants
4 Minority interest
5 Non-current liabilities
Long-term borrowings 111000
Deferred tax liabilities (net)
Foreign currency monetary item translation difference liability account
Other long-term liabilities
Long-term provisions 21506000
Total non-current liabilities 21617000
6 Current liabilities
Short-term borrowings 202040000
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises 121996000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 184297000
Total Trade payable 306293000
Other current liabilities 51148000
Short-term provisions 18676000
Total current liabilities 578157000
Total equity and liabilities 2199140000
Assets
1 Non-current assets
i Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment 799045000
Producing properties 0
Intangible assets 53572000
Preproducing properties 0
Property, Plant and Equipment capital work-in-progress
Intangible assets under development or work-in-progress
Total Property, Plant and Equipment and Intangible assets 852617000
ii Non-current investments 516000
v Deferred tax assets (net) 9171000
vi Foreign currency monetary item translation difference asset account
vii Long-term loans and advances 29938000
viii Other non-current assets 9698000
Total non-current assets 901940000
Current assets
Current investments 0
Inventories 318478000
Trade receivables 790760000
Cash and cash equivalents 71058000
Bank balance other than cash and cash equivalents 0
Short-term loans and advances 40476000
Other current assets 76428000
Total current assets 1297200000
Total assets 2199140000
Disclosure of notes on assets and liabilities


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Oct-2024 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments




Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Singhi Chugh & Kumar Yes 31-Aug-2027


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income
2 Total Expenditure
3 Net Profit/(Loss)
4 Earnings Per Share
5 Total Assets
6 Total Liabilities
7 Net Worth


Signatories details

Name of CEO / Managing director
Name of CFO
Name of audit committee chairman
Name of statutory auditor
Name of other signatory, if any, with designation
Place
Date