FY26 topline growth of 25-30%
Management reiterated guidance for 25-30% revenue growth for FY26, with H1 already at ₹277 crore (32.1% YoY).
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EBITDA margin sustainability around 36%
Management expects to sustain current EBITDA margin levels, with potential improvement from operating leverage as new facilities stabilize.
Capex deployment of ₹700 crore QIP proceeds
Approximately ₹213 crore deployed so far; asset turnover target of 1.7-1.8x, progressively moving to 2x.
New facility stabilization by FY26-end
Phase 1 of new facilities to be completed over next 12 months; revenue contribution expected in H2 FY26.
Revenue growth of 25%+ for FY27
Management reiterated guidance of approximately 25%+ topline growth for the current financial year, driven by ramp-up of new facilities and qualified products.
Working capital normalization to 160-170 days by H2 FY27
Management guided that inventory days will reduce to around 200 days in H1 FY27 and further to 160-170 days in H2 FY27 as new plants ramp up.
Balance four dedicated facilities to be commissioned in FY27
The remaining four of the eight planned dedicated facilities will be commissioned during FY27, with civil work and ramp-up ongoing.
Oil & gas segment to contribute materially in FY27
With the Baker Hughes facility inaugurated in April 2026, oil & gas revenue is expected to ramp up and become a material contributor in FY27.