Ramky Infrastructure earnings calls.

Ramky Infrastructure reported Q2 FY26 with a 9,200 crore order bookCurrent 9,200 crore order book. Reported change: +36 months visibility. providing ~36 months revenue visibility. Revenue declined sequentially due to large annuity projects nearing completion while new large projects remain in engineering phase—management expects revenue acceleration in H2FY26 with ~1,600 croreCurrent reported value: ~1,600 crore. No comparable prior figure is available in the source record. execution. EBITDA margins contracted to 17.5%Current reported value: 17.5%. No comparable prior figure is available in the source record. in Q2 FY26 (ex-other income) versus 24.4%Current reported value: 24.4%. No comparable prior figure is available in the source record. a year ago, as higher-margin completed projects were replaced by lower-margin early-stage execution. The company targets 21-22% EBITDA marginsCurrent reported value: 21-22% EBITDA margins. No comparable prior figure is available in the source record. on sustainable annual basis. Two L1 positions valued at 2,000+ croreCurrent 2,000+ crore. Reported change: Expected Q4 conversion. expected to convert in Q4. International expansion into Middle East and Africa is underway for water/wastewater projects. Key risks include ongoing arbitration for Srinagar-Banihal road claimsCurrent reported value: Srinagar-Banihal road claims. No comparable prior figure is available in the source record. and 240-acre Farm City assetCurrent reported value: 240-acre Farm City asset. No comparable prior figure is available in the source record. remaining under court attachment, limiting monetization flexibility.