Q2 FY27 transcript: INR12,481 crore order book and second-half growth outlook

Management guided margin improvementManagement guided margin pressureOrder pipeline disclosedCFO laid out a debt-reduction roadmapInvestor Communications View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-3.9%Reaction day

₹148.40

prior close

₹141.69

announcement price

In-mkt

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Nifty Microcap 250market-2.3%-1.6% vs market

Civil Construction peers, median of 93sector-2.8%-1.2% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.2 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Q2 FY27 revenue was INR1,527 crore and net profit INR17 crore, versus a loss of INR478 crore earlier. H1 revenue fell 11% to INR3,118 crore as overseas projects ended and eight projects awaited start. Order book rose 34% to INR12,481 crore. Management kept up to 10% FY27 revenue growth guidance. It expects stronger second-half execution and 8% to 10% project gross margins; domestic bids face pressure, while flat overheads should lift operating margin.

Likely market impact

Order book growth and second-half execution may aid recovery, but project delays, domestic price pressure and 176 receivable days keep risks high.