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Revenue
₹681 Cr
verified against source
Revenue YoY
13%
reported change
EBITDA
₹108 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Capacit'e Infra reported Q3 FY26 consolidated revenue of ₹681 crore (+13% YoY) and EBITDA of ₹108 crore (+20% YoY), with EBITDA margin expanding 70 bps to 16%. PAT declined to ₹50 crore from ₹52 crore due to lower JV profit recognition. Order inflows YTD reached ₹3,909 crore, exceeding the full-year guidance of ₹3,500 crore, and the order book stood at ₹13,188 crore. Management guided for 18-20% revenue growth in FY27, with EBITDA margins maintained at 16.5-17.5%. Key risks include execution delays from regulatory disruptions (NGT, elections) and slower-than-expected revenue recognition from the MMRDA JV.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects 18-20% revenue growth in FY27, driven by strong order book and execution ramp-up.
- Consolidated EBITDA margin guided at 16.5-17.5% for FY27, consistent with current year.
- Target to reduce working capital cycle from current 165-170 days to 90 days by September 2027.
- Expect to add ₹500-1,000 crore more orders in next 45 days, taking total to ~₹5,000 crore.
Risks flagged
- NGT orders and municipal elections caused ~1 month loss in Q3, impacting revenue by ~₹100 crore.
- Company unable to recognize its 35% share of JV revenue (~₹105 crore in Q4) due to accounting constraints, which could affect top-line growth.
- ₹54 crore of old receivables remain; recovery of ₹50 crore targeted in FY26, but legal proceedings could delay.
- New labor codes may increase compliance costs, though management sees minimal impact (₹40 lakh provided).
Key quotes
- We have lost nearly one month or so in Noida and Gurgaon and that is a very substantial number.
- Our order inflow targets worth 3500. It stands at 3909 crores... if we achieve another 1,000 crores will be close to 5,000 cr which would be about 35% over the target.
- We are committed to our clients to deliver close to 18% increase in revenue.
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