CURRENTINFRAPROJECTS / Q4-FY26 / claim-ledger

Audit the questions that mattered.

Current Infraprojects · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ4-FY26 · 2026-05-15Back to quarter ↗

Questions audited

12

Answered directly

67%

Numeric claims

6

Consistency

mixed

Question ledger

What was answered, and how?

Sha Sharma · Research desk

direct

Why RESCO revenue is 2.9K vs 6 cr annual run rate?

the last financial year 25th 26th was the year in which these all four plants was commissioned. One was in the April, one was in the September and onwards. So the last year was the uh partial year of getting revenues from these all four plants. So in the future year 26 27 you will see the complete revenues in your books.

Aran Amera · Research desk

partial

Why operating cash flow negative despite revenue and profit growth?

in the contracting field uh our payment cycle are around 45 to 60 days and around 1 to two month stock are in the site. So our working cable requirement also increase due to delay of payment from the client and who stock at the site and all those impact are result in the or case fl negative.

Sahil Gupta · Research desk

direct

How will IPO proceeds be deployed? BESS or working capital?

we have clearly mentioned that 30 crores will be used in the working capital cycle and 5.85 crores will be used as an investment in the subsidiaries and remaining amount will be for the general corporate purposes. So according to that we have already submitted a certificate of consumptions also.

Nidhi Matu · Research desk

direct

Details on Kerala projects, counterparties, and execution risk.

we have three four kind of works uh in that. One is the electricality shifting. Second one is the water shifting. Third one is the highway lighting works and a small project of toll plaza building construction. ... client name one is a shala construction company limited another one is a KCC.

Priyanka · TIC

direct

Why revenue heavily backloaded in H2? Will seasonality continue?

every work which is under progress needs to be capitalized on 31st March till the quantum of work completed. However during the year generally the capitalization is done on the uh basis of milestones. So 31st March is generally a time where we can capitalize the work completed till that date.

Priyanchu Gupta · Research desk

partial

Why electrical contracts share jumped back to 54%? Has solar growth peaked?

we have currently we have a lot of orders in the pipeline like we have bidded for a lot of tenders in solar sector which are yet to be materialized ... we have bidded uh very aggressively in those and I think there are around around 200 cr worth of solar tenders plus best tenders which we have already bidded for and we are awaiting the results of them.

Neha · Research desk

evasive

Quantify commodity pressure impact on margins and steps to insulate.

the war scenarios or the geopolitical conditions was uh there from December Jan January, February onwards the major impact is for that period only. ... maximum things was covered under uh the fixed rate contracts uh basis. However, for the impact on the increased price, we are looking forward for the price variations from the government on the government projects

Shrea Singh · Research desk

direct

Milestones for 100 cr Jaipur/Jodhpur discom mandates and payment risk.

these are the RDSS contracts and these has been funded by the central governments. So the risk of getting payments the delayed payments from the state governments is not here and in RDSS if you will see the payment cycle and getting payment within 7 days after raising the bills.

Ojasi Ma · Research desk

partial

Bifurcation of revenue between B2B and B2G and gross margins.

In the FI26 our B2B revenue are around 15% and remaining are B2C B2 B2G are 15% and B2B are 85% of around

Ojasi Ma · Research desk

partial

Order book execution timeline and repeat customer percentage.

the maximum uh turnover will be captured in this financial year only because uh these projects are having completion period of another 12 months. So we are expecting a maximum revenue from these uh all all these projects within this financial trans one day.

Neha · Research desk

partial

When and how much price variation will be realized for government projects?

for aluminium and copper we are expecting to get a PV of around uh 15 to 25% depending on the time because every month the immens will change and for the uh MS material maybe around 5 to 10%

Aniket Madwani · Research desk

partial

Guidance for FY27 topline and operating margins, and BESS project status.

the top line what we are expecting is around 200 or 250 K for this initially 27 and again the operating margins will be almost same. ... best projects are under pipeline for us