The document is a transcript of an earnings conference call held on Monday, August 10, 2026, discussing the company's operational and financial performance for the first quarter (Q1) ended June 30, 2026 (FY27).
The call was hosted by management including Mr. Rohit Katyal (Executive Chairman), Mr. Rajesh Das (CFO), Mr. Alok Mehrotra (Executive Director, Finance), Mr. Nishith Pujary (Executive Director, Accounts and Tax), and the Investor Relations team from Marathon Capital.
The purpose was to discuss Q1 FY27 results and provide a business update, with the presentation and press release previously uploaded on stock exchanges and the company's website.
Management confirmed that no unpublished price sensitive information (UPSI) would be shared during the call, as stated in the standard disclaimer about forward-looking statements.
Financial Highlights Discussed
Revenue: Q1 FY27 stood at INR629 crores, up 7% YoY from INR589 crores in Q1 FY26.
EBITDA: Q1 FY27 stood at INR99 crores, down 3% YoY from INR102 crores. EBITDA margin was 15.7% vs. 17.2% in Q1 FY26.
EBIT: Q1 FY27 stood at INR80 crores, down 8% YoY from INR87 crores. EBIT margin was 12.5%.
PAT: Q1 FY27 stood at INR40 crores, down from INR47 crores YoY. PAT margin was 6.2%.
Key Impact: Financial metrics were impacted by an additional provision of INR10 crores due to commodity price volatility (non-ferrous metals like aluminum and copper) where inflation indexes have not yet reflected actual cost increases.
Operational & Strategic Updates
Order Book: Stood at INR13,535 crores as of June 30, 2026, with 55% from public sector and 45% from private sector.
Order Inflow Target: FY27 target is INR4,500-5,000 crores. Orders booked so far in FY27 stand at INR1,071 crores.
Pipeline: Strong identified pipeline of INR22,000 crores in public sector and INR5,000 crores in private sector for bidding in Q2 and Q3.
Promoter Pledge: Reduced from 85.5 lakh shares (absolute) as of March 31, 2026, to 50 lakh shares currently. Target is full release by end of FY27.
Execution Challenges: Q1 impacted by workmen shortages (dipped to 50% in May, 30% shortfall in June) and delays in projects like IIT Bombay (INR550 cr contract delayed due to tree-cutting permissions). Situation has normalized post-quarter.
Revenue Guidance: Confirmed 20% YoY growth target for FY27, with expectations of stronger H2 (quarterly run rate to touch INR850+ crores).
Provision Reversal: Hopeful of reversing the INR10 crore provision (and similar INR10 crore in prior quarter) in Q3/Q4 if commodity inflation indexes catch up.
Project Updates:
MHADA BDD Worli: Total order value at JV (TCC) level is ~INR17,000 cr. 34 rehab buildings handed over (INR7,500-8,000 cr at TCC level). Capacit'e share is 35%.
CIDCO: Targeting ~INR600 cr revenue for FY27. Handover of balance land expected in Q2/Q3. Monthly revenue target of ~INR22 cr for Signature Global project.
NBCC: Billing momentum built up; expecting monthly revenue to jump from INR20 cr to INR60 cr. Profits started booking.
IIT Bombay: Execution started; expected to contribute significantly from Q2.
Debt: Gross debt at INR522 crores (increased due to temporary payment shifts). Net debt-free target in 8 quarters remains.
CapEx: FY27 target is INR193 crores (INR121 cr for aluminum extrusions/formwork, INR56 cr for plant/machinery, INR5.43 cr for IT). Q1 CapEx was INR52.2 crores.
Contract Assets: Acknowledged higher than peers but stressed improvement over years (78% of top line as of Mar'31). Targeting further reduction in working capital days.
Additional Notes Section
The transcript was enclosed as an attachment to the regulatory filing and will be hosted on the company's website www.capacite.in.
No financial data beyond what was discussed in the call transcript was disclosed in this specific announcement.
