1. International business to contribute \~20-25% of revenue in FY27 On track - At the Q1 FY27 call, management guided expecting \~20-25% of business to come from international business this year (FY27). FY26 already saw \~25% of business from Mozambique (\~₹10 Cr out of ₹40.1 Cr), placing the prior year near the guided range.
2. Receivable timeline to reduce to near 100-120 days Pending - At the Q1 FY27 call, management stated they anticipate receivable timeline to become near to 100-120 days later on, with the current timeline at \~180-200 days. No further disclosure on receivable days or a specific deadline has been made in the record.
3. Majority of remaining IPO proceeds (₹21.12 Cr) earmarked for drones, survey equipment and working capital Partial - At the Q4 FY26 call, management guided that the majority of the remaining IPO proceeds (₹21.12 Cr) is earmarked for drones, survey equipment and working capital, with original objects scheduled for completion by March 31, 2026. As of March 31, 2026, ₹21.12 Cr remained unutilised, with only ₹0.72 Cr deployed on drones and ₹0.30 Cr on survey equipment against the ₹10.05 Cr deployed on working capital.
4. Secure geospatial platforms - planned FY28 product launch Pending - At the Q4 FY26 call, management guided a planned FY28 product launch for secure geospatial platforms, covering air-gapped and secure cloud GIS environments for multi-agency defence collaboration. FY28 has not arrived, and no further disclosure on development progress exists in the record.
5. Projected gross margins for future software platforms Pending - At the Q4 FY26 call, management guided projected gross margins for future software platforms: Progress Platform 70.0%-80.0%, Geoinsighter Enterprise 75.0%-85.0%, Geoinsighter AI 80.0%-90.0%, Mine Insighter 70.0%-80.0%. The Q1 FY27 call noted platform building will take at least six months to one year, with an enterprise model sold to an African client, but no margin figures have been disclosed.
6. R&D budget of ₹3-5 Cr over three years with 15-25 technology professionals Pending - At the Q4 FY26 call, management guided an R&D budget of ₹3-5 Cr over three years, representing 5-8% of standalone revenues, with 15-25 technology professionals. No disclosed R&D spend or headcount figures exist in the record for the period since the promise was made, with the three-year horizon running to approximately FY29.
7. Annual revenue of ₹500 crore within the next five years Pending - At the Q4 FY26 call, management guided a target of annual revenue of ₹500 crore within the next five years, driven by a revenue CAGR of >50%, and reiterated this at the Q1 FY27 call. FY26 revenue was ₹40.10 Cr, and the five-year window runs to approximately FY31 with no read yet on progress.
8. FY27E operating revenue of ₹65 Cr with 25%+ PAT margins On track - At the Q4 FY26 call, management guided FY27E operating revenue target of ₹65 Cr with 25%+ PAT margins, and reiterated this at the Q1 FY27 call as \~INR 65 crores with YoY growth of \~60-65%. FY26 operating revenue was ₹40.10 Cr with PAT margin of 25.06%, and the Q1 FY27 call confirmed an order book of \~₹18 Cr and active bid pipeline of \~₹32 Cr.