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Earnings Call

EMS Earnings Call: Key Takeaways

EMS Ltd reported a significant FY26 Q4 revenue miss, attributing the shortfall to government payment delays and election-related work stoppages in West Bengal.

Why this was an Alfa AlertNot a filter event. The company reported a significant revenue miss rather than a beat.
Highlights
Revenue growthConsolidated revenue fell 37% YoY due to execution delays.
MarginsEBITDA margins impacted by fixed costs on stalled projects.
Order bookUnexecuted order book stands at ₹1,837cr as of March 2026.
Demand visibilityStrong pipeline with ₹2,500cr-₹3,000cr in active tenders.
Management confidenceDefensive; management blamed external factors for missing prior guidance.

Growth

Revenue fell 37% YoY to ₹732cr; growth was negatively impacted by a ₹100cr inventory buildup from unbilled milestones.

Outlook

Targeting FY27 revenue of ₹1,000cr and 15% PAT margins as operations stabilize.

Risks

Heavy dependence on government funding and timely permissions; persistent working capital stress due to new payment portals.

Source

Earnings Call filed with BSE, NSE: EMSLIMITED. Summary written with AI assistance from the document.

Read the document ↗

EMS Ltd: key numbers

Share price
₹329.30
Market cap
₹1,829 Cr
Revenue (annual)
₹732.8 Cr
Net profit (annual)
₹90.53 Cr
P/E (TTM)
26.8×Sector 24.7×
Promoter holding
69.70%+0.00% QoQ
FII holding
0.44%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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13:38 IST BSE
Annual General Meeting

EMS Annual General Meeting

EMS Ltd conducted its 16th Annual General Meeting on September 26, 2026, approving financial statements, director reappointment, and a final dividend of ₹1.50 per share.

19:29 IST BSE
New Order Win

EMS Bags ₹218.7 Cr Order

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Value
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Execution
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12:02 IST BSE
Business Update

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11:31 IST BSE
Annual Report

EMS Annual Report

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Value
₹608.1 Cr
11:04 IST BSE
Annual General Meeting

EMS Annual General Meeting

EMS Limited has convened its 16th Annual General Meeting for September 26, 2026. Key agenda items include adopting financial results and declaring a ₹1.50 per share dividend.

13:52 IST BSE
New Order Win

EMS Bags ₹28.39 Cr Order

EMS Limited has secured H-1 bidder status for a NHAI user fee collection contract in Gujarat. The contract is valued at Rs. 28.39 Crore for a one-year period.

Value
₹28.39 Cr
Execution
1 Year