Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 consolidated revenue grew 60% y-y to INR363.8 Cr; EBITDA margin 20.58%, PAT INR39.5 Cr - Standalone Q2 EBITDA margin 24.38%, PAT margin 13.8%; H1 FY27 consolidated revenue INR723 Cr, +54.4% y-y - Renewable energy contributed ~29% of H1 FY27 revenue; order book INR6,778 Cr split evenly between water and renewables - EBITDA margin guidance: 21% for water/wastewater, 15%-18% for renewables; consolidated ~19%-20% - Execution of renewable EPC projects to scale up in H2 FY27, improving profitability - Working capital focus: trade receivables INR321.8 Cr, borrowings INR703.9 Cr; expect OCF positive by Q4 FY27 - Long-term growth driven by water infrastructure expansion and renewable energy platform scaling - Management sees opportunities in ZLD, water reuse, desalination; plans eventual entry into ultra-pure water segment - Order inflow guidance INR2,500 Cr for FY27; pipeline includes HAM projects and overseas bids