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What PWL management said they would do

PWL management's promises, guidance and forward-looking statements, gathered from investor presentations and earnings calls.

22 forward-looking statements across 2 occasions, quoted from filings. 1 quarters have been filed since the earliest.

River doesn't say whether any of these were kept. That reading is yours.

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Across the whole exchange in October 2026, companies announced ₹12,583 Cr of orders — 94 filings from 68 companies.

August 2026

earnings callnothing filed since

“on an average 5% to 7% improvement every year in terms of overall utilization”

no horizon givenshare this one

“steady-state margin is 13% to 15% which we are delivering in our '23-'24 centers”

no horizon givenshare this one

“the annual guidance was 30% revenue improvement and 100% EBITDA improvement remains the same.”

FY27share this one

“probably in a quarter timeline we will be able to achieve this divestment”

next quartershare this one

“by next quarter we will roll it out to our students”

next quartershare this one

“still this year Curious Junior online business will become break-even”

FY27share this one

“new centers planning would probably get decided over the next 2 quarters”

next two quartersshare this one

“student-teacher ratio, which used to be in 80s, will become will become higher this year”

FY27share this one

“we are committed to achieve near profitability of our blended offline business”

FY27share this one

“our clear path to profitability of a steady state of 13% to 15% will largely come in from an ARPU play and improving the outcomes”

no horizon givenshare this one

source filing

June 2026

earnings call1 quarter since

“we will be going 100% asset-light in this direction. And there will be no capital allocation for M&A in terms of K-12 domain”

no horizon givenshare this one

“we will grow revenue at a more than 30% rate for FY27, and upwards of 100% would be our EBITDA improvement is what we are guiding to the market at this point of time”

FY27share this one

“we took this strategic call to deploy no further capital and to go 100% asset-light”

no horizon givenshare this one

“13% to 15%, Garima, is what our the current business model we have factored in”

no horizon givenshare this one

“currently we are at seat utilization as a metric at 2 at a company level, like total number of students divided by total number of seats, which is going to improve by 2.23, in upcoming years”

no horizon givenshare this one

“Aryabhatta 2.0 is coming, which is getting trained on 20 billion parameters”

no horizon givenshare this one

“we are planning a investor day also in upcoming months”

next few monthsshare this one

“we remain committed for full-year PAT profitability for FY27”

FY27share this one

“we are highly optimistic of breaking even across all our offline business in FY27”

FY27share this one

“Our endeavor for the next three years is to ensure our online business contributes 55% of overall revenues”

next three yearsshare this one

“with ambition of at least reducing this cost by 20% over the next three years, largely due to the impact of scale and efficiencies of spends”

next three yearsshare this one

“this year we are planning to launch Socratic AI Tutor as well”

FY27share this one

source filing

What PWL has filed since

Q1 FY27₹1163 Cr income · ₹-84 Cr operating

Hold PWL? Write down why, and River brings it back when the next filing lands.

You had a reason for buying it. Nobody has put that reason back in front of you since — not after the results, not after the call.

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What other management teams have said

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Quoted from filings published by the National Stock Exchange of India. River is not an investment adviser and does not give investment advice.