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Revenue
₹325 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
EPack Prefab reported a mixed Q3 FY26. The prefab division grew 31% YoY, but consolidated revenue growth was 22% YoY, impacted by a prolonged monsoon in South India and delayed customer payments of ₹35-40 crore. The 9-month revenue growth of 41% YoY and EBITDA growth of 57% YoY remain in line with the full-year guidance of ₹1,500-1,550 crore. The order book stands at ₹1,215 crore, providing 7-8 months visibility. Management maintained its EBITDA margin guidance of 10.5-11.5% and guided for at least 20% revenue growth in FY27. Key risks include commodity price volatility (steel up 4-5% recently) and execution delays from customer-side civil works or NGT bans in Delhi NCR.
Colored figures show movement against the previous available record.
Guidance to track
- Management reiterated full-year revenue guidance of ₹1,500-1,550 crore, implying ~38% YoY growth, with 9-month growth already at 41%.
- Management maintained EBITDA margin guidance for FY26 and FY27, despite Q3 margin being slightly lower.
- Management guided for at least 20% revenue growth in FY27 over FY26, implying ~₹1,800 crore.
- New 50,000-ton capacity plant in Gujarat with capex of ₹55-60 crore to be executed in FY27.
Risks flagged
- Steel prices have risen 4-5% recently; fixed-price contracts could pressure margins if prices spike sharply.
- Prolonged monsoon and NGT ban in Delhi NCR delayed civil works, impacting Q3 revenue by ₹35-40 crore.
- Working capital days increased from 23 in Q2 to 38 in Q3 due to receivable stretch; management expects normalization to 35 days.
- Sandwich panel line expansion in Rajasthan delayed due to NGT ban; now expected commercial production in Q3 FY27.
Key quotes
- Our guidance has always been that the margins would be rangebound between 10.5 to 11.5%. And we continue to stand by this guidance not only for this year but also for the next year.
- We are the first one to be recalled whenever someone needs a fast construction and more and more people are showing their trust on us.
- Our order book to revenue cycle is 1.5. So which means 7 to 8 months is the total cycle time.
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