Analysts/Institutional Investor Meet/Con. Call Updates

Q1FY27 revenue surged 65% YoY to ₹853 Cr, with EBITDA up 121% to ₹55 Cr (6.42% margin) and Net Profit growing significantly to ₹18 Cr (vs ₹37 lakhs last year). A robust outstanding order book of ₹13,245 Cr (103% YoY) provides strong visibility.

Q1 inflows were ₹630 Cr, 93% from Adani Group.

Management projects FY27 revenue of ₹4,400-₹4,500 Cr and aims for 7-8% full-year EBITDA margins, expecting H2 improvement.

Focus remains on execution, capacity building, and achieving net debt-free status in 2-3 quarters.

Dharavi projects (₹3,000 Cr) are key.