Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q4FY26 consolidated revenue grew 60.5% y-y to Rs.1,097 Cr; FY26 revenue Rs.2,641 Cr +8.3% y-y - FY26 PAT Rs.307 Cr +10.1% y-y; PAT margin improved to 11.4% - BESS manufacturing capacity expanding from 2.5 GWh to 10 GWh by Oct 2026 - Executable order book Rs.11,338 Cr: Rs.8,854 Cr energy, Rs.2,484 Cr telecom & ICT - FY27 revenue guidance Rs.3,200-3,400 Cr; FY28 guidance Rs.4,000-4,200 Cr - FY27 PAT margin expected 10-11% due to higher energy mix - BOO projects to contribute ~20-25% revenue in FY27; IRR ~12-13% - Inventory built to mitigate raw material price and forex risks; receivables expected to normalize by Sep 2026 - In-house container fabrication to improve cost and logistics efficiency by 4-5% - Strong focus on product-led manufacturing growth and operational leverage - Competitive edge from integrated BESS ecosystem including manufacturing, field ops, and remote monitoring