Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q1 FY27 revenue grew 21.9% y-y to INR 302 Cr; PAT rose 55.3% y-y to INR 31.2 Cr - Engineering and EPC segment drove growth with 172.7% y-y rise; order book INR 1,500 Cr, pipeline INR 2,400 Cr+ - Solar projects commissioning on track; revenue expected INR 50-60 Cr in FY27, INR 80-90 Cr peak - Defense & aerospace: ammunition license received; Amravati plant production starts Q3 FY27, revenue INR 70-100 Cr in FY27 - Defense FY28 revenue target INR 300-350 Cr with 30-35% PAT margin; aerospace revenue INR 100 Cr with 45-50% EBITDA margin - Vasai facility utilization 35-40% now, targeting 65-70% by FY27 end; peak utilization in 1.5-2 years - Consolidated debt INR 400 Cr; INR 250 Cr additional debt planned for defense capex - Working capital days ~90, aiming 80-90 days; textile revenue now 1% of mix - Multiple analyst queries on defense and solar growth; management confident on FY27 guidance and long-term growth