Event Type: The document is the transcript of a post-results earnings conference call and investor interaction for Q2 FY27, hosted by ICICI Securities Limited.
Date and Time: The conference call was held on October 30, 2026. A specific time was not mentioned in the provided transcript.
Purpose: The call was held to discuss the company's Unaudited Financial Results for the quarter ended September 30, 2026.
Management Participants: The management participants included Mr. Sharan Bansal (Director), Mr. Shiv Shankar Gupta (Chief Financial Officer), and Mr. Aditya Dujari (Executive Vice President, Finance and Head, Investor Relations). The call was moderated by Mr. Navin Sahadeo from ICICI Securities.
Financial Period Discussed: The discussion centered on the Q2 FY27 (Quarter ended September 30, 2026) and H1 FY27 results.
Forward-Looking Statements: The management provided revenue growth guidance for FY27, expecting to achieve approximately 15% growth (with a worst-case scenario of 13-14% due to geopolitical and shipping challenges). The company's long-term aspirational EBITDA margin target is 12%. The order inflow guidance for FY27 is maintained at INR 7,500 crore.
Strategic Themes: Key themes discussed included significant diversification of the export order book towards developed markets (US, Australia), a record total order book providing strong visibility, ongoing capacity expansion, and a strengthened balance sheet following a preferential equity raise.
Additional Notes Section
The transcript was submitted to the exchanges as a regulatory disclosure in compliance with SEBI LODR Regulations.
The document is an enclosure to a formal letter from the Company Secretary, Anu Singh, dated November 5, 2026.
The transcript contains extensive financial data disclosed during the call, including revenue, EBITDA, PAT, order book figures, and margin discussions.
