Indian Firm Tracks 24,000 Earnings Call Promises to See If Companies Keep Their Word

A data team has built a structured database of 24,328 forward commitments made by 1,648 Indian listed companies, drawn from over 8,000 parsed earnings-call transcripts. Each commitment — covering targets like margins, growth rates, or plant commissions — is tracked across subsequent calls to determine whether it was fulfilled, revised, or simply dropped. The team found that the hardest engineering challenge was not extracting promises from transcripts, but handling outcomes that never materialise, a state they label 'ghosted'. Their verdict system uses twelve outcome categories, and they warn that any published 'kept rate' is meaningless without explicitly stating which categories were counted. Using their own defined mapping, they calculate that 57.8% of sufficiently aged commitments were ultimately kept.