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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹116 Cr
verified against source
Revenue YoY
76%
reported change
EBITDA
₹23 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Current Infraprojects reported a stellar FY26 with revenue surging 76% YoY to ₹160cr and EBITDA up 58% to ₹23cr, driven by a 4x jump in solar EPC revenue to ₹96cr and strong execution in utility infrastructure. The order book hit a record ₹305cr, with 54% from electrical utilities under the RDSS scheme, providing high visibility for FY27. Management guided for FY27 revenue of ₹200-250cr and stable margins around 14.5%. The RESCO segment contributed ₹2.9cr in inaugural revenue, with a full run-rate of ₹6cr+ expected in FY27. Key risks include negative operating cash flow due to working capital cycles and potential margin pressure from geopolitical raw material volatility.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects topline between ₹200-250 crore in FY27, driven by execution of the ₹305 crore order book.
- Management guided that operating margins will be almost the same as FY26's 14.5%.
- The four commissioned RESCO plants will contribute full annual revenue of over ₹6 crore in FY27, up from ₹2.9 crore in FY26.
- Management is actively bidding for battery energy storage system (BESS) projects valued around ₹15-16 crore.
Risks flagged
- Despite strong revenue growth, operating cash flow remained negative due to 45-60 day payment cycles and site stock holding.
- Geopolitical tensions led to higher gas, petrol, diesel costs, increasing galvanization and transportation expenses, pressuring margins.
- Revenue is heavily backloaded to H2 due to year-end capitalization norms, creating lumpy quarterly performance.
- Expanding into Kerala (36% of order book) and other states far from Rajasthan headquarters may strain project monitoring.
Key quotes
- Our IPO was oversubscribed nearly 380 times overall. We saw staggering participation across all investor categories led by non-institutional investors subscribing over 640 times.
- Our order book reached a record level of rupees 305 crores as on March 31st 2026 which compared to INR 120 K in the financial year 2023.
- In the last financial year, we have executed around five or maybe 7 cr rupees of the projects from these out of these 100 crores and we have received payment within 7 days.
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