• Order book expansion: Order inflows have exceeded the full-year guidance of ₹6,000 crore, taking the total order book to ₹23,500 crore following a ₹5,000 crore transmission line project win and a ₹704 crore highway order.
• Financial growth guidance: Management expects a minimum top-line revenue growth of 15% for the year and maintains full-year EBITDA margin guidance between 11% and 12.5%, targeting a 25% project-level IRR.
• HAM asset monetization: Following the first-quarter monetization of Malout-Abohar-Sadhuwali, the company aims to close Bathinda-Dabwali in the second quarter and Jalalabad-Shahabad in the fourth quarter under an agreement with Neo.
• Renewables and capex: Renewables and T&D now comprise 37% of the total order book, with solar execution targeted at 30 MW per month and planned capex of ₹800 crore for FY27.