India · Delayed Price · Currency is INR Power Mech Projects Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 16% year-over-year to INR 6,107 crore in FY 2026, with PAT up 18% and strong order inflow despite a major cancellation. FY 2027 guidance targets 21% revenue growth, improved margins, and INR 12,000 crore in new orders, supported by robust opportunities in power, O&M, and EPC.
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Q3 FY 2026 saw 6% revenue growth and 8% EBITDA growth year-over-year, with strong performance in power, O&M, and mining. FY 2026 revenue guidance is revised to INR 6,000 crore, with robust order inflow and margin improvement expected as mining and new energy projects ramp up.
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Q2 and H1 FY 2026 saw strong revenue and EBITDA growth, with robust order inflows and a healthy backlog. Mechanical and O&M segments led growth, while civil faced weather-related delays. FY 2026 revenue is projected at INR 6,200–6,500 crore, with stable margins and continued focus on mining, O&M, and diversification.
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Q1 FY26 saw 28% revenue growth and 48% EBITDA growth, driven by a one-off gain from riverbed mineral projects. Order backlog remains robust at INR 53,972 crore, with a strong outlook in power, O&M, and mining, despite receivable delays and regulatory headwinds in FGD projects.
Fiscal Year 2025
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Q4 and FY25 saw strong revenue and profit growth, with robust order inflows and a healthy order book. FY26 guidance targets 25% revenue growth and stable margins, with key risks from water division receivables and FGD order delays.
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Q3 FY25 saw 21% revenue growth and 39% PAT growth year-on-year, driven by strong O&M and mining segments, though margins were impacted by higher overheads. The order book remains robust at INR 57,915 crore, with FY25 revenue guidance at INR 5,000–5,200 crore and further growth expected in FY26.
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Q2 FY 2025 saw 12% YoY revenue growth and 31% PAT growth, with strong O&M and mining contributions. FY 2025 revenue guidance is 25%-30% growth, supported by a robust order book and major sector opportunities.
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Q1 FY25 saw 16% revenue growth and 18% PAT increase, with strong order inflows and a robust INR 57,793 crore backlog. FY25 revenue is guided to grow 25%-30%, with margin improvement expected as MDO ramps up and new opportunities in power, wind, and green hydrogen are pursued.