India | 21st May 2025: Frog Cellsat Limited (herein referred to as “FCL”), a prominent manufacturer of telecom equipment, providing cutting-edge solutions like RF Repeaters, Active DAS, In-building coverage solutions, Interference Mitigation Systems, etc. for more than 20 years, announced its audited financial results for the quarter and full year ended 31st March 2025.
Speaking about the performance and recent updates, Mr. Konark Trivedi, Founder & Managing Director, said: “We are delighted to report a remarkable financial performance in FY25, marked by significant growth across all key metrics. We reported our highest-ever Revenue of INR 2,193.9 Million, reflecting a robust 39.1% YoY growth. Additionally, Adjusted EBITDA (adjusted for ESPS cost) and PAT surged by 72.6% and 51.7% respectively. The growth has surpassed our earlier guidance of 30% growth in Revenue.
Our ongoing success in increasing the adoption of our products & services, coupled with the successful execution of four major DAS projects – Noida International Airport, Chhatrapati Shivaji Maharaj Mumbai International Airport, Navi Mumbai International Airport, and Guwahati Airport, have significantly contributed to our performance during the year.
With the anticipated increase in number of airports from 157 in 2024 to 350-400 by 2047, along with renovation and upgradation of existing airports, we foresee a substantial opportunity for the future deployment of DAS solutions. Further, our ongoing investment in SMT line and CCTV business is expected to significantly expand our growth trajectory. We are also broadening our horizons by expanding our footprints in the African and European markets for our DAS and Repeaters business. Our objective is to capture a share of the global DAS market, which exceeds
$1 billion (as per Mobile Experts, Inc’s In-Building Wireless 2024 Report) where our expertise in designing and implementing in-building coverage solutions provides us with a competitive edge.
In terms of operational parameters, we have exhibited robust operational efficiencies, effective cost optimization and the successful execution of high margin contracts. These efforts have led to an expansion of 314 bps YoY in EBITDA margin, reaching 16.1% in FY25, thereby surpassing our previously guided benchmark of 15%.
Looking ahead, we are optimistic about our future prospects as we strive to maintain our leadership in the telecommunications sector, especially driven by technological advancements, increasing digital adoption, and supportive government policies. Our innovative solutions, such as Active DAS and Noise Shield, strategically position us to leverage these emerging opportunities. With an order book of approximately INR 710 Million as on 31st March 2025 and continuous addition of new products in the portfolio, we are poised for sustained growth and continued prominence in the industry.”