AIA Engineering Management Guidance Tracker

7 forward-looking guidance items tracked across 2 quarters.

Expansion

Q3 FY26Ghana plant expected in 1.5 yearsTracked

Land procured in Ghana, awaiting government clearances; plant expected to be operational in 1.5 years.

Q3 FY26China plant expected in 1.5-2 yearsTracked

China facility in evaluation stage; expected to be operational in 1.5-2 years.

Q4 FY26Renewable energy to cover 60-65% of power by June/JulyActive

Once the remaining renewable projects are commissioned, about 60-65% of the company's power requirements will come from renewable sources, reducing power costs.

Capex

Q3 FY26Capex for Q4 ~₹50-55 croreActive

Balance capex for FY26 expected around ₹50-55 crore in Q4, including ₹30 crore for solar hybrid capacity.

Q4 FY26Capex outflow of ₹150 crore in FY27Tracked

Total capex expected to be between ₹60-100 crore for maintenance and balancing equipment, plus ~₹30 crore to complete renewable energy projects, totaling around ₹150 crore.

Revenue

Q4 FY26Sustainable realization of ₹165/kgActive

Management indicated that the Q4 realization of ₹178/kg is not sustainable due to one-off product mix and forex gains; a normalized level of ₹165/kg should be used for modeling.

Growth

Q4 FY26No volume guidance for FY27Tracked

Management declined to provide specific volume growth guidance, citing early stage of the new solution adoption and macro uncertainty.