Transcript of Investors / Analysts Earnings Conference call held on 05th May, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Desco Infratech reported FY26 revenue of INR 118.79 crores, up 99.28% YoY, with PAT of INR 16.38 crores (up 80.87%). The revenue mix was 70% from CGD (INR 83.24 crores) and 30% from power distribution and solar EPC (INR 35.37 crores). The company guided for 70-80% YoY revenue growth for FY27 and targets INR 1,000 crores revenue by 2030. The order book stands at INR 345 crores with a pipeline of INR 650 crores. The first CBG plant (2 TPD) will commission in Q1 FY27, with plans to expand to 17-18 TPD across Gujarat and Madhya Pradesh using INR 25 crores capex. Operating cash flow remains negative at INR 18-19 crores but management expects it to turn positive in 1-2 years. Debt-to-equity was maintained at 0.2x.
Strong revenue growth of near 100% YoY demonstrates execution capability, but lower margins in the newer power/solar segment (9.5-10% vs 15.3% in CGD) and negative operating cash flow warrant caution despite management's optimistic 70-80% growth guidance for FY27.