Q2-FY26 · N. R. K. R. Raju
Due to the challenging external business environment and elongated payment cycles, we have decided to withdraw the guidance for the financial year 26 and will be able to share any update by March 26.
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Q2-FY26 · N. R. K. R. Raju
If all the payments are not coming, there is no way we can continue to invest, borrow and invest, right? As an investor, that is in your ultimate interest.
Q2-FY26 · Sanjay Pusharla
The projects which are being executed other than those projects where the receivables are held up we have no problem in receiving the money.
Q3-FY26 · Nirekha Diwanji
Formally we have withdrawn the guidance for FY26. We will make all possible attempts to report whatever base that is possible for the current quarter but definitely it will be a good quarter.
Q3-FY26 · Nirekha Diwanji
The ability of the clients to make timely payment — if you do a thorough analysis, there are few signature projects that have given us very good profitability and revenue in the past, those projects have not been making timely payment.
Q3-FY26 · Nirekha Diwanji
We have to holistically look at the projects. What is the nature of the project? Value is also important but that is not the only driver. What kind of complexity? Who is the client? What is the funding in place?
Q3-FY26 · Sanjay Pusala
Whatever money we are getting from JJM, it will lead to conversion of my unbilled revenue into billing. Earlier the billing was not done because of certification and client also did not certify because payments are not being made.
Q4-FY26 · Nak Sharma
There are too many variables in the equation as we speak. The whole environment is very uncertain. So we have decided not to give any guidance for FY27. However, we will revisit this decision maybe when we will have some clarity after conclusion of the first quarter.
Q4-FY26 · RS Raju
About 74% of the contracts we have escalation clauses. But I'm not very sure whether the increase in the prices will completely get covered under the escalation clauses. There may be some impact. There is no doubt in that.
Q4-FY26 · RS Raju
We have not seen any kind of pressure from the private clients because our private clients orders comprises about 5% in the entire order book. 95% from the government.