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Revenue
₹293 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.
GP Eco Solutions reported FY26 revenue of ₹418.14 crore, missing the earlier guidance of ₹550-600 crore due to policy changes and raw material cost inflation that pushed ~₹150-200 crore of projects into FY27. However, the company achieved 3-4x PBT growth as guided, with manufacturing revenue share rising to 31% from 17%. The key highlight is the commissioning of the Dasna Gigafactory (3 GWh BESS capacity) in May 2026, with full capacity expected by September 2026. Management guided for 2-3x revenue growth in FY27 to ~₹1,200 crore, driven by a strong order pipeline of ₹250 crore in EPC, ₹300 crore in BESS, and ₹70 crore in inverters. EBITDA margin is expected to expand by 8-10 percentage points. Risks include working capital strain (receivable days rose to 172) and execution dependency on timely project commissioning.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects revenue to grow 2-3 times from FY26 base of ₹418.14 crore, implying ~₹1,200 crore.
- Profit before tax expected to grow 2-3 times in FY27.
- EBITDA margin expected to increase by 8-10% in FY27 from FY26 levels.
- Capital expenditure expected to exceed ₹150 crore in FY27, primarily for capacity expansion.
Risks flagged
- Receivable days increased from 95 to 172 and inventory days from 27 to 63, indicating cash flow strain.
- Management missed its earlier guidance of ₹550-600 crore revenue, achieving only ₹418.14 crore due to project delays.
- The 2-3x revenue growth target relies on timely commissioning of delayed projects and new orders, which may face similar headwinds.
- Management cited raw material cost increases and dollar fluctuations as factors affecting project costs and margins.
Key quotes
- We do not aspire to merely be a manufacturing company. We aspire to be an energy security company.
- The guidance was for approximately 550 to 600 CR in the last call but due to the policy changes and the government challenges the projects which were scheduled to be commissioned in financial year 2025-26 was postponed to financial year 26-27.
- We are one of the few best genuine best manufacturers in India because if you see the current status of all the best companies which are coming up... more than 90% of companies are getting the systems imported from China.
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