Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY2027 standalone revenue grew 23.8% y-y to INR974.5 Cr; consolidated revenue up 26.8% y-y to INR1,022.5 Cr - Standalone EBITDA margin improved to 13.4% in Q2 FY2027 from 11.7% last year; consolidated EBITDA margin rose to 17% - Order book at INR22,681 Cr diversified across roads (55%), transmission (21%), renewables (16%), metro (4%), industrial (3%) - Renewable energy and T&D segments driving growth; 10 MW solar commissioned ahead of schedule - HAM asset monetization ongoing; INR250 Cr inflow expected by March 2027; debt reduction of INR540 Cr - Capex equity infusion of INR700 Cr targeted in H2 FY2027 and FY2028; total equity requirement INR2,632 Cr - New INR5,700 Cr power transmission project in Gujarat to start before March 2027 - Execution strong in challenging terrains including Northeast and Himalayas; financial closures done for HAM projects - Management maintains minimum 15% revenue growth guidance and margin improvement outlook - Multiple analyst queries on guidance, project execution, and monetization; management confident on targets