Earning Call Transcript

AI summary - Q2 FY27 revenue grew 335.7% y-y to INR1,323 Cr; PAT rose 334.8% y-y to INR137 Cr - H1 FY27 PAT INR222 Cr, surpassing FY26 full year PAT of INR206 Cr - AI systems contributed INR773 Cr (58.4% of revenue), growing 1,068.1% y-y - Order book INR2,629 Cr with L1 of INR653 Cr; pipeline INR11,152 Cr with 60% conversion - EBITDA margin steady at ~15%; zero net debt with INR14 Cr net cash - Taiwan subsidiary set up for R&D to accelerate product development - Vera Rubin server launch planned by January 2027 - Strong demand from government and private sectors; NSM 2.0 orders expected gradually - Working capital cycle to remain 90-110 days; inventory buildup intentional for order execution - Confident of sustaining 30-40% CAGR growth over next 2-3 years