Our unique business model enables us to serve multiple demand pools and makes us resilient across economic
cycles
Ability to scale in a capital-efficient manner.
Zetwerk OS, our proprietary technology enables end-to-end workflow management across the manufacturing
lifecycle while driving powerful network effects across our operations.
Deep relationships with customers driving higher revenue visibility and stickiness.
Ability to add value-additive ecosystem services to our manufacturing platform.
Experienced, cycle-tested management team backed by an experienced board of directors.
Comprehensive and institutionalised risk management framework with strong protection against external
risks.
The company incurred a restated loss for the period/year from continuing operations of Rs.641.29 million, Rs.8,806.65 million,
Rs.9,643.93 million, Rs.2,150.69 million and Rs.8,525.31 million for the three months periods ended June 30, 2026 and June
30, 2025 and Fiscals 2026, 2025 and 2024, respectively, and certain of its Subsidiaries have incurred losses in the past.
Any similar losses in the future may adversely affect the company's business, financial condition and cash flows.
The company relies on third-party suppliers for manufacturing and raw materials, and exposure to price volatility, capacity and
quality issues, supply disruptions, and trade and foreign exchange risks could adversely affect the company's business, financial
condition, cash flows, results of operations and prospects.
The company is dependent on the performance of the industries its customers operates in, including renewables, artificial
intelligence infrastructure, oil & gas, consumer electronics, and defence & aerospace industries, and a downturn in any
of these industries could adversely affect the company's business.
The company's revenue from operations - continuing operations from India accounted for 83.53%, 77.29%, 82.54%, 79.41% and
75.43% and its revenue from operations - continuing operations from the USA accounted for 12.77%, 20.44%, 14.33%,
19.09% and 21.54% of the company's revenue from operations - continuing operations for the three months periods ended June
30, 2026 and June 30, 2025 and Fiscals 2026, 2025 and 2024, respectively, each based on Ind AS 108 Operating
Segments. Any adverse economic or regulatory changes that negatively affect the demand for its products in India and
the USA could adversely affect the company's business, financial condition, cash flows and results of operations.
The company's top 10 suppliers contributed 40.71%, 37.59%, 38.18%, 39.59% and 36.87% of its total expenses for continuing
operations for the three months periods ended June 30, 2026 and June 30, 2025 and Fiscals 2026, 2025 and 2024,
respectively. Any disruption in the supply or quality from these suppliers could adversely affect the company's business, results of
operations, financial condition, cash flows, and reputation.
The company's statutory auditors have included certain emphasis of matters and modifications under the section "Report on Other
Legal and Regulatory Requirements" in their auditor reports in the three months periods ended June 30, 2026 and June
30, 2025 and Fiscals 2026, 2025 and 2024.
The company's top 10 customers accounted for 29.39%, 34.26%, 35.90%, 26.89% and 22.37% of its revenue from operations -
continuing operations for the three months periods ended June 30, 2026 and June 30, 2025 and Fiscals 2026, 2025 and
2024, respectively. If the company fails to retain or expand its network of customers the company's business, financial condition, cash flows
and results of operations may be adversely affected.
The company is subject to strict performance and quality requirements. Defects, perceived defects, or failures to meet customer
specifications, whether attributable to the company or its suppliers, could result in order cancellations, recalls, liability, and
reputational harm.
The company has manufacturing facilities in India, Spain, the USA and Germany. Any adverse changes in economic or
regulatory conditions affecting its supply chains in these jurisdictions could negatively affect the company's results of operations.
The company does not have firm, long-term purchase commitments with many of its customers and the company's revenue visibility, capacity
utilisation and margins may be adversely affected by order reductions, cancellations or delays.
