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CURRENTINFRAPROJECTS Infrastructure 15 May 2026

Current Infraprojects Ltd — Q4 FY26

Current Infraprojects reported a stellar FY26 with revenue surging 76% YoY to ₹160cr and EBITDA up 58% to ₹23cr, driven by a 4x jump in solar EPC revenue to ₹96cr and strong execution in utility infrastructure.

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Revenue ₹116 Cr +76%
EBITDA ₹23 Cr +58%
PAT ₹10 Cr +49%
EBITDA Margin 14%
Duration 44 min
Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Current Infraprojects reported a stellar FY26 with revenue surging 76% YoY to ₹160cr and EBITDA up 58% to ₹23cr, driven by a 4x jump in solar EPC revenue to ₹96cr and strong execution in utility infrastructure. The order book hit a record ₹305cr, with 54% from electrical utilities under the RDSS scheme, providing high visibility for FY27. Management guided for FY27 revenue of ₹200-250cr and stable margins around 14.5%. The RESCO segment contributed ₹2.9cr in inaugural revenue, with a full run-rate of ₹6cr+ expected in FY27. Key risks include negative operating cash flow due to working capital cycles and potential margin pressure from geopolitical raw material volatility.

Risks4 trackedTranscriptfull text
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Focused Modules

Claim Ledger 67% answered

Did management answer the analysts?

12 analyst questions audited, 1 evaded or deflected.

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!Risks 4 risks

Risk Intelligence

Negative operating cash flow

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Quarter Snapshot

Order Book ₹305 cr
+154% YoY

Record order book as of March 31, 2026, up from ₹120 cr in FY23, driven by RDSS and railway mandates.

Solar EPC Revenue ₹96 cr
+284% YoY

Solar EPC revenue grew 4x from ₹25 cr in FY25, now 60% of total revenue.

IPO Oversubscription 380x
N/A

IPO oversubscribed 380 times, with NII portion 640x and retail 396x.

RESCO Annual Recurring Revenue ₹6 cr+
N/A

Locked-in levelized annual revenue for 25 years from four commissioned plants.

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Guidance and risk preview

Top guidance FY27 revenue target of ₹200-250 crore

Management expects topline between ₹200-250 crore in FY27, driven by execution of the ₹305 crore order book.

Top risk Negative operating cash flow

Despite strong revenue growth, operating cash flow remained negative due to 45-60 day payment cycles and site stock holding.

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