EMS Limited — Q1FY27 earnings call summary

Filed 19 August 2026 · Official transcript

No CAPEX plans currently; Q2 weaker than Q1 but Q3 and Q4 expected to show strong growth
Q1 FY27 standalone revenue Rs. 125.72 Cr (+50% q-q), EBITDA margin 25.53%, PAT Rs. 15.03 Cr (+184.65% q-q)
Working capital cycle approx. 120 days; revenue ramp-up and margin recovery expected in H2 FY27
Execution on West Bengal project expected to normalize from Q3 FY27
FY27 revenue guidance: Rs. 900-950 Cr, with 50% growth over last year; margins expected to return to 2024-25 levels
Project timelines typically 2-3 years; revenue starts 6-7 months post work order
Order book Rs. 2329 Cr as of July 2026; Rs. 317 Cr work orders secured in Q1, Rs. 158 Cr in Q2 so far
Consolidated revenue Rs. 157.24 Cr (+30% q-q), EBITDA Rs. 28.14 Cr (+31.62%), PAT Rs. 15.49 Cr (+1.28%)