Date and Time: Held on Friday, 31st July 2026. Specific time not mentioned in the transcript.
Purpose: Discussion of Q1 FY27 financial results and business updates.
Management Participants: Mr. Sanjai Kumar (Chairman and Managing Director), Mr. V. Rama Manohara Rao (Director, Finance), Mr. Manoj Tandon (Director, Project, Operations and Maintenance), Mr. Yashpal Singh Tomar (Director, Network Planning and Marketing). Moderated by Mr. Vishal Periwal from PL Capital.
Financial Period Discussed: Q1 FY27 (quarter ending 30th June 2026).
Key Financial Highlights:
Operating revenue: INR893 crores (20% YoY growth from INR744 crores in Q1 FY26)
Total revenue: INR910 crores (vs INR758 crores in Q1 FY26)
Profit before tax and exceptional items: INR96 crores (12% YoY growth from INR86 crores)
Profit before tax: INR89 crores; Profit after tax: INR66 crores
Orders received in quarter: INR1,688 crores (vs INR721 crores YoY)
Order book position: INR11,747 crores as on date (23.5% from railway segment)
Forward-looking Statements:
Anticipated project revenue for FY27: ~INR3,500 crores
Maintains 25% annual revenue growth outlook
Data center expansion: 10-megawatt facility in Noida expected by May 2027
Kavach revenue recognition expected to begin in FY27
Compliance: Transcript submitted to exchanges as regulatory disclosure. No indication of UPSI sharing in the document.
Additional Notes Section
Attachments: The document references the transcript of the conference call as an attachment.
Financial Data: Extensive financial data was disclosed during the call and included in this transcript.
Operational Details: The transcript includes detailed Q&A session covering Kavach project status, margin outlook, data center business, international expansion, and AI initiatives.
