Tatva Chintan - A catalyst for growth

Compilation of guidance given my management:

Fiscal Year 2023 (FY23) Outlook:

Revenue: The company expected to exceed ₹400 crore for the full year1.
Profitability (PAT & EBITDA Margin): Management expected subdued profitability for the full year FY23 compared to FY22.

Actual: 424 cr with margin 14% (vs 25%)

Fiscal Year 2024 (FY24) Outlook:

Revenue: 20-30% for FY24.
Profitability (EBITDA Margin): EBITDA margin was expected to be 20-21%.

Actual: Minus 7% and Margin 17%

Fiscal Year 2025 (FY25) Outlook:

Revenue: Initially, 35-40%. Later, there was a downward revision to 20-25% revenue growth for FY25.
Profitability (EBITDA Margin): 20-22%

Actual: Minus 2.74% and Margin 9%

Conclusion: Co seems to overestimate guidance and revise later and finally seems underachieve by great gap.
Not invested, just studying and thought to share my study
Courtesy: Notebook LM

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