Earnings call Transcript

AI summary - Q1 FY27 revenue grew 38% y-y to INR18.4bn; order book at INR11.4bn, down 30% y-y - Order backlog INR209bn, 3+ years of revenue, down 2.5% q-q - Gross margin at 41.3%, down 4% from FY26 due to lower exports, commodity prices, and HV business ramp-up - EBITDA margin steady at 25.1%, mid-20s guidance maintained for FY27 - Profit before tax INR4.9bn, up from INR3.9bn in Q1 FY26 - Export orders 46% of Q1 intake; private customers 77% of backlog - Capex plan INR10bn announced; INR2.5bn dividend proposed - HVDC pipeline strong but slightly delayed; data center orders currently small but pipeline growing - Management confident of INR7,000-8,000cr base orders for FY27 - Cash balance INR29.3bn with plans for utilization under evaluation