H2 Revenue: 10-20% increase over H1
Management expects revenue to grow 10-20% in second half compared to first half, implying FY26 revenue potentially reaching ~₹1,000 crore, supported by ₹5,000 crore order book execution.
VPRPL / guidance tracker
Keep management guidance in view.
Vishnu Prakash R Punglia · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
revenue
Margin recovery to normalized levels in H2
Management is confident of achieving 13.5% EBITDA margin (historical normalized level) in H2 as interest costs decline due to reduced borrowings and working capital normalizes with payment releases.
Payment normalization within 2-3 quarters
With Rajasthan government payments already releasing in October and state elections concluded, management expects payment cycles to normalize in 2-3 quarters, reducing working capital pressure.