FY26 EBITDA margin guidance of 9-9.2%
Management reiterated EBITDA margin guidance of 9-9.2% for FY26, despite Q1 margin of 8.4%, expecting improvement from better fixed cost absorption.
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FY26 order bookings target of $1 billion
Targeting cumulative order bookings of $1 billion in FY26, with Q1 contributing $176 million and expecting acceleration in subsequent quarters.
Backlog to reach $700 million by FY26 end
Expect backlog to exit FY26 at approximately $700 million, up from $518 million at Q1 end, driven by large deal wins.
Revenue to grow 15-20% sequentially from Q2
Expect sequential revenue growth of 15-20% from Q2 onwards, with potential for higher growth in H2 as backlog converts.
FY26 revenue guidance revised to ₹6,325-6,375 crore
Revenue guidance lowered from ₹6,750-7,000 crore due to supply chain delays; EBITDA guidance set at ₹555-575 crore and PAT at ₹220-230 crore.
Order backlog to exceed $800 million by March 2026
Backlog expected to reach ~$800 million, up from earlier estimate of $700 million, driven by incremental orders in Q4.
Acquisition of 2S Technology to add ₹500 crore revenue in FY27
Brazilian acquisition expected to close by end of FY26, contributing ₹500 crore revenue in FY27 with EBITDA run rate of ₹50 crore post-integration.
Target EBITDA margin of 10%
Management targets moving EBITDA margin to 10% over time, supported by scale and operational efficiencies.