| Management target | Revenue 50.0% FY27 |
|---|
| Revenue growth | 50% QoQ growth; consolidated revenue reached ₹157.24 Cr. |
|---|---|
| Margins | EBITDA margins recovering to 25% from prior quarter lows. |
| Order book | Robust at ₹2329 Cr as of July 2026. |
| Demand visibility | Strong bid pipeline of ₹2500-3000 Cr across multiple states. |
| Management confidence | Balanced; acknowledging seasonal execution challenges while maintaining high growth targets. |
Growth
Stand-alone revenue up 50% QoQ to ₹125.72 Cr; PAT rose 184%. Consol revenue hit ₹157.24 Cr.
Outlook
Management expects 50% FY27 revenue growth, targeting ₹900-950 Cr, requiring aggressive H2 execution of ₹300 Cr+/quarter.
Risks
Extreme seasonality in water/sewerage projects; execution delays due to weather and elections; stretched working capital cycle.
Last quarter's promises, checked
Delivered
- Guided EBITDA margin recovery → delivered 25% (= BEAT)
- Guided West Bengal restart post-election → delivered lifting of restrictions (= BEAT)
Partly delivered
- Guided ₹1000 Cr FY27 revenue → delivered ₹900-950 Cr target (= PARTIAL)
Missed
- Guided FY26 revenue recovery → delivered 'washout' results (= MISS)
- Guided zero pledge by end of FY26 → delivered continued share pledges (= MISS)
Earnings Call Transcript filed with BSE, NSE: EMSLIMITED. Summary written with AI assistance from the document.
EMS Ltd: key numbers
- Share price
- ₹334.25
- Market cap
- ₹1,856 Cr
- Revenue (annual)
- ₹732.8 Cr
- Net profit (annual)
- ₹90.53 Cr
- P/E (TTM)
- 27.2×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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