Q2 profit falls as order book reaches INR 43,836 crore

Management guided margin improvementOrder pipeline disclosedMulti-year targets disclosedCFO laid out a debt-reduction roadmapInvestor Communications View source PDF Explain this filing

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Price reaction

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AI summary

Q2 revenue was INR 2,906 crore, EBITDA INR 316 crore at 10.9%, and profit after tax INR 41 crore. H1 revenue was INR 5,633 crore and EBITDA INR 578 crore at 10.3%. H1 orders worth INR 16,000 crore lifted the order book to INR 43,836 crore; FY27 order inflow guidance remains INR 30,000 crore. Management expects stronger H2 execution and margins, but collections and higher provisions are concerns. FY28 revenue growth is targeted at 20% to 25%.

Likely market impact

Bookings support future revenue, but weak Q2 profit, higher provisions and slow collections may cap sentiment. H2 execution and advances are key.