• Financial performance: While top line rose 8.5% to nearly ₹1,800 crore, EBITDA fell 36% and profit declined 38% due to a one-time clean-up of legacy issues worth approximately ₹250 crore.
• Capex and R&D: The company infused a record capex of ₹379 crore and expanded its R&D expenditure from 2.5% to 6.5%.
• Current order book: The order book expanded to ₹16,600 crore, with rail and metro accounting for 65%, defense for 25%, exports for 6% ($108 million), and mining and construction for 4%.
• Order inflow pipeline: Management is pursuing a ₹40,000 crore opportunity pipeline with an estimated 50% win rate, with 65–70% expected from rail and metro, 20% from defense, and exports targeted to reach 10% of the total book by FY27.